How does the CO2 compensation work?

. We start with the calculation of the carbon footprint, or the calculation of the C02 emissions related to the life cycle of each product in the range.

. Our life cycle mapping is based on the “Cradle to gate system”.

. This mapping takes into account the phases of the life cycle up to the point where the finished product leaves the place of production. Emissions related to the consumption and disposal of the asset are not included.

. Once this data is known, compensation can be done by financing a project that avoids (or removes from the atmosphere) a quantity of C02 emissions equivalent to those of the products of our range.

We use a method to offset the annual emission of CO2 generated during the production of some of our brands.

. The projects that are part of this compensation mechanism are verified by independent companies and are subject to constant controls to verify their regularity and actual contribution in terms of positive impact on the climate.

. On a practical level, compensation is made by purchasing credits or carbon credits. Each credit is equivalent to the reduction of one ton of C02; the project expects to buy as many credits as the tons of C02 issued to produce the complete range. The credits purchased are deposited in special public registers under the name of GFL.

. The official recognition of the compensation occurs by canceling the credits, in this way the compensation is easily verifiable by anyone and those credits cannot be used twice.

. The carbon footprint is calculated on an annual basis; therefore, to maintain the carbon neutrality achieved, regulation is needed annually. For our project we will purchase credits at the end of each year.