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Hera successfully launches its first sustainability-linked bond

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Asset Publisher

Press releases
18/07/2024
Hera Spa
Other press releases
Price sensitive

Circular economy: partnership between Fincantieri and Hera Group

Online since 18-07-2024 at 12:00
Press releases
05/07/2024
Hera Spa
Other press releases
Shareholders’ meeting

COMMUNICATION OF THE OVERALL AMOUNT OF VOTING RIGHTS

(drafted pursuant to article 85-bis, paragraph 4-bis, of Consob Regulation 11971 / 14 May 1999)

Press releases
02/07/2024
Hera Spa
Other press releases

Quality, Safety and Environment: Hera Group confirms a solid protection in compliance with international standards

<p><em>The Bureau Veritas’ certifications have been renewed, with a focus on innovation for sustainability</em></p>
Press releases
19/06/2024
Hera Spa
Price sensitive

Hera Group ranks first in the 2024 ESG Identity Corporate Index (formerly IGI)

<p><em>For the fourth consecutive year, the Group is on the podium of the overall index ranking, which rewards Italian companies that stand out for integrating ESG factors into their governance. This comes as further recognition of the Group’s commitment to creating long-term value for its shareholders and all its stakeholders</em></p>
Online since 19-06-2024 at 11:08
Press releases
11/06/2024
Hera Spa
M&A
Price sensitive

Inrete Distribuzione Energia acquires Soelia’s gas network

<p><em>The Hera Group, through its subsidiary operating in the natural gas distribution sector, strengthens its presence in the area served</em></p>
Online since 11-06-2024 at 11:57
Press releases
15/05/2024
Shareholders’ meeting
Price sensitive
Hera Spa

Publication of documents pertaining to the Shareholders Meeting

Online since 15-05-2024 at 10:35
Press releases
15/05/2024
Price sensitive
M&A
Hera Spa

Hera Group acquires Soelia’s gas network

Through its subsidiary Inrete Distribuzione Energia, the Group was awarded the tender for the gas distribution plants and network serving the municipality of Argenta in Ferrara area

Online since 15-05-2024 at 10:38
Press releases
14/05/2024
Price sensitive
Financial Results
Hera Spa

Hera Group BoD approves results for 1Q 2024

<p>The consolidated quarterly report at 31 March shows improvement in the main operating and financial indicators. The Group’s financial solidity and commitment to sustainability and the ecological transition were confirmed, along with the creation of value for all stakeholders and significant investments in the areas served to improve our assets resilience and to guarantee service quality and continuity</p>
Online since 14-05-2024 at 12:41
Press releases
30/04/2024
Shareholders’ meeting
Hera Spa
Price sensitive

Hera Shareholders Meeting: 2023 financial statements approved and dividend increased to 14 cents

The Group continues along its path of uninterrupted growth, closing 2023 with record performance in the main operating and financial indicators, thus constantly creating value for its stakeholders.

Online since 29-04-2024 at 12:53
Press releases
23/04/2024
Hera Spa
Other press releases

Hera Group at the top of ARERA’s water service quality ranking

The multiutility confirms itself among Italy’s most outstanding operators, securing the first and third positions, with reference to all macro-indicators, as proof of the very high standards adopted by the Group in this field. A commitment that the Hera fulfils with significant investments to ensure the highest quality and continuity of service to around 3.6 million citizens and an increasingly efficient and circular use of resources. Important results have been achieved, particularly in Emilia-Romagna.

08/04/2024
Other press releases
Hera Spa

Publication of the Draft Separate and Consolidated Financial Statements as of 31.12.2023, the Sustainability Report - Consolidated Non-Financial Statement, the Corporate Governance Report, and the Report on Remuneration and Compensation Paid

29/03/2024
Hera Spa
Other press releases

Rigid plastics recycling: one of Europe’s most innovative plants to be built in Modena

<p><em>Thanks to investments totalling approximately 50 million euro, the Hera Group will build a state-of-the-art facility within its own plant complex. Starting from plastic waste that has so far been difficult to recycle, it will produce high quality polymers with characteristics similar to those shown by virgin materials, thus making sectors such as consumer electronics and the automotive industry increasingly sustainable</em></p>
Press releases
27/03/2024
Shareholders’ meeting
Hera Spa

Publication of documents pertaining to the Shareholders Meeting to be held on 30 April 2024

Press releases
26/03/2024
Other press releases
Hera Spa
Price sensitive
Financial Results

Hera Group approves results as at 31/12/2023

<p><em>The year closed with main financial indicators rising and the targets included in the strategic Plan to 2026 exceeded three years ahead of schedule. The Group’s financial solidity and flexibility allowed it to continue along its path of industrial growth, increasing its investments and successfully grasping market opportunities, both internal and external, while continuing to generate value benefitting all stakeholders. The proposed dividend was raised, reaching 14 eurocents per share</em></p>
Online since 26-03-2024 at 12:47
Press releases
11/03/2024
Hera Spa
Other press releases

Green energy and a new urban forest: the Hera Group’s Energy Park arrives in Bologna

<p><em>Sustainability, decarbonisation, liveability and biodiversity protection are the keywords of this project, which will be developed in the northern part of the city and will contain a new urban park with facilities, complemented by areas dedicated to protecting animal and plant species, and an agrivoltaic field that will allow an annual saving of 6,000 tons of CO2.</em></p>
Press releases
04/03/2024
Shareholders’ meeting
Hera Spa
Other press releases

The passing of Hera S.p.A.'s Vice Chairman, Mr. Gabriele Giacobazzi

We hereby inform you that on March 3, 2024, the Vice Chaiman of the Board of Directors, Mr. Gabriele Giacobazzi, passed away.

Press releases
13/02/2024
Hera Spa
Other press releases

Hera Group among Europe’s leaders in sustainability and the fight against climate change

<p><em>The Group achieved the leadership band in the CDP questionnaire and was included among “TOP 1%” Multi and Water Utilities of the S&amp;P Global’s Sustainability Yearbook 2024. These recognitions prove Hera’s commitment to sustainable development and creating shared value for local areas.</em></p>
Press releases
06/02/2024
Hera Spa
Other press releases

Hera Group: over 1 million new electricity customers as of 1 July

<p><em>With the 7 lots awarded in the tender for the Gradual Protection Service for non-vulnerable household customers, the Hera Group consolidates its position as the sector’s third largest operator in Italy.</em></p>
Press releases
25/01/2024
M&A
Hera Spa
Other press releases

Hera Group expands in the industrial waste sector with TRS Ecology

<p><i><span lang="EN-GB" style="font-size:11.0pt"><span style="line-height:106%"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;"></span></span></span></i>With the acquisition of 70% of the Piacenza-based company, the Group reinforces its leadership in the waste management sector. This transaction, at full capacity, is expected to contribute to growth in the Hera Group’s Ebitda with approximately 6 million euro.<i><span lang="EN-GB" style="font-size:11.0pt"><span style="line-height:106%"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;"> </span></span></span></i></p>
Press releases
24/01/2024
Price sensitive
Financial Results
Hera Spa
Other press releases

Hera Group presents Business Plan to 2027

<p><em>Development, resilience and creating shared value for stakeholders are at the heart of the Group’s new strategic document, which foresees investments totalling 4.4 billion to speed up the ecological transition and enhance asset resilience to climate change. The preliminary results for 2023 outperform the previous Plan’s goals that have been achieved three years ahead of schedule, thanks to the numerous development actions implemented and the Group’s ability to grasp market opportunities.</em></p>
Online since 24-01-2024 at 12:02

Asset Publisher

13/10/2021
Hera successfully launches its first sustainability-linked bond

Strong interest shown by international investors towards the 500 million euro, 12-and-a-half-year bond. The issue is part of a strategy aimed at sustainability, intended to reduce emissions and recycle plastics. The subscriptions received totalled around two billion euro, four times the amount offered

The Hera Group – a pioneer in sustainable finance in Italy – has successfully launched its first sustainability-linked bond, worth 500 million euro. This non-convertible bond attracted a great deal of interest from international investors, who made subscriptions coming to four times the amount offered. The issue is part of a strategy aimed at sustainability, intended to reduce emissions and recycle plastics.

One of the first companies in Italy to issue a sustainability-linked bond, Hera continues to act as a point of reference for ESG finance nationwide, with innovative instruments capable not only of supporting its commitment to sustainable development but also attracting growing attention on the market. Hera – it is worth recalling – was the first company in Italy to issue a green bond, in 2014, followed by a second green bond five years later, as well as the first ESG-linked revolving credit line, in 2018.

Hera’s first sustainability-linked bond follows up on the publication, last 6 October, of its Sustainability-Linked Financing Framework (SLFF), with which the Group further strengthened the integration between its financial strategies and its attention to sustainability, outlining the metrics applicable to any financial instrument.

The features of Hera’s sustainability-linked bond

Hera’s first sustainability-linked bond, launched as part of the Euro Medium-Term Notes programme (last updated on 7 October) and reserved for qualified investors, amounts to a total of 500 million euro, repayable in 12 and a half years.

The transaction saw significant participation coming from international investors (France, Germany, Netherland and United Kingdom), most of whom specialised in sustainable finance products. The strong demand, with subscriptions coming to around two billion euros, four times the offer, and the quality of the orders received, allowed the price to be set at an excellent level.

An annual fixed rate coupon of 1.0% will be paid, while the yield at the time of issue is 1.077%. As of the interest payment date of 2032, a possible step-up (interest rate increase) has been included, should the Group fail to meet the targets for reducing greenhouse gas emissions, in tonnes of CO2 (rate increase of 0.20%), and the quantity of recycled plastic, in thousand tonnes (rate increase of 0.15%).

The new issue, whose settlement date has been set for 25 October 2021, will be listed, as of the issue date, on the regulated market of Euronext Dublin, on the regulated market of the Luxembourg Stock Exchange and, at a later moment, on Borsa Italiana’s ExtraMOT PRO multilateral trading facility.

This sustainability-linked bond is also expected to be assigned a rating in line with Hera’s (Baa2 with stable outlook for Moody’s and BBB+ with stable outlook for Standard & Poor’s).

Interventions aimed at reducing emissions and recycling plastics

The sustainability-linked bond is part of the Hera Group’s strategy aimed at reducing greenhouse gas emissions and increasing the amount of plastic recycled. These activities have already been launched or are included in the Business Plan, and represent Hera’s commitment to achieving the objectives on the UN 2030 Agenda. The bond is linked, as mentioned above, to meeting the sustainability targets contained in the Sustainability-Linked Financing Framework, with respect to which intermediate Sustainability Performance Targets (SPTs) have also been defined, which will be reported annually for the purpose of transparency.

More specifically, the Hera Group aims to reduce greenhouse gas emissions by 37% within 2030 (compared to 2019), thanks to both the concrete actions taken within the Group and the involvement of suppliers and customers in electricity and gas sales. This is one of the most ambitious targets for a company in Italy, validated by the prestigious international network Science Based Target initiative (SBTi).

As regards the second target, the Group aims to increase its amount of recycled plastic by 150% by 2030 (compared to 2017), thanks to factors including an increased plant capacity and an extension of the scope of action to include the recovery of rigid plastics. Hera is already a leader in this area, thanks to its subsidiary Aliplast, and is the only Italian multi-utility to have signed the Ellen MacArthur Foundation’s “New Plastics Economy Global Commitment”.

“Our first sustainability-linked bond provides further confirmation of Hera’s commitment to sustainable development, with a focus on carbon neutrality and the circular economy, thanks to ESG financial strategies” states Stefano Venier, CEO of Hera Group “For some time, we have been committed to actions aimed at reducing emissions and recycling plastics, thus respecting our Business Plan and strategies for the energy and environmental transition. These issues are particularly relevant for us, considering the very nature of the businesses in which we operate, and we can make a real difference by responding to the many challenges we are currently facing, first and foremost climate change, and contributing to achieving the goals on the 2030 Agenda. Thanks to this new bond issued, we will be able to give further impetus to our activities in these areas.”

The partners in the operation

Hera’s sustainability-linked bond issue was coordinated and placed by BNP Paribas, Credit Agricole CIB, IMI-Intesa Sanpaolo, Mediobanca, Santander and UniCredit. The law firm Legance Avvocati Associati assisted Hera, while Linklaters supported the placing banks.

Online from 13 October 2021 at 18:23:00

Search Results

30/04/2024
Shareholders’ meeting
Hera Spa
Price sensitive

Hera Shareholders Meeting: 2023 financial statements approved and dividend increased to 14 cents

The Group continues along its path of uninterrupted growth, closing 2023 with record performance in the main operating and financial indicators, thus constantly creating value for its stakeholders.
Online dal 30/04/2024 alle ore 12:53
23/04/2024
Hera Spa
Other press releases

Hera Group at the top of ARERA’s water service quality ranking

The multiutility confirms itself among Italy’s most outstanding operators, securing the first and third positions, with reference to all macro-indicators, as proof of the very high standards adopted by the Group in this field. A commitment that the Hera fulfils with significant investments to ensure the highest quality and continuity of service to around 3.6 million citizens and an increasingly efficient and circular use of resources. Important results have been achieved, particularly in Emilia-Romagna.
Online dal 23/04/2024 alle ore 10:49
08/04/2024
Other press releases
Hera Spa

Publication of the Draft Separate and Consolidated Financial Statements as of 31.12.2023, the Sustainability Report - Consolidated Non-Financial Statement, the Corporate Governance Report, and the Report on Remuneration and Compensation Paid

2024-04-08 Kindly note that the following documents, approved by the Hera S.p.A. Board of Directors, have been made available to the public at company headquarters, on the website https://eng.gruppohera.it/ and on the authorised storage platform 1INFO (www.1Info.it): folder containing the draft Separate Financial Statements and Consolidated Financial Statements as of 12/31/2023, including the Report of the Board of Statutory Auditors and the Report of the Independent Auditors; Sustainability Report - Consolidated non-financial statement prepared in accordance with Legislative Decree 254/2016. In the same way, the Corporate Governance Report and the Report on Remuneration Policy and Compensation Paid are also available. 15:27:00
Online dal 08/04/2024 alle ore 15:27
Press releases
29/03/2024
Hera Spa
Other press releases

Rigid plastics recycling: one of Europe’s most innovative plants to be built in Modena

2024-03-29 Thanks to investments totalling approximately 50 million euro, the Hera Group will build a state-of-the-art facility within its own plant complex. Starting from plastic waste that has so far been difficult to recycle, it will produce high quality polymers with characteristics similar to those shown by virgin materials, thus making sectors such as consumer electronics and the automotive industry increasingly sustainable Work has begun in Modena on the construction of one of the most innovative plants in Europe for rigid plastics recycling. The Hera Group, through its subsidiary Aliplast – a leading company in plastics collection, recycling and regeneration – will create a state-of-the-art plant capable of obtaining high quality recycled polymers with characteristics comparable to those of virgin materials obtained from fossil fuels. The total investment made by the Hera Group amounts to approximately 50 million euro, 7.7 of which will be financed with NRRP funding (National Recovery and Resilience Plan). The facility is expected to be completed in late 2025. Construction work recently began within a site where a waste-to-energy plant and a wastewater treatment plant managed by the Group are located. The new plant will therefore operate within a context in which industrial synergies oriented towards sustainability can be created. The project was presented today, with Modena Mayor Gian Carlo Muzzarelli, Hera Group CEO Orazio Iacono and Aliplast CEO Carlo Andriolo present. A state-of-the-art plant capable of producing 30 thousand tonnes of recycled polymers per year When fully operational, the new plant will produce up to 30 thousand tonnes of high-quality recycled polymers annualy from rigid plastic waste, which is among the most difficult to successfully recycle, mainly coming from the consumer electronics and automotive sectors. These polymers, while still being recycled, will be pure enough to be reused in the same original sectors, with a quality similar to the one shown by virgin materials. The method used by Aliplast, in fact, involves upcycling, a kind of regeneration that improves the quality of the initial polymer and thus achieves high quality characteristics. In this way, the plastics leaving the plant will meet needs that until present have been covered almost exclusively by virgin raw materials, and even sectors with a significant environmental impact will be able to increase their sustainability. Suffice it to say that the quantity of plastic recycled in one year by the plant when fully operational will save environmental emissions amounting to approximately 30,000 tonnes of CO2 equivalent. This new plastics recycling plant was designed based on the engineering and technological expertise of NextChem, the Maire Group’s subsidiary for sustainable technology solutions. A production process based on circular resources The new facility will be part of an already consolidated Hera Group plant complex and will thus be able to exploit the potential of different business lines. In particular, it will be powered by the electricity produced by the nearby waste-to-energy plant, while the production process will use the water coming out of the purification plant and later reinject it into the same plant, thus closing a virtuous circle. Lastly, the rigid plastics recycling plant will guarantee high standards of safety and innovation, with automation and highly digitised processes, which will also maximise energy efficiency. The plastics processed will also be zero-kilometre, since the material processed in the plant will be selected mainly from the waste that the Hera Group already processes in its own sorting and recovery lines, through Herambiente, or by involving the local production fabric. The Hera Group’s path to work towards the circular economy and decarbonisation This new rigid plastics recycling plant falls within the path that the Hera Group has been pursuing for some time to promote the circular economy and decarbonisation. In its 2023-2027 business plan as well, the Hera Group confirmed its commitment to supporting the ecological transition of the areas it serves, with initiatives intended for residents, public administrations and industrial customers, based on its extensive set of plants and the know-how it has acquired in various business sectors. In particular, the Group has earmarked 1.7 billion euro to feed projects dedicated to the circular economy and the regeneration of resources, equivalent to 39% of its total investment plan, which amounts to 4.4 billion euro. Moreover, thanks to the development of new state-of-the-art plants such as this one in Modena, the Group aims to further consolidate its position in the waste management area, a sector in which subsidiary Aliplast, already a national market leader in the high quality recycling of PET (polyethylene terephthalate recycled in granules and flakes) and LDPE (low density polyethylene recycled in granules) polymers, aims to play a key role in recycling of rigid plastics as well. "We are proud to present this project that, in addition to strengthening our set of plant, will give a further boost to the important contribution that Hera Group has been making to the Italian recycling industry for years. In the current context, a higher demand is coming from companies for increasingly sustainable solutions for waste treatment and recovery, guaranteeing that the cycle is closed with a view to the circular economy," explains Hera Group CEO Orazio Iacono. " There is therefore a need for new-generation plant capacity nationwide, and we are responding to this need with concrete and innovative projects. In particular, this plant will be a driving force in reaching resource circularity goals, especially in sectors such as the consumer electronics and automotive industries, with the additional aim of promoting increasingly circular and short Italian supply chains. This project is part of the initiatives outlined in the Business Plan to respond to the 2030 goals in terms of circular economy and decarbonization and is an integral part of our path aimed at accompanying the communities served toward the green transition, consistent with our corporate purpose." "With this project, we give further concreteness to the theme of sustainability and ecological transition that is characterizing our commitment to urban and environmental choices," emphasizes the Mayor of Modena, Gian Carlo Muzzarelli. "We are providing the territory with new employment opportunities and a tool to support the circular economy. It is a project that, along with the Hydrogen Valley project that includes Hera’s partnership, highlights how the resources of the PNRR can contribute to achieving the ecological transition, which is also part of the objectives of the Municipality's direct intervention program with the Next Generation Modena plan, which continues to follow the roadmap." loropersito.jpg
Online dal 29/03/2024

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Telephone: +39 051 287111

HERA SPA

Viale Carlo Berti Pichat nr. 2/4 - 40127

 

Bologna

Contacts

Telephone: +39 051 287111

HERA SPA

Viale Carlo Berti Pichat nr. 2/4 - 40127

 

Bologna

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Interactive financial statements and sustainability reports
The consolidated economic results at 31 December 2023 and the 2023 sustainability report were approved by the Board of Directors of the Hera Group on 26 March 2024

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Hera SpA, Viale Carlo Berti Pichat 2/4, 40127 Bologna, Tel.051287111 www.gruppohera.it