Overview
- Location
Italy
- Sector
Electric Utilities
- Organisation type
- Business
Company Information
Iren is a multi utility company listed on the Italian Stock Exchange and headquartered in Reggio Emilia, Italy. Iren operates in the following business areas: electricity, gas (distribution and sale), integrated water service management, waste collection and disposal and public utility services. In 2021, Iren reported a total of over 9,500 employees and a consolidated revenue of 5 billion Euro.*
Our progress towards decarbonization
GHG Emissions
Our actions – the Pathway
- Iren SpA has a target to reduce intensity of scope 1 CO2e emissions 47% per megawatt hour (MWh) by 2030 from a base year of 2020
- Have an internal price on carbon
- Have an initiative in place to drive GHG emission-reduction through a company policy or behavioral change
- Have an initiative in place to drive GHG emissions reduction through energy efficiency in production processes
- Have an initiative in place to drive GHG emissions reduction through low-carbon energy generation
- Have an initiative in place to drive GHG emissions reduction through waste reduction and materials circularity
- Have an initiative in place to drive transport-related GHG emissions reduction through teleworking
- Have scope 1+2+3 GHG emissions verified through a third party verification or assurance process
MRV: Pact MRV in place
Status date: Submitted (29/07/2022)
Data source: CDP Climate Change 2022
Energy
Our actions – the Pathway
- Iren SpA has a target to consume 100% of electricity from renewable sources by 2030 from a baseline of 0% renewable electricity consumption in 2020
- Iren SpA has a target to reduce fossil fuels in their fuel mix to 90% by 2030 from a base year of 100% in 2020
MRV: Pact MRV in place
Status date: Submitted (29/07/2022)
Data source: CDP Climate Change 2022
Mobility
Our actions – the Pathway
- Iren SpA has a target to switch 100% of their fleet with low-carbon vehicles by 2030 from a baseline of 19% in 2020
- Have an initiative in place to drive transport-related GHG emissions reduction through company fleet vehicle efficiency
MRV: Pact MRV in place
Status date: Submitted (29/07/2022)
Data source: CDP Climate Change 2022
Governance & Strategy
North Star
- Iren SpA have a publicly available 1.5°C aligned low-carbon transition plan
MRV: Pact MRV in place
Status date: Submitted (29/07/2022)
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 (29/07/2022)
Data source: CDP Climate Change 2022
Buildings
Our actions – the Pathway
- Have an initiative in place to drive GHG emissions reduction through energy efficiency in buildings
MRV: Pact MRV in place
Status date: Submitted (29/07/2022)
Data source: CDP Climate Change 2022
Value chain engagement
Our actions – the Pathway
- 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 (29/07/2022)
Data source: CDP Climate Change 2022