Press releases

2025-01-08 Strong interest shown by international investors for the fourth “green” bond, maturing in 6.5 years, that will fund the Group’s strategic capex plan focused on sustainable and resilient management of the integrated water cycle, in the circular economy for regenerating resources and in the energy transition for developing renewables and energy efficiency. Subscriptions amounting to 5.5 times the amount offered were received. centrata The Hera Group has started the year with a new milestone in sustainable finance. The first Italian company to issue a green bond in 2014, today Hera successfully launched its fourth green bond, covered by its “Euro Medium Term Note Programme” (EMTN) bond issue plan, recently updated and increased in its maximum amount. This bond respects the Group’s Green Financing Framework (GFF), prepared on the basis of ICMA principles, aligned with the criteria of the European Taxonomy and certified by an independent firm. The issue attracted significant interest from international investors, receiving orders for approximately 2.75 billion euro, almost 5.5 times the amount offered. With this issue, Hera has once again given the market an opportunity to finance the Group’s strategic projects aimed at the green transition and aligned with the Taxonomy, once again confirming itself internationally as a reference company for sustainable finance. “We are more than satisfied with the result of the placement, far exceeding expectations, of this fourth green bond: it makes our financial structure even greener and further strengthens the capital structure, making it even more resilient, as well as the credit profile of the multi-utility, in line with our Business Plan, which also calls for 2.5 billion euro in investments aligned with the European taxonomy, 98% of those eligible,” states Orazio Iacono, CEO of the Hera Group. “More specifically, this new issue provides additional stimulus for activities that create shared value, reducing the carbon footprint and regenerating resources, guaranteeing resilience in the services managed and thus making our businesses ever more sustainable. These commitments are already defined by the Group’s Green Financing Framework and the Climate Transition Plan with a Net Zero by 2050 target. This new green bond therefore confirms our goal of creating long-term value for our shareholders and our role as a multi-utility supporting the green transition for citizens, institutions and businesses.” The characteristics of the Group’s fourth green bond and the areas financed The fourth green bond of Hera Group (rated Baa2 with a stable outlook by Moody’s and BBB+/A-2 with a stable outlook by Standard & Poor’s), amounts to a total of 500 million euro, repayable in 6.5 years with a 3.250 % coupon and a 3.396% yield. The settlement date of the new issue has been scheduled for 15 January 2025. This green bond consists of senior, non-convertible, unsecured notes, intended for circulation among qualified investors. The new green bond is also expected to be assigned a rating in line with Hera’s. The transaction saw significant participation coming from international investors (in particular, Great Britain, France and Germany), mainly green and sustainable, confirming the interest towards the Group coming from abroad. The bond is expected to be listed, as of the issue date, on the regulated market of Euronext Dublin and, at the same time or at a later date, on the regulated market of the Luxembourg Stock Exchange and on the ExtraMOT PRO multilateral trading system managed by Borsa Italiana. The funds raised will be used to finance or refinance numerous projects, already ongoing or included in the Group’s Business Plan, selected on the basis of the Green Financing Framework (GFF), which work towards one or more of the goals on the UN’s 2030 Agenda for Sustainable Development (SDGs), subdivided into 3 areas: integrated water cycle (aligned to SDGs 6, 13 and 14): construction and extension of infrastructures for water collection, treatment and supply, with projects for wastewater collection and treatment; circular economy, pollution prevention and control (meeting SDGs 11, 12 and 13): advanced projects in plastics regeneration, anaerobic digestion of organic waste for the production of compost and biomethane, and waste collection and transport systems; energy efficiency and infrastructures (consistent with SDGs 7, 11 and 13): production of renewable electricity through photovoltaics and geothermal energy, development of district heating networks, installation, maintenance and repair of energy efficiency equipment and renewable energy technologies, including electricity transmission and distribution grids. To ensure that the funds are correctly and transparently allocated, Hera has set up a monitoring and reporting process, which also ensures that the amount actually dedicated to each intervention, along with evidence of the environmental performance achieved, will be published in the Group’s 2024 Sustainability Report. The partners in the transaction Hera’s green bond issue was coordinated by BNP Paribas, Credit Agricole CIB, Mediobanca, UniCredit, BBVA, Intesa Sanpaolo, Banco Santander, Banca AKROS, Deutsche Bank, BPER Banca, Montepaschi di Siena, Barclays and Caixabank as Joint Bookrunners. The law firm Legance assisted Hera, while the firm Linklaters provided support to the Joint Bookrunners. Hera Group new 500 million euro green bond.pdf 18:15:00 sede_hera_110-2.jpg sede_hera_110-2.jpg

2024-12-16 centrata Hera S.p.A. (the “Company”) announces that on the date hereof the update of its Euro Medium Term Notes programme has been completed, with the increase from euro 4.5 billion to euro 5 billion of the maximum plafond in principal amount of notes that may be simultaneously outstanding thereunder (the “EMTN Programme”). The base Prospectus of the EMTN Programme has been approved by the Central Bank of Ireland pursuant to the Prospectus Regulation and is available on the Company’s website and on the website of Euronext Dublin. The update and the increase of the maximum plafond of the EMTN Programme will allow the Company to take advantage of any new market opportunities in line with its financial strategy.   Press release Update and increase of the EMTN Programme of Hera S.p.A..pdf 20:52:12 sede_hera_110-2.jpg Download Press Release sede_hera_110-2.jpg

Following Ascopiave’s decision to exercise its option to sell its 25% stake in EstEnergy, Hera Comm becomes the sole shareholder of the largest energy operator in the Northeastern Italy

In the “Listed and unlisted utilities and multi-utilities” category, the Hera Group was recognized for its high level of maturity and its awareness of the intrinsic value of the ESG reporting process

The Group included in both the Dow Jones Sustainability Europe Index and the Dow Jones Sustainability World Index is the world’s most sustainable multi and water utility. This comes as further recognition of the company’s approach to creating shared value for all stakeholders

The first nine months of the year closed with growth in the main financial indicators and in capital expenditures, in line with the first two quarters and the Business Plan targets. In particular, the increase in net profit attributable to Shareholders, coming to over 20%, confirms not only the Group’s solidity and the effectiveness of its multi-business industrial strategy, but above all its ability to combine internal growth with a positive return on invested capital and the creation of value for all stakeholders.

(drafted pursuant to article 85-bis, paragraph 4-bis, of Consob Regulation 11971 / 14 May 1999)

2024-10-23 cs panasonic.jpg The Japanese electronics leader consolidates its collaboration with the multi-utility to distribute the 4.0 gas meter NexMeter in the European market. Thanks to its advanced features in measurement and safety in case of dangerous leaks, proven performances in emission reduction and energy efficiency, the device plays an essential role in the decarbonization of consumption centers. centrata At ENLIT Europe 2024 (Milan, October 22-24), one of the most important fairs for energy transition focusing on innovations in smart grid technologies for decarbonization, Hera Group, one of Italy’s largest multi-utilities, and Panasonic Industry Europe, a subsidiary of the Japanese multinational, strengthen their collaboration by extending the commercial agreement for the distribution of the innovative NexMeter gas meter to the European gas distribution market, with potential future partnerships with global operators. The collaboration between Gruppo Hera and Panasonic dates back to 2019, when the multi-utility launched its 4.0 smart gas meter, equipped with advanced safety and leakage reduction functions, which later evolved in terms of hardware and software. Conceived by an industrial group with a strong focus on sustainability, NexMeter is mainly built with recyclable components. Since 2021, Hera has also introduced recycled plastic components and obtained the “compatibility” label for green gas mixtures such as hydrogen and biomethane. NexMeter is now a consolidated device. The Hera Group’s development plan has led to the installation of about 300,000 meters mainly in Friuli-Venezia Giulia and Emilia-Romagna, areas classified as of high seismic risk. Thanks to its advanced features and shut off valve, the meter can detect gas leaks in the users’ homes, stop the supply in case of dangerous leaks, and alert emergency centers autonomously. To date, 70 alert cases have been recorded, 18 of which avoided serious incidents. Additionally, NexMeter’s extreme sensitivity allows the detection of even small, often hidden leaks, effectively contributing to the reduction of methane emissions into the atmosphere in homes and companies. Initially developed to meet the needs of areas affected by the 2012 Modena and Ferrara earthquake, over time NexMeter has become a safety tool for people and the environment, with significant benefits in emission reduction and consumption efficiency. For the Hera Group, the NexMeter is a strategic lever for reducing Scope 3 emissions as outlined in its Climate Transition Plan with a net zero target by 2050. This document, in line with the scientific community guidelines, quantifies the Group’s current and future emission impacts and illustrates both the contribution of external scenario evolution and the internal decarbonization levers the company will implement with an active stakeholder involvement. One of the most innovative aspects of Hera Group’s net zero plan is the aim to reduce emissions not only within its activities but also along the entire value chain, investing in solutions that promote energy efficiency and electrification at consumption centers. Thanks to the technology adopted for NexMeter, which offers exceptional performance and advanced features, the Hera Group has been a pioneer in smart gas metering. For Panasonic, with over 35 years of market experience, NexMeter represents a significant reference in the European smart gas metering market and fully meets its sustainability goals: among other initiatives by the Japanese group, this project is aimed at creating innovative and green technologies for people’s well-being. This collaboration leverages Panasonic’s experience in the Japanese market, where most meters are equipped with safety functions, particularly through a unique safety logic using pressure, seismic data, and an innovative Ultrasonic Measurement Unit customized for the Italian and European markets. With over 20 million Ultrasonic Measurement Units installed globally, NexMeter is compatible with sustainable energy sources, including hydrogen (up to 23% in the current version and 100% in the next generation) and biogas, and it is also effective for calorific value measurement. “The Italian gas system is undergoing a significant transition and change. An evolutionary path where industrialization and technological advancement go hand in hand with the sector’s focus on sustainability, decarbonization, and energy security. To accelerate this process, teamwork among the main sector companies is essential, sharing skills and knowledge. In this context, Hera Group’s contribution is expressed through extensive research and technological evolution with the development of digital tools like NexMeter. The advanced meter we launched and positively tested on the market for 5 years has achieved positive results in home safety in seismic areas and gas leak detection, playing an important role in reducing methane emissions into the atmosphere. Therefore, it represents one of the industrial evolution tracks that the Hera Group brings as a contribution to the energy transition of the gas distribution sector. Besides, it fully fits within the levers for reducing Scope 3 emissions outlined in the Climate Transition Plan with a net zero target by 2050 defined by the Group. The international extension of the partnership with a market leader like Panasonic Industry reaffirms not only the qualities of NexMeter but also our role as pioneers and early adopters in metering. We hope that this meter can support other countries operators in their transition journey and lead to a reconsideration in terms of remuneration by the Italian regulatory authority,” said Alessandro Baroncini, Central Network Director of Gruppo Hera. Winfried Neumayer, Senior Director of Panasonic Industry Europe, added: “Our participation in this collaboration marks a significant step towards expanding our business in Europe. Extending the commercial agreement with Gruppo Hera to promote the revolutionary NexMeter in the European gas distribution market represents an extraordinary opportunity for Panasonic to establish new partnerships with global gas operators. Our collaboration with Gruppo Hera underscores Panasonic’s commitment to innovation, safety, and sustainability. NexMeter is the ideal solution for European gas distributors to achieve their environmental sustainability goals. Collaborating with Gruppo Hera, Panasonic brings extensive knowledge and experience. While Panasonic specializes in providing advanced components, Gruppo Hera’s extensive expertise in gas distribution makes them an ideal partner for this venture. This union is destined to improve gas distribution by combining Japanese precision with European industry experience.” A technology that also looks confidently at hydrogen blending NexMeter is also “hydrogen ready,” being the only meter field-tested with a methane and hydrogen blend in the gas distribution network of the Italian Castelfranco Emilia (Mo) town. After the second injection test, the multi-utility started a working group involving the Ministry of Environment and Energy Security and the Fire Brigade to test a blend with higher hydrogen percentages. The NexMeter Core Project Thanks to the success of NexMeter’s features over the past 5 years, the multi-utility has decided to replace all its meters with new device evolutions and a subsequent generation of NexMeter starting in 2029. The next meters produced will also be recognizable as “NexMeter Core” thanks to an identifying logo that will be affixed to mark the project’s evolutionary consolidation, both in terms of gas composition measurement, including blending, and its energy value, aiming for greater efficiency and consumption reduction.   20241023_cs Panasonic and Hera Group for international distribution of NexMeter_EN.pdf 11:25:00 sede_hera_110-2.jpg Read the Press Release sede_hera_110-2.jpg

2024-10-23 Saipem's Bluenzyme technology is expected to be applied to capture CO₂ emissions at the waste-to-energy plant of the subsidiary Herambiente in Ferrara. It will be the first industrial-scale example of CCS applied to a plant of this type in Italy. The project is one of the main decarbonization levers in the multi-utility's Climate Transition Plan to reduce internal emissions centrata Capturing carbon dioxide emitted from the waste-to-energy plant’s chimneys and storing it in depleted natural gas fields, thereby significantly reducing plant emissions while contributing to the decarbonization of local areas. This is the goal of the pioneering project for the Ferrara plant - proposed by Hera Group, as the lead partner, in collaboration with Saipem - that has been selected to receive funding under the fourth call for mid-scale projects from the EU Innovation Fund. Once the allocation is finalized, the funding for the CO₂ emission capture project will amount to nearly €24 million. This industrial CO₂ capture project is the first of its kind in Italy designed for waste-to-energy plants and among the first in Europe. It involves the application of Bluenzyme™️, Saipem's proprietary and modular solution based on “CO₂ Solutions”, an innovative enzymatic technology for capturing carbon dioxide in industrial processes of small and medium emitters. The initiative was selected by European authorities for its high level of innovation, and its potential replicability in other waste-to-energy plants and other hard-to-abate industrial sectors in Italy, and more generally across Europe. The European Funds will cover a significant portion of the €53 million planned for the construction of the CO₂ capture plant. Depending on opportunities arising from changes in the regulatory framework, the plant is expected to be operational by 2028. The project will fully abate CO₂ emissions from the Ferrara waste-to-energy plant CO₂ capture is a crucial decarbonization tool for waste-to-energy plants, and for now, the Herambiente plant in Ferrara has been identified as the most suitable. The project will enable, in fact, the capture of approximately 90% of the emissions from one of the plant's two lines, amounting to 64 thousand tons of CO₂ per year (equivalent to the annual emissions of around 37 thousand cars), which represent the entirety of the CO₂ emitted, making the entire energy production from the waste-to-energy process sustainable. The remaining share of the CO₂ emitted by the plant is biogenic in nature and therefore environmentally neutral. The captured CO₂ will be transported via pipeline and stored in the depleted gas fields of the Adriatic. The new CO₂ capture plant will ensure high standards of safety and innovation, while maximizing energy efficiency. It will be entirely green, as it will exploit renewable energy, both generated from the waste-to-energy plant itself and from geothermal heat delivered through the multiutility’s district heating network. The enzymatic capture process, with a low environmental impact, can be powered by low-temperature heat, such as geothermal heat. Further CO₂ emissions will therefore be avoided. Hera Group's commitment to decarbonization and the Climate Transition Plan With this initiative, Hera Group, one of the main multiutilities in Italy, reaffirms its commitment to fostering and supporting the ecological transition of the areas it serves, leveraging its extensive plant network and the expertise developed in various sectors. The company confirms itself as a pioneer in pursuing carbon neutrality, a central theme in its strategy: this project represents, in fact, one of the main internal levers outlined in the Hera Group's Climate Transition Plan aimed at reducing emissions with the goal of achieving Net Zero by 2050. Out of the €4.4 billion in investments planned by Hera Group in its industrial plan for the period 2023-2027, more than 30% are dedicated to projects that support decarbonization. “We achieved the highest score in the European Innovation Fund call: this confirms the highly innovative nature of this initiative. This is a very significant achievement, which sees us as pioneers in Italy with this industrial-scale CO₂ capture solution, applied to waste-to-energy plants. As leaders in the environmental sector, we are paving the way for innovation in this field, leveraging investments and expertise. This is a safe technology and replicable in other plants in Italy and abroad, which combines circular economy activities aimed at material recovery with decarbonization processes. With this solution, in a crucial sector like waste treatment and energy generation, we extend the lifespan of plants while increasing their resilience. This technology is among the main internal levers for reducing Scope 1 emissions outlined in our Climate Transition Plan. We are the first multiutility sector player in Italy and among the first in Europe to declare the Net Zero target for 2050 across all three Scopes: while being deeply rooted in the areas we serve, we feel more than any other company the need to create value, fostering sustainable community development and increasing the resilience of our assets through the enabling power of new technologies” – declared Orazio Iacono, CEO of Hera Group. “The recognition from the EU Innovation Fund confirms the high level of innovation in Saipem’s Bluenzyme™️ technology for the decarbonization of small and medium emitters in hard-to-abate sectors with a unique project for Italy and in Europe that strengthens our company's role in supporting its clients in their journey towards carbon neutrality”, declared Alessandro Puliti, CEO of Saipem. PR Saipem Hera Group.pdf 07:38:00 sede_hera_110-2.jpg Read the Press Release sede_hera_110-2.jpg