Our priority and efforts are focused on the decarbonisation initiatives described in the Climate Transition Plan, in particular the reduction of scopes 1 and 2 emissions, reflected in the increase in process efficiency and investment in low carbon solutions.
Our supply chain engagement programme to reduce the Group’s GHG emissions will enable scope 3 emissions to be calculated more accurately, by incorporating more primary data on product emissions, and help strengthen cooperation with our suppliers and service providers in its efforts of reducing our carbon footprint.
It should be made clear that under this plan the Group’s Companies are not exposed to locked-in greenhouse gas emissions associated with their main assets and products and, as such, they are not included as a transition risk. Moreover, our Companies are included in the EU Paris-aligned benchmarks as defined in point E1-1 paragraph 16(g) of Annex I of the European Sustainability Reporting Standards (ESRS).
The plan details planned actions and those underway to achieve the goals we have set. In this subchapter we describe the main progress made in each of these areas in 2024.