In the past three years, METLEN has been experiencing dynamic growth, implementing a key transformation while pursuing an important acquisition strategy. These activities, although critical to the Company's long-term growth and competitiveness and its contribution to the global energy transition effort, are inevitably accompanied by increased carbon emissions, due to the integration of new subsidiaries and activities that were not included in the limits of the initial climate target setting exercise in 2020. Consequently, METLEN, maintaining its commitment for net-zero emissions in the year 2050, is in the process of reviewing its interim climate targets (year 2030) and carbon reduction initiatives from its operations, taking into account information emerging from the Company's recent acquisitions and strategic business choices. This review is necessary to revise the estimates of future CO2 emissions relating to the Company's key assets and thus ensure that existing climate targets remain realistic and aligned with the broader corporate development strategy; if they do not, then the targets will be adjusted accordingly, focusing on keeping the Company on the trajectory of the WB2°C scenario as originally committed.
Given that this exercise has an increased degree of difficulty as regards the particularities of the different activities of the Company, it is expected to finish by the second half of 2025, and its results will be published in the Report of that same year.
