Atlantia for sustainability
Added on Tue May 31st, 2022
Atlantia, a strategic investment holding that manage motorways and airports (as Rome and Cote d’Azur airports), has developed a multi-year plan for sustainability. The goal of the project is to decrease CO2 emission to face climate change.
This plan for sustainability has been encouraged by Climate Action 100+, the world’s largest group of investors. According to a report of the International Energy Agency (IEA), Climate Action 100+ points to the need to implement a transformation of industrial processes and a rapid transition to green fuels by 2030, a full 10 years ahead of the commitments made in the Paris climate agreement. By that date, 16% will have to come from advanced biofuels and 2% from synthetic fuels. To get an idea of the numbers, utilisation in 2020 of biofuels was less than 0.1%.
Measures in place include limiting the use of flights for business or leisure travel by diverting demand to high-speed trains.
Atlantia’s plan includes the gradual electrification of light and heavy vehicles, the use of energy from renewable sources, the efficiency of lighting systems using LED technology, and the search for materials with a lower environmental impact. Atlantia will involve more technologically advanced suppliers that are concerned about the reuse and recycling of materials.
This is the first time in Italy that the decarbonisation plan has been put to a vote at the shareholders’ meeting. This plan will be submitted to a non-binding vote every three years to report the goals achieved and to act with adjustments in response to regulatory, legislative, technological and operational developments.
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