Actioning the Group
climate commitment
on all fronts
Limiting global warming to below 1.5°C will require
us to achieve the global net-zero emissions target
by 2050.
Across the Group, we are making our own
contribution to the virtuous development of our
industry. From a greener energy mix to using less
energy more eff iciently in our industrial processes and
promoting the circular economy, our activities and
their subsidiaries are constantly using their expertise in
innovation to reduce their carbon footprint.
We have been on our current trajectory of reducing
direct and indirect greenhouse gas emissions since
2023. Scope 1 emissions originate in burning the
energy needed to run our production plants and
off ices, the fuel that powers our vehicles and the
industrial processes we use. Scope 2 emissions
originate mainly from electricity generated externally
but used by our activities. Both of these categories
share the same target and milestones:
-10%
by 2030
-20%
by 2040
Scope 3 emissions
have their own
trajectory
The trend in Group
carbon intensity
(TeqCO
2
/tonne produced)
The trend in carbon
intensity by activity
(TeqCO
2
/tonne produced)
Scope 3 greenhouse gas emissions are
those over which the Group has no
direct control and cover every stage
of the product life cycle, from our
purchase of raw materials to end-of-life
management, etc.
An initial assessment conducted in 2024
identif ied major opportunities for
improvement in relation to our main
sources of emissions, which are the raw
materials we purchase and the real-world
use of our products.
CO
2eq
Scope 3 targets
-10%
by 2030
CO
2eq
-30%
by 2040
Scope 1 & 2 targets
On the basis of these results, we have set
specif ic targets covering more than 80%
of our emissions:
2024 2023 2022
Magnesia
1.539
1.602
1.585
Paticeo
0.119
0.121
0.121
GROUP
0.189
0.184
0.166
Phosphea
0.106
0.109
0.116
Packaging
0.088
0.092
0.081
TIMAC AGRO
0.033
0.037
0,032
*Percentage share contributed by each activity to the Group
total in tonnes produced
Changes
in business
mix*
Decarbonisation Changes in
scope
-3.9%
2022
0.166
2024
0.184
+9.3%
+5.4%
Non-Financial Performance Statement 2024 23