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European Climate Pact

Overview

Location

Italy

Sector

Electric Utilities

Organisation type
Business

Pathway pledges

Emissions

Have a company-wide absolute/intensity emissions reduction target

Iren SpA has a target to reduce absolute Scope 1+2 (market-based) CO2e emissions 34% by 2035 from a base year of 2019. Iren SpA has a target to reduce absolute Scope 1+2 (market-based) CO2e emissions 16% by 2030 from a base year of 2019. Iren SpA has a target to reduce intensity of Scope 1+2 (market-based) CO2e emissions 34% per megawatt hour (MWh) by 2035 from a base year of 2019. Iren SpA has a target to reduce intensity of Scope 1+2 (market-based) CO2e emissions 16% per megawatt hour (MWh) by 2030 from a base year of 2019.

Status date: Submitted (23/07/2021)

Data source: CDP Climate Change 2021

MRV: Yes*

*Reported data is checked for completeness. Pledger must provide at a minimum: (Absolute targets) base year, target year, Covered emissions in base year and Covered emissions in target year. (Intensity targets) Intensity metric, base year, target year, Intensity figure in base year (metric tons CO2e per unit of activity) and the targeted reduction from base year (%).

Have an internal price on carbon

Status date: Submitted (23/07/2021)

Data source: CDP Climate Change 2021

MRV: Yes*

*Reported data is checked to gather details on how the organisation uses the price on carbon. Pledger must provide at minimum: the Scope(s) of emissions covered by the internal carbon pricing mechanism, the application of the price on carbon (i.e. the part(s) of the business decision-making process that the internal carbon pricing mechanism applies to), the actual carbon price level(s) used (Currency/metric ton), the variance of price(s) used, the type of internal price (e.g a shadow price or internal fee). Finally this pledge requires details on the impact and implication of setting a price on carbon (i.e a company-specific description of how the organization uses the internal price on carbon).

Energy

Have a target to increase renewable energy consumption

Iren SpA has a target to consume 100% of electricity from renewable sources by 2035 from a baseline of 0% renewable electricity consumption in 2019.

Status date: Submitted (23/07/2021)

Data source: CDP Climate Change 2021

MRV: Yes*

*Reported data is checked for completeness. Pledger must provide at a minimum: a base year, target year, figure or percentage in the base year, and figure or percentage in the target year. Check that duration of target is not beyond 2035.

Have a target to improve energy efficiency 

Status date: Submitted (23/07/2021)

Data source: CDP Climate Change 2021

MRV: Yes*

*Reported data is checked for completeness. Pledger must provide at a minimum: a base year, target year, figure or percentage in the base year, figure or percentage in the target year and a target numerator if reporting an intensity target.

Multi-topic

Publicly disclose climate and environmental data to investors and customers through a public platform

Status date: Submitted (23/07/2021)

Data source: CDP Climate Change 2021

MRV: Yes*

*Pledging organisation has reported they use climate-related scenario analysis to inform its strategy. Pledger must provide at a minimum: details on the climate-related scenarios and models applied (e.g. 2DS, IEA 450, Greenpeace, DDPP, IRENA etc.) as well as additional information such as how the selected scenario(s) were identified, with reference to the inputs, assumptions and analytical methods used.

Implement climate scenario analysis as part of your business strategy setting

Status date: Submitted (23/07/2021)

Data source: CDP Climate Change 2021

MRV: Yes*

*Pledging organisation has reported they use climate-related scenario analysis to inform its strategy. Pledger must provide at a minimum: details on the climate-related scenarios and models applied (e.g. 2DS, IEA 450, Greenpeace, DDPP, IRENA etc.) as well as additional information such as how the selected scenario(s) were identified, with reference to the inputs, assumptions and analytical methods used.