The Feralpi Group is now in the list of European companies that have been most successful at reducing their greenhouse gas emissions by revenues over the period 2015-2020
Feralpi Holding is the only Italian company operating in the steel industry
Lonato del Garda (Brescia), 8 April 2022 – Technological investments, expertise and many years of reporting have led the Feralpi Group, one of Europe's leading steel producers, to be among Europe's Climate Leaders 2022 as ranked by the Financial Times. (Click here to see the list published by the FT).
Compiled from data collected by Statista's Business Data Platform on more than 4000 companies on financial and non-financial reporting, the list includes companies based in Europe that showed the highest reduction in the amount of emissions, i.e. their main GHG emissions intensity as a proportion of their revenues, between 2015 and 2020. The 400 companies selected are therefore those that achieved the highest reduction in their greenhouse gas emission intensity between 2015 and 2020.* Emission intensity is defined as tonnes of CO2-equivalent emissions per €1 million of revenue.
There are only three Italian companies in the 'Construction & Building Materials' cluster to which Feralpi belongs (total 19, including all sectors), and it is the only Italian company active in the steel industry.
The analysis mainly focused on Scope 1 (direct) and Scope 2 (indirect emissions from energy consumption) climate-changing gases.
According to Statista's analysis conducted on behalf of the Financial Times, the year-on-year reduction in intensity (scopes 1 and 2) over the period 2015-2020 was 9%, while emission intensity, calculated as GHG tonnes per million of euros of revenue, was 760.5.
Ranked among Europe’s Climate Leaders 2022 by the Financial Times and Statista – comments Vincenzo Maragliano, Group CFO – bears witness to our commitment to making progress towards the net zero industry, reducing our Group's carbon footprint year after year by using the latest technologies and developing increasingly circular industrial models. Last but not least, the integration of a climate strategy in our business plan with the measurement of ESG (environmental, social, governance) KPIs, plus the fact that we have been reporting non-financial performance according to international standards since 2004, all contributed to this achievement.