Open Fiber approves the Net Zero Plan with the goal of zero net emissions by 2040.

Carbonsink supported Open Fiber in the definition of its Net Zero Plan: our team of experts worked with Open Fiber in the definition of reduction targets aligned to 1.5°C, the maximum level of ambition required to join the Science Based Targets initiative.

Open Fiber has committed to the following targets for the development of its plan and to achieve its ambitious goal of zero net emissions by 2040: reduction of absolute emissions (Scope 1 and 2) by 42% by 2030 and 90% by 2040, compared to 2022; reduction of Scope 3 emissions (with reference to the categories ‘Purchased Goods and Services’ and ‘Capital Goods’) by 42% by 2030 and 90% by 2040, compared to 2022. Together with the reduction targets Open Fiber plans to contribute to the financing of climate action in projects that generate sufficient certified carbon credits to cover the current Scope 1 and 2 emission volume.

In this way, the company also committed itself to the concept of ‘Beyond Value Chain Mitigation’, financing climate action through certified projects even before its reduction targets are reached and long before it can acquire its Net Zero target, set for 2040.

“Taking concrete action to combat climate change is a moral obligation towards future generations. Open Fiber, with its fibre optic network, contributes significantly to the reduction of data traffic emissions. The digital transition is a key element to accompany the energy transition. Thanks to the Net Zero Plan, Open Fiber will be able to zero its emissions by 2040” – Paolo Ciocca, President of Open Fiber

Results

  • Full integration of sustainability and ESG criteria into corporate strategy for long-term success
  • Commitment to funding climate action outside its value chain
  • Concrete and immediate signal to contribute to climate change mitigation