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Piaggio & C SpA

Common Name
Piaggio & C
Country
Italy
Sector
Consumer Cyclical
Industry
Auto Manufacturers
Employees
6,441
Ticker
PIA
Exchange
EURONEXT MILAN
Description
Piaggio & C. S.p.A. is an Italian motor vehicle manufacturer renowned for its development of iconic scooters, motorcycles, and commercial vehicles. Best known for its Vespa scooter, Piaggio has a rich...

Piaggio & C's GHG Emissions Data Preview

In 2024, Piaggio & C completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Piaggio & C has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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a
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0000000
Total Scope 2
Market-Based
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a
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a
0000000
Location-Based
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0000000
Total Scope 3
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a
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a
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a
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
0000000
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Verified Sources Behind Piaggio & C’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Piaggio & C’s data sources below and access millions more through our Disclosure Search.

a. Piaggio & C's Financial Report 2024
a. Piaggio & C's Financial Report 2024

Insights into Piaggio & C's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofPiaggio & C amounted to45,400metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Piaggio & Cdecreased by 7.25%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

Piaggio & C's Scope 1 Emissions Over Time

20222023202405 k10 k15 k20 ktCO2e-12%-8%
  • Total Scope 1
  • Year-over-Year Change

What are Piaggio & C's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Piaggio & C were 15,347 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Piaggio & C reduced its Scope 1 emissions over time?

Since 2022, Piaggio & C's Scope 1 emissions have decreased by 19.37%, reflecting a declining long-term trend in Scope 1 emissions over time.a

Compared to the previous year(2023), Piaggio & C's Scope 1 emissions decreased by 8.29%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a

What are Piaggio & C's Scope 2 emissions?

In 2024, Piaggio & C reported Scope 2 greenhouse gas (GHG) emissions of 35,988 tCOâ‚‚e using the market-based method and 30,053 tCOâ‚‚e using the location-based method.a

Has Piaggio & C reduced its Scope 2 emissions over time?

Compared to the previous year(2023), Piaggio & C's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Piaggio & C's emissions have plateaued with no significant change in its energy consumption footprint.a

What methodology does Piaggio & C use for Scope 2 reporting?

In 2024, Piaggio & C reported its Scope 2 emissions using the market-based method and using the location-based method.a

Piaggio & C's Scope 2 Emissions Over Time

202220232024015 k30 k45 k60 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Piaggio & C's Value Chain Emissions

In 2024, Piaggio & C reported 4,712,664 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of Piaggio & C includes a breakdown across 9of the 15 Scope 3 categories defined by the GHG Protocol,up from 2 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina

Piaggio & C's Scope 3 Emissions Over Time

20222023202401.5 M3 M4.5 M6 MtCO2e-1%-7%
  • Total Scope 3
  • Year-over-Year Change

What are Piaggio & C's Scope 3 emissions?

In 2024, Piaggio & C reported total Scope 3 emissions of 4,712,664 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 14.24%of these emissions originated from upstream activities such as purchased goods and capital goods, while 85.76%came from downstream activities like product use, distribution, and end-of-life treatment.a

Has Piaggio & C reduced its Scope 3 emissions over time?

Since 2022, Piaggio & C's Scope 3 emissionshave remained relatively stable, indicating that Piaggio & C's emissions have plateaued with no significant change in its value chain footprint.a

Compared to the previous year (2023), Piaggio & C's Scope 3 emissions remained relatively stable, indicating that Piaggio & C's emissions have plateaued with no significant change in its value chain footprint.a

What categories of Scope 3 emissions does Piaggio & C disclose?

In 2024, Piaggio & C reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol.a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Piaggio & C's Scope 3 emissions?

In 2024, the largest contributors to Piaggio & C's Scope 3 emissions were:a

  • Use of Sold Products (Cat. 11): 4,041,587 tCOâ‚‚e(85.76%)
  • Purchased Goods and Services (Cat. 1): 547,538 tCOâ‚‚e(11.62%)
  • Waste Generated in Operations (Cat. 5): 42,338 tCOâ‚‚e(0.9%)

Piaggio & C's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(11.6%)Use of Sold Products(Cat. 11)(85.8%)

Insights into Piaggio & C’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Piaggio & C reported Scope 1 greenhouse gas (GHG) emissions of 15,347 tCOâ‚‚e and total revenues of USD 1,770 millions. This translates into an emissions intensity of 8.67 tCOâ‚‚e per millions USD.a

Piaggio & C's Scope 1 Emissions Intensity Compared to Peers

2050010,000100,0002,000,000Scope 1 Emissions (tCO2e)0.1520010,000500,000Revenues (Millions of USD)CCSImmsiYear: 2024Scope 1: 15,698 tCO2eRevenue: $M 1,819Scope 1 Intensity: 8.63 tCO2e/$MCCChina MotorYear: 2023Scope 1: 8,553 tCO2eRevenue: $M 1,255Scope 1 Intensity: 6.81 tCO2e/$MOtokarYear: 2024Scope 1: 14,781 tCO2eRevenue: $M 958Scope 1 Intensity: 15.43 tCO2e/$MPIERER MobilityYear: 2024Scope 1: 13,173 tCO2eRevenue: $M 1,833Scope 1 Intensity: 7.19 tCO2e/$MTomra SystemsYear: 2024Scope 1: 24,806 tCO2eRevenue: $M 16,700Scope 1 Intensity: 1.49 tCO2e/$MFerrariYear: 2024Scope 1: 65,338 tCO2eRevenue: $M 6,948Scope 1 Intensity: 9.40 tCO2e/$MIVS GroupYear: 2024Scope 1: 19,948 tCO2eRevenue: $M 763Scope 1 Intensity: 26.16 tCO2e/$MPolestar Automotive HoldingYear: 2024Scope 1: 48 tCO2eRevenue: $M 2,034Scope 1 Intensity: 0.02 tCO2e/$MZhejiang Leapmotor TechnologyYear: 2024Scope 1: 16,467 tCO2eRevenue: $M 4,811Scope 1 Intensity: 3.42 tCO2e/$MDRB-HICOMYear: 2024Scope 1: 68,253 tCO2eRevenue: $M 3,621Scope 1 Intensity: 18.85 tCO2e/$MCCChin Hin Group PropertyYear: 2024Scope 1: 917 tCO2eRevenue: $M 160Scope 1 Intensity: 5.74 tCO2e/$MNissan MotorYear: 2024Scope 1: 442,000 tCO2eRevenue: $M 83,768Scope 1 Intensity: 5.28 tCO2e/$MSSSuzuki MotorYear: 2024Scope 1: 410,000 tCO2eRevenue: $M 35,377Scope 1 Intensity: 11.59 tCO2e/$MSAIC MotorYear: 2024Scope 1: 610,000 tCO2eRevenue: $M 85,993Scope 1 Intensity: 7.09 tCO2e/$MTeslaYear: 2024Scope 1: 302,000 tCO2eRevenue: $M 97,690Scope 1 Intensity: 3.09 tCO2e/$MGreat Wall MotorYear: 2024Scope 1: 152,034 tCO2eRevenue: $M 27,352Scope 1 Intensity: 5.56 tCO2e/$MChongqing Changan AutomobileYear: 2024Scope 1: 151,868 tCO2eRevenue: $M 21,887Scope 1 Intensity: 6.94 tCO2e/$MVinFast AutoYear: 2023Scope 1: 7,747 tCO2eRevenue: $M 0Scope 1 Intensity: 174,836.38 tCO2e/$MGuangzhou Automobile GroupYear: 2024Scope 1: 159,201 tCO2eRevenue: $M 14,769Scope 1 Intensity: 10.78 tCO2e/$MSeres GroupYear: 2024Scope 1: 88,690 tCO2eRevenue: $M 19,892Scope 1 Intensity: 4.46 tCO2e/$MYulon MotorYear: 2024Scope 1: 33,364 tCO2eRevenue: $M 2,618Scope 1 Intensity: 12.74 tCO2e/$MBayerische Motoren WerkeYear: 2024Scope 1: 672,542 tCO2eRevenue: $M 148,163Scope 1 Intensity: 4.54 tCO2e/$MDr Ing hc F PorscheYear: 2024Scope 1: 76,989 tCO2eRevenue: $M 41,710Scope 1 Intensity: 1.85 tCO2e/$MIsuzu MotorsYear: 2025Scope 1: 172,302 tCO2eRevenue: $M 9,524Scope 1 Intensity: 18.09 tCO2e/$MPiaggio & CYear: 2024Scope 1: 15,347 tCO2eRevenue: $M 1,770Scope 1 Intensity: 8.67 tCO2e/$M

How does Piaggio & C's GHG emissions intensity compare to its peers?

In 2024, Piaggio & C reported a Scope 1 emissions intensity of 8.67 tCOâ‚‚e per millions USD. Compared to the peer group median of 7.02, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

Where does Piaggio & C rank on GHG emissions intensity within its industry?

In 2024, Piaggio & C ranked 16 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

Piaggio & C is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a

Insights into Piaggio & C's Total Carbon Footprint

In 2024, Piaggio & C reported a total carbon footprint of 4,758,064 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 7.39% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a

The largest contributor to Piaggio & C's total carbon footprint was Scope 3 emissions, accounting for 99.05% of the company's total carbon footprint, followed by Scope 2 emissions at 0.63%.a

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