February 8th 2024

Nexi reaffirms its commitment to decarbonization: Zero emissions by 2040 and climate goals by 2030

Climate target

The Science Based Target Initiative (SBTi) has approved the Nexi Group's corporate-wide CO2 reduction targets. Nexi has committed to achieving net-zero greenhouse gas emissions by 2040, ten years ahead of the goal set in the Paris Agreement.

With the climate goals recognized by SBTi, Nexi expands its originally set targets for Italy in 2021, which have now been confirmed and extended to the entire group, including Germany.

The ambitious goals include reducing greenhouse gas emissions directly caused by its own business activities by 42 percent by 2030 compared to 2021. The company aims to increase its annual electricity consumption from renewable sources from 51.7 percent in 2021 to 100 percent by 2030. Additionally, Nexi intends to decarbonize its supply chain by urging its suppliers to adopt CO2 reduction targets with similar SBTi approval, with a focus on the procurement of goods and services as well as capital goods.

Nexi's long-term goal is to reduce 90 percent of greenhouse gas emissions in absolute terms throughout its own business operations and value chain by 2040.

"For us at Nexi, sustainability is a central component of our business strategy. It's our responsibility to take transformative actions to decarbonize our operations by 2040," says Carola Wahl, CEO of Nexi DACH, adding, "Climate change affects people worldwide, including our local merchants and service providers, and poses a threat to our society as a whole. That's why, at Nexi, we consider both our own activities and our entire value chain to make our business more sustainable and environmentally friendly, benefiting all our stakeholders and having positive impacts on the entire industry."

One of the measures already being implemented is the optimization project of Nexi Group's data centers in Italy, aiming to reduce electricity consumption through modernization and savings by 21.9 percent by 2024 compared to 2021, equivalent to approximately 3.7 million kilowatt-hours per year.

The SBTi is a partnership between the CDP (formerly Carbon Disclosure Project), the United Nations Global Compact, the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF). It calls on companies worldwide to halve their emissions by 2030 and achieve net-zero emissions by 2050.

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