ENVIRONMENT (E)
The Company has decided to take progressive but concrete steps toward the integration of environmental sustainability within its business activity and operations. In 2022, the Company had its Scope 2 and Scope 3 (categories 6 and 7 of the GHG Protocol) emissions calculated, certified and offset by a third-party agent for the first time. This step was a fundamental one in understanding our room for improvement concerning carbon avoidance and reduction measures. Every year, we strive to collect better primary data to determine the footprint of our offices.
We are aware that true, transformative sustainability is not limited to compliance and that offsetting carbon emissions must come after having done everything possible to avoid and reduce emissions. However, the management of the company has deliberated that FEC wanted to start having an impact as soon as possible in its small way. That is why we have offset the total of our estimated Scope 2 and Scope 3 (categories 6 and 7 of the GHG Protocol) emissions for 2022 and 2023.
*Please note that emissions related to the production and use of the products we trade (all Scope 3 categories other than 6 and 7) are NOT currently included in the boundaries of our Scope 3 reporting