The newly released Sustainability Report for 2023 details PSA Italy's accomplishments over the past year, despite the complex geopolitical and economic challenges that characterized the period. The report emphasizes the successes in improving operational efficiency, expanding infrastructure, and adopting sustainable practices. One of the major highlights is the arrival of 24,000 TEU container ships at the Genoa Pra’ terminal.
Additionally, the renewal of the PSA Venice-Vecon terminal concession for another 25 years marks a significant milestone, accompanied by an investment plan aimed at enhancing operational efficiency and eco-friendliness. PSA Italy also reported an 11% increase in volumes handled at the Venice terminal and introduced new rail services at Genoa Pra’, expanding the value chain with the launch of a warehouse dedicated to logistics services. These developments are part of broader investments in green technologies, including the adoption of eco-efficient reachstackers.
The report also underscores the reclassification of the economic value generated and distributed, highlighting PSA Italy's positive impact on its stakeholders, starting with its employees. With over €75 million in wage payments, PSA Italy has significantly contributed to the economies of the Genoa and Venice provinces, where 93% of its workforce resides. Each employee received an average of 34 hours of training, with a total investment of over €280,000.
PSA Italy's contribution to the economic well-being of communities is further reflected in the payment of over €16 million in taxes to the Public Administration and more than €110 million spent on services and consumables, 80% of which went to Italian suppliers.
On the environmental front, PSA Italy continues to pursue its ambitious emission reduction goals: a 50% reduction by 2030, 75% by 2040, and achieving net-zero emissions by 2050. The report highlights significant improvements in waste management, with a recovery rate averaging 93.4% in 2023, up from 90.7% the previous year.
Lastly, PSA Italy has strengthened its social commitment by investing in the training of new port leaders and supporting local communities through social initiatives. The adoption of the Corporate Sustainability Reporting Directive represents an additional step towards greater transparency and quality of sustainability information, integrating this value as a fundamental part of the company culture.
