total yield
of the stock
compared to
its 2003 price
euro cent
per share
million euro
of added value distributed
to local stakeholders

Associations of which Hera is a member

The Hera Group is present at the highest levels of the organisations which represent the system of local public services, in particular in Utilitalia. Hera participates actively in the association’s activities and supports the institutional communication through the identification of its representative in the different roundtables opened with regulators by the Associations. The Group is also a member of AIRU (the Italian association for Municipal Heating), CIG (Italian Gas Committee), FIRE (Italian Federation for the rational use of Energy). It contributes to research activities regarding the public services sector conducted by leading institutions, both as a customer for specific research, and participating in the scientific debate proposed by them with contributions published under record (AREL – Research and Legislation Agency, AGICI Business Finance, REF Ricerche) and direct participation in top level bodies (such as the IEFE board, Institute of energy and environment politics and economics at Bocconi University). Hera is also a member of the ASPHI (promotion and integration of the disabled via the use of Information and Communication Technology) association and Impronta Etica, (a business association to promote social responsibility) and of the Associazione Aziende Modenesi per la Responsabilità Sociale.