Marcegaglia

Marcegaglia, headquartered in IT and operating in the "Other business services (74)" sector, is actively engaged in reducing its carbon footprint. For the 2023 reporting year, the company reported Scope 1 emissions of approximately 456,665,000 kg CO2e and Scope 2 emissions of approximately 119,899,000 kg CO2e. This is a notable increase from 2022, when Scope 1 emissions were approximately 343,228,000 kg CO2e and Scope 2 emissions were approximately 162,732,000 kg CO2e.

Marcegaglia has established near-term climate commitments. Specifically, by 2025, the company aims to achieve an 8% reduction in carbon dioxide emission intensity compared to the 2021 baseline. This target applies to both Scope 1 and Scope 2 emissions. Interventions supporting this goal include securing renewable electricity supply contracts, installing photovoltaic systems, optimising logistics, and enhancing plant efficiency.

Furthermore, Marcegaglia is investing in advanced technologies to significantly reduce emissions. The company is implementing a CO2 capture plant utilising the KM CDR™ process, licensed by Mitsubishi Heavy Industries Engineering. This technology is designed for permanent CO2 sequestration and is expected to capture up to 98% of CO2 from the cogeneration plant, contributing to substantial group-wide emission reductions. The CO2 capture plant is projected to sequester approximately 110,000 tonnes of CO2 per year, with an end goal of 2025. Marcegaglia Steel has also joined the "Decarb Fast Track" programme, aiming to save 100,000 tonnes of CO2 and reduce energy consumption by up to 10% by 2025.

It's important to note that Marcegaglia's emissions data is cascaded from its parent organisation, Marcegaglia SpA.