The third pillar is related to the Group’s CO2 emissions. In compliance with the European Union’s decarbonization programs (carbon neutral by 2050), the Group has embarked on a pathway that has first and foremost led to the quantification of all three CO2 emission “scopes” as well as an ambitious plan to reduce its carbon footprint related to Scope 1 and Scope 2.
Specifically, the Group has defined that by 2030 it will achieve a 40 percent reduction in CO2 emissions related to Scope 1 (direct emissions) and Scope 2 (indirect emissions from electricity supply), with baseline of 2015.
Major projects include:
With reference to Scope 3, analyses are underway to define the reduction initiatives of and integrate them into the decarbonization plan. Ongoing projects include classifying and subsequently selecting raw material suppliers based on ESG criteria as well; to this end, a pilot project has begun in which questionnaires regarding ESG issues have been sent to major raw material suppliers and subsidiaries. Other initiatives to reduce Scope 3 emissions include increasing transportation intermodality, favoring rail transport in place of road transport.
Among the main projects to achieve the goals related to this Pillar (aimed, in particular, at reducing Scope 1) are:
- Replacement of billet reheating furnaces in France, Switzerland and Romania, characterized by lower natural gas consumption
- Dosing, in EAF furnace, of polyolefin polymer, derived from the plastics sorting and recovery cycle, as partial replacement of anthracite
- Recovery of refining slag in EAF furnace as a scorifying agent, also aimed at reducing the use of lime.