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Torneria Nicoletti Srl's Climate Report

Submitted on 2026-07-02
| Edited on 2026-07-02

Introduction *

Commitment and Targets *

Own Emissions *

Value Chain Emissions *

(optional)

Climate Solutions *

(optional)

Governance, Strategy and Climate Risk *

(optional)

Results, Challenges and Outlook *

Version 3.0

Introduction *

1.1 End day of the reporting period

*
2024-12-31

1.1.1 Reporting year

*
2024

1.2 Describe your business activities

*
Torneria Nicoletti is a company specialising in high-precision mechanical processing, with consolidated expertise in the turning and milling of metal components for the main industrial sectors. Thanks to an advanced machine park and structured production processes, it is able to guarantee reliable and repeatable solutions, from small to large series, with high quality standards and dedicated metrological controls.

1.4 Number of employees on the end day of the reporting period

*
126

1.4.1 Full-time equivalent (FTE) or headcounts

*
Headcounts

1.5 Is this report being submitted on behalf of a parent company or a subsidiary? If so, please briefly explain the relationship.

*
Not applicable

Commitment and Targets *

2.1 Net zero target year

*
2050

2.1.1 Base year

*
2024

2.1.2 Base year value

*
8776,186

2.2 Near-term target

*

15% of intensity scope 1 emission reduction from my base year by 2027

100 of intensity scope 2 emission reduction from my base year by 2027

2.3 Provide any additional comments or context on your net zero and near term targets.

*
Reducing Scope 1 emissions by 15% compared to 2024 values.
 Maintaining zero market-based Scope 2 emissions through exclusive use of renewable energy and evaluating the expansion of photovoltaic capacity.

2.4 To reduce emissions in line with my commitment, my company has a climate action plan and is taking action

*
Yes, the plan and action include scope 1+2

Own Emissions *

Energy consumption

3.2 Total energy consumption

*
3619400 kWh

3.3 Total renewable energy consumption

*
3220100 kWh

Scope 1 emissions

3.4 Scope 1 emissions

*
95 metric tons CO2e

Scope 2 emissions

3.5 Location-based scope 2 emissions

*
760 metric tons CO2e

3.6 Market-based scope 2 emissions

*
0 metric tons CO2e

3.7 Have you taken any actions to reduce scope 1+2 emissions in the reporting period?

*
Yes

3.7.1 What actions have you taken to reduce scope 1+2 emissions in the reporting period

*

Climate strategy and planning,Switch to renewable electricity,On-site low-carbon/renewable energy generation,Energy efficient buildings and offices,Energy efficient production processes

3.8 Which tools or methods did you use to calculate your scope 1+2 emissions?

*

Other (please specify)

3.8.1 Specify any additional details

*
Data collection and GHG emission calculations were developed according to the approaches contained in the technical reference standard: - UNI EN ISO 14064-1:2019; - Greenhouse gases – Part 1: Specifications and guidance, at the organisational level, for the quantification and reporting of greenhouse gas emissions and removals.

Value Chain Emissions (optional) *

Scope 3 emissions

4.1 Have you measured any of your scope 3 emissions?

*
Yes

Supply chain related - upstream emissions

Customer related - downstream emissions

4.2 Have you taken any actions to reduce scope 3 emissions in the reporting period?

*
No

4.3 Have you asked any of your suppliers to set a net zero target (either voluntarily or as a requirement)?

*
No

4.4 Have you communicated your commitment and actions to any of your customers?

*
Yes

4.5 Which tools or methods did you use to calculate your scope 3 emissions?

*

Scope 3 Specific Calculator

4.5.1 Specify additional details

*
The elaboration is developed in accordance with the UNI EN ISO 14064-1 standard and GHG Protocol.

Climate Solutions (optional) *

5.1 Do any of your existing products and/or services qualify as climate solutions or enabling solutions?

*

No

Governance, Strategy and Climate Risk (optional) *

6.1 What governance processes do you have in place for your climate strategy? Choose as many as are applicable.

*

Governance process in place

6.1.3 Please describe the governance process in place

*
Torneria Nicoletti's climate governance is embedded within its Integrated Management System (IMS), certified under ISO 14001:2015 by DNV-GL. The IMS defines roles, responsibilities and processes for identifying, monitoring and managing environmental and climate-related risks and opportunities. Environmental performance — including energy consumption, GHG emissions and waste management — is reviewed periodically through Management Review meetings, which include top management. Climate risks and opportunities have been formally assessed through a Double Materiality Analysis (Rev. 1, June 2026), conducted in accordance with EFRAG Implementation Guidance IG 1. The results are integrated into the company's ESG strategy and operational planning. The company's first VSME Sustainability Report (2025), aligned with EFRAG VSME standards, formalises this governance framework.

6.2 Have you started to identify and assess your companies climate risks and opportunities?

*
Yes - we have identified both climate risks and opportunities

6.2.1 Where are the climate risks you've identified?

*
Both operations and value chains

6.2.2 How are you managing these climate risks? Choose as many as are applicable.

*

We\'ve started to prioritise climate risks,We\'ve mapped the impact of our climate risks over time (short, medium and long term horizons),We\'ve Identified plans for adaptation to mitigate these risks,We\'ve Integrated these adaptation plans into business practices

6.2.3 Provide any additional comments or context on your climate risks:

*
Torneria Nicoletti has identified and prioritised climate-related risks across physical and transition categories, as documented in our ESG Double Materiality Analysis (Rev. 1, June 2026). Physical risks (extreme weather events, flooding, heatwaves) and transition risks (CBAM 2026 requirements, carbon pricing, customer ESG requirements) have been assessed over short, medium and long-term horizons, with IRO scores reaching 14.67/16 for both categories. Adaptation plans are integrated into our business practices: we have transitioned to 100% renewable electricity, operate a 227.25 kWp on-site photovoltaic system. Our environmental management is certified under ISO 14001:2015 (DNV-GL). A formal climate transition plan is currently under development.

6.3 Have you integrated climate and/or nature into your company mission statement or shareholder agreements? If yes, describe how.

*

Yes

Torneria Nicoletti's commitment to environmental sustainability is embedded in its Integrated Management System, certified under ISO 14001:2015 (DNV-GL). The company's mission explicitly includes the pursuit of low environmental impact alongside quality and safety. This commitment is further reflected in the adoption of the Organisational Model pursuant to Italian Legislative Decree 231/2001, which incorporates environmental responsibility as a core governance principle. The company uses 100% renewable electricity, operates a 227.25 kWp photovoltaic system, and has formally initiated an ESG Double Materiality Analysis aligned with EFRAG VSME and ESRS standards.

6.4 Have you taken actions this year outside of your emissions to accelerate climate progress?

*

Yes

In 2025, Torneria Nicoletti has taken several actions outside of direct emissions management to accelerate climate progress: Sustainable certifications: the company maintains ISO 14001:2015 environmental management certification (DNV-GL), demonstrating a structured commitment to environmental governance beyond emissions tracking. ESG rating and transparency: Torneria Nicoletti holds an EcoVadis Bronze Medal and actively participates in ESG assessments requested by customers and financial partners. In 2025, the company completed its first formal ESG Double Materiality Analysis (EFRAG IG 1) and produced its first Sustainability Report aligned with the EFRAG VSME standard. Supply chain engagement: the company has initiated Scope 3 GHG mapping and is developing an ESG supplier qualification process (planned for 2027) to extend climate accountability across its value chain.

Results, Challenges and Outlook *

7.1 Provide any additional comments or context on your annual results and progress from previous years.

*
In 2024, Torneria Nicoletti S.r.l. generated total emissions of 8.776,186 tCO₂e (with Scope 2 reported in the overall summary according to the Location-Based approach). The analysis shows an emissions profile heavily concentrated in indirect Scope 3 emissions, with a particularly significant contribution from Category 4 – Indirect emissions from products used, which accounts for 6.797,085 tCO₂e, equal to 77,45% of the total. Within this category, the dominant component is subcategory 4a (products and materials used), amounting to 5.895,039 tCO₂e and representing the main emissions hotspot of the inventory, consistently with the production- and material-intensive nature of the company’s business. Also relevant, although on a smaller scale, are the emissions associated with outsourced processing and transport activities (upstream/downstream), which contribute significantly to the overall Scope 3 profile. Direct emissions (Scope 1) are instead marginal (95,584 tCO₂e; 1,09% of the total) and consistent with a production model based on mechanical processing, with no significant process emissions and no contribution from fugitive emissions. As regards purchased electricity, Scope 2 is relevant under the Location-Based approach (760,563 tCO₂e; 8,67% of the total), while it is reduced to zero under the Market-Based approach thanks to the coverage of consumption through Guarantees of Origin (GOs). This confirms an electricity procurement strategy already oriented toward reducing climate impact, while future improvement efforts should focus primarily on reducing absolute consumption and improving energy efficiency. For some Scope 3 categories, the modelling of the inventory required the use of methodological assumptions, average factors and, where necessary, spend-based approaches, particularly in the absence of complete primary data or product-specific factors. These choices are consistent with the adopted standards, but they introduce a level of uncertainty that can be progressively reduced through improvements in data quality and granularity. From this perspective, the key improvement priorities for future reporting include: • strengthening data collection on raw materials, semi-finished products, and outsourced processing activities (quantities, types, specific factors); • progressively increasing the use of primary data and EPDs along the supply chain; • consolidating the monitoring of logistics distances and transport mileage; • continuing energy-efficiency actions and the reduction of electricity and thermal energy consumption. Overall, the 2024 inventory provides a solid methodological basis for guiding the company’s decarbonization strategies, highlighting that the main reduction levers are located upstream of production, within the material supply chain and logistics, rather than in direct on-site emissions.

7.2 Do you face any key challenges in reducing emissions?

*

Reducing scope 1+2 emissions,Reducing scope 3 emissions,Inaccurate or insufficient data,Low return on investment

7.3 Has there been any third party validation of the data submitted in this report?

*

No

-

Torneria Nicoletti Srl's Climate Report

Torneria Nicoletti Srl's Climate Report - 2024

Introduction *

1.1 End day of the reporting period

*
2024-12-31

1.1.1 Reporting year

*
2024

1.2 Describe your business activities

*
Torneria Nicoletti is a company specialising in high-precision mechanical processing, with consolidated expertise in the turning and milling of metal components for the main industrial sectors. Thanks to an advanced machine park and structured production processes, it is able to guarantee reliable and repeatable solutions, from small to large series, with high quality standards and dedicated metrological controls.

1.4 Number of employees on the end day of the reporting period

*
126

1.4.1 Full-time equivalent (FTE) or headcounts

*
Headcounts

1.5 Is this report being submitted on behalf of a parent company or a subsidiary? If so, please briefly explain the relationship.

*
Not applicable

Commitment and Targets *

2.1 Net zero target year

*
2050

2.1.1 Base year

*
2024

2.1.2 Base year value

*
8776,186

2.2 Near-term target

*

15% of intensity scope 1 emission reduction from my base year by 2027

100 of intensity scope 2 emission reduction from my base year by 2027

2.3 Provide any additional comments or context on your net zero and near term targets.

*
Reducing Scope 1 emissions by 15% compared to 2024 values.
 Maintaining zero market-based Scope 2 emissions through exclusive use of renewable energy and evaluating the expansion of photovoltaic capacity.

2.4 To reduce emissions in line with my commitment, my company has a climate action plan and is taking action

*
Yes, the plan and action include scope 1+2

Own Emissions *

Energy consumption

3.2 Total energy consumption

*
3619400 kWh

3.3 Total renewable energy consumption

*
3220100 kWh

Scope 1 emissions

3.4 Scope 1 emissions

*
95 metric tons CO2e

Scope 2 emissions

3.5 Location-based scope 2 emissions

*
760 metric tons CO2e

3.6 Market-based scope 2 emissions

*
0 metric tons CO2e

3.7 Have you taken any actions to reduce scope 1+2 emissions in the reporting period?

*
Yes

3.7.1 What actions have you taken to reduce scope 1+2 emissions in the reporting period

*

Climate strategy and planning,Switch to renewable electricity,On-site low-carbon/renewable energy generation,Energy efficient buildings and offices,Energy efficient production processes

3.8 Which tools or methods did you use to calculate your scope 1+2 emissions?

*

Other (please specify)

3.8.1 Specify any additional details

*
Data collection and GHG emission calculations were developed according to the approaches contained in the technical reference standard: - UNI EN ISO 14064-1:2019; - Greenhouse gases – Part 1: Specifications and guidance, at the organisational level, for the quantification and reporting of greenhouse gas emissions and removals.

Value Chain Emissions (optional) *

Scope 3 emissions

4.1 Have you measured any of your scope 3 emissions?

*
Yes

Supply chain related - upstream emissions

Customer related - downstream emissions

4.2 Have you taken any actions to reduce scope 3 emissions in the reporting period?

*
No

4.3 Have you asked any of your suppliers to set a net zero target (either voluntarily or as a requirement)?

*
No

4.4 Have you communicated your commitment and actions to any of your customers?

*
Yes

4.5 Which tools or methods did you use to calculate your scope 3 emissions?

*

Scope 3 Specific Calculator

4.5.1 Specify additional details

*
The elaboration is developed in accordance with the UNI EN ISO 14064-1 standard and GHG Protocol.

Climate Solutions (optional) *

5.1 Do any of your existing products and/or services qualify as climate solutions or enabling solutions?

*

No

Governance, Strategy and Climate Risk (optional) *

6.1 What governance processes do you have in place for your climate strategy? Choose as many as are applicable.

*

Governance process in place

6.1.3 Please describe the governance process in place

*
Torneria Nicoletti's climate governance is embedded within its Integrated Management System (IMS), certified under ISO 14001:2015 by DNV-GL. The IMS defines roles, responsibilities and processes for identifying, monitoring and managing environmental and climate-related risks and opportunities. Environmental performance — including energy consumption, GHG emissions and waste management — is reviewed periodically through Management Review meetings, which include top management. Climate risks and opportunities have been formally assessed through a Double Materiality Analysis (Rev. 1, June 2026), conducted in accordance with EFRAG Implementation Guidance IG 1. The results are integrated into the company's ESG strategy and operational planning. The company's first VSME Sustainability Report (2025), aligned with EFRAG VSME standards, formalises this governance framework.

6.2 Have you started to identify and assess your companies climate risks and opportunities?

*
Yes - we have identified both climate risks and opportunities

6.2.1 Where are the climate risks you've identified?

*
Both operations and value chains

6.2.2 How are you managing these climate risks? Choose as many as are applicable.

*

We\'ve started to prioritise climate risks,We\'ve mapped the impact of our climate risks over time (short, medium and long term horizons),We\'ve Identified plans for adaptation to mitigate these risks,We\'ve Integrated these adaptation plans into business practices

6.2.3 Provide any additional comments or context on your climate risks:

*
Torneria Nicoletti has identified and prioritised climate-related risks across physical and transition categories, as documented in our ESG Double Materiality Analysis (Rev. 1, June 2026). Physical risks (extreme weather events, flooding, heatwaves) and transition risks (CBAM 2026 requirements, carbon pricing, customer ESG requirements) have been assessed over short, medium and long-term horizons, with IRO scores reaching 14.67/16 for both categories. Adaptation plans are integrated into our business practices: we have transitioned to 100% renewable electricity, operate a 227.25 kWp on-site photovoltaic system. Our environmental management is certified under ISO 14001:2015 (DNV-GL). A formal climate transition plan is currently under development.

6.3 Have you integrated climate and/or nature into your company mission statement or shareholder agreements? If yes, describe how.

*

Yes

Torneria Nicoletti's commitment to environmental sustainability is embedded in its Integrated Management System, certified under ISO 14001:2015 (DNV-GL). The company's mission explicitly includes the pursuit of low environmental impact alongside quality and safety. This commitment is further reflected in the adoption of the Organisational Model pursuant to Italian Legislative Decree 231/2001, which incorporates environmental responsibility as a core governance principle. The company uses 100% renewable electricity, operates a 227.25 kWp photovoltaic system, and has formally initiated an ESG Double Materiality Analysis aligned with EFRAG VSME and ESRS standards.

6.4 Have you taken actions this year outside of your emissions to accelerate climate progress?

*

Yes

In 2025, Torneria Nicoletti has taken several actions outside of direct emissions management to accelerate climate progress: Sustainable certifications: the company maintains ISO 14001:2015 environmental management certification (DNV-GL), demonstrating a structured commitment to environmental governance beyond emissions tracking. ESG rating and transparency: Torneria Nicoletti holds an EcoVadis Bronze Medal and actively participates in ESG assessments requested by customers and financial partners. In 2025, the company completed its first formal ESG Double Materiality Analysis (EFRAG IG 1) and produced its first Sustainability Report aligned with the EFRAG VSME standard. Supply chain engagement: the company has initiated Scope 3 GHG mapping and is developing an ESG supplier qualification process (planned for 2027) to extend climate accountability across its value chain.

Results, Challenges and Outlook *

7.1 Provide any additional comments or context on your annual results and progress from previous years.

*
In 2024, Torneria Nicoletti S.r.l. generated total emissions of 8.776,186 tCO₂e (with Scope 2 reported in the overall summary according to the Location-Based approach). The analysis shows an emissions profile heavily concentrated in indirect Scope 3 emissions, with a particularly significant contribution from Category 4 – Indirect emissions from products used, which accounts for 6.797,085 tCO₂e, equal to 77,45% of the total. Within this category, the dominant component is subcategory 4a (products and materials used), amounting to 5.895,039 tCO₂e and representing the main emissions hotspot of the inventory, consistently with the production- and material-intensive nature of the company’s business. Also relevant, although on a smaller scale, are the emissions associated with outsourced processing and transport activities (upstream/downstream), which contribute significantly to the overall Scope 3 profile. Direct emissions (Scope 1) are instead marginal (95,584 tCO₂e; 1,09% of the total) and consistent with a production model based on mechanical processing, with no significant process emissions and no contribution from fugitive emissions. As regards purchased electricity, Scope 2 is relevant under the Location-Based approach (760,563 tCO₂e; 8,67% of the total), while it is reduced to zero under the Market-Based approach thanks to the coverage of consumption through Guarantees of Origin (GOs). This confirms an electricity procurement strategy already oriented toward reducing climate impact, while future improvement efforts should focus primarily on reducing absolute consumption and improving energy efficiency. For some Scope 3 categories, the modelling of the inventory required the use of methodological assumptions, average factors and, where necessary, spend-based approaches, particularly in the absence of complete primary data or product-specific factors. These choices are consistent with the adopted standards, but they introduce a level of uncertainty that can be progressively reduced through improvements in data quality and granularity. From this perspective, the key improvement priorities for future reporting include: • strengthening data collection on raw materials, semi-finished products, and outsourced processing activities (quantities, types, specific factors); • progressively increasing the use of primary data and EPDs along the supply chain; • consolidating the monitoring of logistics distances and transport mileage; • continuing energy-efficiency actions and the reduction of electricity and thermal energy consumption. Overall, the 2024 inventory provides a solid methodological basis for guiding the company’s decarbonization strategies, highlighting that the main reduction levers are located upstream of production, within the material supply chain and logistics, rather than in direct on-site emissions.

7.2 Do you face any key challenges in reducing emissions?

*

Reducing scope 1+2 emissions,Reducing scope 3 emissions,Inaccurate or insufficient data,Low return on investment

7.3 Has there been any third party validation of the data submitted in this report?

*

No

-
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