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Carbon footprint and greenhouse gas emissions

Sustainability is a way of working in IMA’s mentality, we strive to continuously improve the environmental performance for our processing and packaging solutions.

The ultimate aim is, of course, to minimize and progressively reduce the carbon footprint.

Besides photovoltaic plants and solar collectors installed in some Company’s buildings, and the “Green Building Policy” adopted for the newly build facilities, in 2020, IMA S.p.A. launched a project together with Valle Morosina, a firm that generates certified carbon credits from the photosynthesis of plants, the circulation of algae in fresh water and the biological farming of fish in in the Southern Venetian Lagoon. In particular, IMA has acquired sufficient carbon credits to offset all of its direct emissions and indirect emissions.

This initiative represents an important plus for IMA, both in terms of reducing its environmental impact and when reporting and communicating with its stakeholders, principally within the CDP.

 

 

Supply Chain Program of the CDP (formerly Carbon Disclosure Project)

Supply Chain Program of the CDP (formerly Carbon Disclosure Project)

In order to carry out its commitment to the gradual reduction of direct and indirect emissions, in 2012 IMA joined the Supply Chain Program of the CDP (formerly Carbon Disclosure Project) and, starting from 2014, as an issuer listed on the MTA organized and managed from Borsa Italiana S.p.A., also to the Climate Change Program, the main program of the same project. CDP is an international non-profit organization that provides companies and the community with a global system for measuring, disseminating, monitoring and publishing information on environmental sustainability issues.

The Program, which is aimed at companies, provides for the implementation of strategies designed to gradually reduce emissions, also involving partners along the supply chain, and to manage environmental risks associated with climate change. Every year companies participating in the Main program of the CDP undertake to report their emissions (calculated in terms of emissions of carbon dioxide equivalent (or CO2e) in order to monitor them and, if possible, establish a plan to reduce them over time; the reported data are made public by the CDP, available to international investors, in order to guide their investment decisions towards companies that have a profile that is more sustainable for the environment.

Ecovadis

Also in 2020, IMA was successfully assessed by Ecovadis, which awarded it a “Silver Ecovadis Medal”.

EcoVadis is a platform for the analysis of CSR standards, based on international CSR standards including the Global Reporting Initiative, UN’s Global Compact, and the ISO 26000 standard. Companies are rated in four areas: Environment, Fair Working Practices, Ethical/Fair Business Practices, Supply Chain.

 

IMA calculates its "carbon footprint" in terms of CO2 equivalent, reporting:

Direct emissions (Scope 1)

deriving from the consumption of fuels needed to power thermal plants and machinery (natural gas, diesel and LPG) and the cars of the company pool (petrol, diesel, LPG and methane)

Indirect emissions (Scope 2)

from electricity consumption, net of the energy produced by the photovoltaic park, and self-consumed, and certified supplied energy from renewable sources.

Indirect emissions (Scope 3)

deriving from the consumption of water, the purchase of fixed assets, other assets and goods and services, losses on the extraction, distribution and transportation of fuels and electricity, the purchase of logistics, transportation and distribution services, the generation, transportation and disposal of urban and industrial waste, and travel for work and by employees travelling between work and home.

Thanks to the monitoring of emissions, IMA has formulated a plan to contain and reduce them. Various interventions have already been implemented, while others have been programmed as part of a reduction plan.

In 2020, the supply of electricity certified to derive solely from renewable sources made it possible to avoid 8,598.7 ton CO2eq of indirect emissions (using the market-based[1] calculation method envisaged in the 2015 “GHG Protocol Scope 2 Guidance – An amendment to the GHG Protocol Corporate Standard”). Considering the IMA Group in the world, 8,647.8 ton CO2eq of indirect emissions were saved on the same basis.

The performance of Scope 1 emissions principally reflects lower usage of the car fleet in 2020 due, in large measure, to the travel restrictions imposed by the COVID-19 anti-contagion protocol. Similarly, the performance of Scope 2 emissions (location-based method) reflects the reduction in electricity consumption attributable to the additional recourse made to smart working. The reduction of Scope 2 emissions (market-based method) in 2020 was due to the additional purchasing of electricity certified to derive from renewable sources.

[1] Equal to the CO2 emissions that IMA would have reported without having purchased guarantees of origin certifying that the related electricity was generated from renewable sources.

The intensity rates are calculated by dividing the Scope 1+2[1] emissions in tonCO2eq by the usable surface area in m2, sales in euros, and the number of employees  (expressed as Full-Time Equivalents (FTEs) to take account of both part-time and full-time contracts); the 2020 values for IMA in Italy are respectively 0.055 tonCO2eq/ m2 (0.057 tonCO2eq/ m2 at Group level); 0.0000143 tonCO2eq/ € (0.0000148 tonCO2eq/ € at Group level) and 4.65 tonCO2eq/ FTEs (4.03 tonCO2eq/ FTEs at Group).

 

INITIATIVES TO REDUCE GREENHOUSE GAS EMISSIONS AND RESULTS ACHIEVED

The total production of the Italian photovoltaic park of IMA, in 2020, net of network sales, came to 648,046 MWh, which satisfied part of the energy needs of the various plants served, helping to avoid a total of 232.65 tonnes CO2e [2].

OTHER ATMOSPHERIC EMISSIONS (POLLUTING EMISSIONS)

 IMA’s activities involve minimum emissions of NOX (nitrogen oxides), SOx (sulphur dioxide), volatile organic compounds (VOCs) and atmospheric particulates, deriving from combustion in the thermal power plants, for space heating purposes and therefore non-productive ones. Therefore, given that these pollutants represent a low impact at Group level, it was considered appropriate not to report it in this document

[1] The calculation was made using the Location Based method

[2] The calculation was made according to the Location Based method