In 2021 and early 2022, Italo carried out a comprehensive climate risk assessment to identify, prioritize and report on key risks and opportunities linked to climate change.

The climate change scenarios used in the study are based on the greenhouse gas emission (GHG) concentration pathways set out by the Intergovernmental Panel on Climate Change and additional resources.

The results of the analysis have provided Italo with a review of the main transient physical and climatic exposures and form the basis for an effective risk financing strategy to transfer these risks.

The analysis is closely aligned with the requirements of the Task Force on Climate-Related Financial Disclosures (TCFD), and breaks down into two assessments: Physical Climate Risk Assessment e Transition Risks & Opportunities Assessment.