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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.
 
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*

  2017  2018  2019
Consumption of fuel from non-renewable sources (GJ)  2,816,874  1,963,646  2,144,522
Of which:   
LPG (GJ)  35,056 31,381 32,033
Diesel (GJ)  846,051 807,178 857,792
Natural gas (GJ)  657,874 624,541 640,97
Jet fuel (GJ)  1,104,614 343,341 403,77
Petrol (GJ) 173,279 157,205 209,956
Consumption of energy from non-renewable sources (GJ) 106,337 93,603 84,183
Of which:   
Thermal energy (district heating) (GJ) 22,96 20,862 23,122
Electricity supplied by the National Grid (GJ) 83,377 72,741 61,061
Consumption of energy from renewable sources (GJ) 1,812,423 1,742,370 1,697,666
Of which:   
Self-produced photovoltaic electricity (GJ)  7,057 5,907 5,521
Certified guarantee of origin electricity (GJ)  1,805,366 1,736,463 1,692,145
Total energy consumption (GJ) 4,735,634 3,799,619 3,926,371
Of which:   
from renewable sources (GJ)  1,812,423 1,742,370 1,697,666
from non-renewable sources (GJ) 2,923,211 2,057,249 2,228,705

* Includes energy consumed by real estate and in road transport logistics and passenger transportation (only for 2017) and airmail. Source of factors used in conversion to GJ: GHG Protocol and DEFRA 2012 Guidelines.


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

  2017 2018 2019
Direct emissions – Scope 1* (tCO2e)  196,573 134,54 145,747
Of which:   
LPG (tCO2e)  2,123 1,914 1,959
Diesel (tCO2e)  59,296 57,154 59,979
Natural gas (tCO2e)  43,582 40,384 41,122
Jet fuel (tCO2e)  80,498 25,02 29,205
Petrol (tCO2e)  11,074 10,068 13,483
Indirect emissions – Scope 2 (tCO2e)**  10,647 9,266 8,176
Of which:   
Thermal energy  2,286 1,972 2,053
Electricity  8,361 7,294 6,123
Direct emissions – Scope 3 (tCO2e)***  156,712 126,44 156,202
Of which:   
Diesel (tCO2e)  117,444 98,808 131,575
LPG - 6.9  6.2
Jet fuel (tCO2e)  39,268 27,626 24,621

* The emission factors used to convert fuels into CO2e are as follows: LPG for 2017 1.50 kg CO2 e/l (source DEFRA 2017), for 2018 1.51 kg CO2 e/l (source
DEFRA 2018) and for 2019 1.52 kg CO2 e/l (source DEFRA 2019). Diesel for 2017 2.60 kg CO2 e/l (source DEFRA 2017), for 2018 2.63 kg CO2 e/l (source
DEFRA 2018) and for 2019 2.69 kg CO2 e/l (source DEFRA 2019). Natural gas for 2017 2.09 kg CO2 e/m3 (source DEFRA 2017), for 2018 2.04 kg CO2 e/m3
(source DEFRA 2018) and for 2019 2.03 kg CO2e/m3 (source DEFRA 2019). Petrol for 2017 2.19 kg CO2 e/l (source DEFRA 2017), for 2018 2.2 kg CO2 e/l
(source DEFRA 2018) and for 2019 2.21 kg CO2 e/l (source DEFRA 2019). The target set for 2019 is 137,900 tCO2 eq.
** 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: 0.361 Kg CO2 e/kWh, source: ISPRA 2017 elaboration). The conversion factors used to convert thermal energy into CO2 e: 0.2 Kg CO2 e/kWh, for 2017,
0.19 Kg CO2 e/kWh and for 2018, 0.18 Kg CO2 e/kWh and for 2019, 0.17 Kg CO2 e/kWh.
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 2017 amount to 191,678 tonnes, in 2018, 183,486 tCO2 e and in 2019 177,855 tCO2 e. The
same emission factors were used as were used for the market-based method. The target set for 2019 is 8,500 tCO2 eq.
*** The emission factors used to convert fuels into CO2 e are as follows: Jet fuel for 2017 2.54 kg CO2 e/l (source DEFRA 2017), for 2018 2.54 kg CO2 e/l (source
DEFRA 2018) and for 2019 2.21 kg CO2 e/l (source DEFRA 2019).


Waste produced by type of method of disposal*

   2017 2018 2019
Total hazardous waste (t)  346.0 1,096.0 240
Of which:   
Recovered (t)  277.7 339.7 151
Sent to landfill (t)  2.5 699.1 36.1
Incinerated (t)  0.4 - -
Other types of disposal (t)  65.4 57.3 52.9
Total non-hazardous waste (t)  25,790.6 27,449.5 28,468.8
Of which:   
Recovered (t)  25,190.1 26,129.2 27,718.9
Sent to landfill (t)  182.5 795.8 626.9
Incinerated (t) - - 1.82
Other types of disposal (t)  418.0 524.6 121.16
Total waste (t)**  26,136.6 28,545.6 28,708.8

* 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.

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