We want to protect the environment through efficient investments aimed at developing initiatives that limit our environmental impact and promote energy efficiency, responsible resources use and proper waste disposal.

Energy

Energy efficiency and savings are a priority for us and we are committed to gradually improving our energy performance in order to obtain greater efficiency and guarantee the sustainability of our activities.

We have established a structure and an organizational process aimed at the preparation of annual site energy diagnosis and the identification of improvement plans aimed at the continuous efficiency of the company’s energy performance. In particular, in our production sites, the replacement of lighting fixtures with new LED technology has continued and systems have been installed for the automatic switch-off of ventilation, intake and air conditioning systems.

 

 

Energia Elettrica EN

Furthermore, we are committed to increasing the share of electricity from renewable sources. In 2021, the share of electricity from renewable sources used by the entire Group was of 84%.

Water

In the current context of climate change, the increase in demand for water resources is highlighting how, in a growing number of countries, large quantities of water may no longer be available at low cost. Safeguarding water, including through virtuous management of water discharges, is one of the main commitments in our Policy and is also one of the aims of the communication/awareness project, aimed at promoting virtuous and eco-sustainable day-to-day behaviour.

 

Since, following the assessment carried out in 2020 using the Aqueduct Water Risk Atlas software, the Ancona, Castellammare di Stabia and Palermo shipyards were found to be in water stress areas, specific plans were defined in 2021 to monitor withdrawals and the main uses of water, including the installation of new flow meters, with the aim of identifying and minimizing wastage.

 

At the level of individual shipyards, as part of the environmental management systems, we continuously monitor the measures implemented to ensure the optimization of water quantity and quality. We also monitor water consumption during the production cycle, planning and implementing specific maintenance interventions aimed at saving water resources.

Raw materials

Procurement of raw materials has a strategic role for our activity. Over the years, we consolidated the process of material selection and procurement, based on which the environmental impact of materials in their entire life cycle is assessed at the design stage.

As best described in the section on eco-design, even while preparing specific contractual techniques, and consequently those needed for the procurement process, we work to identify materials for the interiors that, though possessing the same technical, qualitative and compliance characteristics, are also environmentally compatible.

 

The main raw materials present in the Group’s production cycle are:

 

  • iron for the hull;
  • copper for the electric wiring and automation;
  • steel, iron, plastics and other iron and non-iron alloys for the piping installed on board;
  • welding materials;
  • paint products.

 

In line with the contents of the Policy regarding the use of chemical products, the supply choices, where there are equivalent technical characteristics and/or compatible performances, continue to be oriented towards products with a lower environmental impact.

With regard to paint products, which are quantitatively most present in shipbuilding production, the involvement of suppliers has enabled new low-solvent or water-based products to be introduced into the design specifications.

Waste

We promote responsible waste management by boosting separate collection for recycling.

The criteria identified for managing processing residues and waste disposal are included in the Company guidelines, which are incorporated and detailed in the procedures of each production unit for managing the site’s specificities.

 

The layout of the production cycle, characterized by specific sequences of the processing phases, makes it possible to optimize the choice and introduction of the materials used upstream and, therefore, to organize the waste sorting and collection methods correctly.

Waste produced by our activities is delivered to authorized sites according to its classification and recovery destinations are favoured and maximized.

 

In 2021, in Italy the portion of waste sent for recovery, which stands at 88% of total waste produced, was consolidated.

 

In pursuing the commitments set out in our Policy with regard to the supply choices of chemical and paint products, as well as eco-design choices, we promote the use of materials with a lower environmental impact that favour sustainable waste management both during the shipbuilding phase and during operation and end-of-life.

Corporate mobility

We promote a model of sustainable mobility management that concretely affects the reduction of greenhouse gas (GHG) emissions, leading to a change in established habits with a greener perspective.

 

In Italy a digital company car-pooling service provides and encourages an alternative sustainable solution for employees’ home/work journeys by sharing the use of private cars. The system, also by means of a software application for smartphones or tablets, makes it easy to for employees to get in touch with each other, certify the results in terms of energy and environmental savings and access a reward system that encourages participation in the initiative and helps to change established habits. In parallel, an option has been implemented in the same digital system to certify home/work journeys by bicycle and on foot, and here too access a reward system. Restrictions to contain the spread of COVID-19 have led to a temporary suspension of the car-pooling digital service.

 

For business trips, the company policy promotes the use of public transport whenever possible and does not involve excessive travel difficulties, thus limiting the use of cars. With a view to reducing the travel of employees for work, we are also investing in increasingly high-performance technologies that have improved the use and use of video and teleconferencing.

Employees can apply for full or partial reimbursement of their season ticket for urban public transport or train travel, for themselves and/or for their tax-dependent family members through the Welfare Portal.

 

In terms of sustainable mobility, the installation of electric charging points has been completed at all Italian production plants.

In 2021, as in the previous year, business travel was limited due to the pandemic, albeit with an increase compared to 2020.

Greenhouse gas emissions

We are committed to measuring and monitoring the greenhouse gas (GHG) emissions related to our activities in order to verify the effectiveness of the mitigation strategies implemented by the Group and to demonstrate our commitment in the fight against climate change.
 
In 2021, our total greenhouse gas (GHG) footprint from direct emissions from sources owned by or under the control of the Group (Scope 1), indirect emissions from electricity consumption (Scope 2) and other indirect emission (Scope 3) amounted to almost 1,250,000 tonnes of carbon dioxide equivalent (tCO2e).

In line with our aim to play a leading role in the decarbonisation of the shipping industry, during 2022 we expanded our Scope 3 emissions reporting to include CO2 emissions from “Employee Commuting” and “Use of Sold Products”, as required by the Greenhouse Gas Protocol reporting standard. The reporting of these new categories is limited to 2021 and contributes to increasing the Group's total emissions up to a total of 21,585,746 tCO2e.

SCOPE OF EMISSIONS [TONS OF CO2e] 2020 2021 VAR 2021/2020
SCOPE 1* 82,931 116,638 41%
SCOPE 2 19,995 24,357 22%
Electric energy (Location-Based) 90,302 108,524 20%
Electric energy (Market-Based) 19,995 24,357 22%
SCOPE 3** 803,069 1,113,035 39%
Purchased goods and services 687,671 950,935 38%
Capital goods 80,727 108,031 34%
Fuel- and energy-related activities (not included in scope 1 or scope 2) 19,733 31,313 59%
Upstream transportation and distribution 7,955 9,733 22%
Waste 3,823 4,912 28%
Employee commuting*** - 4,447 -
Business travel 2,215 3,211 45%
Other (water withdrawal) 945 453 -52%
TOTAL SCOPE 1+2+3 (EXCLUDING «USE OF SOLD PRODUCTS») 905,995 1,254,031 38%
Use of sold products**** - 20,331,715 -
TOTAL SCOPE 1+2+3 905,995 21,585,746 -

 

The data refer to the entire Fincantieri Group.
*The 2020 Scope 1 data have been revised following the revision of the of the acetylene emission factor.
** The 2020 Scope 3 data have been revised following the expansion of the reporting of the VARD group’s ferrous category and the integration of the new GHG Protocol categories reported (Capital goods and Fuel and Energy Activities) and the updating of the emission coefficients for technical gases (carbon dioxide, argon, nitrogen and oxygen) as well as for paints and waste.
*** The «Employee Commuting» data are referred to Fincantieri S.p.A. employees
**** The data refer to the 16 ships delivered in 2021 by Fincantieri S.p.A. and VARD.The total expected CO2 emissions over the course of the average life cycle of these products (between 25 and 30 years) have been estimated at around 20 million tCO2e. This translates in an annual average intensive value of 1.18 tCO2e per ton of tonnage. For the purpose of this calculation, the operating conditions of the ships were considered for the entire product life. The data does not reflect the gradual introduction of decarbonisation measures in navigation, such as sustainable fuels and hydrogen. Details on the methodology for calculating emissions from 'Use of Products Sold' can be found in the Fincantieri Group's GHG Statement 2021.

 

The increase in GHG emissions recorded in 2021, compared to 2020, is mainly due to the resumption of production activities following the slowdown in 2020 due to the COVID-19 pandemic, new order intake and the inclusion of new companies acquired during the year.

Other emissions of polluting gases

We also monitor and report on other emissions of polluting gases. The conversion of most of the heating networks in the Italian shipyards has involved the elimination of heavy combustibles and the introduction of methane systems, resulting in negligible sulphur oxide (SOx) emissions.

 

With a view to continuous improvement, the VARD group continues to research new approaches to contain and minimize the impact of emissions resulting from industrial activities. The group's commitment is also demonstrated by its participation, since 2008, in the Confederation of Norwegian Enterprises' NOx-Fund, whose primary objective is to reduce emissions of NOx.

 

Fincantieri's production sites are individually subject to environmental permits that prescribe specific limits on the maximum consumption and total emissions of volatile organic compounds (VOCs) into the atmosphere. Compliance with these limits is pursued, even when production volumes are increasing, by planning a gradual replacement of the products used with alternatives with a lower solvent content and by adopting appropriate system measures to reduce emissions. The areas dedicated to sandblasting and painting activities are equipped with abatement equipment, most of them with a post-combustion system that eliminates VOCs released during processing.

Environmental investments

In 2021, we invested 10.1 million euros in environmental protection.

 

In particular, the Parent Company has consolidated its commitment to implementing initiatives aimed at continuous improvement regarding the impact on all environmental compartments. The main ones regarded:

 

  • the systems for collecting, conveying and treating rainwater;
  • the noise containment measures related to production;
  • the extraction and treatment systems for welding fumes;
  • the sandblasting and painting activities.

€ 10.1 mln

For environmental protection

WHICH OBJECTIVES DO WE HAVE ON THIS TOPIC?

GOVERNANCE AND BUSINESS INTEGRITY: 2018-2022 SUSTAINABILITY PLAN OBJECTIVES AND TARGETS

Commitment Objectives Description/ Target Benefits Status Timetable

Increasingly sustainable and responsible corporate performance, creating the conditions for development that ensures the needs and expectations of all stakeholders are met

Preparation of guidelines to assess the opportunity to make investments in accordance with sustainability principles

Identify the principles to be used in the assessment process of the investment opportunity (e.g. purchase / construction of new plant, machinery and/or equipment, asset disposal) in order to consider both the economic and financial aspects as well as the Environmental, Social and Governance (ESG) issues

 

Draft guidelines to assess the investments in terms of sustainability for Fincantieri S.p.A.

• Reduce exposure to ESG risks and seize opportunities to reduce the impacts of not taking into account direct / indirect costs

• Generate greater value for the investor and the Company as a whole through a sustainable investment strategy geared towards the medium-long term

Achieved

 

In 2021, a Guideline was issued for Fincantieri S.p.A. to evaluate investments according to sustainability principles. The sustainability assessment will be carried out through the use of a specific score-card that measures more than 20 ESG parameters.

2021

related topics

Environmental responsibility

Environmental policy and management

Biodiversity

Business Ethics