Novamont

Novamont, a chemicals company headquartered in Italy, reported its 2024 Scope 1 emissions as approximately 67,123,000 kg CO2e. Its market-based Scope 2 emissions for 2024 were about 887,000 kg CO2e, while its location-based Scope 2 emissions were approximately 14,765,000 kg CO2e. For 2023, Novamont's Scope 1 emissions were approximately 59,622,000 kg CO2e, with market-based Scope 2 emissions at about 415,000 kg CO2e and location-based Scope 2 emissions at approximately 13,638,000 kg CO2e. In 2022, Scope 1 emissions were around 70,943,000 kg CO2e, and market-based Scope 2 emissions were roughly 838,000 kg CO2e, with location-based Scope 2 emissions at approximately 18,173,000 kg CO2e. Scope 3 emissions data was not provided for these years.

Novamont is committed to significant emissions reductions. They aim to achieve complete decarbonisation of their business by 2050 across all three scopes (Scope 1, Scope 2, and Scope 3), as indicated in their 2023 Sustainability Report. This aligns with the European Union's goal to become climate neutral by 2050.

The company has set several near-term absolute reduction targets. Novamont plans to reduce its Scope 1 emissions by 30% from 2021 levels by 2030, and by 30% from 2020 levels by 2030. They also targeted a 30% reduction in direct emissions (Scope 1) from 2017 levels by 2025. For Scope 2 emissions, Novamont aims for a 25% reduction from 2021 levels by 2030, a 30% reduction from 2020 levels by 2030, and a 30% reduction in indirect emissions (Scope 2) from 2017 levels by 2025. Additionally, Novamont aims to reach near-zero direct emissions related to energy production (Scope 1 and Scope 2) by 2025.

Novamont S.p.A. is a current subsidiary of Eni S.p.A., and some of its climate-related information, such as CA100 initiative participation, is cascaded from its ultimate parent through this corporate family relationship. However, the emissions data and reduction targets detailed above are directly from Novamont S.p.A.