We want to protect the environment through efficient investments aimed at developing initiatives that limit our environmental impact and promote energy efficiency, responsible resources use and proper waste disposal.


Energy efficiency and savings are a priority for us and we are committed to gradually improving our energy performance in order to obtain greater efficiency and guarantee the sustainability of our activities.

We have established a structure and an organizational process aimed at the preparation of annual site energy diagnosis and the identification of improvement plans aimed at the continuous efficiency of the company’s energy performance. In particular, in our production sites, the replacement of lighting fixtures with new LED technology has continued and systems have been installed for the more advanced electricity and natural gas meters, automatic switch-off of ventilation, intake and air conditioning systems. 


In 2022, the Monfalcone, Sestri, Marghera, Palermo and Castellammare di Stabia shipyards obtained ISO 50001 certification for their Energy Management System, which requires monitoring of consumption and the continuous improvement of shipyard energy performance. Important environmental awards have also been achieved in the United States, where Fincantieri Marinette Marine and Fincantieri ACE Marine have received Green Marine certification. The largest voluntary environmental certification program.



Energia Elettrica EN

As defined in the 2023-2027 Sustainability Plan, we set a target aimed at increasing the share of electricity from renewable sources reaching 100% by 2030.


Fincantieri signed an agreement in mid June with the ESCo (Energy Service Company) Renovit, to build photovoltaic systems at five Italian sites, which will enter into service in the first half of 2023, under an EPC (Energy Performance Contract). In this way, we will reduce the annual electricity withdrawal from the national grid by about 11 GWh.


In the current context of climate change, the increase in demand for water resources is highlighting how, in a growing number of countries, large quantities of water may no longer be available at low cost.

The efficient management of water and its safeguard are therefore crucial for sustainable development and our sustainability strategy.

Safeguarding water, including through virtuous management of water discharges, is one of the main commitments in our Policy and is also one of the aims of the communication/awareness project, aimed at promoting virtuous and eco-sustainable day-to-day behaviour.

At the level of individual shipyards, as part of the environmental management systems, we continuously oversee the measures implemented to ensure the optimization of water quantity and quality.


We are committed to:

  • Implement and maintain our management systems compliant with the ISO 14001 standard;
  • Conduct regular monitoring of water withdrawals;
  • Monitor water consumption during the production cycle, planning and implementing specific water-saving maintenance actions
  • Promote efficient water management practices by minimising fresh water withdrawals, limiting wastewater discharges and minimising losses
  • Develop technologies to conserve water;
  • Raise awareness among employees and third parties to develop responsible behaviour towards the sustainable use and conservation of water;
  • Ensure compliance with applicable local, regional, national and international legislation;
  • Develop Group-wide reduction targets.


With reference to the last point, in the Sustainability Plan 2023-2027 we set the following reduction targets at Group level with respect to 2021:

  • -3% water withdrawal by 2025
  • -10% water withdrawal by 2027
  • -12% water withdrawal by 2030


In 2020, an analysis of water stress areas was conducted through the Aqueduct Water Risk Atlas software. From the analysis, the Ancona, Castellammare di Stabia and Palermo shipyards were found to be within water stress areas and, as a result, a series of meters were installed to monitor their water consumption. In 2023, we are also committed to installing water meters at the Monfalcone, Marghera, Muggiano, and Riva Trigoso sites, as well as to further enhancing the monitoring system in Ancona and Castellammare di Stabia. This intervention will allow us to continuously and more accurately analyse water consumption at these sites, including through remote reading of values using the Energy Sentinel platform, thus enabling us to analyse daily trends, identify the areas with the highest water consumption and any anomalies. Once these in-depth analyses have been completed, it will be possible to take any necessary corrective actions to contain consumption and reduce waste.

Raw materials

Procurement of raw materials has a strategic role for our activity. Over the years, we consolidated the process of material selection and procurement, based on which the environmental impact of materials in their entire life cycle is assessed at the design stage.

As best described in the section on eco-design, even while preparing specific contractual techniques, and consequently those needed for the procurement process, we work to identify materials for the interiors that, though possessing the same technical, qualitative and compliance characteristics, are also environmentally compatible.


The main raw materials present in the Group’s production cycle are:


  • iron for the hull;
  • copper for the electric wiring and automation;
  • steel, iron, plastics and other iron and non-iron alloys for the piping installed on board;
  • welding materials;
  • paint products.


In line with the contents of the Policy regarding the use of chemical products, the supply choices, where there are equivalent technical characteristics and/or compatible performances, continue to be oriented towards products with a lower environmental impact.

With regard to paint products, which are quantitatively most present in shipbuilding production, the involvement of suppliers has enabled new low-solvent or water-based products to be introduced into the design specifications.


We promote responsible waste management.

The criteria identified for managing processing residues and waste disposal are included in the Company guidelines, which are incorporated and detailed in the procedures of each production unit for managing the site’s specificities.


The layout of the production cycle, characterized by specific sequences of the processing phases, makes it possible to optimize the choice and introduction of the materials used upstream and, therefore, to organize the waste sorting and collection methods correctly.

Waste produced by our activities is delivered to authorized sites according to its classification and recovery destinations are favoured and maximized.


In 2022, in Italy the portion of waste sent for recovery, which stands at 84% of total waste produced, was consolidated.


In pursuing the commitments set out in our Policy with regard to the supply choices of chemical and paint products, as well as eco-design choices, we promote the use of materials with a lower environmental impact that favour sustainable waste management both during the shipbuilding phase and during operation and end-of-life.

Corporate mobility

We promote a model of sustainable mobility management that concretely affects the reduction of greenhouse gas (GHG) emissions, leading to a change in established habits with a greener perspective.


In Italy a digital company car-pooling service provides and encourages an alternative sustainable solution for employees’ home/work journeys by sharing the use of private cars. The system, also by means of a software application for smartphones or tablets, makes it easy to for employees to get in touch with each other, certify the results in terms of energy and environmental savings and access a reward system that encourages participation in the initiative and helps to change established habits. In parallel, an option has been implemented in the same digital system to certify home/work journeys by bicycle and on foot, and here too access a reward system. Restrictions to contain the spread of COVID-19 have led to a temporary suspension of the car-pooling digital service.


For business trips, the company policy promotes the use of public transport whenever possible and does not involve excessive travel difficulties, thus limiting the use of cars. With a view to reducing the travel of employees for work, we are also investing in increasingly high-performance technologies that have improved the use and use of video and teleconferencing.

Employees can apply for full or partial reimbursement of their season ticket for urban public transport or train travel, for themselves and/or for their tax-dependent family members through the Welfare Portal.


With a view to sustainable mobility, it is worth mentioning that the various Italian production plants have electric charging stations for the batteries of company vehicles. With regard to the fleet of company cars for business and personal use, as with the fleet of service vehicles, the gradual replacement of current vehicles with hybrid cars, including PHEVs (Plug-in Hybrid Electric Vehicles) is underway. As regards the subsidiaries, both Fincantieri Marine Group and Vard have a travel policy and adopt multiple measures to reduce travel and consequently the impacts.

During 2022, business travel increased compared to the previous two years, as, partly due to the vaccination campaign carried out by the institutions and facilitated by the company, restrictions on public transport were progressively reduced/removed (as opposed to restrictions on entry into the various countries).

Greenhouse gas emissions

We are committed to measuring and monitoring the greenhouse gas (GHG) emissions related to our activities in order to verify the effectiveness of the mitigation strategies implemented by the Group and to demonstrate our commitment in the fight against climate change.
In 2022, our total greenhouse gas (GHG) footprint from direct emissions from sources owned by or under the control of the Group (Scope 1), indirect emissions from electricity consumption (Scope 2) and other supply-chain indirect emission (Scope 3) amounted to more than 23 million tonnes of carbon dioxide equivalent (tCO2e).

Since 2017, thanks to energy efficiency measures, such as relamping, and the progressive purchase of electricity from renewable sources, we have reduced Scope 2 by 70%, calculated according to the mark-based method.

In line with our aim to play a leading role in the decarbonisation of the shipping industry, during 2022 we expanded our Scope 3 emissions reporting to include CO2 emissions from “Employee commuting” and “Use of sold products”, as required by the Greenhouse Gas Protocol reporting standard. Furthermore, the Scope 3 data have been integrated following the expansion of the reporting in the "Upstream transport and distribution" category, of the transport of ship sections of Fincantieri S.p.A. and VARD group, and the improvement of the calculation of the category "Purchase of goods and services" which includes the emissions deriving from the materials used for the ships under construction in the reference year of Fincantieri S.p.A. and Fincantieri Marine Group.

The 2021 data have been shown on a like-for-like basis to allow for for uniformity of the reporting perimeter.

SCOPE OF EMISSIONS [TONS OF CO2e] 2021 2022 VAR 2022/2021
SCOPE 1 122,666 118,461 -3%
SCOPE 2 26,258 32,653 22%
Electric energy (Location-Based) 109,829 112,204 2%
Electric energy (Market-Based) 26,258 32,653 24%
SCOPE 3 (EXCLUDING «USE OF SOLD PRODUCTS») 920,202 1,130,248 23%
Cat. 1 Purchased goods and services 749,426 997,708 33%
Cat. 2 Capital goods 108,031 56,186 -48%
Cat. 3 Fuel- and energy-related activities (not included in scope 1 or scope 2) 31,313 30,866 -1%
Cat. 4 Upstream transportation and distribution 15,449 25,280 64%
Cat. 5 Waste 4,912 6,707 37%
Cat. 6 Business travel 3,211 5,548 73%
Cat. 7 Employee commuting 7,407 7,526 2%
Other (water withdrawal) 453 429 -5%
TOTAL SCOPE 1+2+3 (EXCLUDING «USE OF SOLD PRODUCTS») 1,069,126 1,281,362 20%
Cat. 11 Use of sold products 16,483,062 21,798,611 32%
TOTAL SCOPE 1+2+3 17,552,188 23,079,973 31%


The data refer to the entire Fincantieri Group.


• Cat.1 – the data refer to the purchase of goods for the production of the Group's ships with the exception of the VARD group. For each ship under construction, the carbon footprint from the materials used was calculated and the annual emission was broken down according to the percentage of cost associated with each order.
• Cat.3 – the data refer to the entire Fincantieri Group.
• Cat.4 – the data include the procurement of raw materials by Fincantieri S.p.A. and Fincantieri Marine Group and the internal handling of Fincantieri S.p.A. and VARD ship sections.
• Cat.5 – the data refer to the entire Fincantieri Group.
• Cat.6 – the data refer to the entire Fincantieri Group.
• Cat.7 – the data refer to employees and blue-collar workers of Fincantieri S.p.A.
• Cat.11– the data refer to emissions from the operational phase of vessels delivered by the Fincantieri Group (16 in 2021 and 19 in 2022). Each type of ship (cruise, naval, specialized) was associated with an operational profile and a useful life for estimating emissions at sea and in port. The assumptions behind the cat.11 calculations are conservative as they do not reflect the gradual introduction of decarbonisation measures in navigation, such as sustainable fuels and hydrogen.
• Other - the data refer to the entire Fincantieri Group.

Demonstrating the Group's commitment to fight climate change, since 2016 we have joined the Climate Change Program of CDP, a prestigious British organization whose membership includes 746 investors worldwide with $136 trillion in assets under management and whose goal is to improve environmental risk management by leveraging information transparency. The Group on the occasion of the annual data collection by CDP has prepared the Greenhouse Gas Statement, a document containing detailed information on Scope 1, Scope 2 and Scope 3 emissions. The document has been subjected to conformity assessment according to the criteria indicated by the "International Standard on Assurance Engagements 3410, Assurance Engagements on Greenhouse Gas Statements" ("ISAE 3410") by the independent auditing firm Deloitte&Touche S.p.A, which expresses on the basis of a Limited Assurance, in a separate report, an attestation regarding the conformity of the information provided.

Other emissions of polluting gases

We are also committed to reducing other polluting gas emissions. For this reason we have activated a monitoring and timely reporting system for certain polluting gases.


With a view to continuous improvement, the VARD group continues to research new approaches to contain and minimize the impact of emissions resulting from industrial activities. The group's commitment is also demonstrated by its participation, since 2008, in the Confederation of Norwegian Enterprises' NOx-Fund, whose primary objective is to reduce emissions of NOx.


Fincantieri's production sites are individually subject to environmental permits that prescribe specific limits on the maximum consumption and total emissions of volatile organic compounds (VOCs) into the atmosphere. Compliance with these limits is pursued, even when production volumes are increasing, by planning a gradual replacement of the products used with alternatives with a lower solvent content and by adopting appropriate system measures to reduce emissions. The areas dedicated to sandblasting and painting activities are equipped with abatement equipment, most of them with a post-combustion system that eliminates VOCs released during processing.

The increase in nitrogen oxide (NOx) emissions is the result of the upgrades and commissioning of plant facilities at US sites, which have led to an increase in natural gas consumption.

Environmental investments

In 2022, we invested 5.3 million euros in environmental protection.


In particular, the Parent Company has consolidated its commitment to implementing initiatives aimed at continuous improvement regarding the impact on all environmental compartments. The main ones regarded:


  • the systems for collecting, conveying and treating rainwater;
  • the noise containment measures related to production;
  • the extraction and treatment systems for welding fumes;
  • the sandblasting and painting activities.

€ 5.3 mln

For environmental protection



Commitment Objectives Description/ Target Benefits Status Timetable

Increasingly sustainable and responsible corporate performance, creating the conditions for development that ensures the needs and expectations of all stakeholders are met

Preparation of guidelines to assess the opportunity to make investments in accordance with sustainability principles

Identify the principles to be used in the assessment process of the investment opportunity (e.g. purchase / construction of new plant, machinery and/or equipment, asset disposal) in order to consider both the economic and financial aspects as well as the Environmental, Social and Governance (ESG) issues


Draft guidelines to assess the investments in terms of sustainability for Fincantieri S.p.A.

• Reduce exposure to ESG risks and seize opportunities to reduce the impacts of not taking into account direct / indirect costs

• Generate greater value for the investor and the Company as a whole through a sustainable investment strategy geared towards the medium-long term



In 2021, a Guideline was issued for Fincantieri S.p.A. to evaluate investments according to sustainability principles. The sustainability assessment will be carried out through the use of a specific score-card that measures more than 20 ESG parameters.


related topics

Environmental responsibility

Environmental policy and management


Business Ethics