Terna Spa

Terna Spa, headquartered in Italy and operating in the electricity distribution and trade services industry, reported total greenhouse gas emissions of approximately 3.12 billion kg CO2e for 2024. This figure encompasses Scope 1, 2, and 3 emissions.

For the 2024 reporting year, Scope 1 emissions were approximately 79.42 million kg CO2e, while Scope 2 emissions (market-based) were around 1.27 billion kg CO2e. Scope 3 emissions for 2024 were approximately 1.77 billion kg CO2e, with the largest contributors being fuel and energy-related activities (around 524.54 million kg CO2e) and use of sold products (approximately 859.96 million kg CO2e).

Looking at historical data, Terna Spa reported total emissions of approximately 1.61 billion kg CO2e in 2023, with Scope 1 emissions at approximately 77.59 million kg CO2e and Scope 2 emissions at around 1.53 billion kg CO2e. In 2022, total emissions were approximately 1.82 billion kg CO2e, with Scope 1 emissions at approximately 76.51 million kg CO2e and Scope 2 emissions at about 1.74 billion kg CO2e.

Terna Spa has established several climate commitments. The company aims to achieve a net-zero economy by 2050, aligning with the European Green Deal. More specific targets include a commitment to reduce absolute Scope 1 and 2 greenhouse gas emissions by 46.2% by 2030, using 2019 as a baseline. This aligns with a 1.5°C trajectory. Additionally, Terna has committed to reducing absolute Scope 3 greenhouse gas emissions by 11.1% by 2030, with a 2021 baseline. For shorter-term goals, Terna aims for an 18% reduction in direct (Scope 1) emissions by 2025 from a 2020 baseline, and a 9% reduction in indirect (Scope 2) emissions by 2025 from a 2020 baseline. Further to these commitments, the company has a target to achieve a 31% reduction in Scope 1 and 2 emissions by 2025 from a 2019 baseline, and has also committed to a net-zero target by 2050.