Leading Our Business Towards Decarbonization

IMA’s commitment to decarbonization has been a cornerstone of its operational strategy, reflecting the company’s dedication to environmental responsibility and innovation. The journey towards a more sustainable future has been marked by a series of significant milestones, each contributing to IMA’s achievements in reducing its carbon footprint and promoting sustainable practices.

Timeline of Significant Decarbonization Milestones

2012:

• The Group began measuring Scope 1 and 2 CO2 emissions for some companies within the Group, including IMA S.p.A.

2014:

• Started purchasing electricity from renewable sources.

2015

• Made initial renewable energy investments by installing photovoltaic systems and introducing solar thermal collectors, significantly boosting the use of renewable energy.

2019:

• Launched the Sustainable Mobility Plan and started an energy efficiency program.

2020:

• Began supporting the Valle Morosina project to neutralize Scope 1 and 2 emissions.

2021:

• Completed the calculation of our Corporate Carbon Footprint using ISO 14064-1, with third-party certification.
• Initiated projects to reduce natural gas consumption, contributing to lower Scope 1 emissions.

2022:

• Achieved more than 50% of energy consumption from renewable sources and recycled or recovered over 60% of waste.

2023:

• Achieved an 11% reduction in CO2e emissions (Scope 1 + 2 Market-Based) compared to previous years.
• Earned a B Score in CDP Climate Change.
• Sourced 60.96% of energy from renewables, avoiding 12,373 tons of CO2e (Scope 2).
• Reached ISO 50001 certifications for IMA S.p.A., demonstrating commitment to energy management.

Measuring Our Impact

IMA calculates its Corporate Carbon Footprint using the GHG protocol, ensuring rigorous and transparent reporting of its greenhouse gas (GHG) emissions. This annual inventory covers all relevant categories, including Scope 1 (direct emissions), Scope 2 (indirect emissions from purchased electricity), and Scope 3 (other indirect emissions). This comprehensive measurement system allows IMA to monitor its progress and identify areas for improvement effectively.

IMA’s decarbonization strategy involves a multi-faceted approach to reduce emissions across all scopes:

Scope 1 (Direct Emissions):

• Reduced through decreased natural gas usage, improved fleet management, and minimizing refrigerant gas leaks.

Scope 2 (Indirect Emissions):

• Significant reductions achieved by increasing the share of renewable energy.

Scope 3 (Other Indirect Emissions):

• Comprehensive measures to reduce emissions across the value chain, including water consumption, waste management, and logistics.

Future Goals

IMA is actively exploring science-based climate targets in line with the European Green Deal and the Science Based Target Initiative (SBTi), aiming to further reduce its ecological footprint and achieve long-term decarbonization goals. The company plans to commit to SBTi within the year 2024, continuing to drive positive environmental change.