The United Nations Global Compact is the world's largest UN initiative working for sustainable business. Grenevia became an active participant in June 2023.
One of the key elements on which the Grenevia Group bases its business activities is its Sustainability Strategy. Over the next few years, we plan to significantly reduce CO2 and greenhouse gas emissions and change our own energy mix, steadily increasing the share of green energy, and more.
The UN Global Compact (UNGC) is the world's largest initiative bringing together sustainable business. It was established in 2000 by UN Secretary General, Kofi Annan. Since then, it has been initiating and carrying out activities for the environment, human rights, decent and legal labour conditions, and against corruption. Its ranks now include more than 22,000 members from around the world. Central to UNGC's goals is its collaboration with governments, international organisations, companies and institutions, in which it conducts a range of activities, becoming a catalyst for global change in the area of sustainable business.
A key element of Grenevia's business development is the ESG area. This is reflected in the Sustainable Development Strategy presented in January 2023, which defines the company's commitments in this sphere. It is based on five pillars. These are: sustainable business transformation; energy for transformation; cutting-edge products and business models; effective and responsible organisation; employees and society a key component of climate transformation. Their selection follows an in-depth analysis of global megatrends, led by the drive to reduce emissions and use resources responsibly, which are the cornerstones of the energy transition of the global economy.
Grenevia was established to responsibly and actively support the path to a sustainable and low-carbon economy. In this context, joining the United Nations Global Impact Initiative is a natural consequence of the business decisions we have taken.
Tomasz Jankowski, Director of Investor Relations at Grenevia
Grenevia Group's strategy supports the UN Sustainable Development Goals, dedicated to solving global problems. Within its framework, the company has defined 22 projects, the implementation of which is expected to bring tangible and positive effects to the company's business and its environment. The goals defined by Grenevia include:
- Avoiding the emission of up to 2.3 million tonnes of CO2 by 2030, as a result of developing new business segments.
- Reduce greenhouse gas emissions (in Scopes 1 and 2) by 40 percent by 2030, compared to 2021.
- Changing the Group's energy mix - by the end of 2024, approx. 35 percent of the energy used is to come from RES.
- Change in revenue structure. By the end of 2024, about 70 percent of revenues are expected to be unrelated to the thermal coal sector, mainly through the development of new business segments.
- By the end of 2025, relationships with 70 percent of relevant suppliers are to be based on Grenevia's Sustainability Code.
Grenevia's business is focused on building the value of the segments that make up the Group, which support the transformation to a low-carbon economy. These segments include large-scale photovoltaics and PV solutions for business concentrated in Projekt Solartechnik; battery systems, power storage and electromobility, including heavy duty solutions, as part of IMPACT Clean Power Technology; automation equipment for the industry, including solutions for the power distribution industry as Elgór+Hansen. Technologies and products for the mining and wind power sectors implemented within the FAMUR segment.
Grenevia remains an active investor in companies whose products and technologies are transforming industries and economies. We intend to consistently build a strong position in the new, low-carbon technology sector by developing a diversified portfolio of green transition projects.
Agata Maj, ESG sustainability manager for Grenevia.