Performance Score
Carmila's overall performance rating reflects its strengths and areas for improvement.Strengths:- The 2030 emission reduction targets for scopes 1 & 2 and 3 have been validated by SBTi and are respectively in line with a 1.5°C and 2°C scenario.- The emissions reduction efforts carried out to date are bearing fruit for Scopes 1 and 2.- Climate issues are generally taken into account by the company's governance: consideration of the highest hierarchical level in decision-making processes on climate issues, associated remuneration policy, risk analysis scenarios.- Carmila is implementing and encouraging its value chain (upstream and downstream) to develop low-carbon offers but could accelerate engagement measures in this regard.- The public engagement policy is clear.- Carmila describes, deploys and tests activities that allow it to reduce its GHG emissions from its business world. Areas for improvement identified: - The climate objectives remain contradictory in Carmila's DEU 2023: an objective expressed in "net zero", and an SBTi score expressed as a percentage reduction compared to 2019.- The company could implement a more ambitious action plan, in particular for reducing emissions from energy consumption in private areas as well as for new projects and renovation projects.- The integration of climate issues into governance could be intensified, in particular by describing the action plan in a detailed and quantified manner, in the short, medium and long term with precise qualitative and quantitative KPIs and monitored over time.- The value chain engagement policy (suppliers and customers) could be improved by requiring more precise criteria for reducing GHG emissions.More generally, the company could publish the carbon intensities (private and common areas) of buildings (energy and materials).
Narrative Score
Carmila's transition plan is broadly consistent. In terms of credibility, Carmila has demonstrated a willingness to implement measures to achieve its objectives. Additional efforts are expected to continue reducing its emissions and achieve the targets set, in particular with a detailed, quantified medium- and long-term action plan. Formulating the targets on a “location-based” basis would also provide a better representation of the physical reality of the electricity network.
Trend score
Given the elements present, it is difficult to form a reliable opinion on the prospects for the evolution of the ACT note in the future.A "=" factor is therefore favored.
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