News

Dear stakeholders,

We are living in a pivotal moment that imposes on companies ever higher levels of responsibility in connection with the environment, society and people. Within this context, Galletti S.p.A. - with over 100 years of history - aims to strengthen its strategy for sustainability in order consciously to address global challenges and actively contribute to the development of a more resilient and inclusive economy.

Our short-, medium- and long-term vision for managing impacts on the economy, the environment and people is based on a clear principle: efficiency is no longer just a competitive lever, but a duty to the system within which we operate. We are continuing to improve the energy efficiency of our solutions - fan coils, heat pumps and chillers - by reducing consumption and direct emissions. We are progressively introducing low-GWP refrigerants and expanding the offering of reversible solutions, integrated with intelligent control and remote management systems. Looking at the long term, the goal is to realise an industrial model that is fully regenerative, capable of drastically reducing climate impact and respecting human rights throughout the supply chain.

Our purpose, strategy and business model reflect a deep-seated desire: to design technologies that do not just 'do less harm', but rather, that generate positive value for people and the environment. Design, which we are devoting increasing investment to, represents the convergence of aesthetics, innovation and efficiency. Using certified materials, optimising product life cycles, reducing production waste and containing consumption during end use are now an integral part of our operating model. No less important is the central role played by people: we are strengthening mechanisms to prevent negative impacts on human rights, by promoting safe, inclusive working environments that respect the dignity of all employees and partners.

Our short- and medium-term strategic priorities, in order to make a tangible contribution to sustainable development, are shaped to align with the United Nation’s Sustainable Development Goals, in particular SDG 7 (affordable and clean energy), SDG 9 (industry, innovation, technology and infrastructure), SDG 12 (responsible consumption and production) and SDG 13 (climate action). In the next three years, we aim to complete the transition to natural refrigerants such as R290, increase the average efficiency of the product portfolio by at least 20 per cent, initiate internal ESG training for all company levels, and strengthen due diligence on critical suppliers.

The global context in which we operate is marked by strong transformative pressures. Macroeconomic trends (energy transition, geopolitical crises, rising raw material costs), social trends (ageing population, demand for sustainable comfort, increasing focus on equity, diversity and inclusion), regulatory trends (F-Gas, Corporate Sustainability Reporting Directive) and technological trends (digitisation and building automation) are all profoundly influencing our strategy. The company has chosen to approach these transitions as levers of innovation, anticipating the demands of the market and institutions, without waiting for them to become mandatory requirements.

During the year covered by this report, we took important steps on our path towards sustainability, achieving tangible results both environmentally and organisationally. We brought to market the new PLP line with natural refrigerant R290, designed to guarantee maximum efficiency even at low outside temperatures, and completed the modernisation of the production lines to enable the safe handling of flammable gases, in accordance with the highest standards of safety.

At the same time, we launched a structured Scope 1 and 2 emission measurement plan, as a first step towards a comprehensive inventory of our climate-altering emissions. Also in connection with the environment, we implemented systems for recirculating and reusing water in chiller testing, reducing the water impact of the production process, and we issued the first two Environmental Product Declarations (EPD) in accord with the ISO 14025 standard, confirming our commitment to environmental transparency.

On the organisational front, we strengthened internal policies on occupational safety and well-being, formalised a Data Security Management Policy, and drafted a Disaster Recovery Plan in order to increase operational resilience. Finally, we completed and approved our first Sustainability Strategic Plan; this will guide actions in the coming years in an integrated and systemic manner.

Looking ahead, our priorities are defined and challenging. In the coming year, we are committed to:
• completing the conversion of production lines to the exclusive use of natural refrigerants;
• initiating the upgrading of the most energy-intensive facilities, replacing them with lowenergy technologies;
• obtaining UNI/PdR 125:2022 certification on gender equality;
• developing a Company Carbon Footprint Study, including certification of Scope 1, 2 and 3 emissions, in accordance with UNI EN ISO 14064:2019 standard or the GHG Protocol;
• implementing LED relamping for industrial lighting;
• replacing existing boilers with high-efficiency heat pumps, with a view to decarbonising buildings;
• and finally, enlarging our solar photovoltaic park with the installation of an additional 600 kWp, which will be added to the 1,000 kWp already in operation. This investment - a 60% increase - will allow us to cover our full annual electricity needs, and represents a major step towards carbon neutrality.

We are convinced that sustainability is not an option, but a responsibility that we must assume every day, consistently and transparently. We thank all the people who work with and for Galletti for their constant commitment. We are driven to improve and build, together with you stakeholders, a fairer and more sustainable future, and we value open dialogue as the means to this end.

With kindest regards,

Michele Galletti
Chief Executive Officer
Galletti S.p.A.