Back 15/07/2023 news

Greenalia publishes its FY22 sustainability report integrating financial and non-financial reporting

Greenalia publishes its annual sustainability report for fiscal year 22. Following GRI Standars, the document includes financial and non-financial information, thus providing greater transparency to all its stakeholders. This report has been verified by KPMG, guaranteeing the veracity of the information reported.

Taking the material aspects obtained from the materiality analysis as a reference, the report is a balance of 2022 achievement from an integral ESG perspective. The financial information is in line with the period of the Consolidated Annual Accounts of Greenalia S.A. The Report, as in previous years, includes the actions and indicators implemented pursuant to the Sustainable Development Goals (SDGs). Greenalia shows through its actions in 2022 its commitment to the principles of the United Nations Global Compact, of which it has been a member since 2019.

As the Report shows, 2022 has been the year of consolidation of the company’s sustainability policies. In addition, with the aim of measuring our ESG management, in 2022 we secured our first ESG rating by Sustainalitycs (Morningstar). The introduction of higher GRI and Compliance reporting standards places Greenalia at a high level of self-demanding in the areas of Governance, Environment and Social, and with a corporate culture at or above the level of the largest and most advanced organizations in the world.

The main milestones in our ESG strategy were, in Governance, the progress made in our Compliance Program with the approval of a comprehensive package of internal rules on matters related to taxation, security and risk management.

In social matters, the 40% increase in impact investment on the territory is highlighted, reaching up to 63 million euros. Thanks to these investments, 180 direct and indirect jobs were created. Likewise, collaboration with entities in the communities in which we operate was expanded, both in terms of the number of organizations benefited and the total contributions made.

From an environmental perspective, the fact that the emissions associated with electricity consumption at our facilities (Scope 2) have been neutral is noteworthy, as 100% of the electricity consumed comes from renewable sources. Added to this is the commitment made by the Board of Directors to reduce total GHG emissions by 25% by 2030, an objective reinforced by Greenalia’s adherence to the Climate Pledge platform, through which we are committed to being neutral by 2040, a decade before the Paris Agreement.

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