FOMAS Group has launched a pathway aimed at integrating the management of environmental impacts into its activities, through the definition of objectives, monitoring tools, and actions aligned with the corporate strategy.
In particular, the Group focuses on:
- measuring the carbon footprint of the Group and its products;
- developing a decarbonization strategy across Scopes 1, 2, and 3;
- analyzing the risks and impacts of climate change on operations.
FOMAS Group integrates a range of practices into its operational activities aimed at managing the most relevant environmental aspects.
Some of these practices call for the use of renewable energy, optimising water consumption, improving plant efficiency, well-structured and responsible waste management, reuse and secondary material projects, as well as integrating sustainable factors into supply chain decisions.
FOMAS Group has developed a structured approach to the management of greenhouse gas emissions, based on the monitoring of energy consumption and the definition of reduction targets relating to direct and indirect Scope 1 and Scope 2 emissions.
FOMAS Group has identified improvement targets related to Scope 1 and Scope 2 greenhouse gas emissions, with reference to the 2022 baseline year and a 2030 time horizon.
The targets form part of an internal action plan and are not currently subject to independent verification. The reporting methods are described in the Group Sustainability Report.
Water consumption represents a relevant factor for the production processes of the FOMAS Group. The Group assesses and manages the use of water resources within its operational activities. Water withdrawal and discharge methods are defined in accordance with the competent authorities and take into account the characteristics of the territories and the local communities concerned.
FOMAS Group adopts a structured approach to waste management, including objectives and actions aimed at reducing disposal to landfill. Operational procedures are defined at site level, in line with the characteristics of the individual plants. The assessment of environmental impacts takes into account the different phases of the life cycle of production processes related to steel processing.
Supplier selection for waste management is carried out through a list of qualified operators; verification of suitability requirements is part of the evaluation process managed by the HSE function.
Pillar-related objectives
The FOMAS Group integrates innovation initiatives into its industrial processes aimed at improving operational efficiency, also through the adoption of Lean Manufacturing practices and advanced digital technologies. The Group has also initiated a process to define targets for reducing key energy consumption and resource use, in line with the operational characteristics of individual production sites.
