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The Hera Group presents NexMeter, the meter with the future in the mind: innovation and safety

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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
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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
Press releases
22/01/2024
Shareholders’ meeting
Hera Spa
Other press releases
Price sensitive

Calendar of corporate events

Online since 22-01-2024 at 13:24
18/01/2024
Hera Spa
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Hera Top Employer for the 15th Consecutive Year

<p><em>The company reaffirms, once again in 2024, its position among the best performers in human resources management, thanks to substantial investments in welfare, training, and skill development.</em></p>
Press releases
02/01/2024
Hera Spa
Other press releases

Hera Group has obtained the “Gender equality certification”

<p><em>A further confirmation of the importance of Hera’s achievements in terms of gender equality and inclusion</em></p>

Asset Publisher

13/11/2019
The Hera Group presents NexMeter, the meter with the future in the mind: innovation and safety

The 2019 European Utility Week includes a preview of the new smart gas meter 4.0, provided with advanced technology and functions, and features that are unique on the international scene. Thanks to investments coming to 45 million euro, the first 300,000 units will be installed in some areas served by Hera.

NexMeter

NexMeter, the new gas meter 4.0 conceived by the Hera Group, looks towards the future, today: provided with avant-garde technology and functions, above all concerning safety, and "environment friendly", its features cannot be found elsewhere on the international scene.
This "smart" device was born out of the experience gained by Hera, one of Italy's largest multi-utilities. The fruit of the know-how accumulated over time in gas distribution service management, it also owes much to the continuous investments made in innovation and research and development. The Hera Group has already allocated roughly 45 million euro in investments to install the first 300,000 meters over the upcoming three years.

The companies chosen as partners are among the most qualified, nationally and internationally: the Japanese multinational Panasonic, a global leader in electronic product and component manufacturing, and Pietro Fiorentini, one of Italy's foremost enterprises involved in providing products and services for the entire natural gas sector.

Precisely because of its advanced functions and the international team involved in its development, a preview of NexMeter was given yesterday afternoon in Paris, in the prestigious setting of the 2019 European Utility Week, the sector's most important showcase.

A "mini-computer", leading the way in innovation and safety

NexMeter is much more than a gas meter: it's a "mini-computer" whose features outperform the other devices now seen on the market. Provided with advanced technology - now, for the first time, contained within the device itself and based on algorithms, sensors and ultrasounds - and characteristics giving it an unrivalled precision, it offers advanced safety functions, supporting a fundamental aspect of gas services.
The specific monitoring and warning tools with which it is provided allow it to prevent accidents in a range of situations, offering greater protection to buildings and citizens, along the lines of electric circuit breakers.
For example, the system's regular functioning is constantly checked by verifying supply and network pressure, immediately reporting any excess or drop. The meter is able to signal any kind of gas leak: not only large, short-term losses due to breakage or voluntary damage, but also the smaller, continuous leaks that customers might not notice right away. It can thus interrupt supply in case of irregularities, making the system safe. Furthermore, it is able to detect tremors caused by earthquakes in real time, and in this case as well it interrupts gas supply and thus acts towards providing better safety.

Real time communication between metres, control systems and users

In addition to periodically sending ordinary information as to actual consumption, like other smart gas meters, in case of emergency NexMeter is activated and contacts the Group's central remote control facility in Forlì. This avant-garde technological centre is one of Europe's largest, and monitors Hera's networks and plants across the entire area served in real time. In turn, the remote control facility, if it has a certain way to contact the user, attempts to send them an warning signal. In any event, the device's status can be checked by customers themselves on the meter's display, thanks to a simple and immediately comprehensible interface.

NexMeter is environment friendly

Not only is NexMeter "smart" and precise, it's also a green assistant who will help cut spending for consumption. Thanks to its ability to detect even slight gas leaks and signal them to users, NexMeter contributes to reducing the cost of bills.
Furthermore, it benefits the environment by promoting a smart use of energy and favouring a rational use of resources. By eliminating leaks, indeed, it also reduces methane dispersion, which is highly pollutant, while the entire process of optimising gas network management has a positive effect on the performance and emissions of many devices, first and foremost hot water heaters. NexMeter - in addition to being entirely compatible with all kinds of networks and plants - is already suitable for future "clean gas" systems, such as biomethane.
One can only add that it is the first meter built out of materials that contain recycled plastic, reflecting Hera's long-standing attention towards the environment and a circular economy. Moving in this same direction, Hera was the first company in Italy to introduce recycled plastic materials into the tubes of its own networks.

An opportunity for local areas: the first installations and the next steps

Following up on the opportunities offered by the large-scale gas meter substitution foreseen by Italian regulations (resolution ARG/gas 155/08), Hera's new 4.0 meter meets possible developments in legislation in advance, introducing features that go beyond current requirements and putting innovative technology at the service of the needs shared by household and non-household users.
As early as the next few months, installation of the device will be launched in some areas served by the Group: overall, during the next three years, 300,000 devices will be installed in localities served by Hera, mainly in Friuli-Venezia Giulia and Emilia-Romagna, in the provinces of Modena and Ferrara, areas classified as being at risk of earthquakes or in which similar events have recently occurred.

A valuable project

NexMeter's features respect the interventions outlined in the 2019-2021 strategic framework drafted by Italy's Energy, Network and Environment Authority (ARERA). These objectives are challenging in terms of innovation, safety and attention towards the environment, with respect to which the Italian authority orients sector companies. The presentation of NexMeter confirms that the Hera Group is fully able and ready to act on these indications, making the most of its employees' professional skills and potential for innovation.

"With NexMeter", states Stefano Venier, CEO of the Hera Group, "we are bringing a new wave of innovation into a business, gas distribution, that is still quite traditional. To develop it in the best way possible, we have brought together our considerable experience in the gas distribution sector together with the skills of the most qualified national and international partners. In a broader sense, innovation is one of our strategic priorities, sustained by a significant economic investment, coming to over 380 million euro in the five years covered by our latest Business plan. It is with initiatives such as this, indeed, that the Hera Group carries out its own mission, already today, with technology coming from the future, meeting the needs of the citizens who live in the areas we serve. All of this is accompanied by constant attention towards the environment: our meter in fact promotes a smart use of energy and an efficient use of resources, which are two of the drivers according to which the Hera Group has established its commitment towards sustainability".

"This project could not be accomplished without Gruppo Hera's solid desire and intention to develop and deploy new gas smart meter which equipped with safety functions. It is honourable for Panasonic to contribute as a key devices supplier of which technology had been proven more than 35 years with 120 million sets delivered in Japan and will enormously enhance the safety level in the gas distribution network in Italy" said Anton Terasaki, Managing Director of Smart Energy System Business Division Appliances Company, Panasonic Corporation.

"We are very enthusiastic about our work on this innovative project for smart meters with advanced features in safety and reliability. It will provide Hera's customers and the entire supply chain with a significant amount of data, fundamental for a safe, efficient and enlightened use of gas", states Cristiano Nardi, Executive Chairman of the Pietro Fiorentini Group. "Our collaboration with Panasonic fully respects our policy of open innovation that leads us to collaborate with many international partners, universities and research centres".

The Hera Group is among Italy's largest multi-utilities, working mainly in the environment (waste collection and treatment), energy (electricity and gas distribution and sales, energy services) and water (aqueduct, sewerage and purification) sectors. Other services offered include public lighting and telecommunications. The Group employs almost 9,000 employees who meet the needs of 4.4 million citizens in over 350 municipalities mainly located in Emilia-Romagna, Veneto, Friuli-Venezia Giulia, Marche, Tuscany and Abruzzo. A listed company since 2003, as of 18 March 2019 Hera has been included in the FTSE MIB.

Panasonicis worldwide leader in the development and manufacture of electronic products for a wide range of consumer, business, and industrial needs. Based in Osaka, Japan, the company recorded consolidated net sales of 8.0 Trillion Yen for the year ended in March 31 2019. The Company's shares are listed on the Tokyo, Osaka, Nagoya, and New York (NYSE: PC) stock exchanges.

Pietro Fiorentini is an international group comprising twenty-six branches and subsidiaries. Based in Arcugnano (Vicenza), it provides a wide range of products, systems and services to the Oil & Gas sector, with eleven manufacturing facilities worldwide. It was recently included by the Centro Studi ItalyPost in a list of the one hundred Italian companies having an annual turnover coming to between 120 and 500 million euro who have performed the best operationally and financially from 2011 to the present. Pietro Fiorentini's mission is strongly oriented towards customer centricity and environmental protection, applying the most modern technologies to meet the needs of the market and to promote the development of clean and safe energy, thanks to new solutions including renewable gas and hydrogen.

Online from 13 November 2019 at 10:50:24

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Press releases
25/07/2022
Hera Spa
Other press releases

Hera is the first Italian listed company certified by Bureau Veritas for the circular economy

2022-07-25 The Group has successfully concluded its certification process with the multinational Bureau Veritas, the sector’s leader, confirming the commitment shown by Hera over the years with numerous projects and initiatives favouring the circular economy. For its circular economy projects, Hera has obtained from Bureau Veritas Italia, a leading multinational certification company, the certificate for the AFNOR XP X30-901 standard, the first issued to an Italian multi-utility. The French AFNOR XP X 30-901 standard is now the main international reference for implementing a management system for circular economy projects. This model, in fact, provides a point of reference for all companies that, wishing to adopt circular solutions within their production systems, need a certifiable guide on which to base themselves. Certification for the AFNOR standard encourages standardisation of corporate methodologies for project management, achieved by adopting a concrete tool to carry out a critical analysis of these methods in relation to areas of action and environmental, social and economic factors. More specifically, it is based on a matrix that combines the 3 classical factors involved in sustainability (environment, economy, society) with the 7 action areas of the circular economy (Sustainable Procurement, Eco-design, Industrial Symbiosis, Functional Economy, Responsible Consumption, Product Life Extension, Efficient Product and Material Management). Hera has implemented a management system for its circular economy projects and has set up the following three, according to this matrix: the “O.V.E.” project to transform the exhausted vegetable oils collected in the served area into biofuel; a project to integrate circularity criteria into procurement; and a project to reuse purified wastewater. Bureau Veritas Italia was therefore called upon to analyse them in detail and has certified the compliance of the company’s management system for circular economy projects with the AFNOR standard. “Obtaining this certification guarantees greater transparency in the results achieved by the Hera Group in the area of the Circular Economy towards all its stakeholders”, comments Marcello Guerrini, Group Manager of Corporate Services. “Sustainable development has always been at the heart of our company’s strategies, across all of its businesses, and the application of the management system foreseen by the AFNOR standard, certified by an authoritative third-party body such as Bureau Veritas, gives value to all the efforts made over the years and contributes to responding even more efficiently to Goal 12 of the 2030 UN Agenda (Ensure sustainable consumption and production patterns). It thus represents a further important step for the Hera Group, which for years has been committed to initiatives aimed at favouring the transition towards an increasingly circular economy.” Andrea Filippi, Certification Service Line Manager of Bureau Veritas Italia points out that “the transition from the current linear economic system to a circular economy model goes through concrete and verifiable actions. Bureau Veritas Italia stays by the side of organisations that – like Hera – choose innovative circular models by measuring themselves against international best practices. Thanks to the management system foreseen by AFNOR XP X 30-901, companies benefit from a roadmap that helps them define objectives, measure and communicate their circularity performance.” 20220725 Bureau Veritas circular economy certification.pdf 11:10:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg
Online dal 25/07/2022 alle ore 11:10
Press releases
29/06/2022
M&A
Hera Spa

Marche Multiservizi acquires Macero Maceratese

2022-06-30 With the acquisition of 70% of this long-standing company based in the Marche region, the Hera Group subsidiary expects a 10% increase in turnover and a 5% rise in Ebitda, when in full force. With this additional transaction, which follows up on others carried out in previous years, the Hera Group has strengthened its national leadership in the waste management sector, regarding in particular industrial waste management and treatment. The Hera Group, acting through its subsidiary Marche Multiservizi, the leading operator in public utilities in the Marche region, has acquired from the Iesari family 70% of Macero Maceratese, a long-standing company in this area, operating since 1969 in the waste management sector, whose customers are mainly located in the province of Macerata and to a lesser degree in the remaining provinces of the Marche region, as well as in the neighbouring regions of Abruzzo and Umbria. With this additional transaction, the Hera Group has strengthened its national leadership in the waste management sector, thus making its state-of-the-art set of plants, as well as an all-round service for special waste, available to local companies who were previously customers of Macero Maceratese. By operating on the free market and creating significant synergies both with the other companies of the Hera Group active in waste treatment and with its own industrial poles already operating in the province of Pesaro and Urbino, Marche Multiservizi expects, when in full force, a 10% increase in turnover and a 5% increase in Ebitda, with an overall benefit for all stakeholders in the area served. This acquisition, which follows up on the transactions carried out in recent years by the Hera Group (including Waste Recycling, Teseco and Pistoia Ambiente in Tuscany, as well as Geo Nova and Aliplast in Treviso, Recycla in Friuli, the Vallortigara Group in Vicenza and a 31% stake in SEA in the Marche region), represents a new step along Hera’s path of continuous growth, which aims to provide companies with efficient, cutting-edge and competitive solutions in terms of costs and sustainability in the circular economy. History and activities of Macero Maceratese Widely recognised and consolidated in central Italy, for over 50 years Macero Maceratese has been dealing with services related to managing the waste produced by local industries, including SMEs and large-scale retail trade, and activities related to managing municipal waste, partially destined for energy recovery and landfills, and partially for treatment and recovery. With 30 employees working at three sites in Macerata, Piediripa di Macerata and Martinsicuro (Teramo province), in the last three years Macero Maceratese has handled an annual average of 58 thousand tonnes of waste. The main plant in Piediripa di Macerata is home of two large-capacity pressing plants, a shredding plant and a waste sorting plant, which boast ISO 9001, ISO 14001 and OHSAS 18001 certification, modern equipment and qualified personnel. “With this acquisition, we are continuing our significant strategic growth in the industrial waste sector and further strengthening our leadership in the waste management sector. The entry of this Macerata-based company into our Group and the synergies between these new platforms and our current set of plants will increase the number of our close-at-hand solutions in the areas served, improving the efficiency and quality of services to local businesses with positive returns on the areas served and economic benefits for customers”, comments Tomaso Tommasi di Vignano, Executive Chairman of the Hera Group. “With the authorisations and facilities of this historic company based in Macerata, and above all thanks to its know-how and expertise, Marche Multiservizi will be able to provide local businesses in the provinces of Macerata, Ascoli, Fermo and Pesaro and Urbino with a complete service, in particular concerning collection, transport and disposal of hazardous and non-hazardous special waste, confirming the strong roots of our multi-utility in this area”, adds Mauro Tiviroli, CEO of Marche Multiservizi. 20220630 Marche Multiservizi acquisisce Macero Maceratese_eng.pdf 10:52:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg
Online dal 29/06/2022 alle ore 10:52
Press releases
15/06/2022
Hera Spa
Other press releases

Hera Group once again ranks first in the 2022 Integrated Governance Index

2022-06-15 For the second year in a row, the Group leads the overall ranking in the index measuring the degree to which ESG factors are integrated within corporate governance. Hera is the foremost company in Italy for the importance of sustainability policies, fully and consciously incorporated within its business strategies. This is demonstrated, for the second consecutive year, by the Integrated Governance Index, the main quantitative index to measure the integration of ESG factors in corporate governance, managed by ETicaNews and presented today in Milan at the ESG Business Conference. “We are very pleased with this recognition”, remarks the Hera Group’s Executive Chairman, Tomaso Tommasi di Vignano, “since it rewards the attention we have always paid to governance, which has been the key to face successfully the challenges in all these years. This has not only led us to increase by six times the Group’s capitalisation, but also to undergo processes of profound changes and transformation, always guaranteeing strategic consistency and ever-growing results to the benefit of all our stakeholders.” Sustainability at the heart of Hera’s strategies Ever since its foundation, sustainability has been at the core of Hera’s strategy. This award is therefore fully in line with the cultural transformation that began 20 years ago and has concerned all aspects of the Group. ESG factors are indeed fully integrated within the company’s activities and represent a strategic asset in all respects. The Group’s attention to sustainability is also proven by the recent transformation of subsidiary Hera Luce into a Benefit Corporation. This decision represents a further step towards sustainable development, following last year’s introduction of the concept of corporate purpose into the Group’s Articles of Association. The central role played by creating shared value also becomes clear in the Group’s 2021 Sustainability Report, which for the first time reports on activities consistent with the European Union taxonomy, ahead of the regulatory obligation that will only come into force in 2023. Lastly, as far as sustainable finance is concerned and in line with the growing interest shown by investors in ESG factors, Hera – the first company in Italy to issue a “green” bond in 2014 – recently successfully launched its third green bond, offering the market the possibility to invest in the Group’s activities that comply with the criteria in the European Taxonomy. The Group has also published a new Green Financing Framework (GFF), certified by an independent company and already aligned with the Taxonomy. 20220615 PR IGI 2022 HERA Group.pdf 14:12:00 Logo IGI 2022 - vert.jpg See the press release Logo IGI 2022 - vert.jpg
Online dal 15/06/2022 alle ore 14:12
Press releases
08/06/2022
Hera Spa
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Hera Luce becomes a benefit corporation

2022-06-08 The Hera Group subsidiary is among the first public lighting companies in Italy to include in its articles of association a commitment to produce benefits for its stakeholders, demonstrating Hera’s focus on sustainable development and creating value for the local areas and communities served At a time when the climate emergency and social demands are current issues, the Hera Group has further strengthened its twenty-year commitment to sustainable development and creating value for the local areas and communities it serves. It has done so by transforming Group subsidiary Hera Luce, one of the nation’s foremost operators in the public lighting sector and a leader in sustainable city lighting services with energy efficiency and circular economy solutions, into a Benefit Corporation. This is not, however, a true revolution for the Bologna-based company, but rather a further step along the path taken by the Hera Group last year, when it introduced the concept of “corporate purpose” into its Articles of Association. One of the first companies in Italy to do so, Hera thus made explicit the objectives it aims to achieve in carrying out its business activities and reaffirmed the focus on sustainability that has characterised it since its establishment. Hera Luce’s Shareholders Meeting approved the transformation of this company into a Benefit Corporation (pursuant to and in accordance with Law no. 208 of 28 December 2015) by amending article 3 of its Articles of Association, which now includes the aim of “operating responsibly, sustainably and transparently towards people, communities, local areas and the environment as well as cultural, social resources and activities, authorities, associations and other stakeholders”. Hera Luce made this choice on a voluntary basis, one of the first in Italy in the public lighting sector to take this initiative: thanks to this change in its articles of association, transparency and benefits for stakeholders have definitively become part of its corporate DNA. Three specific purposes are involved in the shared benefit that Hera Luce intends to pursue: contributing to the prosperity of the local communities in which the company operates, by designing and implementing sustainable, resilient and innovative models for urban development, to approach interventions on cities (Hera Luce for smart circular city/land); pursuing carbon neutrality, by acting through interventions aimed at energy efficiency and the energy transition towards renewable sources; leading the transition towards a circular economy model through means including measuring circularity from a lifecycle perspective. These are specific goals related to environmental issues, energy efficiency and transition as well as the circular economy. This Hera Group subsidiary aims to achieve them by ensuring the best working conditions for its own employees and those of its suppliers, and by promoting public-private collaboration in a multi-stakeholder approach. By becoming a Benefit Corporation, in compliance with current legislation, Hera Luce will be required to draw up an annual report on its pursuit of shared benefits, to be attached to the company’s financial statements, which will be published on Hera Luce’s website. “At Hera, we are aware that we have a great responsibility towards the local areas in which we operate”, states Tomaso Tommasi di Vignano, Executive Chairman of the Hera Group. “In our twenty years of activity, the Hera Group has placed the sustainable development of its businesses and the communities it serves at the centre of its strategy, always putting the generation of value at the heart of its relationship with all stakeholders served by the company, first and foremost its own employees, and extending it to institutions, local communities, shareholders, customers and suppliers. The transformation of our subsidiary Hera Luce into a Benefit Corporation reinforces our Group’s commitment to balanced and sustainable development through concrete and innovative projects for the energy transition, circular economy and technological evolution.” “This is a very important goal, that comes on top of the certification of the Material Circularity Report we obtained at the beginning of this year”, explains Alessandro Battistini, General Manager of Hera Luce. “Becoming a Benefit Corporation represents a commitment and a responsibility of which we are deeply aware. For Hera Luce, projects have always been characterised by their value in social and environmental terms, as well as their transparency. This choice represents a further step towards concretely achieving the model of corporate sustainability required by the market.” Legally introduced in Italy in 2016, Benefit Corporations represent an evolution of the concept of a company, with a view to sustainability and common benefit. They are, in fact, companies that decide to integrate within their corporate purpose, in addition to the objectives of profit and profit sharing, the aim of having a positive impact on society and the biosphere. 20220608_Hera Luce becomes benefit corporation FINAL.pdf 11:26:00 Economia circolare 2.jpg See the press release Economia circolare 2.jpg
Online dal 08/06/2022 alle ore 11:26

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Group Director of Communication And External Relations

Giuseppe Gagliano

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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