Fedrigoni Group’s Post

This week in Rome, we joined Bain & Company Italy’s "Meet the Future of Energy" to address one of the most urgent challenges of our time: building a more sustainable and efficient energy system for Italy and Europe. Our CEO, Marco Nespolo, took part in a thought-provoking discussion alongside policymakers and industry leaders, including Minister Gilberto Pichetto Fratin Assess Bil Piemonte , Stefano Besseghini (ARERA - Autorità di Regolazione per Energia Reti e Ambiente), Guido Brusco (Eni & Confindustria Energia), Enrico Letta (IE University & Jacques Delors Institute ), and Barbara Marinali (ACEA SpA), moderated by Bruno Vespa. Nespolo emphasized the need for a diversified energy mix and highlighted that diversification helps lower energy costs. However, he noted that the current regulatory framework remains too complex, making it difficult for companies to navigate incentives and permits. He also raised a crucial question: what concrete financing tools are available to support the energy transition? Currently, energy costs in Europe remain significantly higher than in the U.S., with wholesale gas prices up to 342% more expensive and electricity costs in Italy 118% higher than the U.S. average. This affects our competitiveness, but we acknowledge the government’s ongoing efforts to support businesses in this transition. While challenges remain, we trust that institutions will continue to take concrete steps to create a more favorable environment for companies investing in sustainability. At Fedrigoni Group, we are taking action with a clear roadmap: by 2025, we will set our Science-Based Targets (SBTi) at 47.1% for 2030 and cut emissions by 50% through investments in renewable self-consumption (hydro and solar), biomethane, and long-term energy contracts. Yet, regulatory uncertainty and unpredictable costs continue to pose major challenges. Businesses are ready to act, but clear policies and accessible incentives are essential to driving real progress. #MakingProgress #EnergyTransition