Iren Sustainability Profile
Iren S.p.A., commonly referred to as Iren, is a prominent player in the Italian energy and utilities sector, headquartered in Turin, Italy. Founded in 2010, the company has rapidly expanded its operations across key regions, including Emilia-Romagna, Liguria, and Lombardy. Iren is dedicated to providing integrated services in electricity, gas, water, and waste management, distinguishing itself through its commitment to sustainability and innovation. With a focus on renewable energy and smart solutions, Iren has achieved significant milestones, including investments in green technologies and infrastructure. The company is recognised for its strong market position, consistently ranking among the top utility providers in Italy. Iren's unique approach to service delivery and customer engagement has solidified its reputation as a leader in the transition towards a more sustainable future.
DitchCarbon Score
How does Iren'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 Electricity Distribution 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
Iren's score of 23 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Iren's reported carbon emissions
In 2023, Iren reported total carbon emissions of approximately 3,629,470,000 kg CO2e in Italy, with significant contributions from Scope 3 emissions, particularly from the use of sold products (about 2,066,851,000 kg CO2e) and purchased goods and services (approximately 772,936,000 kg CO2e). The company has set ambitious climate commitments, aiming for a 47% reduction in the carbon intensity of energy production (Scope 1) by 2030, targeting a carbon intensity of 176 gCO2eq/kWh. Additionally, Iren plans to achieve zero Scope 2 market-based emissions by 2030 through the purchase of 100% green energy. In 2022, Iren's total emissions were about 7,593,892,000 kg CO2e globally, with Scope 1 emissions accounting for approximately 3,459,223,000 kg CO2e and Scope 2 emissions at about 93,547,000 kg CO2e. The company also reported Scope 3 emissions of around 4,041,122,000 kg CO2e, indicating a comprehensive approach to emissions management across all scopes. Iren's commitment to sustainability is further evidenced by its target to reduce emissions by 43% through waste recovery by 2025 compared to 2019 levels. These initiatives reflect Iren's dedication to addressing climate change and reducing its carbon footprint in alignment with industry standards.
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| 2013 | 2014 | 2015 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 2,856,313,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | - |
| Scope 2 | 119,737,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000 |
| Scope 3 | 470,000 | 000,000 | 000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | - |
How Carbon Intensive is Iren's Industry?
How Carbon Intensive is Iren's Location?
Iren's Scope 3 Categories Breakdown
Iren's Scope 3 emissions, which decreased by 11% last year and increased significantly since 2013, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 53% of total emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 55% of Scope 3 emissions.
Top Scope 3 Categories
Iren'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.
Iren has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
