ENERGY MANAGEMENT

The energy consumption is related to production, to the air-conditioning of rooms, and the use of fuel for Company vehicles.

In keeping with the Integrated Policy, the Company is committed to a path of continuous improvement in energy efficiency performance in process implementation and product manufacturing. Energy performance is monitored continuously with data collected at the individual production unit level and then aggregated to support decision making. A digital dashboard shows the status of consumption in real time, spotlighting deviations from baseline consumption and the causes of deviations.

In 2022 the total energy consumption was 356,271 GJ, of which 18% came from renewable sources thanks to the production and self-consumption of electricity from photovoltaic equipment and the purchase of Guarantees of Origin certifying the renewable origin of energy production sources. As a result of Walterscheid's integration, new energy carriers such as propane, methanol, and district heating were added to the reporting scope.

A - For details of internal consumption by geographical area see Appendix | Energy management B - The monitoring boundary was expanded to include the sites of Comer Industries do Brasil Ltda and Comer Industries UK Ltd.

In 2022, the energy consumption deriving from the use of fuels represented 46% of the total energy consumed, in line with the previous year's value. Specifically, the largest contribution is represented by the use of natural gas, which accounts for 93% of all fuels and is used both for air conditioning and for production operations such as painting and heat treatment. However, on a like-for-like basis compared to 2021, there was a decrease in gas consumption of more than 10 thousand GJ mainly due to changes in climatic factors.

With regard to electricity consumption, FY2022 recorded a 34% share of electricity from renewable sources, a slight increase (+6%) compared to FY2021. A part equal to 5% comes from the self-generation of energy, from the five photovoltaic plants installed in the Italian sites of Reggiolo and Matera, which produce a total of 2,172 kWp. On a like-for-like basis compared to 2021, while registering an increase in absolute value related to increases in production volumes, note that more than 80% of electricity was reported to come from renewable sources. Similar to what the Matera plant achieved in the previous fiscal year, in 2022 the Reggiolo and Pegognaga sites also met their entire electricity needs through the use of renewable sources