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Shared value

Our approach to shared value

An EBITDA of Euro 300 million generated in 2016 from activities related to the "Global Agenda" priorities

A process was started in 2016 to identify Hera's approach to Creating Shared Value (CSV) inspired by Porter and Kramer's indications in 2011 and taking into account the new EU communication on CSR of the same year. The programme made it possible to identify our own definition of CSV which will steer our approach to CSR and will further enhance our sustainability reporting with new views and perspectives, some of which already anticipated in this Report.

For Hera, the creation of shared value is the result of all those business activities that generate operating margins and meet the global agenda drivers, i.e. those "calls to action" for change in specific fields, set out in global, European, national and local policies.

Hera's approach to CSV will also be a new source for steering our future strategy in the single businesses managed, a strategy that already fully integrates sustainability aspects, consistently with the goals for sustainable development defined in the 2030 UN Agenda. This long-established approach already allows us to develop projects and activities geared towards CSV. Many of these are described in this Sustainability Report, where the share of EBITDA generated by CSV-based activities is also reported for the first time.