Inwit Publishes Its First Climate Transition Plan

Inwit, an Italian tower operator, has published its first Climate Transition Plan, the plan for the climate transition that integrates and strengthens its climate strategy. The document provides an overview of the climate objectives set by the company and the initiatives launched to achieve them in the target years, also defining a decarbonization plan, which includes concrete actions to fight climate change that are in line with the objective of the Paris Agreement to keep global warming within 1.5°C.

Inwit’s main climate objective is the net zero target by 2040, validated in January 2024 by the Science Based Targets Initiative ( SBTi ). This long-term objective strengthens the commitment to the transition to a low-carbon economy and is in addition to the short-term 2030 emissions reduction target, also validated by SBTi in 2022, which provides for a 42% reduction in direct and indirect emissions generated by the use of electricity (GHG Scope 1 and 2) compared to 2020 values.

“With the first plan for the climate transition, we confirm our commitment to the fight against climate change, providing evidence and transparency to the decarbonisation plan and the actions we are carrying out and intend to implement to reach net zero by 2040, one of the main environmental objectives envisaged in the corporate sustainability plan”, declared Michelangelo Suigo, Director of External Relations, Communication and Sustainability of Inwit, “This is how we continue to implement the transition path towards an increasingly sustainable business model.”

Inwit’s actions to achieve the decarbonisation objectives of the climate transition plan

The main actions in place and planned to achieve these objectives are described and envisaged in Inwit’s corporate sustainability plan, an integral part of the industrial plan. These concern investments in technological solutions aimed at making energy consumption more efficient, the purchase and self-production of electricity from renewable sources, awareness-raising and promotion among its suppliers of actions aimed at reducing the emission impacts of the production of its assets and related raw materials (steel for infrastructure above all), through innovative technologies and designs inspired by the logic of the circular economy.

At the same time, Inwit will offset, starting in 2024, its emissions through the purchase of certified and quality carbon credits in order to reach carbon neutrality for Scope 1 and 2 emissions starting from 2024 emissions, and then annually until net zero.

Part of this climate positive approach by Inwit is monitoring the risks and opportunities arising from climate change, in order to reap the benefits of the transition to a low-carbon economy, addressing and countering climate, physical and transition risks, and thus increasing business resilience.

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(Featured image by Luca Bravo via Unsplash)

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First published in ESG NEWS. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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