In 2024 Ferroli launched different emissions projects to get an overview of the emissions produced by the Group, involving all plants at different levels. The first project was the calculation of Scope 1&2 emissions.

Scope 1&2 emissions have been calculated for plants and commercial sites worldwide. These two categories cover emissions linked to the Company’s energy consumptions, over which Ferroli has total control. The reference standards for this calculation are UNI EN ISO 14064-1:2018 and Greenhouse Gas Protocol. According to the GHG Protocol, Scope 1 emissions are direct emission owned or controlled by a company, such as natural gas used for the heating systems and fuels directly used on the equipment (LPG). Scope 2 emissions are indirect emissions from purchased electricity, steam, heating and cooling, generated outside but consumed by the company.

As said before, we collected data for 17 commercial sites and plants with reference data for the year 2023. After a deep analysis, we understood that Scope 1&2 emission of Ferroli Group amounts to 19.225 tCO2e, of which:

1. China: 33%
2. Italy: 28%
3. Spain 19%
4. Vietnam: 16%
5. Rest of Europe: 4%

Plants make up for 97% of the Group’s Scope 1&2 emissions, with a focus on gas and electric energy.

Scope 2 emissions are linked to the use of electricity, imported from the grid: they are obtained by multiplying the energy withdrawals from the grids (in MWh) by the proper emission factor, which is country specific. The value of Scope 2 emission depends on how much electricity the plant/the site takes from the grid and from which sources (renewable or not) the country obtains electricity.

Plants in Heshan, Qingdao (China) and Bucharest (Romania) already have photovoltaic installations, decreasing the electricity needs from those plants. In fact, the electricity needs are met by purchasing electricity from the grid and by self-consumption of the energy produced by these plants.

Now we understand our starting point for Scope 1&2 emissions, we are ready to calculate those factors every year. Our goal is to decrease the total amount of tCO2e produced and depict the trend through a specific decarbonization plan. In fact, once Scope 1&2 emissions are calculated, hotspots of emissions can be detected and opportunities for emissions reduction strategies can be identified.

In 2025 we will implement our decarbonization plan, starting from Ferroli Italy. Our decarbonization plan involves energy efficiency interventions (both technological and managerial) and compensation actions. Possible interventions have been evaluated also with on-site inspections.

Furthermore, each commercial site received, at the beginning of 2025, a vademecum on best practices on how to contain emissions, such as efficiency actions (relamping, PV pannels) and soft actions (installation of water dispenser in offices, good practices of energy management).