Feralpi Siderurgica S.p.A.

Feralpi Siderurgica S.p.A., an Italian company in the basic iron and steel industry, reported its Scope 1 emissions as 199,048 kg CO2e for 2024. For the same year, its Scope 3 emissions were reported as 939,949 kg CO2e, including categories such as purchased goods and services (658,857 kg CO2e), end-of-life treatment of sold products (137,854 kg CO2e), and fuel and energy related activities (96,213 kg CO2e).

The company has set several climate commitments, including Science Based Targets initiative (SBTi) approved targets. Feralpi Siderurgica S.p.A. commits to achieve net-zero greenhouse gas emissions across its value chain by 2050.

For near-term targets, the company aims to reduce Scope 1, 2, and 3 GHG emissions covered by the iron and steel core boundary by 50% per tonne of hot rolled steel by 2030, using 2022 as a base year. Additionally, Feralpi Siderurgica S.p.A. commits to reduce remaining absolute Scope 3 GHG emissions from purchased goods and services, fuel and energy related activities, upstream transportation and distribution, waste generated in operations, downstream transportation and distribution, and processing of sold products by 25% by 2030 from a 2022 base year.

Looking towards long-term targets, Feralpi Siderurgica S.p.A. commits to reduce Scope 1, 2, and 3 GHG emissions covered by the iron and steel core boundary by 90% per tonne of hot rolled steel by 2050 from a 2022 base year. The company also commits to reduce absolute Scope 3 GHG emissions by 90% within the same timeframe. These targets are classified as consistent with reductions required to keep warming to 1.5°C.