Environment

icone ambiente
 

We gear our decisions towards ensuring compatibility between economic initiative and environmental requirements in accordance with the regulations and codes of conduct in force.
Our commitment to the environment in practical terms involves responsible management of natural resources through ongoing monitoring of the emissions produced by us with the objective of reducing our direct and indirect impact on the environment, as stated in our Group Sustainability Policy.

This commitment is reflected by our approach to energy procurement, with 100% of the electricity purchased in Italy deriving from certified renewable sources.

100% of the electricity we purchase in Italy comes from certified renewable sources, thus saving 6,425 tons of CO2 emissions

 

 

WE MONITOR

  • emissions produced by the direct consumption of energy, such as gas and oil for heating and fuel for company vehicles;
  • emissions produced by the consumption of electricity purchased from power providers;
  • business travel by our employees.

 

Direct energy consumption  (Unit Gj2) 2017-18
Direct energy consumption 1 40,442.27
From non-renewable sources  26,441.02
Diesel 327.78
Natural gas 3 26,113.24
From company cars4 14,001.24
Diesel 10,227.21
Petrol 3,774.03

 

Indirect energy consumption (Unit Gj) 2017-18
Indirect energy consumption 5 97,706.83
Electricity 95,753.25 
From non-renewable sources 26,389.49
From renewable sources 69,363.76
Thermal energy 1,953.59
From non-renewable sources 28.93
From renewable sources 1,924.65

 

Direct and indirect CO2 emissions​6 (Unit TonCo2) 2017-18
Direct emissions (Scope 1) 2,568.41
From non-renewable sources (natural gas, diesel)  1,528.12
From company cars (petrol and diesel) 1,040.29
Indirect emissions (Scope 2) 2,447.38
From electricity and thermal energy 2,447.38
Indirect emissions deriving from company mobility (Scope 3)7 3,004.94
Air travel: 2,794.55
  • Domestic flights
666.87
  • International flights
2,127.68
Train travel: 191.41
  • High-speed
161.53
  • Other types of train travel
29.88
Third-party car services 18.98

 

Paper consumption8 (Unit Ton) 2017-18
Total paper 352.68
Paper consumed (A4) 292.26
Paper consumed (A3) 3.77
Paper consumed (A5) 0.29
Paper for commercial uses (business cards and headed paper) 56.36

 

footnotes

1) For direct energy consumption, where figures are not available estimates have been used: for natural gas in cases involving shared building expenses of which the precise share cannot be calculated, consumption has been estimated on the basis of the floor space in the building actually occupied, or thousandths of the property owned. For bills still to be received, consumption has been estimated based on the previous year’s figures. Data on fuel consumption by company cars which is not available has also been estimated using a similar method.
2) Gigajoules.
3) Consumption by Cairn Capital Group Limited not monitored (no details available for consumption by the building at which its offices are located).
4) Data on fuel consumption for CMB is unavailable as fuel consumption is paid directly by the employees with no refund.
5) Where indirect energy consumption figures are not available estimates have been used: for shared building expenses of which the precise share cannot be calculated, consumption has been estimated on the basis of the floor space in the building occupied. For bills still to be received, consumption has been estimated based on the previous year’s figures.
6) For direct emissions (scope 1), indirect emissions (scope 2) and company cars (scope 3), we have used the emission factors recommended in the “Guidelines on application of GRI (Global Reporting Initiative) environmental indicators in banks” released by the Italian banking association (ABI) and compiled in the Italian Greenhouse Gas Inventory 1990-15 – National Inventory Report 2017 – by ISPRA (Istituto Superiore per la Protezione e la Ricerca Ambientale). For direct emissions deriving from air and train travel, we have used the emissions factors recommended in the ABI guidelines compiled respectively by the ICAO (International Civil Aviation Organization) and the UIC (Union Internationale des Chemins de Fer) via Ecopassenger.
7) For indirect emissions (scope 3), estimates have been used in cases where no data was available for recent months, based on the consumption figures recorded in the months prior to that; consumptions figures for CMB have not been monitored, as the data was not provided by the travel agency used during the reporting period, hence it is impossible to calculate the emissions from them.
8) For paper consumption estimates have been used where data for recent months is unavailable, basing the estimates on the consumption figures recorded in the months prior to that

 

 

For more information visit “Environment” section on  ONLINE CNFS 2017-2018 

Last update: 17/10/2018