OUR PATH TOWARDS CARBON NEUTRALITY BY 2050
Our Group offers a portfolio of "enabling" technologies to help industrial companies meet their goals for the energy transition, as well as to reduce the carbon footprint of our own activities.
Our aim is to achieve carbon neutrality of our direct emissions (Scope 1) and indirect emissions from energy consumption (Scope 2) by 2030. We aim to achieve carbon neutrality for all other indirect emissions along the value chain (Scope 3)by 2050 (the deadline set by the European Union).
To do this, in addition to a series of actions started several years ago, we are implementing a series of targeted projects. For example, our "Green Village - MET Sustainable Sites" is dedicated to energy efficiency, among other things, therefore reducing emissions generated by our sites. MeT Zero Task Force, dedicated to the Group’s journey towards carbon neutrality and Green Logistic Plan are another examples.
With reference to emissions related to the supply chain, which represent over 90% of the total, the Group has launched a strategic pathway to ensure that the chain of suppliers and sub-contractors are in line with the decarbonization objectives by 2050. Specifically, a working group within the MeT Zero Task Force was set up in order to launch a structured process of engaging suppliers, both in terms of measurement methodologies and with regard to the best practices to be adopted in order to direct the supply chain towards the decarbonization objectives set by the United Nations.
Today it is clear that achieving excellence in our sector also means taking into account the environmental and social impact of our business, mitigating the negative and amplifying the positive one; we are working on this important challenge.
In the next few years, we will set progressive targets for reducing emissions, first of all direct emissions, and then indirect emissions, as well as for offsetting emissions that cannot be reduced. In order to measure the positive effects of our actions to reduce our emissions, we have completed their mapping in 2020.
The chart below shows the aggregate volume of direct greenhouse gas emissions in tons of CO2 equivalent, generated by the Group's activities ("Scope 1"), indirect emissions from electricity consumption ("Scope 2"), and other indirect emissions ("Scope 3").
In 2021, with reference to Scope 1 and 2, the Group reduced the intensity of greenhouse gas emissions for construction sites compared to the years 2020 and 2019 (pre-Covid), while for offices the figure is in line with that of 2020. With regard to the Scope 1 and Scope 2 emissions, the data regarding offices saw benefits derived from smart working, as was the case for 2020. In 2021, the hours worked on construction sites increased, which led to a slight increase in emissions in terms of absolute values, but in terms of unitary hourly values, there was a reduction in environmental impact, which is mainly due to the progress made by the various construction sites and the change in the project phases themselves, as well as greater efficiency in terms of consumption and emissions thanks to the adoption of new processes and technologies.
The increase in Scope 3 emissions observed in 2021 compared to 2020 can be attributed to a greater volume of expenditure and the relative mix of materials purchased, as well as to the different phases of the projects that exert an influence over the mix of waste produced by construction sites during the year. The increase is partially offset by a reduction in emissions related to logistics, courtesy of the implementation of the transport optimization project, the Green logistic plan.
For a breakdown on our Group greenhouse gas emissions calculated on the basis of the ratio of direct and indirect emissions (Scope 1 and Scope 2) to hours worked, please see the chart below: