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European Climate Pact

Overview

Location

Italy

Sector

Energy related

Organisation type
Business

Company Information

Hera is a publicly listed multi-utility company headquartered in Bologna, Italy. In 2021, it reported a total of 10.5 billion in revenues and 9,061 employees.*

*Source

Our progress towards decarbonization

 

GHG Emissions

Our actions – the Pathway

  • Hera has a target to reduce absolute scopes 1 and 2 CO2e emissions 28% by 2030 from a base year of 2019. This is a year-on-year reduction rate of 2.5% over the next 9 years

Pledge: Have a short-medium term GHG emissions reduction target (scope 1+2) with a 2.1% year-on-year reduction at a minimum

MRV: Pact MRV in place

Status date: Submitted (30/07/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Have an internal price on carbon 
  • Have an initiative in place to drive GHG emissions reduction through energy efficiency in production processes
  • Have scope 1+2+3 GHG emissions verified through a third party verification or assurance process 

MRV: Pact MRV in place

Status date: Submitted (30/07/2022)

Data source: CDP Climate Change 2022

 

Energy

Our actions – the Pathway

  • Hera has a target to consume 100% of electricity from renewable sources by 2023 from a baseline of 83% renewable electricity consumption in 2019

MRV: Pact MRV in place

Status date: Submitted (30/07/2022)

Data source: CDP Climate Change 2022

 

Governance & Strategy

Our actions – the Pathway

  • Have an internal price on carbon 
  • Have an initiative in place to drive GHG emissions reduction through energy efficiency in production processes
  • Have scope 1+2+3 GHG emissions verified through a third party verification or assurance process 

MRV: Pact MRV in place

Status date: Submitted (30/07/2022)

Data source: CDP Climate Change 2022

 

Value chain engagement

 

North Star

  • Hera has a supplier engagement target to get 0.1% 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 (30/07/2022)

Data source: CDP Climate Change 2022