Terna Spa

Terna Spa, based in Italy and operating in the distribution and trade of electricity, reported total carbon emissions of approximately 3.15 billion kg CO2e in 2025. This includes about 64.89 million kg CO2e from Scope 1, approximately 1.19 billion kg CO2e from Scope 2 (market-based), and about 1.90 billion kg CO2e from Scope 3 emissions.

In 2024, the company's total emissions were approximately 3.12 billion kg CO2e, with Scope 1 at about 79.42 million kg CO2e, Scope 2 (market-based) at approximately 1.27 billion kg CO2e, and Scope 3 at about 1.77 billion kg CO2e. Looking back to 2023, Terna Spa's Scope 1 emissions were around 77.59 million kg CO2e, and Scope 2 emissions were approximately 1.53 billion kg CO2e.

Terna Spa has set ambitious climate commitments, with Science Based Targets initiative (SBTi) validated goals. The company is committed to reducing absolute Scope 1 and 2 greenhouse gas emissions by 46.2% by 2030 from a 2019 base year. For Scope 3 emissions, Terna Spa aims for an 11.1% absolute reduction by 2030 from a 2021 base year. These targets are consistent with reductions required to keep global warming to 1.5°C.

Further demonstrating its commitment, Terna Spa has a near-term target to achieve an 18% reduction in direct (Scope 1) emissions and a 9% reduction in indirect (Scope 2) emissions by 2025, using a 2020 baseline. The company's Scope 1 and 2 emissions in 2025 were approximately 1.26 billion kg CO2e, representing a 31% reduction from its 2019 baseline, aligning with its science-based target trajectory. Terna Spa is also committed to achieving net-zero emissions by 2050, in line with the European Green Deal.