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European Climate Pact

Overview

Location

Italy 

Sector

Electric utilities

Organisation type
Business

Company Information

ERG is a publicly listed independent producer of electricity from renewable sources headquartered in Genoa, Italy. In 2021 it reported 1 billion Euro in revenues and a total of 603 employees.*

*Source

Our progress towards decarbonization

 

GHG Emissions

Our actions – the Pathway

  • Join the Business Ambition for 1.5°C and publicly commit to have a long-term science-based target to reach net-zero value chain GHGs emissions by no later than 2050 in line with the SBTi Net-Zero Standard 
  • Have a short-medium term GHG emissions reduction target (scope 1+2) with a 2.1% year-on-year reduction at a minimum
  • Have an internal price on carbon 
  • Have an initiative in place to drive GHG emissions reduction through low-carbon energy generation
  • Have scope 1+2+3 GHG emissions verified through a third party verification or assurance process 

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Climate Change 2022

 

Energy

Our actions – the Pathway

  • ERG S.p.A has a target to consume 96% of electricity from renewable sources by 2025 from a baseline of 90% renewable electricity consumption in 2020.

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Climate Change 2022

 

Governance & Strategy

North Star

  • ERG S.p.A have a publicly available 1.5°C aligned low-carbon transition plan

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Publicly disclose climate and environmental data to investors and customers through a public platform
  • Have board-level oversight of climate-related issues
  • Have a process for identifying, assessing, and responding to climate-related risks and opportunities
  • Have an employee engagement strategy to support and contribute to achieving the company's climate and environmental goals

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Climate Change 2022

 

Value chain engagement

North Star

     

    • ERG S.p.A has a supplier engagement target to get 82.9% of its suppliers by procurement spend to set a science-based emission reduction target

    Pledge: Have a supplier engagement target in order to reduce scope 3 GHG emissions, to get a share of our suppliers by procurement spend set science-based GHG emissions reduction targets in line with the SBTi Criteria and Recommendations

    MRV: Pact MRV in place

    Status date: Submitted (01/08/2022)

    Data source: CDP Climate Change 2022

    How we want to achieve this – our roadmap

    • Have an ongoing and transparent dialogue with our value chain around climate-related issues
    • Have a supplier/customer engagement strategy to drive best practices in tackling environmental and climate-related issues

    MRV: Pact MRV in place

    Status date: Submitted (01/08/2022)

    Data source: CDP Climate Change 2022