Europa: Investment in a low-carbon future

Europa has consistently demonstrated its commitment to environmental protection and climate change mitigation. Since 2021, the Company has been annually calculating its Greenhouse Gas Emissions (Scope 1, 2, and part of Scope 3), which are published as part of its annual Sustainability (ESG) Reports.

Placing greater emphasis on this critical issue, in 2024 the Company proceeded strategically with the procurement of Guarantees of Origin (GOs) for 2.209 MWh. The amount of energy covered through GOs corresponds to electricity generated from certified Renewable Energy Sources (RES) and is considered zero-emission in accordance with international guidelines (eg GHG Protocol – Scope 2 Market-Based). In addition to this, the reduction in the Public Power Corporation’s (PPC) emission factor, due to improvement of the national energy mix (eg increased participation of Renewable Energy Sources-RES), also contributed positively to the reduction of total emissions.

Based on the Market-Based approach, Europa’s total emissions in 2024 amounted to 3.317,21 tn CO₂ eq, compared to 4.917,38 tn CO₂ eq in 2021, representing a significant reduction of 33% over the period 2021-2024.

Furthermore, it is worth noting that the Company partially calculates Other Indirect Emissions (Scope 3), taking into account emissions related to waste management and business travel, while its future objectives include covering additional Scope 3 categories in the coming years.

Europa, recognizing its pivotal role in the building materials industry, is committed to further strengthening its initiatives toward the transition to a better, sustainable future, focusing on the reduction of carbon emissions and the promotion of environmental responsibility.

More information regarding Europa’s initiatives is available here