Palumbo Group S.p.A. Sustainability Profile
Palumbo Group S.p.A., a prominent player in the maritime and industrial sectors, is headquartered in Italy and operates extensively across Europe, Africa, and the Americas. Founded in 1967, the company has established itself as a leader in shipbuilding, repair, and conversion, alongside offering comprehensive services in the energy and offshore industries. Palumbo Group is renowned for its innovative approach to ship maintenance and its commitment to quality, which sets it apart in a competitive market. With a diverse portfolio that includes luxury yachts and commercial vessels, the company has achieved significant milestones, including strategic partnerships and expansions that enhance its global footprint. Recognised for its excellence, Palumbo Group continues to drive advancements in maritime technology and services, solidifying its position as a trusted name in the industry.
DitchCarbon Score
How does Palumbo Group 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 Real Estate Services 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
Palumbo Group S.p.A.'s score of 28 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Palumbo Group S.p.A.'s reported carbon emissions
In 2024, Palumbo Group S.p.A. reported total carbon emissions of approximately 79,322,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 79,322,000 kg CO2e. Scope 1 emissions were recorded at about 55,000 kg CO2e, while Scope 2 emissions totalled approximately 19,000 kg CO2e (market-based). In 2023, the company’s emissions were slightly lower, with total emissions of about 80,476,000 kg CO2e. This included Scope 1 emissions of approximately 555,000 kg CO2e and Scope 2 emissions of about 2,000 kg CO2e (market-based). Despite these figures, Palumbo Group S.p.A. has not disclosed any specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction targets suggests a need for further development in their sustainability strategy. The company operates within a context where many organisations are increasingly adopting Science-Based Targets Initiative (SBTi) commitments to align with global climate goals, yet Palumbo Group S.p.A. has not yet established such targets. Overall, while the emissions data indicates a substantial carbon footprint, the lack of reduction initiatives highlights an area for potential improvement in their environmental strategy.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 555,000 | 00,000 |
| Scope 2 | 2,000 | 00,000 |
| Scope 3 | 80,476,000 | 00,000,000 |
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Palumbo Group 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.
Palumbo Group S.p.A. 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.
