Sustainability and creating shared value are the fundamental traits of our company and define its purpose, which strongly reaffirms our commitment to the energy transition, circular economy and social equity and contribute to achieving carbon neutrality, the regeneration of resources and the resilience of the services system managed.
The mission also highlights the Group's strong focus on sustainability. In fact, Hera wants to develop a business model capable of innovation with strong local roots, while respecting the environment, and this approach is a vital part of the company's strategies: by 2027, 64% of EBITDA will be based on “shared value”, that is, involving projects that meet the objectives of the UN’s Agenda, with investments for shared value projects corresponding to roughly 70% of overall 2023-2023 investments (over 3 bn€).
In line with the declaration of the corporate mission, for 18 years now, the Group has submitted to its BoD the Annual Financial Statements together with the Sustainability Report, so that the assessment of the industrial plans execution and the results achieved is carried out based on a complete and exhaustive set with information on Economic, Social and Environmental performance.
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Hera brings its own strategy into line with universal principles concerning human rights, the environment and the fight against corruption.
Its approach to sustainability management has been refined over the years, and we are now able to commit ourselves to pursuing most of the Global Goals identified by the United Nations. No less than 11 of the 17 SDGs (“Sustainable Development Goals”) are given priority by the Group. SDGs are also included in its medium-long term strategy and in its mechanisms for variable short- and long-term remuneration for both top management and Group employees.
Shared value creation, with regards to EBITDA, represents the portion of industrial profits linked to activities and projects that move towards sustainability and meet the needs for change indicated by the “Global Agenda”.
In 2023, 52% of EBITDA came from shared value activities that respond to the calls to action on the Global Agenda. indeed, the Group plays a vital role in creating value, through activities linked to a circular economy, energy transition and a sustainable management of water resources.
The plan to 2027 sets in place projects aimed at growth in all activities managed, which move towards «SDGs» («Sustainable Development Goals») bringing shared value Ebitda to reach 1,049 million euro in 2027 (equivalent to 64% of overall Ebitda). To reach this objective, an investment plan has been approved for 2023-2027 coming to 4.4 billion euro, 70% of which is dedicated to investment projects that contribute to increasing the generation of results in line with the SDGs.
The Group makes concrete efforts towards sharing its know-how as well, by taking part in various national and international organisations, including the UN Global Compact and the CE100 program of Ellen MacArthur Foundation’s of which the company is a member.
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