Feralpi Siderurgica S.p.A. Sustainability Profile
Feralpi Siderurgica S.p.A., a prominent player in the steel industry, is headquartered in Italy and operates extensively across Europe. Founded in 1968, the company has established itself as a leader in the production of high-quality steel products, particularly reinforcing bars and wire rods, which are essential for construction and infrastructure projects. With a commitment to innovation and sustainability, Feralpi Siderurgica stands out for its advanced manufacturing processes and eco-friendly practices. The company has achieved significant milestones, including certifications that underscore its dedication to quality and environmental responsibility. Renowned for its robust market position, Feralpi Siderurgica continues to contribute to the steel sector with a focus on excellence and customer satisfaction.
DitchCarbon Score
How does Feralpi Siderurgica S.p.A.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Iron and Steel Production industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Feralpi Siderurgica S.p.A.'s score of 42 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Feralpi Siderurgica S.p.A.'s reported carbon emissions
In 2023, Feralpi Siderurgica S.p.A. reported a greenhouse gas emissions intensity of approximately 384.0 kg CO2e per tonne of hot-rolled steel produced, reflecting their commitment to reducing carbon emissions in the steel industry. The company has set ambitious targets to reduce its Scope 1 and Scope 2 emissions by 55% by 2030, using 2017 levels as a baseline. Additionally, Feralpi aims for a long-term reduction of 93% in these emissions by 2050. Feralpi Siderurgica has also committed to a significant reduction in its Scope 1, 2, and 3 emissions, targeting a 50% decrease per tonne of hot-rolled steel by 2030 from a 2022 base year. This includes a 25% reduction in absolute Scope 3 emissions, which encompass emissions from purchased goods and services, fuel and energy-related activities, and waste generated in operations. The company is aligned with the Science Based Targets initiative (SBTi) and has committed to achieving net-zero emissions by 2050. This commitment is part of a broader strategy to decarbonise operations and neutralise residual emissions, demonstrating Feralpi's proactive approach to climate change and sustainability in the steel sector.
How Carbon Intensive is Feralpi Siderurgica S.p.A.'s Industry?
How Carbon Intensive is Feralpi Siderurgica S.p.A.'s Location?
Feralpi Siderurgica S.p.A.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Feralpi Siderurgica S.p.A. has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Common questions about Feralpi Siderurgica S.p.A.'s sustainability data and climate commitments
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