- Changes in regulation and legislation affecting the natural gas sector.
- Climate change physical risks (extreme weather events).
- Climate change transition risks (regulatory changes, market shifts, uncertainty of natural gas's future role).
- Geopolitical risks.
- Risks associated with area tenders for gas distribution.
- Credit risk.
- Risks associated with interest rate, inflation, and deflation fluctuations.
- Liquidity risk.
- Credit rating risk.
- Debt covenant and default risk.
Italgas S.p.A.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Italgas S.p.A. disclosed greenhouse gas emissions of 150.3 x 10^3 tCO2e/year. By scope: Scope 3: 129.0 x 10^3 tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
150.3 x 10^3 tCO2e/year
2023
Water Usage
137.17 x 10^6 lt/year
2023
Waste
378.4 tons/year
2023
Energy Use
425.0 TJ/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 129.0 x 10^3 tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 150.3 x 10^3 tCO2e/year |
| 2019 | 841.6K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced Scope 1 and 2 emissions by -22.2% compared to 2022 (market-based Scope 2). With the same GWP as 2022, the reduction would have been -3.9%.
- Reduced Scope 3 supply chain emissions by -29.6% compared to 2022 (Italian scope).
- Reduced net energy consumption by -31.4% compared to 2022.
- 99.2% of waste produced by the Group sent for recovery.
- 97.3% of waste produced by contractors sent for recovery.
- Connected the first biomethane plant to its network, producing 2.5 million cubic meters of biomethane annually.
- Connected two additional biomethane plants in Rome, with a total capacity of 2.6 million cubic meters per year.
🎯 Climate & Sustainability Targets
🔜 Short-term
- 90% of network digitized and monitorable by DANA by 2024 in Italy and 2026 in Greece
- 100% network ready to accommodate hydrogen by 2028
📅 Medium-term
- Reduce Scope 1 & 2 emissions by 42% and Scope 3 emissions by 33% by 2030 (2020 baseline)
- Reduce net energy consumption by 33% by 2030 (2020 baseline)
- 27% reduction in net energy consumption by 2028
- 34% reduction in Scope 1 and 2 emissions by 2028
- 30% reduction in Scope 3 emissions by 2028
🔭 Long-term
- Net Zero Carbon by 2050
🌱 ESG Focus Areas
Climate ChangeEnergy TransitionDigitalizationRenewable Gases (Biomethane, Hydrogen)Water ManagementEnergy EfficiencyWorkforce Diversity & InclusionSafetySupply Chain SustainabilityGovernanceCybersecurityStakeholder Engagement