IT EN FR ES ABOUT US BUSINESS CORPORATE GOVERNANCE INVESTOR RELATIONS COMMUNITIES PEOPLE MEDIA SUSTAINABILITY AT THE CORE | OUR SHARED VALUE 2020 ABOUT US / GROUP BACK SUSTAINABILITY AT THE CORE REPORT 2020 GO TO THE REPORT SUSTAINABILITY AS A GUIDE To us, sustainability is not just producing and enabling the use of sustainable power, it is very much about the creation of shared value for all our stakeholders while safeguarding the environments where we operate. For this reason, sustainability permeates every decision and every business process within our Group: it is the space where our strategic directions and our activities are drawn. Sustainability forms part of our DNA, together with the ability to evolve and innovate. We consider ourselves enablers, a role that we mean being ability to create - and transmit - the power to achieve our goals and those of our stakeholders. It is on solid and transparent industrial, ethical and social bases that we are ready to make a tangible contribution to global and local sustainable development. This Report describes Falck Renewables 2020 sustainability performance and impacts, as well as the commitments we have taken in front of us. DOWNLOAD VIEW HIGHLIGHT 2020 € 170.2M added value distributed to all stakeholders* € 200M the value of the green bond issued with maturity in 2025 New business line dedicated to electrical storage + Green hydrogen partnership in Spain 7 PPAs signed (of which 3 with a ten-year duration) 45% of plants with a significant community engagement program** € 1.5M funds paid to community benefit programs in countries of presence, that supported 168 local projects € 843 thousand the interests paid in the UK to 3,622 subscribers of 7 cooperatives and to the community ownership program 74% of orders to local suppliers 569.8 thousand tCO2eq GHG emissions avoided*** thanks to wind and solar energy Integrated agrivoltaic project development adopted in Italy 550.17 tNOx 147.14 tSOx 235.26 tCO 7.3 tPM10 avoided air pollution thanks to total wind and photovoltaic power production**** A more accurate estimation of CO2 footprint with the calculation of Scope 3 emissions (associated to our value chain) 16,729 total training hours equivalent to 30.3 hours individually Over 90% of colleagues worked remotely, for a total of 708,840 hours 5 women in the BoD (42%) 137 colleagues underwent performance evaluation *To stakeholders such as employees, shareholders, providers of loan capital, central and local government and local communities. **To be understood as the involvement of local communities through cooperative, ownership and benefit programs, as well as crowdfunding initiatives, or with the local enabling of sustainable energy consumption services (i.e., community energy PPA, access to net metering credit programs, etc.) for the benefit of communities or entities/institutions of public utility. ***References of the emission factors applied in this report: USA: “Emission Factors for Greenhouse Gas Inventories” (US EPA, 2020); EU: “Fattori di emission atmosferica di gas a effetto serra nel settore elettrico nazionale e nei principali Paesi Europei” [Atmospheric emission factors of greenhouse gases and other pollutants from the power sector] (ISPRA, 2020); Norway: “Electricity disclosure 2018” (NVE-RME, 2020 update). These factors are updated with respect to those applied in previous reporting. Performances and targets have been re-calculated accordingly. ****Emission factors for the production and consumption of electricity in Italy (updated to 2019 and preliminary estimates for 2020), published by ISPRA on TERNA data. THE MATERIALITY MATRIX The materiality analysis is a crucial aspect of our business approach, as it allows to scope the most relevant sustainability issues on which to focus our commitment. The 2020 materiality matrix is the result of what emerged through the listening of a wide range of external stakeholders, integrated with those findings collected within the company. The 12 material topics identified are all placed in the highest relevance sector of the matrix. THE SUSTAINABILITY FRAMEWORK The Sustainability Framework (SUF), also updated annually, delimits the space within which strategic business decisions are made. Integrated with the Risk Appetite Framework (RAF), the SUF provides a combined framework of strategy and sustainability, within which our industrial plan is conceived. OUR 4 STRATEGIC SUSTAINABILITY GOALS Through the SUF we have identified 4 strategic sustainability goals, one for each of the 4 Capitals (economic and productive, social and relational, environmental and climate, human) we transform with our business. The progress towards these goals is measured through a set of KPI, that we consider a significant proxy to depict our sustainability action. THE CAPITALS THAT WE TRANSFORM € 170.2M added value distributed to all stakeholders* Target 2025: € 255M *To stakeholders such as employees, shareholders, providers of loan capital, central and local government and local communities. Economic and productive capital We adopt a distinctive business model that combines economic sustainability with the generation of social and environmental value, and we are always on the lookout for innovation in our industry. The distributed added value measures the wealth shared with our main stakeholders: shareholders, employees, central and peripheral public administrations, financial institutions, and the local communities in which we operate. For this reason, for us it is a performance indicator to measure, every year, the transformation of the economic and productive capital. Our commitments for 2021: promote a distinctive sustainable business model, attracting ESG investors and capital; promote regulatory proposals on sustainable energy through a dialogue with Authorities and Institutions; ensure full consistency between RAF and SUF, update and monitor the list of sustainability key risk indicators (KRI); pursue innovative and sustainable customer-focused solutions and continue to invest in digitalization; Social and Relational capital Local communities and on-the-ground partners are a key aspect of our business model. We share the value we generate with them, including through the many ESG initiatives we support in the contexts in which we operate. We encourage the participation of local communities in our business through engagement models and initiatives aimed at enabling the sustainable development of the territories that host us. We promote the use of the local labor force and a short supply chain. We support the creation of skills, competence and knowledge-sharing in relation to energy sustainability, including through training projects. We minimize the impact on the environment of our activities, in order to protect the ecosystem value of the territories that host us, as well as enhance their customs and traditions. The rate share of plants with a significative community engagement program of local communities in our business is the way in which we measure our capability toof grow together with the communities that host us. Our commitments for 2021: refine a responsible sourcing process that encourages a sustainable approach, short supply chain, and use of local labor; consolidate the activities promoted by the Sustainability Charter and extend them to new countries of presence; involve our clients/offtakers in community engagement programs; promote a pilot experience of lending crowdfunding in Italy; 45% of plants with a significant community engagement program* Target 2025: 55% *To be understood as the involvement of local communities through cooperative, ownership and benefit programs, as well as crowdfunding initiatives, or with the local enabling of sustainable energy consumption services (i.e., community energy PPA, access to net metering credit programs, etc.) for the benefit of communities or entities/institutions of public utility. 569.8 thousand tCO2eq GHG emissions avoided* thanks to wind and solar energy Target 2025: 1,220 thousand tCO2eq ** References of the emission factors applied in this report: USA: “Emission Factors for Greenhouse Gas Inventories” (US EPA, 2020); EU: “Fattori di emission atmosferica di gas a effetto serra nel settore elettrico nazionale e nei principali Paesi Europei” [Atmospheric emission factors of greenhouse gases and other pollutants from the power sector] (ISPRA, 2020); Norway: “Electricity disclosure 2018” (NVE-RME, 2020 update). These factors are updated with respect to those applied in previous reporting. Performances and targets have been re-calculated accordingly. Environmental and climate capital Fighting climate change and safeguarding the environments that host our operations are our main challenges. We want to be leaders in energy transition and sustainability. We want to produce sustainable energy, in a sustainable way, in sustainable territories. The GHG emissions avoided thanks to wind and solar energy are for us the monitoring parameter of our commitment to the environment. Our commitments for 2021: make progress towards the net-zero emission target by 2025 ensure total compatibility between activities and the environment protect ecosystems and enhance traditional uses in the territories in which we operate Humal capital We believe in people and their potential, in their desire to improve themselves and to generate value for our Group and for the society in which we live. This is why we are committed to promoting continuous professional growth, while guaranteeing a stimulating and safe working environment, that enhances everyone’s diversity and allows them to achieve a fair balance between work and private life. Believing in the importance of nurturing each individual’s talent, we promote continuous learning in a process of individual and collective growth. The yearly average hours of training per employee, on average, allow us to keep track of this growth path. Our commitments for 2021: expand internal training offerings and develop an employer branding plan consolidate health & safety protocols and tools, develop a seminar program on health, safety and wellbeing balance gender ratio in recruitments consolidate a governance model that combines sustainability, risk and integrity 30.3 yearly individual hours of training per employee Target 2025: 40 hours Accessibility Privacy Legal Cookie Policy Contacts Email alert IT EN FR ES © 2020 Falck Renewables S.p.A - VAT Number : 03457730962