Annual Financial Report

The report describes a strong 2021 recovery, with net income of 2,499 million euros and solid cash generation across the Group. It sets strengthened decarbonization objectives, including a 30% reduction in Scope 1+2+3 emissions versus 2016 by 2030 and net-zero emissions by 2050. Sustainability reporting covers climate, water, circular economy, biodiversity, human rights, safety and responsible tax, supported by Board and Sustainability Committee oversight. The Group reported 24,134 employees and increased its focus on diversity, digitalization and the energy transition.