Climate Change Data

SOLTEC POWER HOLDINGS, S.A.

Climate Impact & Sustainability Data (2021, 2022)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:2742 tCO2e
Scope 2 Emissions:2742 tCO2e
Scope 3 Emissions:203.08 tCO2e (2020 data, 2021 data still being measured)
Renewable Energy Share:100%
Total Energy Consumption:526,125 kWh
Water Consumption:2502 m3
Waste Generated:1359 tons

ESG Focus Areas

  • Innovation
  • Sustainability
  • Vertical Integration
  • People
  • Environment
  • Good Governance

Environmental Achievements

  • 22.31 tCO2 eq. avoided thanks to our projects.
  • 3% reduction in electricity consumption per employee compared to the previous year.
  • 3% reduction in water consumption per employee compared to the previous year.
  • 3% reduction in fuel consumption per hour worked in the company compared to the previous year.
  • 3% reduction in waste generated per hours worked, compared to the previous year.
  • Obtaining ISO 50001 SG for energy efficiency.
  • 100% renewable energy consumption at Soltec's corporate offices.

Social Achievements

  • Launched Ecovoltaica concept to boost sustainable PV projects, improving environmental, economic, and community impact.
  • Created Aurora, a corporate venturing tool for cleantech projects.
  • Created almost 2,500 jobs at year-end 2021.
  • Spending €393 million on procurement and contracting, stimulating the generation of employment at its suppliers.
  • Contribution to the local economies of the countries in which the company is present through payment of €50 million in salaries to its employees.
  • Offered 33 grants for technical and advanced courses.
  • Invested in installing three internet access points in quilombo communities.

Governance Achievements

  • Approved a Corporate Governance Plan for the entire company.
  • Extended and updated the criminal and risk management system.
  • Reviewed certain corporate policies.
  • Renewed AENOR certification on the UNE 19601 standard.
  • Extended the criminal management system to Powertis, S.A., Soltec Innovations, S.L. and some international subsidiaries.

Climate Goals & Targets

Long-term Goals:
  • Net zero emissions.
Medium-term Goals:
  • Extension of ISO 9001:2015 to the company's subsidiaries in Chile and Mexico.
  • Implementation of an evaluation system ('GoSupply') for the most relevant suppliers, including quality criteria.
  • Implementation of a traceability system for electronic components.
  • Extension of the criminal management system to all subsidiaries.
Short-term Goals:
  • 100% compliance with the Corporate Governance Plan.
  • Approval of a Regulation of the Lead Director.
  • Improvements to the investment and financing policy.
  • Review of the insider information system.

Environmental Challenges

  • Disruptions to international logistics affecting costs and contract negotiations.
  • Increased cost of raw materials and personnel resources due to shortages and pandemic restrictions.
  • Greater instability due to the invasion of Ukraine requiring reassessment of supply strategy.
  • Rising cost of steel triggered by increased demand and reduced production capacity.
  • Transport costs doubled during the first half of 2021 due to strong demand in Europe and North America and low demand in Asia.
  • Shortage of human resources and mobility restrictions due to COVID-19 affecting project costs and access to qualified professionals.
Mitigation Strategies
  • Agreed new delivery conditions with suppliers (FOB clause).
  • Used carriage in the cargo hold for long-distance delivery.
  • Developed new supply chains closer to project locations.
  • Collaborated with new suppliers to diversify contracts.
  • Passed-through price increases for raw materials to customer contracts.
  • Increased the number of contractors and workers, making the approval process more flexible and increasing the search for contractors at a local level.

Supply Chain Management

Supplier Audits: 18 quality audits of suppliers

Responsible Procurement
  • Commitment to human rights (UN Universal Declaration of Human Rights), international labor standards (ILO Declaration), equal opportunities, environmental responsibility, and ethical conduct (UN Global Compact principles).

Climate-Related Risks & Opportunities

Physical Risks
  • Potential problems arising out of natural disasters.
Transition Risks
  • Reduction of solar tracker prices
  • Potential regulatory changes
  • Increased competitiveness in the industry
Opportunities
  • Development of energy-efficient products
  • Growth in renewable energy sector

Reporting Standards

Frameworks Used: GRI Standards (Core option), SASB (Solar Technology & Project Developers standard)

Certifications: ISO 14001, ISO 9001, ISO 45001, ISO 50001, ISO 14064-1, UNE 19601, UNE 15986, ISO 20400, UL 3703, IEC 62817

UN Sustainable Development Goals

  • SDG 7 (Affordable and Clean Energy)
  • SDG 8 (Decent Work and Economic Growth)
  • SDG 9 (Industry, Innovation and Infrastructure)
  • SDG 13 (Climate Action)
  • SDG 15 (Life on Land)

Soltec's business model and initiatives contribute directly to these SDGs through clean energy generation, job creation, innovation, emissions reduction, and biodiversity protection. Other SDGs are supported through volunteering and social action.

Sustainable Products & Innovation

  • SFOne solar tracker
  • SolarFighter
  • Diffuse Booster

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • Corporate Governance
  • Sustainability

Governance Achievements

  • Approved the Corporate Governance Plan for 2022
  • Approved the 2021 Annual Corporate Governance Report
  • Updated the ESG indexes
  • Approved the Sustainability Report for 2021
  • Analyzed the progress of the integrated report and taxonomy
  • Analyzed the balance of ESG 2022 activity and 2023 action plan
  • Reported on the Soltec Foundation’s activity in 2022 and budget for 2023
  • Report on corporate governance activity
  • Follow-up of the Corporate Governance plan

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities