Climate Change Data

Italiana Petroli S.p.A.

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:525,903 tCO2e/year (Scope 1)
Scope 1 Emissions:525,903 tCO2e/year
Scope 2 Emissions:75,074 tCO2e/year
Scope 3 Emissions:28,450,851 tCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:10,193 TJoules/year
Water Consumption:3,787,526 m3/year
Waste Generated:6,828 tons/year
Carbon Intensity:0.063209466 tonnes of CO2eq per tonne of product sold (Scope 1)

ESG Focus Areas

  • Climate change
  • Mobility
  • Integrity
  • Respect
  • Expertise

Environmental Achievements

  • Reduction in atmospheric emissions of more than 300,000 tonnes of CO2 through OPTIMO fuel (equivalent to reducing the total direct emissions of the Group’s industrial activities by more than 50%).
  • 6,000 tonnes of biofuels produced from waste through co-processing activities at the Falconara Marittima Refinery.

Social Achievements

  • Ranked first in Italy’s Best Customer Service 2022-2023.
  • Agreement with trade unions to help operators meet extra costs from increased fuel bills.
  • Various community investment initiatives, including support for flood-affected schools and refugee aid.

Governance Achievements

  • Adoption of a Sustainability Policy and Guideline.
  • Implementation of an organisational, management and control model (MOGC) according to Legislative Decree 231/2001.
  • Establishment of a Supervisory Body (SB) to oversee the MOGC.

Climate Goals & Targets

Long-term Goals:
  • Development of a new technology for producing synthetic fuels from CO2 recovery using sustainable hydrogen.
Medium-term Goals:
  • Construction of new service stations equipped with natural gas, LNG, electric fast and ultrafast charging, and other technologies.
Short-term Goals:
  • Installation of vapor recovery systems on bitumen tanks by 2025.

Environmental Challenges

  • Energy supply security challenges due to the war in Europe.
  • Market volatility and inflation.
  • Transition to a more sustainable mobility model.
  • Predatory attacks on external payment terminals.
Mitigation Strategies
  • Assuring continuity of energy supply and fuel production.
  • Navigating market conditions prudently and responsibly.
  • Investing in renewable energy, electric charging infrastructure, and LNG filling stations.
  • Improving point-of-sale protection through video surveillance and anti-skimming devices.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Prioritization of Italian suppliers.
  • Objective assessment of supplier qualification, including ethical, economic, financial, technical, managerial, safety, environmental, and social aspects.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather phenomena
Transition Risks
  • Failure to adapt to climate change
Opportunities
  • Development of energy-efficient products and alternative fuels.

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 45001, ISO 14001, ISO 9001:2015

Third-party Assurance: EY S.p.A.

Sustainable Products & Innovation

  • OPTIMO fuel

Awards & Recognition

  • First place in Italy’s Best Customer Service 2022-2023.

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:520,651 tCO2e/year (Scope 1)
Scope 1 Emissions:520,651 tCO2e/year
Scope 2 Emissions:72,548 tCO2e/year (Location-Based), 105,154 tCO2e/year (Market-Based)
Scope 3 Emissions:29,967,710 tCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:10,008 Tjoule/year
Water Consumption:3,665,924 m3/year
Waste Generated:8,659 tons/year
Carbon Intensity:0.059 tCO2e/ton of product sold (Scope 1); 0.008 tCO2e/ton of product sold (Scope 2); 3.413 tCO2e/ton of product sold (Scope 3)

ESG Focus Areas

  • Climate Change
  • Socio-economic development
  • Supply chain sustainability
  • Energy Transition
  • Sustainable Mobility

Environmental Achievements

  • Reduced direct CO2eq emissions by 5,252 tons compared to 2022.
  • Reduced Scope 2 GHG emissions (Location-Based) by 2,526 tons from 2022.
  • Introduced OPTIMO fuel, reducing CO2 emissions by over 2% (equivalent to over 350,000 tons of CO2eq avoided) compared to traditional fuels.
  • Consumed approximately 310 kt of biofuels.
  • Introduced HVO (Hydrotreated Vegetable Oil) into its product portfolio.

Social Achievements

  • Launched IPIÙ, a new loyalty program.
  • Renewed agreement with trade associations to support managers, increasing economic margin.
  • Provided 30,453 total training hours (28,157 for IP personnel, averaging 24.1 hours per person).
  • Improved customer service response times by over 50%.

Governance Achievements

  • Adopted a multi-compliant whistleblowing protocol.
  • Implemented an Organization, Management and Control Model (MOGC) pursuant to Legislative Decree 231/2001.
  • Established a Supervisory Board (SB) to oversee MOGC compliance.
  • Introduced an Antitrust Compliance Officer.

Climate Goals & Targets

Long-term Goals:
  • Achieving Net Zero Emissions (NZE) by 2050 (aligned with EU targets).
Medium-term Goals:
  • Implementing electric charging points at service stations (IPlanet project).
  • Increasing share of biofuels and HVO.
  • Developing green hydrogen production capacity.
Short-term Goals:
  • Implementing vapor recovery system on bitumen tanks.
  • Replacing auxiliary boiler with LOW NOx burners.
  • Further tank insulation with nanomaterials.

Environmental Challenges

  • Global geopolitical instability and conflicts (Ukraine, Israel-Hamas) disrupting energy markets.
  • High costs for the construction of transition facilities holding back the implementation of national strategies to reduce fossil fuel use.
  • Economic and geopolitical crises, inflation, and high energy costs.
  • Parallel fuel market risks.
Mitigation Strategies
  • Investing in decarbonization solutions in industrial processes and distribution.
  • Implementing innovative products (OPTIMO) to reduce emissions.
  • Launching the IPlanet project for electric charging points.
  • Developing industrial projects based on green hydrogen production.
  • Implementing an antitrust compliance plan.
  • Strengthening supply chain monitoring and anti-fraud measures.
  • Collaborating with Police Forces to combat criminal phenomena.

Supply Chain Management

Supplier Audits: 684 suppliers assessed (58.4%) according to environmental and social criteria.

Responsible Procurement
  • Supplier qualification process including assessment of human rights, modern slavery policies, and ESG aspects.
  • Prioritizing local suppliers.
  • Implementing traceability certificates for waste management.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Failure to adapt to the energy transition.
Opportunities
  • Development of energy-efficient products (OPTIMO), green hydrogen production, electric charging infrastructure.

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 9001, ISO 45001, ISO 14001, UNI EN 12591, ISO 13808, ISO 14023

Third-party Assurance: EY

UN Sustainable Development Goals

  • Not disclosed

IP's actions are guided by the UN Sustainable Development Goals (SDGs).

Sustainable Products & Innovation

  • OPTIMO fuel
  • HVO
  • Biofuels

Awards & Recognition

  • Not disclosed