A2A strengthens its commitment to decarbonization with Moody’s Net Zero Assessment

Achieving these targets requires solid short, medium, and long-term planning. In recent years, A2A has consistently worked to define and implement the initiatives and core elements of its decarbonization strategy, which have been incorporated into the Strategic Plan. This plan includes €16 billion of investments in the Energy Transition, in addition to €6 billion planned for the development of the Circular Economy, which is equally relevant for emissions containment.

The definition of these initiatives has always been a challenge and an ongoing evaluation, given the intrinsic complexity arising from the Group's multiple business activities. Increasing the installed renewable capacity is the main decarbonization lever in the short and medium term, as it will allow for a parallel reduction in production from traditional sources, with evident benefits for the Group's emission curve and the national energy system. An important milestone was the definitive phase-out of coal in 2023. However, long-term decarbonization will depend on the introduction of new technologies, which the Group is already exploring, though they are not yet scalable. One example is Carbon Capture Utilization & Storage (CCUS) plants, for which technical feasibility studies are underway for their application to waste-to-energy assets.

To have an objective assessment of these current and prospective elements, A2A submitted the elements of its transition plan to Moody’s Net Zero Assessment (NZA), an independent evaluation of companies' decarbonization targets and implementation capabilities. A2A received a final score of NZ-3, defined as “Significant,” on a five-level scale where NZ-1 corresponds to a leadership profile.

Moody's Net Zero Assessment evaluates not only the level of ambition of numerical targets across different time horizons (Ambition), but also provides feedback on the robustness of the strategic levers implemented and the transition plan towards a zero-emissions pathway, consistent with the goals of the Paris Agreement (Implementation). The third element of the evaluation concerns governance factors, which ensure the effective implementation of the plan and the achievement of the targets.

The Group views this assessment as an excellent result of the initiatives already in place and a confirmation of the quality of the actions planned for the coming years. Furthermore, the assessment serves as a useful tool for understanding future areas of development to further improve its commitment in the coming years.

A2A plans to publish more detailed information about its transition plan by 2025.