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ECOSYSTEM

The challenge of converging

towards Net Zero ...

The “GHG (Greenhouse Gases)
Emissions” is one of nowadays’ hottest
topics, second only to the Pandemic
development. However, when it comes
to their long-term impact, emissions
and the need to reduce them have
unparalleled importance

Federico Colombara Partner & Associate Director 40%, only a fourth (5+ Bton) is Scope 1&2 emis-
in the Milan office of Boston Consulting Group sion of O&G players, which includes:

Scope 1: their direct emissions from own Upstream
hen we talk about emissions, & Downstream assets
we have to start with Ener- Scope 2: the indirect emissions from the purcha-
gy and O&G sector can’t be sed energy to operate assets (i.e. electricity, steam,
kept out of consideration: heating ... for own use)
O&G accounts for almost
W 40% of global emissions, clo- On top of this, Scope 3 represents all other indirect
se to 21Bton CO2e already in 2018. Out of this emissions that occur in a company’s value chain,

Exhibit 1

38 38 Impiantistica Italiana - Settembre-Ottobre 2020