Task Force on Climate-Related Financial Disclosure
Implemented at A2A, we have a clear system of identification, assessment and management of the risks and opportunities related to climate change, integrated in the Group’s enterprise risk management (ERM) process
Our transparency is also demonstrated by our compliance with the guidelines of the Task Force on Climate-Related Financial Disclosure (TCFD), which commits us to identifying and reporting the most significant climate-related risks and opportunities and their economic impact on our business.
Net Zero
Abbiamo definito un piano industriale per portarci a zero emissioni entro il 2040
A2A ha voluto ribadire anche nell’ultimo aggiornamento di Piano Strategico il proprio impegno verso la transizione ecologica dichiarando di voler raggiungere il Net Zero per le emissioni Scope 1 e Scope 2 entro il 2040.
Il percorso di decarbonizzazione di A2A
Per raggiungere tale obiettivo Il gruppo ha identificato tre fasi di azione: una prima fase con investimenti nelle fonti rinnovabili e avvio di progetti pilota di Carbon Capture Utilization & Storage (CCUS); una seconda fase incentrata sul phasedown di alcuni impianti carbon intensive e introduzione di nuove tecnologie e una terza fase di estensione degli impianti CCUS, crescita nelle RES e possibili compensazioni per le emissioni residue.
I pillars verso il Net zero
A2A ha pubblicato un documento di commitment per la riduzione delle emissioni lungo tutta la propria catena del valore (Scope 3) focalizzato sull’accelerazione della transizione energetica con le proprie tecnologie, sugli investimenti responsabili, sulla promozione dell’engagement a impatto positivo con tutta la propria value chain e l’implementazione di pratiche aziendali sostenibili.
I risultati 2022
Complessivamente, nel 2022 il ricorso a termovalorizzazione, produzione da fonti rinnovabili e cogenerazione efficiente ha consentito di evitare la produzione di 2,3 milioni di tonnellate di CO2 e di risparmiare quasi 1 milione di TEP di energia primaria.
Risks and opportunities
Climate-related risks and opportunities are identified on the basis of three temporal horizons: short-term (corresponding to the following year), medium-term (five years) and long-term (10 years or more).
The choice of these horizons is based on the analysis of the climatic, economic, energy and regulatory context of reference, and in line with the Group’s Strategic Plan.
There follow some examples in which we describe climate-related risks and opportunities for A2A Group, identified in line with both the TCFD guidelines and with the Group’s method and process of risk assessment. For each climatic issue, we indicate the business affected, the classification according to TCFD categories, the temporal horizon on which the risk or opportunity may occur. In addition, there is a description of the impacts for the Group and the management strategy.
The ERM foresees in-depth analysis with the purpose of quantifying the impacts of climate-related risks and opportunities on the Group’s economic-financial risks. The impact probability heatmap shown below illustrates the reference scenarios shown above to identify the risks and opportunities related to climate change, which help give insights to the management and ensure the resilience of the A2A business model.
Legend
| CC1 | Change in the precipitation regime | Risk/Opportunity |
| CC2 | Competition on water use | Risk |
| CC3 | Emission allowances | Risk/Opportunity |
| CC4 | Thermal energy demand for heating | Risk |
| CC5 | Energy efficiency systems | Opportunity* |
| CC6 | Efficiency of electricity distribution networks | Risk/Opportunity |
| CC7 | Scarcity of water for drinking water use | Risk |
| CC8 | Extreme weather events | Risk |
| CC9 | Green Financing Framework | Opportunity |
| CC10 | Plant cooling | Risk |
For economic and financial risks and opportunities, the impact scales refer to impacts on EBITDA,
downside for risks and upside for opportunities.
(low impact: less than 5 M€/a; medium impact: between 5 M€/a and 20 M€/a; high impact: greater than 20 M€/a).
* the margins of the CC5, CC6 and CC7 opportunity are already included in the Business Plan forecasts.
Quantify impacts and opportunities
Furthermore, so as to include these considerations in an increasingly structured way in the assessments of the financial impacts of climate change, the ERM function has carried out further in-depth analysis to quantify the impacts of climate risks and opportunities on the Group’s economic-financial risks. Such effects are assessed in terms of variations in the Group’s overall EBITDA as foreseen in the Business Plan.
Group Plan EBITDA of Physical Impacts
Group Plan EBITDA Incidence of Transition Impacts
Useful resources
Services
A2A S.p.A. - P.I. 11957540153