Climate Change Data

Talgo, S.A.

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:100% (Spain)
Total Energy Consumption:10,116,629.04 kWh
Water Consumption:17,555.1 m3
Waste Generated:1,730.83 tons (non-hazardous for reuse) + 162.9 tons (hazardous)
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Corporate Governance
  • Sustainable Business
  • Human Capital
  • Environmental Sustainability
  • Social Responsibility

Environmental Achievements

  • 100% of energy consumed at manufacturing centers in Spain comes from renewable sources.
  • Developed a hybrid train allowing flexible operation (hydrogen or electric).
  • Achieved a 93.8% recyclability rate of materials in Talgo Avril train.

Social Achievements

  • Launched "We take care of you" psychological, emotional and social care service for employees and their families.
  • 91% permanent hiring rate in 2022.
  • Implemented various initiatives to encourage employee involvement and commitment.
  • Implemented the "Take the Lead" program for women's leadership development.

Governance Achievements

  • Reduced the number of Board of Directors members from 15 to 10.
  • Implemented a risk management model approved and monitored by the Audit Committee.
  • Established a common process for assessing, monitoring, and controlling compliance risks.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Average book-to-bill c. 2.0x.
  • Adjusted EBITDA increase to c. 12%.
Short-term Goals:
  • Increase production capacity at Rivabellosa factory.
  • Continue previous ongoing projects.
  • 40% order book execution for 2023-2024.

Environmental Challenges

  • Volatility in raw material costs.
  • Disruptions in global supply chains.
  • Inflation.
  • Cancellation of services in Russia.
  • Termination of contract by customer LACMT A in the US (in litigation).
Mitigation Strategies
  • Implemented a cost control action plan.
  • Stabilized and recovered margins.
  • Maintenance contracts include indexation clauses.
  • Increased the universe of suppliers to enhance flexibility.
  • Supplier relocation strategy to promote agility and secure supply.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Supplier Manual trains suppliers on process description, quality requirements, continuous improvement, and responsible purchasing.
  • Supplier approval process assesses technical competence and commitment to sustainability (human rights, environmental, and social).

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Development of energy-efficient products (hydrogen trains).

Reporting Standards

Frameworks Used: GRI, SASB, AccountAbility, IIRC, EFRAG

Certifications: ISO 9001, ISO 14001, IRIS, ISO 21500, EPD, ISO 27001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Talgo Avril (high recyclability), Vittal platform (hybrid hydrogen-electric train)

Awards & Recognition

  • CISOVerso 2022 award for cybersecurity program