Altarea

Altarea aims to achieve "carbon neutrality" for the land portion of its activities by 2030, which however represents less than 5% of its overall emissions. As far as the reference scenarios are concerned, the company lacks transparency about the trajectories followed. The GHG emission reduction targets are not clearly defined in the short and long term, but are in the medium term for 2030 and 2035, detailed by business areas and scopes, but not scientifically validated and implying an increase in scope 3 emissions between 2024 and 2030. The actions are detailed and the share of contribution to decarbonisation by major type of action is given, but they could be further quantified. On the remuneration side, climatic criteria are integrated into the extra-financial variable for management, but remain marginal compared to the financial objectives, and the thresholds to be achieved are not made public.