(Finance) – The Board of Directors of MAIRE today approved the group report based on the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD), marking a significant step forward towards greater transparency and proactive management of climate-related risks and opportunities.
The document, explains a note, issued on a voluntary basis, confirms the concrete commitment of MAIRE to provide stakeholders a clear and comprehensive vision of how the Group is addressing and integrating climate challenges into its medium- and long-term strategy and decision-making processes.
The report covers both short-term and medium-long term perspectives, with forecasts extending to 2030 and 2050. It includes an in-depth analysis of how three different climate change scenarios (based on IPCC data) could impact MAIRE’s operations. It also outlines strategies and solutions adopted to mitigate the potential effects of both physical risks, such as the impact of extreme weather events on owned assets and ongoing projects, and transition risks related to the shift to a low-carbon economy.
The results highlight a low level of exposure both physical and transition risks, further balanced by business opportunities arising from the development of technological and engineering solutions dedicated to decarbonisation and energy transition. These highlight the Group’s ability to adapt and evolve in a rapidly changing environment with an increasingly resilient business model.
As part of the TCFD project, MAIRE has integrated climate considerations into its risk and opportunity management systems. This approach ensures that every strategic and operational decision is supported by a thorough analysis of the climate impactsenabling the company to effectively anticipate climate-related challenges and capitalize on climate-related opportunities.
In the context of his sustainability strategyMAIRE has defined an ambitious decarbonisation plan with clear and achievable objectives: 35% reduction in Scope 1 and 2 emissions by 2025 compared to the 2018 baseline, 9% reduction in Scope 3 intensity on added value by 2025 compared to 2022. The objective is carbon neutrality for the emissions Scope 1 and 2 by 2029 and for Scope 3 emissions by 2050.
Alessandro Bernini, CEO of MAIREcommented: “This TCFD report represents a significant step in MAIRE’s strategy to integrate climate resilience into all its activities, demonstrating a concrete commitment to sustainability and operational excellence in an ever-changing global context, also in light of the upcoming regulation of the Corporate Sustainability Reporting Directive”.