Reduce resource consumption

ITERUM sustainability strategy, fueled by the principle of finding value in everything, integrates environmental, social responsibility, and corporate governance into all stages of the value chain.

Environment

The group’s business activities are based on the circular economy and environmentally friendly principles. Our mission is not only to reduce resource consumption and emissions, but also to implement energy-efficient solutions.

ITERUM SUSTAINABILITY STRATEGY 2024

JSC “ITERUM”, being part of Eco Baltia group, perceives its sustainability strategy as the combination of the environmental, social and governance factors of business. We understand that challenges connected with the climate change, pollution control, and responsible resource management are urgent and deserve full attention. Above all we have determined the protection of environment through responsible business operations in order to reach our 2030 targets towards positive impact on Climate change.
In the social area, we have determined the health and safety and an empowerment of our people and value creation to our stakeholders as our priority. We have also prioritized the development of our company as a community and business player that drives economic prosperity ethically and innovatively.

Achievements

Short-term targets (2023-2024)

  • Set Science-Based Targets (SBTs)
  • Improve energy consumption efficiency to 0,595 mWh per unit produced
  • Develop Sustainability reporting system according to Intranational Sustainability reporting standards
  • Recirculate 25% of water used in the production process
  • 100% electricity consumed form renewable energy plants.

Medium-term targets (2025-2029)

  • Improve energy consumption efficiency to 0,510 mWhper unit produced
  • Recirculate 50% of water used in the production process
  • Reduction of CO2 emissions by 50% per unit produced compared to 2021
  • Maintain 100% recycled material use in the production of the final product
  • Maintain Net-zero greenhouse gas emissions (GHG) across the value chain

Long-term targets (2030-2050)

  • Maintain Net-zero greenhouse gas emissions (GHG) across the value chain
  • Towards the circular economy and positive impact on Climate change by :
    -continuously reducing our carbon footprint
    -improving operational eco-efficiency
    -procuring and producing renewable and low carbon-intensive energy
    -optimizing natural resource consumption