Madrid, april 16th 2024
- Reaches 68% electricity consumption from renewable energies and reduces its CO2 emissions by 13% with respect to 2022.
- Obtained silver medal from ECOVADIS, placing it in the top 15% of the global sustainability rating.
Madrid, 16 April 2024 – Gonvarri Industries, a global leader in the transformation of flat steel, aluminium and metal solutions, presents its Sustainability Report 2023. This report highlights the Group’s commitment to sustainability and corporate responsibility within the Environmental, Social and Governance (ESG) framework, the Global Reporting Initiative ‘s GRI Standards and the Sustainable Development Goals.
The Report shows notable achievements in key areas such as diversification, value creation, digitalisation and sustainability, in the context of the 2022-2024 Strategic Plan. These advances have enabled Gonvarri to obtain a silver medal from ECOVADIS, placing it in the top 15% worldwide in this sustainability rating, and a “B” rating awarded by CDP (Carbon Disclosure Project).
Main results
In the environmental dimension, Gonvarri Industries has focused its management on reducing emissions, in accordance with the “Carbon Neutral 2030/50 Plan”, with the aim of achieving zero net emissions by 2050 according to the SBTi criteria. The Group reported energy consumption of 232 GWh, with 68% of electricity consumption coming from renewable sources. By 2023, it has recorded a 13% reduction in CO2 emissions in Scopes 1 and 2, representing a cumulative reduction in CO2 emissions of 45% over the last two financial years. In addition, it has reinforced its commitment to the circular economy through a new policy to reduce single-use packaging. 89% of Gonvarri Industries’ factories are certified under the ISO 14001 standard.
The social dimension of Gonvarri Industries encompasses employee health and safety, talent management, customer and supplier management and social action. A major milestone was the completion of a year without serious accidents, extending the scope of the ISO 45001 standard to 83% of employees. In talent management, platforms such as Success Factors have been launched for performance evaluation. The Frontline Workers project has significantly improved digitalisation in industrial operations, setting new standards in efficiency and communication. Regarding customers, there was a 24.4% improvement in quality indicators. In relation to suppliers, there has been an increase of 75% in ISO 14001 certified purchases. In terms of community impact, 7 projects have been promoted, benefiting 128,500 people with an investment of 455,000 euros.
In the Corporate Governance dimension, of note was the new corporate Human Rights policy, as well as the 85% increase in requests for information from Group companies within the framework of the continuous audit and risk management model. In 2023, there was a notable 26% decrease in the number of complaints received. In terms of cybersecurity measures, dual authentication has been implemented throughout the Group, thus ensuring the protection of critical data.
For more information and to access the full 2023 Sustainability Report, please visit this link
