Growth of all financial objectives, investments and sustainable economic value.
Strong contribution to the acceleration of the country decarbonization thanks to a diversified portfolio with renewables and bioenergy
Further growth in direct hires compared to the previous plan: 7,000 in the ten years of the Plan for a total of 15,000 employees at the end of 2030 “The first year of the 2021-2030 Business Plan was significantly above expectations both from an industrial and economic results point of view, with a daily commitment to pursuing the ESG objectives we have set ourselves. Leveraging on the strong growth capacity demonstrated by all the Group's business units, we have decided to further increase investments by allocating 18 billion euros to the ecological transition,” comments Renato Mazzoncini, CEO of A2A. “The update of the Plan sets out to bring forward by 10 years the common goal of zero emissions, further expand our presence in Italy and establish new and even more ambitious business targets. We aim to be protagonists of the country's decarbonization process, thanks to our ability to guarantee both renewable electricity and sustainable molecules such as hydrogen and biomethane, in line with the provisions of European directives.”
Milan, 27th January 2022 – The Board of Directors of A2A, chaired by Marco Patuano, examined and approved the update of the 2021-2030 Industrial Plan, which strengthens the commitment to decarbonization with an additional two billion euros in investments, in advance of the objectives set by COP26.
The Plan lays the basis for achieving zeroing of direct and indirect emissions (both scope 1 and scope 2) generated by the Group in 2040 and strengthens the businesses that can contribute to the country's ecological transition.
Circular economy and energy transition are confirmed as the two pillars of the Plan that encompass the concrete actions of the Group, to which all the Business Units (Energy, Environment and Smart Infrastructures1) contribute.
2021 beyond expectations
The new strategy has allowed A2A to grow in the first year of the current ten-year Plan, to consolidate its businesses and strengthen its presence throughout the country.
In the context of the circular economy, the Group has finalized the acquisition of the only industrial waste treatment plant in Calabria, while new applications have been filed for the construction of waste treatment and disposal infrastructures in various regions of central and southern Italy.
To support the energy transition, portfolios of generation plants from renewable sources have been acquired, making it possible to bring forward the objectives of increasing the generation of green energy provided for in the Plan by two years. The agreements signed in February 2021 with Octopus Renewables and, in the last few days, with Ardian also go in this direction, which can enable A2A to acquire portfolios of both wind and photovoltaic plants located in Italy and Spain with a total power of 173 MW (Octopus) and 352 MW (Ardian). These operations will make it possible for the Group to consolidate its position as the second operator in renewables and its presence in Italy, also representing a first step in the development of renewable plants in Europe. The growth of the customer base also outside the historical perimeter of A2A, thanks to the award of various lots in the Auctions for the Gradual Protection Service and a new impulse to commercial development towards business customers, has expanded the national dimension of the Group.
Ecological transition trend
The geo-political context and the evolution of the climate emergency have contributed to making the strategic pillars of the A2A Plan even more solid: circular economy and energy transition. COP26, held in Glasgow, highlighted the need to achieve decarbonization by 2050 and reinforced the importance of the greenhouse gas emissions targets set out in the Paris Agreement.
In the light of this raised awareness, A2A has also decided to bring forward the zero emissions target by 10 years. By 2040, the Group will achieve carbon neutrality on direct and indirect emissions (so-called scope 1 and scope 2) through a balanced and gradual mix of interventions: development of renewable energies, carbon capture and phase-down solutions for carbon intensive businesses. This virtuous path foresees the improvement of the Group's emission intensity by 2030 compared to the objective approved by the Science Based Targets initiative (216 gCO2/kWh in the current Plan vs 230 gCO2/kWh certified SBTi) and consequently the reduction of 49% of specific emissions of A2A compared to 2017.
Decarbonization and energy transition are also supported by the synergic contribution of the second pillar of the Plan, the circular economy. In fact, two important components derive from its valorization: green molecules such as those of hydrogen and biomethane.
New Strategic Developments: sustainable mobility, green hydrogen, bio-methane
The main new elements of the Plan update are part of the global goals of reducing the carbon footprint. About 30% of CO2 emissions in Italy derive from the mobility sector. Reducing CO2 emissions from the transport of goods and people will be possible with an increasingly significant penetration of electric cars and heavy vehicles powered by hydrogen and bio-LNG. In 2021, 8% of cars sold in Italy were electric (pure and plug-in hybrids) and this percentage is destined to grow in the coming years. To encourage the adoption of this sustainable mobility model, A2A has quadrupled the installation of infrastructures envisaged compared to the previous Plan: 24 thousand electric recharging points by 2030 with a focus on low power (up to 7kW) and high power (over 50kW) to favour both slow (e.g. overnight) and rapid (similar to that of traditional filling stations) delivery modes. For those mobility 4 segments whose evolution is not foreseen towards electricity, A2A wants to make available green solutions such as green hydrogen and bio-LNG. In fact, the Group plans to develop over 60 biomethane plants, of which at least five with liquefaction to obtain bio-LNG, while to produce hydrogen it will be possible to exploit sources of energy produced continuously such as that of waste-to-energy plants, with a decentralized business model based on local ecosystems at the service of industry and heavy transport.
1 New denomination of BU Networks
Head of Media Relations, Social Networking and Web
Silvia Merlo - Silvia Onni
email@example.com - Tel. +39-02 7720.4583
firstname.lastname@example.org - Tel. +39-02 7720.3974