Soltec Power Holdings, S.A.

Greenhouse gas emissions & sustainability report data

📊 Latest report period: 2021🗂️ Report periods on file: 2021

In its 2021 reporting, Soltec Power Holdings, S.A. disclosed greenhouse gas emissions of 2.7K tCO2e. By scope: Scope 2: 2.7K tCO2e; Scope 3: 203.08 tCO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.

💨
GHG Emissions
2.7K tCO2e
2021
⚡
Renewable Energy
100%
of total energy
💧
Water Usage
2.5K m3
2021
♻️
Waste
1.4K tons
2021
⚙️
Energy Use
526.1K kWh
2021

📊 Emissions by Scope (2021)

ScopeWhat it coversReported value
Scope 2Indirect emissions from purchased electricity, steam, heat and cooling.2.7K tCO2e
Scope 3Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.).203.08 tCO2e

New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.

✅ Reported Environmental Achievements

🎯 Climate & Sustainability Targets

🔜 Short-term

  • 100% compliance with the Corporate Governance Plan.
  • Approval of a Regulation of the Lead Director.
  • Improvements to the investment and financing policy.
  • Review of the insider information system.
  • Renewal of the Aenor certification on the UNE 19601 standard at Soltec Power Holdings S.A. and Soltec Renewable Energies S.L.U. and obtaining said certification at Soltec Innovations S.L.U.

📅 Medium-term

  • Development of an ESG Master Plan based on five strategic lines.
  • Certification for the UNE 15986 standard for Value-Added Purchasing Management and ISO 20400 standard for Sustainable Procurement.
  • Implementation of an approval platform ('GoSupply') for relevant suppliers.
  • Implementation of an electronic invoicing management platform ('SERES') to optimise registration and payment processes.
  • Centralisation of indirect purchases through the implementation of an internal management platform ('JIRA').

🔭 Long-term

  • Net zero emissions

🌱 ESG Focus Areas

InnovationSustainabilityVertical IntegrationPeopleEnvironmentGood Governance

⚠️ Challenges & Risks +

  • Disruptions to international logistics affecting costs and contract negotiations.
  • Increased cost of raw materials and personnel resources due to shortages and restrictions.
  • Instability due to the invasion of Ukraine requiring reassessment of supply strategy.
  • Increased cost of logistics.
  • Increased price of steel.
  • Human resource limitations due to mobility restrictions.

📋 Report Information

Reporting Period: 2021
Frameworks: GRI Standards (Core option), SASB (Solar Technology & Project Developers)