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Poste Italiane Group Policy on Environmental Sustainability The commitment of Poste Italiane Group to the environment and climate.

On 28 February 2019, the Board of Directors of Poste Italiane approved the Group’s Environmental Sustainability Policy, which sets out the general principles, objectives and methods for managing the Group's environmental impact and reaffirms Poste Italiane's commitment to promote throughout its value chain, an efficient use of natural resources and a focus on the search for innovative solutions to protect the environment.

The Policy is structured around several Principles that set out the Company’s approach to environmental sustainability. In detail: efficiency in the use of resources, innovation to support a low-carbon economy, prevention and reduction of impact, promotion of environmental culture.
 
Poste Italiane is one of today’s most important companies in the logistics sector in Italy and is a leading player in the financial, insurance and mobile and digital payment sectors. In consideration of its size, the Company is aware that its direction can contribute to determining sustainable growth that also respects the natural environment.
 
The Policy, reinforcing what has already been stated in the Group's Code of Ethics, confirms Poste Italiane's commitment to promoting environmental protection throughout its value chain. Firstly, Poste Italiane commits to preventing, managing and, where possible, reducing the environmental impact generated directly by its operations, in particular, from the use of buildings and from logistics and transport activities, whether carried out directly or through suppliers and partners. Secondly, the Company has also integrated environmental sustainability principles into its investment and insurance activities, encouraging virtuous behaviour throughout Italy.


Internal Group energy consumption*

  2018  2019 2020
Consumption of fuel from non-renewable sources (GJ)  2,034,554 2,180,838 2,417,825
Of which:   
LPG (GJ)  31,381 32,033 28,578
Diesel (GJ)  807,178 857,792 774,974
Natural gas (GJ)** 695,450 677,286 828,820
Jet fuel (GJ)  343,341 403,770 543,464
Petrol (GJ) 157,205 209,956 241,990
Consumption of energy from non-renewable sources (GJ) 93,603 84,183 80,411
Of which:   
Thermal energy (district heating) (GJ) 20,862 23,122 27,164
Electricity supplied by the National Grid (GJ) 72,741 61,061 53,247
Consumption of energy from renewable sources (GJ) 1,742,370 1,697,666 1,536,576
Of which:   
Self-produced photovoltaic electricity (GJ)  5,907 5,521 6,213
Certified guarantee of origin electricity (GJ)  1,736,463 1,692,145 1,530,362
Total energy consumption (GJ) 3,870,527 3,962,688 4,034,811
Of which:   
from renewable sources (GJ)  1,742,370 1,697,666 1,536,576
from non-renewable sources (GJ) 2,128,157 2,265,022 2,498,235

* Includes energy consumed by real estate and in road transport logistics and airmail. Source of factors used in conversion to GJ: GHG Protocol and DEFRA 2020 Guidelines.
** The 2018 and 2019 values have been updated following a refinement of the reporting system. The trend, decreasing in the last two years, shows a slight increase in 2020, partly due to the effects caused by the Covid-19 global health emergency.
 

Total direct GHG emissions (Scope 1); Total indirect GHG emissions (Scope 2); Total other indirect GHG emissions (Scope 3)

  2018 2019 2019
Direct emissions – Scope 1 (tCO2e)* 139,125 148,077 159,308
Of which:   
LPG (tCO2e)  1,914 1,959 1,828
Diesel (tCO2e)  57,154 59,979 55,044
Natural gas (tCO2e)**** 44,968 43,452 46,817
Jet fuel (tCO2e)  25,020 29,205 39,376
Petrol (tCO2e)  10,068 13,483 16,243
Indirect emissions – Scope 2 (tCO2e)**  11,601 10,317 9,257
Of which:   
Thermal energy  1,972 2,053 2,365
Electricity  9,629 8,264 6,892
Direct emissions – Scope 3 (tCO2e)***  126,440 156,202 169,656
Of which:   
Diesel (tCO2e)  98,808 131,575 153,993
Natural Gas - - 4
Petrol - - 2
LPG 6.9 6.2 11.1
Jet fuel (tCO2e)  27,626 24,621 15,646

* The emission factors used to convert fuels into CO2 e are as follows: LPG for 2018 1.51 kg CO2 e/l (source DEFRA 2018), for 2019 1.52 kg CO2 e/l (source DEFRA 2019) and for 2020 1.56 kg CO2 e/l (source DEFRA 2020). Diesel for 2018 2.63 kg CO2 e/l (source DEFRA 2018), for 2019 2.69 kg CO2 e/l (source DEFRA 2019) and for 2020 2.54 kg CO2 e/l (source DEFRA 2020). Natural gas for 2018 2.04 kg CO2 e/m3 (source DEFRA 2018), for 2019 2.03 kg CO2 e/m3 (source DEFRA 2019) and for 2020 2.02 kg CO2 e/m3 (source DEFRA 2020). Petrol for 2018 2.2 kg CO2 e/l (source DEFRA 2018), for 2019 2.21 kg CO2 e/l (source DEFRA 2019) and for 2020 2.17 kg CO2 e/l (source DEFRA 2020). The target set for 2020 is 142,600 tCO2 e.
** Poste Italiane acquires renewable energy guarantee of origin certificates for approximately 95% of its electricity consumption. The GRI Sustainability Reporting Standards envisage two calculation methods for Scope 2 emissions – the location-based method and the market-based method. The market-based method (the method used by Poste Italiane) is based on CO2 emissions emitted by the energy suppliers from which, via a contract, the organisation purchases electricity (in this case renewable energy guarantee of origin certificates), and for the remaining 5%, emission factors from the national electricity grid (emission factor for market-based method calculation: for 2020, 0.466 kg CO2 e/kWh, source: European Residual Mixes 2019, for 2019 0.487 kg CO2 e/kWh, source: European Residual Mixes 2018, for 2018, 0.476 kg CO2 e/kWh, source: European Residual Mixes 2017). Conversion factors used to convert thermal energy into CO2 e: for 2018, 0.18 kg CO2 e/kWh, for 2019, 0.17 kg CO2 e/kWh and for 2020, 0.17 kg CO2 e/kWh. The target set for 2020 is 10,600 tCO2 e. The location-based method, on the other hand, is based on average emission factors for regional, sub-national or national power generation. Applying the location-based method, the Group’s total Scope 2 emissions in 2018 amount to 183,486 tCO2 e, in 2019, 177,855 tCO2 e and in 2020, 150,168 tCO2 e (emission factor for the location-basedmethod calculation: 0.336 kg CO2 e/kWh, source: ISPRA 2020).
*** The emission factors used to convert fuels into CO2 e are as follows: Jet fuel for 2018 2.54 kg CO2 e/l (source DEFRA 2018), for 2019 2.21 kg CO2 e/l (source DEFRA 2019) and for 2020 2.54 kg CO2 e/l (source DEFRA 2020).
**** The 2018 and 2019 values have been updated following a refinement of the reporting system. The trend, decreasing in the last two years, shows a slight increase in 2020, partly due to the effects caused by the Covid-19 global health emergency.

 

Waste generated, Waste recovered, Waste disposed of*

  2018 2019 2020
Waste by tipe (t) Waste generated Waste recovered Waste disposed Waste generated Waste recovered Waste disposed Waste generated Waste recovered Waste disposed(**)
Total waste (t) 28,545.6 26,468.9 2,076.8 28,708.8 27,869.9 838.8 28,583.3 28,081.4 501.9
ofwhich:                  
Paper/cardboard             12,474.2 12,468.8 5.4
Plastic             1,060.2 1,060.2 0
Wood             8,532.3 8,532.3 0
Other              6,516.6 6,020 496.6

* The figures for the quantity of waste produced are given by the companies that provide waste management services.
** The target set for 2020 in relation to waste sent to disposal (landfill, incinerated and other types of disposal) is 1,000 tonnes.

 
  2018 2019 2020
Total weight of hazardous waste recovered (t) On site Off site On site Off site On site Off site
Preparation for reuse         0 0
Recycling         0 267.8
Other recovery operations         0 0
Total         0 267.8
Total hazardous waste recovered​ 339.7 151 267.8
 
  2018 2019 2020
Total weight of non-hazardous waste recovered (t) On site Off site On site Off site On site Off site
Preparation for reuse         0 0
Recycling         0 27,813.6
Other recovery operations         0 0
Total         0 27,813.6
Total weight of non-hazardous waste recovered (t) 26,129.2 27,718.9 27,813.6
 
  2018 2019 2020
Total weight of hazardous waste disposed of (t) On site Off site On site Off site On site Off site
Disposal in landfill         0 0.5
Incinerated         0 0.1
Other types of disposal         0 23.7
Total         0 24.3
Total hazardous waste disposed of 756.4 89 24.3
 
  2018 2019 2020
Total weight of non-hazardous waste disposed of (t) On site Off site On site Off site On site Off site
Disposal in landfill         0 101.9
Incinerated         0 1.8
Other types of disposal         0 373.9
Total         0 477.6
Total non-hazardous waste disposed of 1,320.4 749.88 477.6

* The figures for the quantity of waste produced are provided by the companies that provide waste management services.
** The target set for 2019 in relation to waste sent to landfill, incinerated or subject to other types of disposal is 1,000 tonnes.