One of the first 10 Italian Companies with approved science-based targets
Fastweb decided to take a step forward in its commitment to combat climate change by measuring its direct and indirect emissions and setting ambitious reduction targets in line with the Paris agreement (COP21).
Since its creation, Italian telecommunications company Fastweb has been focused on innovation and network infrastructure to provide high quality ultra-broadband services. The company recognises that innovation and its future success hinges on sustainability. To shape a resilient future for its business, Fastweb decided to set science-based targets in line with the Paris Agreement and the Science Based Target initiative’s criteria.
Working with Quantis, Fastweb committed to reduce absolute scope 1 and 2 GHG emissions by 62% and scope 3 emissions by 15% by 2030 from a 2018 base year, as well as continue annually source 100% renewable electricity through 2030.
The targets covering GHG emissions from Fastweb’s company operations (scopes 1 and 2) are consistent with reductions required to keep warming to 1.5˚C.
Fastweb also partnered with Quantis to define an action plan that will guide the company on their journey to achieve their targets over the next decade.
Fastweb’s targets were validated by the Science Based Targets initiative in August 2020, making it one of the first Italian companies to have approved science-based targets.