Our approach to 'Creating Shared Value' also includes a practical measurement system: the measurement of the "shared value" Ebitda - Gross Operating Margin - generated during the year by our Group's activities in response to the Global Agenda priorities.
Starting from 2019, the measurement of the "shared value" Ebitda is also verified by the same independent auditors that verify the Sustainability Report. The calculation methodology includes specific criteria that analyse the businesses we operate, consistently with the drivers we have identified, and the impact areas to create shared value. For more information on the methodology see the Shared Value Report.
Shared-value Ebitda for 2022 came to 670.3 million euro (51.8% of the Group’s total Ebitda), up 17% compared to 2021. This result respects the path set out by the Business plan, designed for CSV Ebitda to reach 62% in 2026 and 70% in 2030.
How we respond to the global scenario
The "shared-value" Ebitda generated in 2022 comes mainly from activities and projects that respond to the "call to action" of the "Global agenda" for the environment driver (around 59% of total "shared-value" Ebitda), where the important role of creating value through activities relating to the sustainable management of water resources, the transition towards a circular economy emerges. Approximately 31% of "shared value" Ebitda, on the other hand, is generated through activities in areas that aim to "pursue carbon neutrality", such as energy transition and renewables and the promotion of energy efficiency. Finally, the Hera Group generates about 10% of its shared value" Ebitda in areas that aim to "enable resilience and innovating” through innovation and digitalization and its contribution to economic development and social inclusion that is environmentally and stakeholder friendly.
Page update 15 June 2023
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