SUSTAINABILITY REPORT: STRATEGIC ROLE AND PURPOSE
METHODOLOGICAL NOTE
MATERIALITY ANALYSIS
2024 HIGHLIGHTS & GOALS
SUSTAINABILITY REPORT: STRATEGIC ROLE AND PURPOSE
Sustainability Report is a strategic tool for communication, management and reporting on the economic, environmental, social, and governance (ESG) impacts generated by the company’s activities. Its purpose is to describe and transparently communicate the Voilàp Group’s sustainability strategies, results and objectives to all internal and external stakeholders. The ESG disclosure presented supports the economic and financial data, offering a more in-depth and comprehensive understanding of Voilàp Group’s operations, organisational structure, impacts, corporate value and financial performance. The data shared through the sustainability reporting helps the identification of financial risks and opportunities related to the company’s
impact, value and long-term resilience. Finally, this document represents a first step towards mandatory sustainability reporting in compliance with the Corporate Sustainability Reporting Directive (CSRD).
Sustainability Report has been approved by the Voilàp S.p.A. Board of Directors on 26/05/2025 and subsequently by the Shareholders' Meeting on 27/06/2025.
For other information, refer to the complete Sustainability Report 2024 and website https://www.voilapholding.com/en/home
METHODOLOGICAL NOTE
Reporting standards: the Report is prepared in accordance with the methodologies and principles established by the GRI Sustainability Reporting Standards, defined by the Global Reporting Initiative (GRI Standards) under the “in accordance” option. It also takes into account the requirements of the EcoVadis rating, which the Group aims to achieve within 2025. A summary index (GRI Content Index) is included in the appendix to ensure traceability of the indicators and the qualitative and quantitative information presented.
Reporting period and scope: the reporting period is FY 2024, aligned with the latest Group Consolidated Financial Statement. Comparisons are made with FY 2023 data and, for some environmental and social KPIs, with the 2021 baseline. The reporting scope includes all companies within Voilàp Group as of 31/12/2024, excluding financial holding and real estate companies.
Sources and controls: qualitative and quantitative data come from the corporate ERP system used for data collection and consolidation, certified internal documentation and input from key figures across all Group companies. The reported information has been validated internally by the sustainability team from both a quantitative and methodological perspective.
MATERIALITY ANALYSIS
The materiality analysis is the methodological foundation of the Sustainability Report, in accordance with the GRI 3 requirements. It allows the identification of relevant ESG topics that must be reported for the Group and its stakeholders. The material topics identified through the process are illustrated in the chart below. The appendix to the Sustainability Report includes a correlation table between material topics and the relevant GRI indicators.
The Company is committed to update this analysis annually to ensure increasing stakeholder engagement and capture any new direct or indirect sustainability impacts.
2024 HIGHLIGHTS & GOALS
In 2022, Voilàp Group launched a process to integrate sustainability into its business development plans, considering it a key factor in strengthening competitiveness and resilience, laying the foundation for long-term sustainable growth. The Group’s Sustainability Plan is based on four key pillars:
1. Net Zero Carbon Transition: accelerate the journey towards Carbon Neutrality by transitioning to renewable energy sources, implementing energy efficiency programmes, decarbonising plants and operations and developing a structured, actionable plan to reduce Scope 1, Scope 2 and full value chain (Scope 3) emissions.
2. ESG Supplier Base Evolution: collaborate with the procurement department to foster a stronger sustainability culture throughout the supply chain and engage and evolve the supplier base by integrating ESG criteria into the selection, management and evaluation of products, materials, and suppliers, in order to build a more resilient, lower-impact value chain.
3. Sustainable Product & Customer Engagement: redefine the value proposition and customer experience by integrating sustainability topics into product development and design, with a focus on material consumption and life-cycle impact, reinforcing Voilàp’s distinctive market positioning and reducing the carbon footprint of its products.
4. Voilàp People & Community: integration of sustainability into the corporate values and culture in order to generate shared value for the community, attract and retain talent and ensure a safe environment for our people.
These pillars are supported by two cross-cutting objectives (ESG Data Integration and Management and Technology for Sustainability) to enable transparent and reliable data-driven business decisions and scale sustainability impact through digital technologies.
The following section, for each pillar, illustrates a summary of the key projects, current status and defined targets.
NET ZERO CARBON TRANSITION
Projects SOW - 31.12.2024
Mapping of Scope 1 and Scope 2 emissions and development of a decarbonisation plan
Scope 1 and 2 Emissions –Decarbonisation plan implementation
• Annual measurement of Scope 1 and 2 emissions using the corporate ERP system
• Decarbonisation plan developed for Scope 1 and 2 emissions
• Self-generation of renewable energy
• Conversion of energy contracts for productive companies
• Investments in plant decarbonisation
• Updating of the Group car policy
• Installation of charging stations at selected commercial hubs and adoption of electric or hybrid vehicles
Energy efficiency
Scope 3 emissions
ISO Environmental Management System
Implementation of domotic and live BMS systems at the Limidi, Carpi, Bologna, and Milan plants
Mapping of Scope 3 emissions (baseline 2023)
Launch of the ISO 14001 certification process at the Imecon, elumatec Italia, and Voilàp SpA plants
ESG SUPPLIER BASE EVOLUTION
Projects
Promote sustainability awareness in procurement and among suppliers
Integration of ESG criteria into the supplier evaluation process
ESG assessments of suppliers
• Certified training for procurement staff
• Call-to-action meetings with suppliers
Development of guidelines and a tool for calculating ESG scores and assessing suppliers’ ESG maturity
68% of total spending assessed through 1st round evaluations across all productive company suppliers
• Conversion of energy contracts at commercial hubs
• Gradual replacement of gas systems with heat pumps at the Limidi plant
• Installation of additional charging stations at the Limidi plant
Voilàp People & Community
Outfitting of all production plants in Italy and Germany with Building Management Systems by 2027
• Incorporation of currently missing categories into the calculations
• Integration of Scope 3 emission reduction initiatives into the overall decarbonisation plan
Achievement of ISO 14001 certification for 100% of the production plants in Italy and Germany by 2030
Voilàp People & Community
ESG supplier base evolution
People & Community
• Organisation of Supplier Day focused on sustainability
• Support for strategic suppliers in enhancing ESG performance
Inclusion of ESG scores in the selection process for new suppliers
• Assessment 2025: target of 80% of total spending
• Identification of a technology platform for integrated risk management, including ESG risks
Voilàp People & Community
Net Zero Carbon Transition
Voilàp
Procurement environmental impact reduction (Scope 3)
Supplier Code of Conduct
• Purchasing of certified green steel for Imecon
• Purchasing of certified green aluminium for Emmegi
• Switch to plant-based refrigerant cutting oils
Draft and share Supplier Code of Conduct to align the supply chain with Voilàp's ESG strategy
• Extension of green steel and aluminium procurement initiatives to other Group companies
• Launch of a sustainable packaging project
SUSTAINABLE & CIRCULAR PRODUCT
Projects
Sustainability integration into Voilàp Store
Product Carbon Footprint and EPD
SOW - 31.12.2024
Integration of product and service sustainability features into customer decision-making factors
Product Carbon Footprint – Imecon Totem and Ribbon
Net Zero Carbon Transition
Sustainable & Circular Product
Integration of sustainability into products and services
• Gradual shift to electronic drive systems
• Launch of the Voilàp Connect platform for real-time tracking of machine usage
• Integration of ESG criteria into new product development
• Enhancement of the value proposition through sustainable solutions for customers
• Creation of a competence centre for the recovery and refurbishment of specific machine parts (e.g. electrospindles)
Next steps & targets Linked pillars
• Extension of Product Carbon Footprint assessments to elumatec, Emmegi, and Keraglass machinery
• Development of a strategy to reduce the products' environmental impacts
• Expansion of the Voilàp Connect platform with new features to improve predictive maintenance and environmental impact monitoring
• Measurement and reduction of the products' energy consumption
• Improvement of customer health and safety: safety radar and FSoE protocol 1
Net Zero Carbon Transition
ESG supplier base evolution
Net Zero Carbon Transition
1 A protocol for transmitting safety-critical machine data over standard Ethernet cables. This FSoE (Fail Safe over EtherCAT) protocol simplifies wiring and reduces the risk of errors.
VOILAP PEOPLE & COMMUNITY
Projects SOW - 31.12.2024
Improve the culture of safety
• Achievement of ISO 45001 certification for the Elumatec Italia and Voilàp SpA plants
• General and role-specific training programme for supervisors and managers
• Dissemination of shared rules to ensure workplace safety
• "UniCircular" project
• ScanFit project
People training and development
Voilàp People: D&I
• General ESG training (e-learning and live sessions)
• Specific training (sustainable procurement, decarbonisation, and energy efficiency)
• "Study in Action" e-learning platform
• Establishment of a D&I strategy
• Tracking of gender diversity metrics
• Conduct of awareness initiatives on gender-based violence
Talent attraction and retention
Performance Management and Employee Incentives
• Shadow Board: Voilàb
• Increased collaboration with universities
Next steps & targets Linked
• Achievement of ISO 45001 certification for 100% of the production plants in Italy and Germany by 2030
• Installation of PPE dispensers
• Implementation of the 2021–2025 Emilia-Romagna Regional Prevention Plan (RPP)
• Launch of the new Voilàp Academy
• Green Transition Training
• Increase of the succession plan coverage rate for key roles and activation of professional growth pathways
• Drafting of a Group-wide D&I policy
• Achievement of UNI/PdR 125:2022 certification by the end of 2026
• Increase in the % of women in managerial roles
• Development of policies for international mobility pathways
• Scaling-up of language training courses
Sustainability communication and heightened awareness among employees and stakeholders
Improve IT and cyber risks supervision
• Launch of the new "VIP – Voilàp Important People" HR platform
• "Smart Working" pilot project
• Consolidation of the internal recruitment processes
• Group Remuneration Plan and MBO
• Consolidation and expansion of the performance review processes
• Inclusion of sustainability targets by function in performance dialogue processes by the end of 2026
• Establishment of ESG-related MBO targets for top management by the end of 2027
Commitment to the community and territory
• Creation of Sustainability Champions
• "Voilàp Zone" newsletter across the entire Group
• LinkedIn communication plan to share project updates
• "Sustainability" section on the corporate website
• Voilàp Single Use Plastic Programme
• Vulnerability Assessment and Penetration Testing (VAPT)
• Double-check procedure for suppliers’ IBAN to improve security in administrative processes
• Establishment of a cyber threat detection and response service
• Compliance with the Network Information Security 2 and Cyber Resilience Act regulations
• Voilàp for Dynamo Camp
• Donation of an ambulance to the Red Cross
• Sponsorship of the "Carpi in Science" event
• Issuance of a new Group Code of Ethics
• New corporate app
• New Group Intranet
• Sharing the Sustainability Report with the stakeholders
• Cyber risk training for 100% of employees by the end of 2025
• Full adoption of the OneTrust platform
• Preparation of a disaster recovery programme
• Quarterly assessments to monitor threats
• Urban maintenance projects in the Municipality of Soliera
With these pillars in mind, below are showed the main highlights of our Sustainability Journey as of 31/12/2024, for the 3 E-S-G dimensions:
FINANCIALS
~€347M turnover in 2024
Presence in +60 countries worldwide
12 production facilities
ENVIRONMENTAL
-29% % in Scope 1 and 2 emissions vs baseline
87% of total energy consumptions from renewable sources
+12% in self-generated energy consumptions vs baseline
189 tCO₂eq avoided through the photovoltaic panels in Limidi
SOCIAL
+1600 employees worldwide
1st manufacturing company in Italy to establish a Youth Shadow Board
62% of employees subjected to performance dialogue processes
~18,000h of training delivered
+ 250 employees trained on ESG topics
-8.8% in accidents’ incidence rate
7 out of 10 skybuildings built using our technologies
~€317M in distributed economic value
Scope 3 emissions calculated for the first time
+20 projects launched in the field of sustainable products
75 tonnes of certified green materials purchased
-90% tCO₂eq through totem refurbishment vs full replacement
GOVERNANCE
Supplier Code of Conduct
2 ESG bonds (Green bond and Sustainability linked-bond)
Internal Sustainability Team
2 ESG Steering Committees
Digital platform for ESG KPI management
68% of spending covered by ESG supplier assessment
Voilàp S.p.a. Via Archimede, 10 - 41019 Soliera (MO) - ITALY
voilap-info@voilap.com www.voilap.com