Our Commitment to Sustainability
Our Commitment to Sustainability
FNM places the search for a balance between competitiveness, sustainability and responsibility. at the heart of its strategy. The aim is to build a development model capable of combining business growth and financial soundness with environmental and social sustainability, creating lasting value for all stakeholders.
With the Strategic Plan 2024-2029, approved by the Board of Directors on on 18 November 2024, the Group is moving toward innovative, sustainable and inclusive development, responding concretely to global challenges of competitiveness.
Aware of its role in fostering the country’s ecological transition and in a context where the population is increasingly concentrated in large metropolitan areas, FNM has defined a strategy that focuses on collective mobility, ecological transition and digitalization.
The Plan is based on two strategic pillars:
– Sustainable mobility, through the development of interconnected, advanced and digitized transport infrastructures, capable of ensuring greater safety, accessibility and quality of services.
– Renewable energy, to promote an energy system that is efficient, decarbonised and in line with the objectives of the national energy transition.
Among the most relevant environmental, social and governance (ESG) objectives, to be achieved by 2029, are:
CLIMATE CHANGE AND BIODIVERSITY
- Reduction of ≈ 35% of emissions generated by buses and corporate consumption [tCO2eq vs 2023]
- ≈ 650 GWh renewable energy production from photovoltaic and wind power
- Adoption of a Transition Plan for net-zero GHG emissions by 2050
- ≈ 830 metric tons per year of hydrogen production for rail transportation, with 3 hydrogen production plants and 4 distribution facilities for rail use, 5 highway refueling stations, and 14 trains on the Brescia-Edolo line.
¹ Please note that the target has been adjusted due to the delay in the launch of the FER-X auctions and regulatory developments. For further information, please refer to the 2025 Annual Financial Report.
OWN WORKFORCE AND CONSUMERS AND END USERS
- Adoption of a Diversity, Equality & Inclusion policy, inspired by and in line with the European CER – ETF
”Women in Rail” agreement - 2 million square metres of areas affected by urban regeneration (FILI project)
- 25 km of additional track in areas of high concentration, for the benefit of service quality
- 1,500 thousand euros per km for investments related to the safety of the motorway network and ≈ 270 thousand euros per km for investments related to the safety of the railway network
GOVERNANCE
- 50% of orders by 2029 placed with suppliers that have an ESG score, by adopting a policy to define
enabling requirements and rewarding ESG evaluation criteria, and by launching training programmes for
internal resources - Business Impact Analysis carried out in accordance with a business continuity management
approach, as part of the process leading to the preparation of Business Continuity Plans
CLIMATE CHANGE AND BIODIVERSITY
Reduction of ≈ 35% of emissions generated by buses and corporate consumption [tCO2eq vs 2023]
≈ 650 GWh renewable energy production from photovoltaic and wind power
Adoption of a Transition Plan for net-zero GHG emissions by 2050
≈ 830 metric tons per year of hydrogen production for rail transportation, with 3 hydrogen production plants and 4 distribution facilities for rail use, 5 highway refueling stations, and 14 trains on the Brescia-Edolo line.
¹ Please note that the target has been adjusted due to the delay in the launch of the FER-X auctions and regulatory developments. For further information, please refer to the 2025 Annual Financial Report.
OWN WORKFORCE AND CONSUMERS AND END USERS
- Adoption of a Diversity, Equality & Inclusion policy, inspired by and in line with the European CER – ETF
”Women in Rail” agreement - 2 million square metres of areas affected by urban regeneration (FILI project)
- 25 km of additional track in areas of high concentration, for the benefit of service quality
- 1,500 thousand euros per km for investments related to the safety of the motorway network and ≈ 270 thousand euros per km for investments related to the safety of the railway network
GOVERNANCE
- 50% of orders by 2029 placed with suppliers that have an ESG score, by adopting a policy to define
enabling requirements and rewarding ESG evaluation criteria, and by launching training programmes for
internal resources - Business Impact Analysis carried out in accordance with a business continuity management
approach, as part of the process leading to the preparation of Business Continuity Plans
For more information, you can download the 2024–2029 Strategic Plan at the following link.
Morningstar Sustainalytics, a global provider of ESG ratings, rated the FNM Group’s ESG risk profile for 2025 as negligible, awarding it a score of 8.3, compared to 6.3 in the previous year. This result reflects robust management of sustainability issues, reinforcing FNM’s role as a leading operator in the Italian infrastructure landscape. FNM ranks among the top 50 top-rated companies globally out of more than 15,000 assessed entities and 4th among 175 companies active in the transport infrastructure sector.
The score assesses the exposure to ESG risks and the company’s ability to manage them: the Group has been assigned an overall low risk profile, demonstrating its strong commitment to quality and safety, to protecting the health of employees and to creating positive impacts for local communities. Consistently, the management of ESG issues was assessed as very solid and mature, thanks to a strong commitment to environmental sustainability, supported by solid and structured policies. ESG reporting is fully aligned with international standards and ESG governance is well defined, with clear supervision at the Board level.
Awarded as of 2025. The “ESG Industry Leader”, The “ESG Regional Leader” and The “ESG Global Leader” Badges recognises companies based on Sustainalytics’ rules-based methodology. Recognition is based on publicly available data at the time of assessment and may not fully capture all aspects of a company’s sustainability strategy or actions. Companies are compared within defined frameworks; recognition should not be interpreted as an absolute measure of sustainability performance or a guarantee of performance or outcomes. Further information concerning the Badge(s) and the underlying products can be found at this webpage. (https://www.sustainalytics.com/corporate-solutions/esg-solutions/top-rated-companies)
Further information about the badges and the underlying products is available on this web page: https://www.sustainalytics.com/corporate-solutions/esg-solutions/top-rated-companies
Our stakeholders
The FNM Group promotes continuous, transparent and constructive dialogue with its stakeholders, actively involving all categories of stakeholders through dedicated engagement and listening initiatives.
The opinions, expectations and requests collected are regularly shared with the administrative, management and supervisory bodies, helping to guide the Group’s strategic choices.
A central role in this process is played by the Double Materiality analysis, carried out in accordance with the provisions of the Corporate Sustainability Reporting Directive (CSRD), a fundamental tool to ensure that corporate decisions are consistent with the priorities and needs of the various stakeholders, while strengthening the ability to create value in the long term.
