INWIT achieves validation of its Net Zero target by 2040 from Science Based Target initiative (SBTi)
INWIT, Italy’s leading tower operator, has received validation of its Net Zero target by 2040 from the Science Based Target Initiative (SBTi), the international initiative that aims to verify that companies’ commitment in the fight against climate change is in line with international climate agreements.
This validation confirms the soundness of INWIT’s climate strategy, included in the company’s Sustainability Plan: the aim is to zero (Net Zero) its direct and indirect CO2 emissions, in line with international climate change agreements (Paris Agreement), to keep the increase in global warming within 1.5°C.
THE ROAD TOWARDS AN AMBITIOUS GOAL
Energy from renewable sources and energy efficiency are the main levers in INWIT’s decarbonisation strategy.
Zero emissions will be achieved through the purchase and production of energy from renewable sources, investment in technological solutions to make energy consumption more efficient, and greater involvement of the supply chain to ensure goods and services with a reduced environmental impact.
INWIT proves it wants to strengthen its commitment to a low-carbon economy with this new long-term target, which is in addition to an existing 2030 (near-term) emissions reduction target, validated by SBTi; the company also commits to finance climate action projects now, through certified carbon credits, achieving Carbon Neutrality from 2024 emissions.
“After having been upgraded to leadership level in the CDP Climate Change, the validation of the Net Zero target adds another valuable step in the path undertaken by INWIT – said Michelangelo Suigo, Director of External Relations, Communication and Sustainability at INWIT –. Ours is a sustainable business model, which enables a more efficient development along the entire value chain and combines industrial, economic, social and environmental efficiency. Sustainability is an integral part of our business strategy, which is aimed at considering, in the role of Tower as a service, also the impacts of our activities on people and the environment, with the aim of creating value for all our stakeholders, towards sustainable success”.
The Science Based Target initiative is promoted by some of the most authoritative institutions in the fight against climate change, such as the UN Global Compact, the World Resource Institute, the WWF, CDP and We Mean Business, a global non-profit coalition working with businesses. Its aim is to verify that the strategies and climate actions defined by companies are in line with the indications of the scientific community and international agreements to fight climate change.