In recent years, the climate crisis has intensified amid international and economic tensions, demanding responsible and long-term responses. In 2024, the concentration of CO2 in the atmosphere reached a record level of 423 ppm, and global temperature exceeded, for the first time, 1.5°C above pre-industrial levels—the warming limit set by the Paris Agreement. These numbers translate into growing risks: heatwaves, extreme weather events, glacier melting, and rising sea levels. For this reason, climate change mitigation is a central issue not only for businesses, but for global stability.
It is within this framework that we deemed it essential to equip ourselves with our first Climate Transition Plan, strengthening a decarbonisation strategy that the Group has had in place for years: a strategic tool designed to guide and make transparent the journey towards Net-Zero. With this document, for the first time, we extend our vision beyond 2035, outlining scenarios and objectives up to 2050, in line with the Paris Agreement and the global commitment to keep warming well below 2°C.
Our strategy embraces the entire value chain, from the development of renewables to the recovery of waste heat, from sustainable waste management to solutions for energy efficiency and electric mobility. With this approach, we aim to promote the decarbonisation of businesses throughout the supply chain, committing to reducing supplier emissions by 30% and those from gas sold to end customers by 22% by 2035.
The final goal is ambitious: Net-Zero across all emission scopes by 2050.
It is a challenge we face with the strength of our industrial expertise, the drive for innovation, and a vision that integrates environmental, economic, and social responsibility.
Our objectives are clear and measurable:
-61%
Scope 1+2 emission factor by 2035 compared to 2017
gCO2e/kWh
~90%
reduction of total carbon footprint compared to 2023 and purchase of removal credits to offset residual emissions.
MtonCO2e
We expect over 23 billion euros of investments in the period 2024-2035: 70% allocated to the energy transition, 30% to the circular economy, and 75% eligible under the criteria of the European Taxonomy.
23B€
Total CAPEX 2024-35
Of these, around 7 billion are specifically allocated to reduction levers focused on the Group's individual businesses, with the aim of enabling our decarbonisation and that of our clients and all citizens.
€B
~70%
CAPEX for Energy Transition 2024-35
We expected growth of 14 p.p. and ~75% of sector breakdown of average elegibility.
%
14p.p.
Expected growth 2026-35
The Climate Transition Plan in English will be available during the second week of December.
(upon registration on the website)
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