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We consolidated our position in CDP’s “B-list” for climate action

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22 Dec 2023
READING TIME: 3 minutes
With the update of our rating in 2022 by CDP Climate, we have seen a clear improvement in our score compared with 2021, improving in 9 of the 11 categories assessed, with 6 reaching the highest level of Leadership (A/A-).

Climate Disclosure Project (CDP) is the leading platform for monitoring climate action initiatives of approximately 20,000 institutions, states, cities and companies across the globe.

Climate action is an urgent global challenge that requires the public and private sectors to work together.  Our commitment focuses on two areas: the development of sustainable infrastructure enabling the energy transition to low-carbon mobility for communities and the decarbonisation of the Group’s processes and activities.

We are pioneering the transparent planning of climate action initiatives in Italy, having put our Climate Action Plan to a Say on Climate vote by shareholders. The plan aims to reduce our direct CO2 emissions to zero by 2040 and encourage the decarbonisation of economic activity throughout the value chains in the motorway, airport, and mobility services sectors. Over 98% of shareholders voting in favour of the plan, one of the highest approval rates recorded by similar shareholder votes held in Europe in 2022.

 The centrality of ESG issues in our business strategy was also reinforced in 2022 through the adoption of a Sustainability-Linked Financing Framework, embedding sustainability in the Company’s financing strategy in response to the growing importance of such concerns for global investors.