Press & News
Rome, August 1, 2024 – In line with Q8 Group’s long-term strategy of being a reliable and responsible energy player capable of ensuring sustainable and smart mobility, Q8 Italia presents its 2023-2024 Sustainability Report, referring to the fiscal year ending on March 31, 2024. The report outlines initiatives carried out in the ESG (Environmental, Social, Governance) areas, in alignment with the UN's Sustainable Development Goals.
ENVIRONMENTAL
With the goal of minimizing its environmental impact, the company purchased 100% of its electricity from certified renewable sources. Additionally, it reduced its energy consumption by 12.8%, thanks to the use of the best and most innovative technologies, continuing its multi-year trend of emissions reduction. With approximately 90 facilities equipped with electric charging stations on highways and roads, 100,000 charges were completed, totaling around 2 million kWh in the reference year.
The partnership with Open-es, a system initiative that involves all companies in a shared path of improvement and growth in sustainability performance, is strategic for the supply chain.
Between March and June 2024, Q8 completed the acquisition of 50% of Eco Fox S.r.l., a leading operator in the biogenic fuel sector, allowing Q8 to enter the production chain of sustainable liquid biofuels, which already contribute to the decarbonization of the transport sector. The diversification of the energy mix is reflected in Q8's network of over 2,800 stations offering a 'multi-energy' selection: from traditional and high-performance fuels (Q8 Hi Perform Diesel and Q8 Hi Perform 100 Octane) to alternatives such as Q8 HVO+, LPG, liquefied natural gas (LNG), compressed natural gas (CNG), and electric vehicle charging. A network geared towards sustainability, supported by significant investments to implement solutions that reduce emissions and consumption.
SOCIAL
Significant results were achieved in the Social area: Q8 continued to invest in its human capital, the company's true competitive asset, by hiring more than 50 young people with an average age of 28. In addition to consolidated and diversified training courses, around 600 people participated in a 50-hour training program on sustainability and digital transformation.
Q8’s focus on people is demonstrated by the introduction and continuous renewal of welfare and wellbeing policies, which are the cornerstone of the People Care Strategy. These policies are supported by numerous initiatives aimed at overall wellbeing, integrating physical, psychological, social, financial, and work-related aspects. A particularly notable element of this approach is the recent introduction of the Job Sustainable Guide, which contains concrete guiding principles to promote a healthy, pleasant, and inclusive work environment, allowing individuals to express their full potential.
Believing that businesses should play a social and cultural role, Q8 has supported numerous community projects, some of which benefited from employee involvement through corporate volunteering. This has helped create social value and strengthened community relationships.
To independently analyze the social value generated by some of the initiatives, an analysis was conducted by an independent entity using the SROI (Social Return on Investment) methodology and the Theory of Change. It was found that for every euro Q8 invested, more than double the value was generated in social benefits (€1 = €2.39).
GOVERNANCE
In line with the principle of ethical and responsible business, the company has continued to ensure that its structure is adequate to the nature and size of the business, integrating compliance with the adoption of effective policies and procedures, established guidelines, and best practices. This year again, the company has recorded zero cases of corruption, antitrust violations, and breaches of customer privacy.
Additionally, due to its continued commitment to the areas where it operates, the economic value distributed by Q8 in the current year exceeds 15 billion euros, 37% of which was allocated to the Public Administration, largely represented by excise duties amounting to over 5.5 billion euros.
In the area of Governance, innovation and digital transformation play a strategic role for a data-driven company like Q8, where data management is seen as a strategic pillar of the business and not merely a technical enabler. Cutting-edge technology has also been applied to the modern, connected sales network: the stations are equipped with innovative and patented infrastructures for the complete virtualization and remote management of all service station control systems, ensuring high standards of safety and service quality.
"I am truly proud," stated Bashar Al Awadhi, CEO of Q8 Italia, "of how the company, even this year, has contributed to ESG (Environmental, Social, Governance) factors, integrating them into all of our business strategies. Q8 Italia is firmly committed," Al Awadhi continued, "to achieving a just transition: a transition towards a more environmentally sustainable economy that is also fair and inclusive, ensuring security and social well-being for society, including its most vulnerable members."
The full report is available on www.Q8.it and will soon be accessible via an interactive platform, offering quick and intuitive access to the most relevant information for each user.
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