This achievement is the result of a decade-long journey marked by significant investments in cutting-edge technology to ensure continuous monitoring and a progressive reduction of CO₂e emissions into the atmosphere. One of our most significant technological investments has been the installation of a state-of-the-art biomass power plant, fuelled by virgin and treated biomass, for thermal energy production. This has led to a reduction in direct fossil fuel emissions of approximately 95%. The emissions generated by burning wood residues in our thermal plant are entirely offset by our growing plantations: our valuable poplar groves absorb large amounts of CO₂e, significantly reducing the impact of our activities on global warming. Between 2014 and 2024, we successfully cut our facility’s total CO₂e emissions by around 50%.

Each step we have taken, has been driven by the intention to reach an ambitious goal: carbon neutrality. To this end, Panguaneta has committed to offsetting its carbon emissions by supporting climate protection initiatives such as Renewable Energy from Hydropower for Sumatra—an international project aimed at supplying the electricity grid with renewable energy and enhancing the security of energy supply.

We are thrilled to celebrate this important milestone, which inspires us not only to maintain our achievements in the years ahead but also to continue our journey towards new goals and further improvements.

In addition to the measures taken to reduce greenhouse gas emissions, Panguaneta actively contributes to the restoration and conservation of forests, supporting global goals on climate and biodiversity. Through the WOWnature initiative by Etifor – a spin-off of the University of Padua – Panguaneta supports forest enhancement activities along the Po and Oglio rivers, specifically in the areas of Boschi del Fiume Po and Canneto sull’Oglio. These efforts aim to protect ecological corridors and biodiversity hotspots, ensuring the long-term resilience of these natural ecosystems.

* [1] Panguaneta is committed to achieving carbon neutrality by reducing and offsetting its Scope 1 and Scope 2 CO₂e emissions, assessed in accordance with the GHG Protocol.

Links:

• Etifor | Panguaneta
• Parco Oglio Sud | Panguaneta
• ClimatePartner - Contribution project | 1419
• Sustainability Report 2024 | Panguaneta