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21/03/2023
Sustainability Report 2022 approved

The Board of Directors of Hera Spa today approved the Sustainability Report 2022.

The Board of Directors of Hera Spa today approved the Sustainability Report 2022.
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 represents the Consolidated non-financial reporting of the Hera Group according to Art. 3 and 4 of Italian Legislative Decree No. 254/2016 and will be available online from April 5, 2023.

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01/02/2022

We won 2022 sustainability gold medal from S&P Global

For the second time in a row, we have been awarded the S&P Global Gold Class Sustainability Award. This is the highest recognition reserved for listed companies included in the Dow Jones Sustainability Index We are once again a global gold medal winner for sustainability, for the second consecutive year. The S&P Global 2022 Gold Class award was announced together with the publication of the 2022 Sustainability Yearbook, the report containing the analyses carried in order to be included in the latest edition of the Dow Jones Sustainability Index (DJSI). This document highlights the results achieved, which make us leader in all three aspects evaluated in Environment, Economic & Governance and Social, for our ability to efficiently manage resources, seize market opportunities and ensure stakeholder involvement. In the Dow Jones Sustainability Index (DJSI), the authoritative international stock exchange index which evaluates listed companies based on ESG aspects, we were confirmed as the international leader in the Multi-Utilities & Water sector, reaching a score of 90/100, compared to an average of 39/100. Gold Class 2022 Gold Class 2022 For further information /-/hera-wins-2022-sustainability-gold-medal-from-s-p-global Press release /group_eng/investors Visit Investors web area /group_eng/sustainability/social-responsibility Visit Social Responsibility web area Gold Class 2022 Gold Class 2022 2019-05-27
27/01/2022

Hera Group approves Business Plan to 2025

The new five-year strategic document builds on the Group’s path of growth, with investments coming to over 3.8 billion and concrete energy transition and circular economy projects A Plan that combines growth, value creation and sustainable development Today, the Hera Group’s Board of Directors approved the Business Plan to 2025, which consolidates the Group’s commitment to balanced and sustainable development in all business areas, with the aim of continuing to create value for shareholders, local areas and the communities served. With Ebitda expected to reach 1.4 billion in 2025 and investments totalling approximately 3.8 billion over the period covered by the Plan, this five-year strategic document shows increases in all main targets and outlines a wide range of actions for the energy transition, the circular economy and technological evolution, with concrete and innovative projects that will also benefit from funding opportunities coming from the Recovery and Resilience Plan. 20 years of uninterrupted growth, and 2021 Ebitda expected to total over 1.2 billion euro The new Plan is based on a trend of uninterrupted growth, as is proven by Group Ebitda, which has increased more than sixfold in 20 years. This consistent and linear path has been seen since the establishment of the Hera Group, which is characterised by a full correspondence between the commitments made and the initiatives implemented, capital and financial solidity and a multi-business strategy that balances regulated and free market activities, internal growth and M&A transactions. This model, which has proved its resilience and capability of supporting stakeholders, even during adverse scenarios, has enabled the Hera Group to consolidate leading positions in all business areas. Three focal points of the Business Plan to 2025: environment, socio-economic factors and innovation In a context undergoing recovery, with an increasing emphasis on sustainability and the utilities sector set to benefit from the most significant share of the Recovery and Resilience Plan, the Hera Group will be able to continue to leverage the competitive position it has cultivated over the years and thus grow. In full compliance with national and European policies and the objectives on the UN’s 2030 Agenda, which have been guiding Hera’s strategies for some time, all projects in the Business Plan to 2025 are structured around three focal points: the environment, socio-economic factors and innovation, with initiatives for the green and digital transition, capable of generating positive effects in the areas served. A strong increase in investments, coming to over 3.8 billion euro, thanks to the Group’s financial solidity The Plan to 2025 calls for a sharp increase in investments, amounting to more than 3.8 billion euro, or approximately 770 million per year. This is a very significant rise – equivalent to 60% – compared to the average seen over the last five years, and is possible thanks to its solid financial structure, reinforced over the years and in 2021 as well. Investment allocation combines internal development opportunities with actions to increase system resilience (accounting for roughly 1.2 billion). Significant investments for innovation will be made in all business areas and support will be given to the ongoing transition. In general, of the total investments envisaged in the Plan, more than 1.7 billion are aligned with the criteria with which the European Taxonomy identifies opportunities that contribute to environmental policy objectives, in particular the two areas regulated for now, relating to mitigation of and adaptation to climate change. Furthermore, many of these interventions respect the directions indicated by the Recovery and Resilience Plan. Business Plan to 2025 Business Plan to 2025 For further information /-/hera-group-approves-business-plan-to-2025 Press release /group_eng/investors Visit Investors web area /group_eng/investor-relations/hera-overview Hera Overview Business Plan to 2025 Business Plan to 2025 2019-05-27
26/01/2022

We're in the 2022 Bloomberg Gender-Equality Index

This year, for the third year in a row, we have been included in the international index assessing gender equality, diversity and inclusion In 2022, we have been included, for the third consecutive time, in the Bloomberg Gender-Equality Index, confirming and improving its results in all areas analysed. We stand out most importantly for our transparency in disclosure on these issues, as well as our inclusive corporate culture and our attention towards women in many areas, including equal pay. We obtained an overall score slightly above 80%, a significant increase over the previous year and better than both the sector average and the Italian companies analysed. This year, the index included 418 listed companies from 45 countries, selected from over 11,700, reflecting the international financial community’s growing interest towards companies with outstanding diversity policies. Our presence in the 2022 Bloomberg Gender-Equality Index confirms the attention we have always reserved for these issues, following a path it has enhanced over time. Diversity policies are in fact an integral part of our business strategies. For over 10 years, a company Diversity Manager, accompanied by a team of female and male colleagues from different areas, has been committed to promoting diversity both inside and outside the Group, supporting initiatives intended to raise awareness and support, and developing projects geared towards these priorities. Promoting diversity, inclusion and people development is also central to human resource management. Professional growth takes place regardless of gender, and equal access is ensured by meritocratic systems that are guaranteed to be applied, with compensation and benefits tools linked to performance, role complexity and market comparisons. We count 32.6% of women in roles of responsibility and, more generally, a 26.7% share of female staff, higher than the national average for the sector (2020 data). Bloomberg Gender-Equality Index 2022 Bloomberg Gender-Equality Index 2022 For further information /-/hera-group-in-the-2022-bloomberg-gender-equality-index Press release /group_eng/investor-relations/hera-overview/creation-of-shared-value Diversity and inclusion in Hera Group https://www.bloomberg.com/company/press/bloomberg-2022-gei/ Bloomberg Gender-Equality Index Bloomberg Gender-Equality Index 2022 Bloomberg Gender-Equality Index 2022 2019-05-27
20/01/2022

Top Employer for the 13th time

Once again among Italy’s highest ranked employers, this year second place overall among companies nationwide for outstanding human resource management. Training, welfare and digitalisation among our strong points. The start of a new year is always an occasion to look back in time, but even more so to look forward, taking a look at results and focusing on new objectives. 2022 marks the twentieth anniversary of our establishment. This is why receiving Top Employer certification for the 13th consecutive year, a sign of excellence in human resource management, is even more significant. After gaining recognition as the best company in 2020 and 2021, we have found our place on the podium this year as well, ranking second overall in Italy among the 1,600 companies analysed by the Dutch Top Employer Institute. How? Over the years, we have provided ourselves with the best technologies, projects and initiatives to invest in the skills and well-being of workers and select the most interesting talent on the market. One aspect which is increasingly crucial on the workplace as well, especially considering the changes in external contexts, is the care given to relations, which must be seen as real capital. We have decided to invest in this area, through means including training and corporate culture. HerAcademy, our corporate university, plays a leading role in this field, and at the end of last year it organised a conference entitled “The evolution of social and relational dynamics for the ‘rebirth’ of work”, an event which called on leading figures from the world of business, academics and professionals. The goal was to compare experiences and practices, demonstrating that only by being part of a solid and motivated team is it possible to meet the challenges awaiting us outside and inside organisations. Moreover, we have always stood out for its organisational methods, promoting agility in work, safety and the value given to the uniqueness of people, all within a context highly exposed to change. Alongside the increasing importance of training and welfare, along with a corporate culture dedicated to the inclusion of diversity, we have proven able to meet the challenge of digitalising services and therefore professional activities. Within this process, which is now in full swing and covers all company activities, even the most operational, employees have been accompanied but above all listened to, trying to understand and share their needs. Top Employer Italy 2022 Top Employer Italy 2022 For further information /-/hera-top-employer-for-the-13th-time Press release /group_eng/working-at-hera-group Visit "Working at Hera Group" area /group_eng/working-at-hera-group/heracademy Visit "HerAcademy" area Top Employer Italy 2022 Top Employer Italy 2022 2019-05-27

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