Impact Investing
Inwit Publishes Its First Climate Transition Plan
Inwit aims for net zero by 2040, validated by the Science Based Targets Initiative (SBTi). This complements its 2030 goal to reduce direct and indirect emissions by 42% compared to 2020 levels. Inwit’s sustainability plan includes energy efficiency, renewable energy, and carbon credits. The company seeks to enhance resilience and address climate risks.
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)
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
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.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us
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