The Board of Directors of MAIRE S.p.A. approved the corporate report based on the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD), marking a significant step towards greater transparency and proactive management of climate-related risks and opportunities.

This document, which has been issued on a voluntary basis, represents a concrete commitment to providing stakeholders with a clear and comprehensive view of how MAIRE is addressing and integrating climate challenges into its medium and long-term business strategy and decision-making processes.

The report considers both short-term and medium to long-term perspectives, with outlooks extending to 2030 and 2050. It includes an in-depth analysis on how three different climate change scenarios (based on IPCC data) could affect MAIRE’s operations and outlines the strategies and the solutions adopted to mitigate the potential effects of both physical risks, such as the impact of extreme weather events, on proprietary assets and ongoing projects, and transition risks, related to the shift towards a low-carbon economy.

As part of the TCFD project, MAIRE has integrated climate considerations into its risks and opportunities management systems. This approach ensures that every strategic and operational decision is supported by a thorough analysis of climate-related impacts, enabling the company to effectively anticipate challenges and capitalize on relevant opportunities.

Within its sustainability strategy, MAIRE has defined an ambitious decarbonization plan with clear and achievable objectives: 35% reduction in Scope 1 and 2 emissions[2] by 2025 compared to the 2018 baseline, 9% reduction in Scope 3 Intensity on value added[3] by 2025 compared to 2022. Carbon neutrality for Scope 1 and 2 emissions is targeted by 2029 and for Scope 3 emissions by 2050.

Alessandro Bernini, MAIRE CEO, commented: “This TCFD report represents a significant step in MAIRE's strategy to integrate climate resilience into all its operations, demonstrating a concrete commitment to sustainability and operational excellence in a continually evolving global context, also taking into consideration the upcoming Corporate Sustainability Reporting Directive regulation.”