GlobalData offers a comprehensive analysis of Buzzi Unicem, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of Net Zero and associated ESG keywords, GlobalData delivers valuable information on Buzzi Unicem’s ESG performance. GlobalData’s company profile on Buzzi Unicem offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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Italian cement manufacturer Buzzi Unicem adopted a specific policy and medium-long term plan (roadmap) to reduce its CO2 emissions and achieve Net Zero by 2050. In 2022, Buzzi Unicem reported its absolute net Scope 1 emissions at 17,034 thousand of tonnes of CO₂e and absolute net Scope 2 emissions at 1,526 thousand of tonnes of CO₂e. Buzzi's latest filings mentioned the keywords 'Emissions' and 'CO2' most number of times in relation to 'Net Zero'.
Buzzi Unicem continues to pursue the greatest possible use of alternative fuels in place of fossil fuels. In particular, these are fuels deriving from waste material, many of which have a significant content of biomass considered neutral for CO2 emissions purposes. The company has set an intermediate goal to reduce its specific Scope 1 net emission below 500kg CO2/t of cementitious product by 2030. Considering the replacement of fossil fuels with alternative fuels derived from civil or industrial waste, the company's contribution to process circularity is 11.3%, calculated as a percentage of mass substitution of materials.
To achieve its net-zero target, Buzzi Unicem plans to invest in energy efficiency measures, renewable energy, and carbon capture and storage technologies. The company already invested in noise mitigation and implemented environmental management systems. They are committed to reducing their impact on communities and the environment, using monitoring systems for emissions and taking mitigation measures.
In conclusion, Buzzi Unicem shares the goal of achieving climate neutrality by 2050 in line with the stated aim of the Cembureau and GCCA associations, where Buzzi Unicem is an active participant has committed to achieving net-zero emissions. The company has already taken steps to reduce its emissions and plans to invest in energy efficiency measures, renewable energy, and carbon capture and storage technologies.
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