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Ferrovie dello Stato Italiane (FS Italiane)

Ferrovie dello Stato Italiane (FS Italiane) is a state-owned company headquartered in Italy. In 2021 its revenue was USD 13.85 billion. FS Group is 100% owned by the Italian Ministry of Economy and Finance. Its transport services include passenger and freight rail and road transport. In 2021 it had 81,906 employees and operations in seven countries in Europe.

Ranking position
#7 /90
Total score
37.6 /100

29.1 /60
Core social indicators
6.0 /20
Just transition
2.5 /20

ACT score components

Performance score
4.4 /20
Narrative Score
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-90)


17.3 /100 #31

Material investment

35.2 /100 #14

Intangible investment

5.0 /100 #24

Sold products



45.0 /100 #31

Supplier engagement

16.7 /100 #42

Client engagement

0.0 /100 #62

Policy engagement

25.0 /100 #27

Business model

2.5 /100 #47

ACT assessment

Leading practice

No leading practices were identified for this company.

Risks and opportunities


FS Group receives a trend score of =. If the company were reassessed in the near future, its score would likely remain the same. FS Group has set a target for net-zero absolute scope 1 and 2 emissions by 2040. However, the company is not on track to achieve the reduction in emissions intensity required to align with its 1.5°C pathway. The company does not have a comprehensive transition plan to support its targets, but it plans to publish one within the next two years. The company is expanding Italy’s rail electrification lines from 72% to 75% in the next ten years and investing in increasing its in-house renewable energy generation capacity.

Progress towards the Paris Agreement

Social assessment

Just transition assessment

Core social assessment

More about the company

Rome, Italy
USD 13.85 billion
Fully state-owned