In 2010, the Group joined the Carbon Disclosure Project, an international initiative backed by more than 500 large institutional investors
to collect information from top global companies on collect information on their
greenhouse gas (GHG) emissions and strategies for addressing risks and opportunities deriving from
climate change.
For banking and insurance companies, greenhouse gases emitted into the atmosphere
during business operations can mainly be attributed to the consumption of electrical
energy and energy used by heating/air-conditioning systems and for the purposes
of mobility.
As far as the emission of greenhouse gases from direct or indirect consumption
of energy from fossil fuels is concerned, there have been estimates of the emissions
from the consumption of fuels for heating (natural gas and diesel fuel), electrical
energy, district heating and corporate mobility, where corporate mobility refers
to mileage travelled by car, train or airplane by employees on duty.
In 2010, total GHG emissions were equal to 67,377.4 tonnes of carbon dioxide equivalent (CO2e) obtained by converting the quantities of nitrous oxide (N2O) and methane (CH4) using suitable coefficients. The above mentioned emissions derive 27.6% from
the consumption of electrical energy, 19.8% from thermal energy and 52.6% from
corporate mobility.
The GHG emissions are given below, grouped together into three different categories
(scopes) adopting theGreenhouse Gas Protocolapproach.
Scope
Quantity of
greenhouse gas emissions
Percentage of
total emissions
Scope 1-Direct emissions, produced by heating systems and the corporate fleet
of cars
12,506.1 tonnes of CO2e
18.6 %
Scope 2-Indirect emissions from energy consumption, associated with the use of electrical
energy from fossil fuels and district heating
25,781 tonnes of di CO2
38.2 %
Scope 3-Indirect emissions not from energy consumption, connected to the employee work
journeys
29,090.3 tonnes of CO2e
43.2%
The emissions have been estimated using the Greenhouse Gas Protocol guidelines,
from the World Business Council on Sustainable Development (WBCSD) and the World
Resources Institute (WRI), and the emission factors in the calculation tools.
A Distance-based Methodology approach has been adopted for emissions relating
to corporate mobility.
