Marcegaglia

Marcegaglia, headquartered in IT and operating in the "Other business services (74)" sector, has reported significant carbon emissions across its operations.

For the year 2023, Marcegaglia reported Scope 1 emissions of approximately 456,665,000 kg CO2e and Scope 2 emissions of approximately 119,899,000 kg CO2e. This represents a notable decrease in Scope 2 emissions compared to previous years. In 2022, Scope 1 emissions were approximately 343,228,000 kg CO2e and Scope 2 emissions were approximately 162,732,000 kg CO2e. The company's Scope 1 and 2 emissions for 2021 amounted to approximately 516,484,000 kg CO2e, with Scope 1 at about 316,239,000 kg CO2e and Scope 2 at approximately 200,246,000 kg CO2e. In 2020, Marcegaglia's Scope 1 and 2 emissions totalled approximately 490,049,000 kg CO2e. Prior to that, in 2019, total Scope 1 and 2 emissions were approximately 529,482,000 kg CO2e, and in 2018, they were approximately 511,244,000 kg CO2e.

Marcegaglia has established several climate commitments. The company aims to reduce its carbon dioxide emission intensity by 8% by 2025, using 2021 as the base year. This reduction is being pursued through various initiatives, including sourcing electricity from renewable sources, installing photovoltaic systems, and making investments in logistics and plant efficiency. Additionally, Marcegaglia is implementing a CO2 capture plant utilising the KM CDR™ process, licensed by Mitsubishi Heavy Industries Engineering, which is designed for permanent CO2 sequestration. This technology is projected to capture up to 98% of CO2 and aims to significantly reduce emissions from cogeneration plants and the group as a whole. Marcegaglia Steel has also joined the "Decarb Fast Track" programme, targeting a saving of 100,000 tonnes of CO2 and a reduction in energy consumption by up to 10% by 2025.

It is important to note that Marcegaglia's emissions data is cascaded from its parent company, Marcegaglia SpA, where Marcegaglia Steel S.P.A. is a current subsidiary at cascade level 2. The company's reporting currently focuses on Scope 1 and Scope 2 emissions, with Scope 3 data points such as purchased goods and services, business travel, and employee commute being reported as missing.