COINDU | Sustainability Report - 2024

SUSTAINABILITY REPORT 2024 GRI 305-5 REDUCTION OF GHG EMISSIONS AND TARGETS Several GHG emissions reduction initiatives implemented in recent years contribute to the decrease in the emissions intensity indicator presented above. The reductions observed in Scope 1 and Scope 2 emissions per set produced are primarily linked to the acquisition of renewable electricity at the Joane and Arcos plants (Scope 2), as well as the decrease in fuel consumption from the internal vehicle fleet (Scope 1). This latter reduction results from the replacement of diesel and hybrid vehicles with electric vehicles at the Joane plant. As previously referenced in the section on energy consumption reduc- tion, the acquisition of six electric vehicles—four of which replaced internal combustion vehicles—is estimated to have led to a reduction of 125 GJ in annual energy consumption. Applying the 2024 emission factor for the Portuguese electricity sector (44 kgCO 2 /MWh, source: Portuguese Renewable Energy Association (APREN)), this corresponds to an estimated annual reduction of 1,5 tCO 2 e. Regarding Scope 2 emissions, the acquisition of green energy in 2024 is estimated to have avoided approximately 158 tCO 2 e. This figure was calculated by applying the Portuguese electricity mix emission factor (used in the location-based method) to the total electricity con- sumption for that year. In absolute terms, Scope 1 emissions decreased by 25%, while Scope 2 emissions saw a reduction of approximately 62% compared to the base year. COINDU has set a long-term objective of 80% reduction in Scope 1 GHG emissions by 2050, compared to the base year of 2019. This company-wide target considers all three plants and includes 100% of Scope 1 emission sources. The roadmap to achieving this goal focuses primarily on the electrification of the internal vehicle fleet 103