Iveco

Iveco Group's Climate Commitments and Emissions Overview

Iveco Group, headquartered in Italy, is actively working to reduce its carbon footprint. In 2024, the company's total reported greenhouse gas emissions were approximately 57.12 billion kg CO2e. This includes Scope 1 emissions of about 133.49 million kg CO2e and Scope 2 (market-based) emissions of approximately 38.38 million kg CO2e. Scope 3 emissions in 2024 were approximately 56.95 billion kg CO2e, with the largest categories being use of sold products (about 52.33 billion kg CO2e) and purchased goods and services (about 3.97 billion kg CO2e).

Looking ahead to 2025, Iveco Group projects a decrease in total emissions to approximately 50.69 billion kg CO2e. This is expected to comprise around 134.68 million kg CO2e for Scope 1, approximately 10.94 million kg CO2e for Scope 2 (market-based), and about 50.54 billion kg CO2e for Scope 3.

Iveco Group has set ambitious reduction targets:

• Net Zero: Iveco Group aims to achieve net zero carbon emissions by 2040.
• Scope 1 and 2: The company targets a 50% absolute reduction in Scope 1 and 2 CO2 emissions from manufacturing plants by year-end 2030, compared to a 2019 baseline. In 2023, Scope 1 emissions were approximately 59.67 million kg CO2e and Scope 2 (market-based) emissions were about 38.84 million kg CO2e. In 2019, Scope 1 emissions were approximately 53.50 million kg CO2e and Scope 2 (market-based) emissions were about 57.21 million kg CO2e.
• Scope 3 Downstream (Use of Sold Products): Iveco Group commits to reducing Scope 3 CO2 emissions from the use of sold products per vehicle/km by 38% by 2030, against a 2022 baseline. In 2022, Scope 3 purchased goods and services were approximately 14.29 million kg CO2e.
• Scope 3 Upstream (Purchased Goods and Services): The company plans to achieve a 30% absolute reduction in CO2 emissions generated by key suppliers of purchased goods and services by 2030, compared to a 2022 baseline.

Iveco Group also signed The Climate Pledge in November 2021, demonstrating its commitment to reaching net-zero annual carbon emissions by 2040. While Iveco Group N.V. had a "Committed" status with the Science Based Targets initiative (SBTi) as of February 2022, this commitment was later removed.