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Sustainability Report

TESTATA Sustainability report

Sustainability Report

With the 2022 sustainability report Hera aims at offering our readers a report articulated in different formats, so that each of them can choose the level of detail on the results achieved and the future objectives.

The 2022 Hera Group sustainability report:

  • reports on the three areas of shared value creation: carbon neutrality, resource regeneration, innovation and resilience;
  • contains a focus on EBITDA and shared value investments;
  • reports objectives and results considering the Recommendations of the Task Force on Climate-related Financial Disclosures (TCFD);
  • proposes a way of reading the results achieved in the direction of the “Just transition”;
  • continues the reporting of the digital transformation initiatives according to the Corporate digital responsibility framework;
  • reports on Taxonomy (environmentally sustainable economic activities according to EU Regulation 2020/852);
  • contains the Green Bond Report on the Green Bond 2022-2029 issued to finance Euro 500 million of investments aligned with the EU Taxonomy.

The sustainability report was approved by the Board of Directors of Hera Spa on 21 March 2023 and represents the Consolidated non-financial reporting of the Hera Group according to Art. 3 and 4 of Italian Legislative Decree No. 254/2016.

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Key topics


Contents of the sustainability report are identified through a process of analysis and identification of material topics for the Group and its stakeholders (materiality analysis). An analysis of internal and external sources makes it possible to identify and analyse the impacts generated or suffered by the Group, which are useful for placing material topics in order of priority.

The most significant topics that emerged from the materiality analysis, listed in order of relevance, are:

  • Climate change mitigation
  • Circular economy
  • Safety, cost and continuity of services
  • Innovation and digital transformation
  • Quality and costs of waste collection and city cleanliness
  • Resilience and adaptation
  • Supply Chain Management
  • Customer relations
  • Energy efficiency and renewables
  • Air protection
  • Occupational health and safety
  • Local development and social inclusion
  • Diversity
  • Training and professional development, remuneration and incentives
  • Anti-corruption activities
  • Quality and consumption of network water
  • Sustainable management of water resources

For more details, see the Methodological guide to the Sustainability Report

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Page updated 5 April 2023

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