Novamont

Novamont, headquartered in Italy and operating within the Chemicals nec industry, has established comprehensive climate commitments alongside its emissions data.

Emissions Data:

• 2024: Novamont reported Scope 1 emissions of approximately 67,123,000 kg CO2e and Scope 2 emissions of approximately 887,000 kg CO2e (market-based). Scope 3 emissions data were not disclosed for this year.
• 2023: The company reported Scope 1 emissions totalling approximately 59,622,000 kg CO2e and Scope 2 emissions of approximately 415,000 kg CO2e (market-based). Scope 3 emissions data were not disclosed.
• 2022: Novamont's Scope 1 emissions were approximately 70,943,000 kg CO2e, with Scope 2 emissions reported at approximately 838,000 kg CO2e (market-based). Scope 3 emissions were not disclosed.
• 2021: Scope 1 emissions were not disclosed for 2021. Scope 2 emissions were reported at approximately 1,044,000 kg CO2e (market-based).
• 2020: Novamont reported Scope 1 emissions of approximately 64,360,000 kg CO2e. Scope 2 emissions were not disclosed.
• 2019: Scope 1 emissions were approximately 49,821,000 kg CO2e, and Scope 2 emissions were approximately 997,000 kg CO2e (market-based).
• 2018: Scope 1 emissions were not disclosed. Scope 2 emissions were approximately 925,000 kg CO2e (market-based).
• 2017: Scope 1 emissions were approximately 41,615,000 kg CO2e, with Scope 2 emissions reported at approximately 3,111,000 kg CO2e.

It is important to note that Novamont's emissions data is cascaded, with the organization being a current subsidiary of "Novamont S.p.A." (cascade level 2).

Climate Commitments and Reduction Targets:

Novamont has set ambitious targets to reduce its environmental impact. Key commitments include:

• Net-Zero by 2050: The company aims for complete decarbonisation of its business by 2050, applying this goal to Scope 1, Scope 2, and Scope 3 emissions. This commitment aligns with the European Union's ambition for climate neutrality.
• Scope 1 Reduction: Novamont aims to reduce its Scope 1 emissions by 30% from 2020 levels by 2030. They also aim to reduce direct emissions by 30% from 2017 levels by 2025 and have set a near-term target to reach Scope 1 emissions as close to zero as possible by 2025.
• Scope 2 Reduction: The company has a target to reduce its Scope 2 emissions by 25% from 2021 levels by 2030. A prior target aimed for a 30% reduction from 2020 levels by 2030. They also have a near-term objective to bring indirect emissions related to energy production as close to zero as possible by 2025. Additionally, Novamont aims to reduce indirect emissions by 30% from 2017 levels by 2025.
• Carbon Neutrality: Novamont is committed to being carbon neutral by 2050, with specific targets noted for Scope 1 and Scope 2.

The company is actively discussing mitigation measures for Scope 1 emissions and is reported to be on track for several of its near-term Scope 2 reduction targets.