DELTA HOLDING: RENEWABLE ENERGY SOURCES REDUCED CO2 EMISSIONS BY 25 THOUSAND TONS

Photo: Delta Holding

By installing solar power plants, members of Delta Holding produced 470 megawatt hours of electricity in 2022. Thus, they contributed to the reduction of carbon dioxide emissions by 690 tons, which is the equivalent of planting more than 31 thousand trees. Thanks to the use of biomass, in the same period, CO2 emissions were reduced by more than 25 thousand tons, which is the amount absorbed annually by 1.2 million trees.

The above data are part of the annual report on sustainable business in 2022, which Delta Holding published for the fourteenth year in a row. The report was presented to the media, representatives of the expert community, and partners of Delta Holding in Delta House, the company's headquarters. The entire report is available here.

Photo: Delta Holding

"Respecting the sustainability principle is now essential to productive communication with banks, significant overseas partners, and important institutions. More than 14 years ago, Delta Holding established sustainability as a strategic objective for its company, and we are honored to be leaders in this field. By creating the AI Champ team, we are pioneers in initiating such an innovative project for our employees. This team will be tasked with using artificial intelligence in multiple business sectors to contribute to the company's sustainable operations," said Marija Desivojević Cvetković, Senior Vice President for strategy and development of Delta Holding, at the presentation of the ESG report.

In 2022, the packaging waste operator Delta Pak enabled the recycling of almost 4,700 tons of paper, saving 80,000 trees, almost 20,000 megawatt hours of electricity, and 150 million liters of water. In the same period, water consumption in Delta Agrar, one of the largest agricultural systems in the region, was reduced by a fifth.

"When it comes to "S ", i.e., the social aspect of the sustainability of our business, I would emphasize the great contribution to the community that we make through supporting the development of villages. Through the unique project Naše selo, in the previous four years we have supported hundreds of farms. During 2022, we also launched the Digitalno selo project, in which, together with our partners BioSens Institute and Mokrin House, we are raising farmers' awareness of the importance of digitization for the sustainability of agricultural production," said Tijana Koprivica, Chief Business Sustainability Officer at Delta Holding.

Photo: Delta Holding

The report was prepared in accordance with the internationally recognized methodology of the Global Reporting Initiative (GRI) and meets all the criteria of the advanced level of progress reports of the United Nations Global Compact. The audit of the report on sustainable business was conducted by the authorized auditing company, PwC.

"Delta's sustainability report is on track with current ESG reporting best practices in the CEE region and an exceptional basis for reporting in line with the upcoming regulation. The challenge in the coming period for all economic entities will be the preparation for non-financial reporting in accordance with the requirements of the new regulation in a way that enables effective verification of the same. This year's report and audit represent a significant step forward in that direction," stated Nikola Stamenić, PwC.

"Investing in sustainable business is not an expense but an investment that brings concrete and measurable profit", said, among other things, Milica Sredanović from IFC – International Finance Corporation, a branch of the World Bank.

Source: Delta Holding