FINCANTIERI SCORES HIGH ON DECARBONISATION SCALE

Feb 12, 2024 | Shipbuilding & ship repair news

Italian shipbuilding group Fincantieri says that for the fourth consecutive year, it has received an ‘A’ score from CDP (formerly Carbon Disclosure Project) – a reference independent non-profit organisation for environmental reporting – placing the Group in the Leadership band.

This score is higher than the Europe regional average of B and confirms the strategic centrality of ESG topics in the 2023-2027 Business and Sustainability Plan, which sees the Group on the front lines as an enabler of the green and digital transition for the shipbuilding sector.

Specifically, CDP acknowledged Fincantieri‚Äôs commitment to the decarbonisation not only of the product and maritime transport, but of the entire production cycle. The targets taken into consideration include a 20% reduction in Scope 1 and 2 GHG emissions by 2030, the Net Zero cruise vessel by 2050 – a goal which Fincantieri aims to achieve ahead of schedule – and the aim to obtain 100% of the group’s electricity from renewable sources (such as hydroelectric, wind and solar) by 2030.

Lastly, CDP recognised the evolutionary acceleration of the multiple initiatives under way, from research and development on alternative fuels and new ship propulsion systems, to production process efficiency gains and optimisation at shipyards.

CDP assigns scores based on an assessment scale from D (minimum) to A (maximum), evaluating the performance of more than 23,000 companies in managing and monitoring the risks and opportunities connected to climate change, in relation to the demands of an extremely broad network of investors, customers and partners representing more than US$ 136trn in assets managed.

Image: Fincantieri Monfalcone shipyard (credit: Fincantieri)

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