Group Policy on Environmental Sustainability

Poste Italiane identifies the Principles and initiatives on environmental sustainability towards which to direct its commitment and action through the Policy on environmental sustainability, a tool adopted by the Group in 2019 useful to formally communicate to stakeholders the green approach of its business model related to business, logistics and transport activities and property management.

The document is divided into various Principles, which outline the ways in which Poste Italiane acts and intervenes in the field of environmental sustainability. In particular, this Policy deals with issues such as efficiency in the use of resources, innovation to support the transition towards a low-carbon economy, the reduction and prevention of the environmental footprint and the promotion of a culture attentive to the environment.

Poste Italiane is one of today’s most important companies in the logistics sector in Italy and is a leading player in the financial, insurance and mobile and digital payment sectors. In consideration of its size, the Company is aware that its direction can contribute to determining sustainable growth that also respects the natural environment.

The Policy, reinforcing what has already been stated in the Group's Code of Ethics, confirms Poste Italiane's commitment to promoting environmental protection throughout its value chain. Firstly, Poste Italiane commits to preventing, managing and, where possible, reducing the environmental impact generated directly by its operations, in particular, from the use of buildings and from logistics and transport activities, whether carried out directly or through suppliers and partners. Secondly, the Company has also integrated environmental sustainability principles into its investment and insurance activities, encouraging virtuous behaviour throughout Italy.

Poste Italiane Group Policy on Environmental Sustainability (PDF)

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	2021	2022	2023**
Consumption of fuel from non-renewable sources (GJ)	2,516,482	2,314,992	2,002,884
Of which:
LPG (GJ)	29,264	13,692	7,275
Diesel (GJ)	720,765	450,907	297,584
Natural gas (GJ)^**	831,068	723,860	617,866
Jet fuel (GJ)	664,375	682,129	546,389
Petrol (GJ)	271,011	444,335	533,770
Consumption of energy from non-renewable sources (GJ)	53,140	30,037	46,623
Of which:
Thermal energy (district heating) (GJ)	25,677	23,308	26,071
Electricity supplied by the National Grid (GJ)	27,464	6,729	20,552
Consumption of energy from renewable sources (GJ)	1,588,317	1,570,291	1,485,592
Of which:
Self-produced photovoltaic electricity (GJ)	7,145	9,032	22,554
Certified guarantee of origin electricity (GJ)	1,581,172	1,561,258	1,463,038
Total energy consumption (GJ)	4,157,939	3,915,250	3,535,100
Of which:
from renewable sources (GJ)	1,588,317	1,570,291	1,485,592
from non-renewable sources (GJ)	2,569,623	2,344,959	2,049,507

Internal Group energy consumption

(*) The 2023 reporting boundary includes the Parent Company and Group companies.
(**) The target set for 2023 is 1,500,000 GJ (416,667 MWh) for total energy from renewable sources (internal and external) and 5,800,000 GJ (1,487,764 MWh) for total energy from non-renewable sources (internal and external)

Total direct GHG emissions (Scope 1); Total indirect GHG emissions (Scope 2); Total other indirect GHG emissions (Scope 3)***

	2021	2022	2023
Direct emissions – Scope 1 (tCO2e)**	165,508	152,703	130,592
Of which:
LPG (tCO2e)	1,872	876	464
Diesel (tCO2e)	50,384	32,102	21,006
Natural gas (tCO2e)	46,872	40,661	34,801
Jet fuel (tCO2e)	48,142	49,489	39,630
Petrol (tCO2e)	18,238	29,575	34,690
Indirect emissions – Scope 2 (tCO2e)****	5,709	2,860	4,972
Of which:
Thermal energy	2,211	2,007	2,362
Electricity	3,498	853	2,610
Direct emissions – Scope 3 (tCO2e)*****	178,737	257,796	234,326
Of which:
Diesel (tCO2e)	162,392	238,359	216,411
Natural Gas	4	40	45
Petrol	0	0	2,064
LPG	8,1	10,3	10,6
Jet fuel (tCO2e)	16,333	19,387	15,796

Internal Group energy consumption

**Emission factors used for conversion of fuels to CO2e: LPG for 2021 1.56 kg CO2 e/l (source DEFRA 2021), for 2022 1.56 kg CO2 e/l (source DEFRA 2022) and for 2023 1.56 kg CO2 e/l (source DEFRA 2023). Diesel for 2021 2.51 kg CO2 e/l (source DEFRA 2021), for 2022 2.56 kg CO2 e/l (source DEFRA 2022) and for 2023 2.51 kg CO2 e/l (source DEFRA 2023). Natural Gas for 2021 2.02 kg CO2 e/m3 (source DEFRA 2021), for 2022 2.02 kg CO2 e/m3 (source DEFRA 2022) and for 2023 2.04 kg CO2 e/m3 (source DEFRA 2023). Petrol for 2021 2.19 kg CO2 e/l (source DEFRA 2021), for 2022 2.16 kg CO2 e/l (source DEFRA 2022) and for 2023 2.1 kg CO2 e/l (source DEFRA 2023). The target set for 2023 is 135,000 tCO2 e.
***The 2023 reporting boundary includes the Parent Company and Group companies.
****Poste Italiane purchases certificates of renewable origin for 99% of its electricity consumption. The GRI Sustainability Reporting Standards envisage two calculation methods for Scope 2 emissions – the location-based method and the market-based method. The Market-based method (methodology used by Poste Italiane) is based on CO2 emitted by the energy suppliers from whom the organisation purchases, through a contract, electricity (in this case, certificates of guarantee of origin from renewable energy sources) and for the remaining 1% emission factors from the national electricity grid (emission factor for the calculation of the Market-based method for 2023 0.457 kg CO2 e/kWh, source European Residual Mixes 2022, for 2022 0.457 kg CO2 e/kWh, source European Residual Mixes 2021, for 2021 0.459 kg CO2 e/kWh, source European Residual Mixes 2020). Conversion factors used to convert thermal energy into CO2e: for 2021, 0.17 Kg CO2 e/kWh, for 2022, 0.17 Kg CO2 e/kWh and for 2023, 0.18 Kg CO2 e/kWh. The target set for 2023 is 5,000 tCO2 e.
*****Emission factors used for conversion of fuels to CO2e: Jet fuel for 2021 2.55 kg CO2 e/l (source DEFRA 2021), for 2022 2.55 kg CO2 e/l (source DEFRA 2022) and for 2023 2.54 kg CO2 e/l (source DEFRA 2023). The target set for 2023 is 250,000 tCO2e. The table considers categories related to material issues relevant to the Group under the Green Transition Pillar strategy, specifically category 9 "Downstream transportation and distribution" and category 13 "Downstream leased assets." Category 6 "Business travel," category 7 "Employee commuting" and category 15 "Investments" are monitored and reported in separate tables.

Waste by tipe (t)	Waste generated	Waste recovered	Waste disposed	Waste generated	Waste recovered	Waste disposed	Waste generated	Waste recovered***	Waste disposed****
	2021**			2022**			2023
Total waste (t)	34,471.7	33,202.5	1,269.2	37,245.3	36,443.2	802.1	38,904.5	38,533.1	371.4
Of which:
Paper/ cardboard	13,584.9	13,539.2	45.8	15,588.5	15,467.8	125.2	17,171.5	17,171.5	0
Plastic	1,359.3	1,359.3	0	1,282.4	1,282.4	0	1,365.5	1,365.5	0
Wood	10,481.8	10,478.2	3.6	10,097.9	10,097.9	0	10,537.3	10,537.3	0
Other	9,045.8	7,825.9	1,219.8	10,276.5	9,595.2	676.9	9,830.2	9,458.8	371.4