How much do Italian companies pollute?
In Italy, there are still numerous companies that have not received the IEA (Integrated Environmental Authorisation) and thus pollute so much as to being outlawed by the environmental standards of the European Community.
Possibly the most well-known case is that of the Ilva of Taranto, an industrial establishment in the crosshairs for the health hazards it has caused to the residents in the surrounding area over a number of years. However, there are many companies from North to South that are not compliant.
Remaining in Puglia, the black sheep for pollution was attributed to the coal-fired power plant by Enel, Federico II of Cerano, in the province of Brindisi, for contaminating the soil, water and atmosphere. Enel was also in the crosshairs in Veneto, for its Fusina plant, an area of high environmental risk.
Sicily is also underperforming, with the petrochemical hub of Gela, that of Siracuse (Augusta-Priolo) and its Milazzo’s refineries, with very high environmental impact, and areas where the incidence of malignant tumours is far higher than the national average.
Fortunately, there is also some progress in environmental protection: according to Greenpeace Italia, it has gone from 147 million tonnes of CO2 emissions (the main cause of the global greenhouse effect) in 2005 to 122.2 million registered last year.
Merit is due, in these first steps towards an ecological business model, to companies that have embraced the philosophy of sustainability. This is an ever-increasing number, which gives hope for the future.
An example of such is ATM, the Milan-based public transport company, which has increased its kilometres travelled using clean energy by almost 70% (also thanks to installations of photovoltaic panels in its depots), and has committed itself to providing an efficient and eco-compatible service, achieving significant reductions in air and noise pollution.
Remaining in Milan, Pirelli, one of the best Italian ethical companies, has been able to reduce water withdrawals, increase waste recovery and implement the Green Performace segment, a range of tyres whose performance guarantees a reduction in CO2 emissions, fuel consumption and noise. This Milan-based company is one of the prime examples of how a company can be both “green” and profitable: within a few weeks its IPO is expected, where Pirelli promises to create “sparks”. According to many, it is the “IPO of 2017”.
A significant step forward that all companies could do is to invest more to make their business more green and clean. Considering this point, therefore, we consider so importantly what Pirelli intends to do after the quotation. The company is returning to the stock market with an important IPO. For more information, please read the Pirelli IPO on the official website. Thanks to the expected revenue growth (Pirelli reports growth ahead of IPO) and the economic income that the Italian company should have (Pirelli will overtake AIB with largest European IPO), Pirelli says it could invest valuable resources to improve the environmental impact of its industries and production.