𝐀 𝐂𝐥𝐨𝐬𝐞𝐫 𝐋𝐨𝐨𝐤 𝐚𝐭 𝐏𝐫𝐚𝐝𝐚 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐑𝐞𝐩𝐨𝐫𝐭 𝟐𝟎𝟐𝟑
𝐂𝐚𝐫𝐛𝐨𝐧 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞
The Group’s GHG reduction targets approved by the SBTi were officially announced at the Capital Markets Day in November 2021:
* Reduce absolute Scope 1 and 2 GHG emissions by 29.4%, by 2026 from a 2019 base year;
* Reduce absolute Scope 3 GHG emissions by 42%, by 2029 from a 2019 base year.
⭐ Performance in 2023 toward the targets:
42% natural gas in industrial facilities;
71% of fleet units made up of green vehicles;
89% of electricity purchased from the grid covered by Go)s and I-RECS;
+67% self-produced renewable electricity (Mwh)
13% industrial electricity consumption covered by photovoltaic systems.
𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬
My impression after reading Prada’s report is that the Group is actively addressing Scope 1 & 2 emissions through a portfolio of projects, such as manufacturing electrification, EVs fleet, energy efficiency upgrades (LEED), RECs utilization and solar installation in manufacturing plants.
Specifically:
🚗 Company fleet emissions contribute 11% to Prada's total Scope 1 & 2 emissions in 2023.
🚗 The Prada Group significantly increased its green fleet in 2023, reaching 71% by year-end. This marks a substantial rise from 54% in 2022, achieved by progressively replacing gasoline and diesel vehicles with hybrid and electric ones.
𝐑𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐚𝐭𝐢𝐨𝐧
Scope 1 and 2 emissions should be disaggregated by components, such as locations and business units, to facilitate alignment between performance and initiatives.
Today, #PradaGroup presented its 2023 #SustainabilityReport in line with its three pillars of intervention: Planet, People and Culture.
Discover the full 2023 Report here: https://bit.ly/3VBDi4K
#PradaGroupImpact
Founder & CEO, Group 8 Security Solutions Inc. DBA Machine Learning Intelligence
7moThank you for your valuable post!