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  • Safety deposit (Water Glossary)

    This is a sum of money that the user pays to the provider by way of guarantee and which must be returned at the end of the contract in compliance with applicable contractual conditions.

  • Saving shares (Investor Relations Glossary)

    There are shares that do not have voting rights but have certain equity rights.
    The incorporation deed of the company determines the contents of the privilege, the conditions, the limits, the procedures and the terms for its exercise.
    The total nominal value of the saving shares, together with those shares with limited voting rights, can not be greater than half of the share capital. If this is not the case this must be restored within two years through the emission of ordinary shares. ,

  • Self-reading (Water Glossary)

    This is the number that appears on the meter on a certain date that is read by the consumer, who notifies the provider so that it can be used for invoicing.

  • Separate waste collection (Environment Glossary)

    Collection that groups municipal waste by homogeneous materials in order to recycle them or send them to controlled disposal. Every municipality establishes the conditions and homogeneity of the materials.

  • Service Charter (Water Glossary)

    This is the document, required by law, through which the provider is committed to complying with certain levels of quality of service with regard to its consumers.The levels of quality usually involve the maximum times for performing the main services requested by the consumer and, in some cases, compensation may be due if they are violated. The Service Charter should be available on the website and through at least one other means (for example, at the provider branch offices).

  • Settlement market (Energy glossary)

    The marketplace where operators can modify their commitments to purchase and/or sell electricity, and therefore their commitments to withdraw from and/or input to the grid with respect to the commitments agreed on the day ahead market.

  • Sewage sludge (Environment Glossary)

    Fouled liquids originating from the break-up of organic and inorganic substances.

  • Sewerage (Water Glossary)

    The sewerage service collects the surface water and the waste water coming from human activities and directs them to the sewerage network, as far as the treatment plant.The consumer pays for this service at a variable rate (euro/m³) proportional to the cubic metres of water consumed. For example, if 50 m³ of drinking water is consumed, the sewerage service rate is calculated on a quantity of 50 m³.

  • Share premium reserve (Investor Relations Glossary)

    Capital reserve constituted from the sums received by the company for the issue of shares at a price above their nominal value. They may not be distributed until the legal reserve has reached the level of one fifth of the share capital. It is one of the accounts that constitutes the shareholders equity of a company.

  • Shareholders equity (Investor Relations Glossary)

    Difference between the total assets and the total liabilities of the balance sheet.
    Represents own capital (so-called risk capital) of the shareholders. Also defined as own funds.
    Includes the following accounts in the balance sheet:

    1. Share capital
    2. Share premium reserve
    3. Revaluation reserve
    4. Legal reserve
    5. Statutory reserve
    6. Other reserves, indicated separately
    7. Retained earnings (accumulated losses)
    8. Net profit (loss) for the year

    On the incorporation of a company the net capital coincides with the share capital of the company.

  • Shareholders' Meeting (Investor Relations Glossary)

    The shareholders’ meeting is the body that passes resolutions for joint-stock companies. The shareholders’ meeting has such important tasks as approving the financial statements and the appointment of the board of directors. Basically the shareholders’ meeting represents ownership claims, i.e. the company’s.

  • Significant persons (Investor Relations Glossary)

    They are persons that connected to the company can operate on the shares of the company, having a detailed knowledge of their future conditions. These persons are identified as the directors, statutory auditors, general directors and senior management.

  • Sole Purchaser (Energy glossary)

    Joint-stock company established by the National Transmission Grid Operator (GRTN) with the objective of ensuring availability of electricity to all its restricted customers on non-discriminatory terms. The Sole Purchaser furthermore allows the application of a single national tariff to all customers.

  • Special Assimilated Waste (Environment Glossary)

    Waste coming from handicrafts, industrial and commercial businesses that do not fall into the hazardous waste category and are assimilated with municipal waste, as specified by the Municipal Regulations of waste management.

  • Standing charge (Water Glossary)

    This is a rate paid irrespective of consumption and covers part of the fixed costs incurred by the provider for supplying the service.It is charged on the bill proportionally to the period invoiced.

  • Statutory Reserves (Investor Relations Glossary)

    Reserve that can be included in the by-laws of the company. This reserve is constituted deducting from the annual net profits a sum corresponding to the percentage contained in the by-laws. It is one of the accounts that constitute the shareholders equity of a company.

  • Statutory Reserves (Investor Relations Glossary)

    Reserve that can be included in the by-laws of the company. This reserve is constituted deducting from the annual net profits a sum corresponding to the percentage contained in the by-laws. It is one of the accounts that constitute the shareholders equity of a company.

  • Storage (Energy glossary)

    Reserve of natural gas that meets the need to adjust supply to the changing demand, which usually is greater during the winter due to greater use of heating systems. This activity therefore serves that of storage.

  • Storage (Environment Glossary)

    The temporary storing of waste carried out with precautions established by law.

  • Structural Margin (Investor Relations Glossary)

    Determined from the difference between net equity, net of the quota of profits distributed to the shareholders, and the net fixed assets.
    Indicator that expresses the conditions of long-term structural financial equilibrium of the company.
    Permits an evaluation of the size of the net equity in relation to the investments, the expansion potential of the company and the adequacy of the net equity in relation to the size of the company.

  • Sustainability report (Environment Glossary)

    Instrument which accounts for the impacts of corporate activities on three dimensions of sustainability: Economic, social and environmental.

  • Sustainability report (Energy glossary)

    The sustainability report is a document containing the policies followed by a company in three key areas: economy, company and the environment. The purpose of this document is to involve the public, made up of clients, users, shareholders etc., in the company's policies with regard to projects involving economy, social policies and the environment.

Together to build the future
Together to build the future
Together we can make the difference!
Insieme per fare la differenza!
Sustainability and Shared value