Acciaierie Venete has recently undergone an in-depth ESG transformation to renew the long-standing commitment to the environment and the local communities, identified as top priorities along our business development.
This is one of the reasons why our Sustainability Committee and ESG team are working to plan a short- and long-term strategy to progressively reduce our CO2 impact and produce steel in line with SBTi regulations, an initiative that we have recently joined.
The decarbonization plan, which will be soon shared with our stakeholders, will be complemented by the deployment of a rigorous certification process. Through this process, the company aims to transparently disclose the overall carbon footprint, as well as the one for each specific product.
The pilot study carried out with Enel X has been refined and expanded according to ISO14064 to determine the total emissions of our eight production plants, for all three emission categories, i.e. Scope 1, 2 and 3.
Due to the higher variability of factors affecting engineering steel, a more rigorous certification approach is needed; we are therefore starting to implement the ISO14067 Systematic Approach Management System. This will enable us to define more precisely the Carbon Footprint of each product in our range by late 2024, at this stage.
In the meantime, with the aim of providing the most accurate information possible on the emissions performance of the steel leaving our plants, we have developed indicative GHG KPIs for product macro-categories.
These values were taken from ISO14064 and they express the certified average CFP of continuous casting steel, hot rolled steel and hot rolled steel with additional treatments.
On top of this, from mid-2024, we will offer certified carbon-neutral steel, which will be obtained by offsetting the emissions generated by each order using carbon credits and through a RINA Certified procedure called GO2CARB0N NEUTRAL, inspired by ISO14068.
To summarize, the complexity of our production cycle, the variety of the requests we get, the different markets served and the ever-changing regulatory system, make this path particularly difficult to manage, both in terms of decisions and timing.
Looking at the future with ambitious goals and a positive attitude, we would like to reaffirm our previously announced commitment in this sense, as we are ready to feed an even more sustainable supply chain.
