Piaggio & C. S.p.A., commonly known as Piaggio, is a prominent player in the motor vehicles, trailers, and semi-trailers industry, headquartered in Italy. Founded in 1884, Piaggio has evolved into a leading manufacturer of two-wheeled vehicles, scooters, and light commercial vehicles, with a strong presence in Europe and Asia.
The company is renowned for its iconic Vespa scooters, which combine timeless design with innovative technology, setting them apart in the competitive market. Piaggio's commitment to sustainability and advanced engineering has positioned it as a pioneer in the industry, achieving significant milestones such as the introduction of electric models.
With a robust market position, Piaggio continues to expand its portfolio, focusing on quality, performance, and style, making it a trusted name among consumers and enthusiasts alike.
+5 vs industry average
Piaggio’s score of 35 is higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Motor Vehicle Manufacturing has above-average carbon intensity
Industry performance
The Motor Vehicle Manufacturing industry has reduced its overall emissions by 8% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Piaggio's reported carbon emissions
Piaggio, headquartered in Italy and operating within the motor vehicles industry, has established climate commitments and reported its carbon emissions. For the year 2024, the company's total reported emissions were approximately 4.77 billion kg CO2e. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. Specifically, Scope 1 emissions amounted to about 15.35 million kg CO2e, Scope 2 (market-based) at approximately 35.99 million kg CO2e, and Scope 3 at a substantial 4.71 billion kg CO2e. Looking at previous years, in 2023, Piaggio reported total emissions of approximately 5.11 billion kg CO2e, with Scope 1 at about 16.73 million kg CO2e, Scope 2 (market-based) at around 38.40 million kg CO2e, and Scope 3 at approximately 4.56 billion kg CO2e. In 2022, total emissions were around 61.82 million kg CO2e, comprising Scope 1 at about 16.22 million kg CO2e and Scope 2 (market-based) at approximately 45.60 million kg CO2e. Scope 3 data was not disclosed for this year. Piaggio has set near-term reduction targets. By 2030, the company is committed to a 42% reduction in emissions associated with production activities (Scope 1 and Scope 2 market-based), calculated against a 2022 baseline. This target applies to both Scope 1 and Scope 2 emissions. The emissions data for Piaggio is cascaded from its ultimate parent company, Piaggio & C. S.p.A.
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Piaggio’s Climate Goals (2030 & 2050)
2 goals2030
42% reduction in Scope 2
By 2030, the Group commits to a 42% reduction in emissions associated with production activities (Scope 1 and Scope 2 market-based). Emissio…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
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Scope 3 top emissions categories
9 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Piaggio
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