In 2023, Banca IFIS conducted an environmental assessment and disclosed corporate waste management data in accordance with recognized sustainability reporting standards.The company provided a breakdown of its waste by type (hazardous vs non-hazardous) and treatment method (recovery vs disposal), enabling greater transparency into its waste handling and environmental practices.
| Metric (tonnes) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Waste Generated | 126.353a | 126.335a | 90.746a | |
Total Waste Recovered | 126.353a | 126.335a | 86.692a | |
Total Hazardous Waste Generated | 0.745a | 1.085a | 0.14a | |
Non-Hazardous Waste Disposed | N/A | N/A | 4.004a |
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In 2023, Banca IFIS generated a total of 126 metric tonnes of waste.a
Of this amount, 0.59% of Banca IFIS's total waste generated of was classified as hazardous waste, characterized by properties such as toxicity, flammability, corrosiveness, or reactivity that may pose risks to human health, ecosystems, or the environment.99.41% was identified as non-hazardous waste, generally considered less harmful and subject to lighter regulatory controls.a
Since 2021, Banca IFIS's total waste generation rose by 39.24%, yet remained stable in 2023, suggesting recent efforts may have paused further escalation, though historical accumulation remains a concern.a
Over the same period, Banca IFIS saw a long-term increase of 282.18% in hazardous waste share, but a 31.35% reduction in 2023, indicating a recent improvement that may reflect updated production inputs, enhanced treatment, or stricter controls.a
Overall, Banca IFIS's waste and hazardousness trends are mixed or inconclusive. A more detailed review of its materials, industry standards, and operational changes would help clarify the net environmental impact of its waste strategy.a