Iren SpA
Iren EU Taxonomy Data Preview
In 2024, Iren was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.
The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.
Iren has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Iren are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
| Metric (tonnes) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Taxonomy Aligned A1 Turnover | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Taxonomy Eligible A Turnover | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Taxonomy Non-Eligible B Turnover | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
| Metric (tonnes) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Taxonomy Aligned A1 Opex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Taxonomy Eligible A Opex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Taxonomy Non-Eligible B Opex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
| Metric (tonnes) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Taxonomy Aligned A1 Capex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Taxonomy Eligible A Capex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Taxonomy Non-Eligible B Capex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected EU Taxonomy data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into Iren's Revenues from Sustainable Activities
In 2024, Iren reported EU Taxonomy-eligible revenues of EUR 3.19 billion, representing 52.7% of its total turnover. Of this amount, EUR 2.00 billion of Iren's revenues was classified as EU Taxonomy-aligned, indicating that 33.1% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).
Iren's Taxonomy-Eligible Turnover Over Time
- Total Taxonomy Aligned A1 Turnover
- Total Taxonomy Eligible but Not Aligned A2 Turnover
Have Iren's revenues become more sustainable over time?
Since 2022, Iren's taxonomy-aligned revenues increased by 56.13%, reflecting a sustained upward trend in environmentally sustainable revenue generation.
Compared to the previous year (2023), Iren's taxonomy-aligned revenues increased by 20.8%, highlighting Iren's deeper integration of environmentally sustainable activities into its core business model, or improved classification and reporting of those activities under the EU Taxonomy.
How much of Iren's revenue is eligible under the EU Taxonomy?
In 2024, Iren reported that EUR 3.19 billion of its revenue was eligible under the EU Taxonomy, representing 52.7% of the company's total turnover. Of this amount, EUR 2.00 billion (33.1% of total revenue) was classified as Taxonomy-aligned. This means that 19.6% of Iren's revenue is eligible but not aligned, indicating that these activities did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards.
How much of Iren's eligible revenue is aligned with the EU Taxonomy?
In 2024, Iren reported that EUR 2.00 billion of its revenue was aligned under the EU Taxonomy, representing 33.1% of its total turnover.
This moderate level of alignment indicates that Iren has begun shifting toward more sustainable operations but still has considerable room to enhance its green offerings.
Iren's Eligibility & Alignment Overview
Iren's Contribution to Environmental Objectives
- Total Taxonomy Aligned A1 Turnover
- Total Taxonomy Eligible but Not Aligned A2 Turnover
How is Iren's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2024, Iren reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectives:
- Climate Change Mitigation: 31.1%
- Climate Change Adaptation: 0%
- Sustainable Use and Protection of Water and Marine Resources: 1.2%
- Transition to a Circular Economy: 0.4%
- Pollution Prevention and Control: 0.4%
- Protection and restoration of biodiversity and ecosystems: 0%
How much revenue does Iren earn from selling climate-related solutions ?
In 2024, Iren reported that EUR 1.88 billion of its total revenue was associated with activities contributing to the EU taxonomy climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This accounted for 31.1% of the company's total revenue, indicating that Iren has a moderate focus on solutions that support climate action through its commercial activities.
Insights into Iren's CAPEX from Sustainable Activities
In 2024, Iren reported EU Taxonomy-eligible CAPEX of EUR 605.76 million, representing 63.4% of its total CAPEX. Of this amount, EUR 553.46 million of Iren's CAPEX was classified as EU Taxonomy-aligned, indicating that 57.9% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).
Iren's Taxonomy-Eligible Capex Over Time
- Total Taxonomy Aligned A1 Capex
- Total Taxonomy Eligible but Not Aligned A2 Capex
Have Iren's increased its investment in sustainable activities over time?
Since 2022, Iren's taxonomy-aligned capital expenditure (CAPEX) decreased by 10.51%, indicating a long-term decline in green capital deployment, potentially signaling shifting priorities or reduced focus on sustainability-linked investments.
Compared to the previous year (2023), Iren's taxonomy-aligned CAPEX increased by 12.43%, highlighting Iren's strengthened commitment to investing in environmentally sustainable activities or improving how such investments are classified and reported under the EU Taxonomy.
How much of Iren's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2024, Iren reported that EUR 605.76 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 63.4% of the company's total CAPEX. Of this amount, EUR 553.46 million (57.9% of total CAPEX) was classified as Taxonomy-aligned. This means that 5.5% of Iren's CAPEX is eligible but not aligned, indicating that these investments either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).
How much of Iren's eligible CAPEX is aligned with the EU Taxonomy?
In 2024, Iren reported that EUR 553.46 million of its CAPEX was aligned under the EU Taxonomy, representing 57.9% of its total capital investment.
This strong alignment suggests that Iren is directing a significant portion of its capital investments toward environmentally sustainable assets or activities, reinforcing a strategic focus on long-term sustainability.
Iren's Eligibility & Alignment Overview
Iren's Contribution to Environmental Objectives
- Total Taxonomy Aligned A1 Capex
- Total Taxonomy Eligible but Not Aligned A2 Capex
How is Iren's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, Iren reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectives:
- Climate Change Mitigation: 54.3%
- Climate Change Adaptation: 0%
- Sustainable Use and Protection of Water and Marine Resources: 3.3%
- Transition to a Circular Economy: 0.3%
- Pollution Prevention and Control: 0%
- Protection and restoration of biodiversity and ecosystems: 0%
How much Iren is investing in climate-related solutions?
In 2024, Iren allocated EUR 519.03 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 54.3% of the company's total capital expenditure, indicating that Iren is prioritizing climate-focused investments as a central part of its overall capital strategy.
Insights into Iren's OPEX from Sustainable Activities
In 2024, Iren reported EU Taxonomy-eligible OPEX of EUR 679.99 million, representing 38.6% of its total operating expenses (OPEX). Of this amount, EUR 635.71 million of Iren's OPEX was classified as EU Taxonomy-aligned, indicating that 36.1% of the company's operating expenses were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).
Iren's Taxonomy-Eligible Opex Over Time
- Total Taxonomy Aligned A1 Opex
- Total Taxonomy Eligible but Not Aligned A2 Opex
Have Iren's increased its spending in sustainable activities over time?
Since 2022, Iren's taxonomy-aligned operating expenditure (OPEX) decreased by 33.27%, indicating a long-term decline in sustainability-related operational spending, which may reflect shifting priorities or reduced emphasis on green initiatives.
Compared to the previous year (2023), Iren's taxonomy-aligned OPEX decreased by 31.11%, suggesting that Iren may have reduced spending on environmentally sustainable activities, adjusted its operational priorities, or decreased the scope of its taxonomy-related disclosures.
How much of Iren's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2024, Iren reported that EUR 679.99 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 38.6% of the company's total OPEX. Of this amount, EUR 635.71 million (36.1% of total OPEX) was classified as Taxonomy-aligned. This means that 2.5% of Iren's OPEX is eligible but not aligned, indicating that these expenditures either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).
How much of Iren's eligible OPEX is aligned with the EU Taxonomy?
In 2024, Iren reported that EUR 635.71 million of its OPEX was aligned under the EU Taxonomy, representing 36.1% of its total operational expenditure.
This moderate level of alignment indicates that Iren is beginning to shift operational priorities toward greener practices, with room for deeper integration.
Iren's Eligibility & Alignment Overview
Iren's Contribution to Environmental Objectives
- Total Taxonomy Aligned A1 Opex
- Total Taxonomy Eligible but Not Aligned A2 Opex
How is Iren's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2024, Iren reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectives:
- Climate Change Mitigation: 34.4%
- Climate Change Adaptation: 0%
- Sustainable Use and Protection of Water and Marine Resources: 0.6%
- Transition to a Circular Economy: 0.5%
- Pollution Prevention and Control: 0.6%
- Protection and restoration of biodiversity and ecosystems: 0%
How much of Iren's operational budget supports climate-related solutions?
In 2024, Iren allocated EUR 605.76 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 34.4% of the company's total OPEX, indicating that Iren is moderately integrating climate considerations into its ongoing operations, with potential to scale up climate-aligned spending.