GHG emissions

Last update: Integrated Report 2024

Greenhouse gas emissions is a priority for the FS Italiane Group and all Group companies are involved in developing initiatives to this end.

*The target to 2030 is a 50% reduction in the sum of S1+S2 emissions. For the sake of simplicity, this reduction percentage was applied
to both S1 and S2.

**The target to 2040 calls for a 90% reduction in the sum of S1+S2+S3 (material) emissions. For the sake of simplicity, this percentage
reduction was applied to both S1, S2 and Scope 3 material emissions.

*No process emissions are present.

*The target to 2030 is a 50% reduction in the sum of S1+S2 emissions. For the sake of simplicity, this percentage reduction was applied
to both S1 and S2.

**The target to 2040 calls for a 90% reduction in the sum of S1+S2+S3 (material) emissions. For the sake of simplicity, this percentage
reduction was applied to both S1, S2, and material Scope 3 emissions.

***There are no medium or long-term targets calculated by using a market-based approach.

*The 2030 Scope 3 target only covers emissions from RFI construction sites (part of Cat.2), Cat. 3 (well to tank), upstream transport of
materials from construction sites (Cat.4), and the use of the RFI network by RUs outside the FS Group (Cat. 11). As of 2019, the calculated
figure is 3,672,632 tCO2e, accounting for about 72.7% of the FS Group's total Scope 3 Emissions in 2019.
The target to 2030 calls for a 30% reduction in the above total emissions. For the sake of simplicity, this percentage reduction was applied
to all categories involved.

**The 2040 target for Scope 3 covers material emissions equal to Categories 1, 2, 3, 4, 11 amounting to 4,989,079 tCO2e, 98.7% of the
FS Group's total Scope 3 emissions in 2019.
The target to 2040 calls for a 90% reduction in the above total emissions (to which S1 and S2 emissions are added). For the sake of
simplicity, this percentage reduction was applied to all categories involved.

***Reduction of 30% compared to the share of RFI construction sites alone (2019 value: 2,647,741 tCO2e).

****Reduction of 30% compared to the share of transport related to RFI construction sites (2019 value: 57,076 tCO2e).

*There are no medium and long-term targets calculated by market-based approach.

The FS Group has obtained the new declaration under the ISO 14064-1:2018 standard, which attests to the quality of the quantification and calculation methodology of CO₂ eq emissions for 2023.

FS Italiane, which is projected to achieve “Zero net emissions” by 2040, is acting fairly, accurately and transparently in its collection of data, calculation and reporting of greenhouse gas emissions. FS has surveyed the sources and types of emissions - mainly divided into direct emissions (such as those produced by its diesel trains, buses and ships) and indirect emissions (such as those resulting from the consumption of imported electricity for railway traction, materials and energy consumption in railway yards, employee commuting, and business travel).

The audit carried out by SGS Italy reaffirms the robustness of the climate-changing emissions reporting process.

The full version of the certificate is available upon request by writing to sostenibilita@fsitaliane.it.