The TIM Group confirms the importance of the new ESG objectives of the 2022-2024 Business Plan and obtains scientific validation of its environmental strategy. The targets have been validated by the Science Based Targets initiative, the international organisation that promotes the establishment of measurable goals for reducing the climate footprint and validates them independently to support companies with the transition to a sustainable economy.
Thanks also to a commitment to purchase 100% renewable energy by 2025, TIM will cut emissions from the company's production activity (Scope 1) and the purchase of electricity (Scope 2) by 75% by 2030.
Furthermore, by 2030, it will achieve a 47% reduction in the emissions of its value chain (Scope 3) relating to the purchase of goods and services, the purchase of capital goods and the use of products sold to customers.
The validation of these reduction targets, calculated in comparison to 2019, strengthens the Group's commitment to achieve Carbon Neutrality by 2030 and Net Zero emissions by 2040 from activities upstream and downstream of its production cycle.
TIM’s CEO, Pietro Labriola, stated: “TIM's climate strategy is an integral part of reshaping our business model. It is rooted in a Sustainability Plan made up of tangible projects, which will lead us not only to reduce the emissions of our production activities, but also of those upstream and downstream of our supply chain. The validation of these targets by the Science Based Targets initiative is an important signal, confirmation of our contribution to the broader goal of protecting our planet and fighting climate change”.
The Science Based Targets initiative is promoted by CDP (formerly Carbon Disclosure Project), the United Nations Global Compact, the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) and intends to contain global warming to 1.5° C in line with the Paris Agreement on Climate.
Climate strategy and circular economy, together with digital growth and the enhancement of human capital, are the ESG pillars of the Group's activities, intended to offer people and businesses the opportunities for a digital transformation based on sustainability. In order to contribute to the fight against climate change, TIM has adopted a series of actions that bring immediate benefits. As regards data centres for cloud and edge computing services, for example, an energy policy has already been adopted that uses renewable sources only. Important initiatives have also been taken on the circular economy front with the launch of the TIM Green line, which offers regenerated high-end smartphones.
Rome, 30 June 2022