Our Commitments
The Group has a business model that integrates social and environmental aspects in its core business and a Purpose, which has always shaped its strategy, that is to be innovative, sustainable and the benchmark for energy suppliers.
In the pursuit of sustainable development, the Group has defined medium-term objectives for environmental, social and governance aspects and has approved a set of key performance indicators (KPIs) for 2023 in order to set improvement targets and measure progress in each of the identified areas.
ESG 2023 Targets
| ESG | Key Performance Indicators - KPIs |
Unit of Measure | Average 2020-2022 | Targets 2023 | Actual Results FY 2023 | Comments |
|---|---|---|---|---|---|---|
| E | CO2 emissions (per kton of crude oil + complementary fillers processed) | ton/ kton |
440 | - 5% vs. Average 2020-22 (425) | 414.6 | The FY result surpassed the target, particularly considering the optimized plant performance, despite the challenging cycle of maintenance and turnaround activities successfully completed during the year. |
| E | SO2 and NOx emissions (per kton of crude oil + complementary fillers processed | ton/ kton |
0.427 | Stabile vs. Target 2022(< 0.450) |
0.410 | SO2 emissions of 2637ton + NOx emissions of 2911ton. Goal Achieved |
| E | Clients avoided SOx emissions (clients purchasing VLSFO 0.5%S vs. HSFO 3.5%S) |
kton/ year |
37.0 | +15% vs. Target 2022> 40kton SOx avoided (680kton VLSFO) |
56.4 | FY result better than Target, thanks to the excellent commercial performance (FY2023 VLSFO bunker sales via barge + cargo market equal to 940 kton), and also the ten-year IGCC stop has shifted processing to LS, with greater VLSFO production availability |
| E | Refinery Consumption and Losses (as % of crude oil + total charges) Processed) | % | 5.98% | Stabile vs. Target 2022 (6,14%) |
5.47% | Better result than Target, with effective plant set-ups (despite the shutdowns made during the year |
| E | Raw water consumption by regional consortium vs. total site water demand) | % | 28.1% | Stabile vs. Target 2022 (< 30%) |
28.85% | Better-than-target result. Withdrawal from CASIC (5,991,252 cubic meters) lower than last year's value (6,277,376 cubic meters). Lower site water requirements, resulting from the reduction of sea water withdrawal (T/A IGCC with Torre, Acciona and DAM stops). |
| E | Waste output from Ecotec vs. total waste produced by Sarlux | % | 14.8% | -20% vs. Target 2022 (< 20%) | 11.0% | Improved result of the target, thanks to the important contribution of the Thermo-Dryer which significantly reduces volumes |
| E | Co-processing of vegetable oils at Sarlux desulphurisation plants | kton/ year |
41.7 | +50% vs. Target 2022 (> 45kton) |
35.3 | Lower result than the Target. In fact, in 2023 the processing of vegetable oils has been reduced due to the economic context (cost vegoil vs. gasoil) |
| E | Electricity Production from Renewable Sources (Wind/Solar) |
GWh | 252.4 | +15% vs. Media 2020-22 (> 290 GWh) |
298.1 | A better result than the Target, thanks to the second half of the year, which recorded excellent windiness, especially at the Ulassai site |
| S | Diffusion of wearable DSA for Sarlux site staff | # of Tools | 120 | Increased DSA diffusion (200 instruments) |
200 | In line with the target. In the second half of 2023, 50 BL portable devices were purchased for the DSA project, bringing the total to 200 instruments |
| S | Sarlux Accident Frequency Index + third-party companies working in Sarlux | #injuries* Mln / #hours_worked | 2.86 | New Target set comprising third-party companies (< 2.9) | 2.25 | 8 Sarlux accidents + 4 third-party companies working in Sarlux |
| S | Safety remarks (BBS) at the Sarlux site | # of BBS Comments | 19,220 | Stable vs. Stable Average 2020-22 (about 20,000) |
20.099 | Result in line with the target, thanks to the training of new observers |
| S | Direct impact in Sardinia (Group employee salaries + Goods & Services from local suppliers + Taxes paid locally) | EUR Mln | 443 | 465 (+5% vs. 2020-22 average) Growth from recovery in investments and salaries | 719M€ | This value is well above the target, mainly due to the tax revenue paid in Sardinia, which in 2023 amounted to €533M (due to the extraordinary economic result achieved in 2022) |
| S | Gender Diversity among the Group's Graduates | %women | 30.7% | Stable vs. Target 2022 (>30%) |
30% | Result in line with target |
| S | Group Employee Training | hours/year | 42,544 | approx. 28,000 | 34.007 | Better-than-target result |
| S | Welfare - activation of the new program for Group employees | Yes/No | n/a | Target 90% Group employees |
95.8% | The service was activated on April 1, 2023, and the indicator is calculated from the date of activation |
| G | Incentives for Top Management linked to ESG objectives | ESG-Linked Bonus %/Total Bonus |
n/a | > 15% | 20% | Better-than-target result, and aligned with multi-sector best practices; recognized as an important Governance objective by ESG Rating Agencies and Stakeholders, for aligning and incentivizing Top Management towards Sustainable Development |
| G | Internal audits carried out by Quality Management System (QMS) and Internal Audit (IA) functions | # of audits | 52 | Stable vs. Target 2022 (53) |
54 | Better-than-target result. 53 audits carried out by Internal Audit (IA) + 11 audits carried out by Quality Management System (QMS) |
| G | "Climate Change" and "Water Security" questionnaires organized by CDP on an annual basis | Yes/No | Yes | Saras ratings better than or equal to "B" | Climate = B; Water = B |
Based on the scores assigned by CDP on 6 February 2024, Saras achieved a "B" rating for both "Climate Change" and "Water Security" aspects |
| G | "ESG ratings" assigned to the Saras Group by Moody's V.E., Sustainalytics, MSCI, and S&P Global | Delta Offset % Algorithm |
n/a | Saras Ratings > 3% of the industry average | 29% | Analyzed and provided feedback on Sustainalytics and MSCI Ratings, achieving significant improvements (Sustainalytics from 31.8 to 26.5; MSCI from 4.9 to 5.6 and upgrade to letter A). In addition, the S&P Global Rating has also been revised (improved from 44 to 51). Finally, in an unsolicited manner, the Moody's Vigeo Eiris Rating was updated (improved from 44 to 45) |
| G | ESG Supply Chain Monitoring | % of suppliers monitored | n/a | Sarlux supplier ESG monitoring (70% of suppliers - 50% responses) | 100% suppliers 57% feedback |
Better-than-target result: specifically, 333 questionnaires were sent, to 100% of suppliers subject to new qualification or retention. A total of 190 responses were received, which corresponds to 57% of qualified suppliers. |
| G | Monitoring by the "Sustainability Committee" | # of meetings in which Sustainability topics are discussed | 4 | Increased to 5 | 5 | Result in line with the target. Sustainability issues were addressed and examined at the meetings held on: 30 January; 06 March; May 10; July 24; 31 October |