For the sixth consecutive year, Hera has been included in the S&P Global Sustainability Yearbook, ranking in the “Top 1%” of the world’s best-performing companies in its sector,with outstanding results particularly in governance and social performance
According to Standard & Poor’s, we are the world’s leading company in the Multi & Water Utility sector and has once again earned a place in S&P Global’s Sustainability Yearbook. This achievement follows an in-depth assessment of our performance across environmental, social and governance (ESG) dimensions.
In particular, we ranked first globally in our reference sector with a score of 83 out of 100, compared with an industry average of 37 out of 100.
The multi-utility is recognised as an international best practice across several areas:
- Governance: Hera stands out for the transparency of its reporting, its careful and effective risk management – including cyber risk – and its exemplary approach to managing the supply chain in a sustainable way;
- Environmental performance: the Group achieved top results in efficient energy management within its internal processes and in safeguarding biodiversity in the areas where it operates. It also excelled in the reporting and management of risks and opportunities related to climate change;
- Social dimension: Hera obtained the highest global score for respect for human rights, the development of its employees’ human capital, customer relations, privacy protection and engagement with local communities.
S&P Global’s analysis therefore portrays a forward-looking company that leads a benchmark made up of the sector’s top performers worldwide.
These highly positive assessments – released shortly after the publication of the new Business Plan – confirm our ability to pursue a sustainability strategy based on continuous commitment across the entire value chain, while keeping a close eye on international best practices. The evaluations also highlight the key strengths identified by analysts: a company that continues to deliver significant shared value creation, reflected in a forecast double-digit average annual Total Shareholders Return.
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We are going to reduce emissions by 37% within 2030
Our objective in reducing greenhouse gas emissions is among the most ambitious for an Italian company, as officially communicated today, World Earth Day, by the international network Science Based Targets initiative
We can now boast one of the most ambitious targets for reducing greenhouse gas emissions certified on a scientific basis for a company in Italy: down 37% by 2030 compared to 2019. This has been certified by the prestigious international network Science Based Targets initiative (SBTi), born out of a collaboration between CDP, the United Nations Global Compact, the World Resources Institute and the WWF, which today – World Earth Day – formalized its validation of our greenhouse gas reduction targets. We are committed in particular to the “Well below 2°C” goal, aimed at limiting the increase in global temperature to considerably below 2°C compared to pre-industrial levels, in line with the path set out by the Paris Climate Agreement.
At the forefront in the energy transition and the fight against climate change
Our focus on sustainability is fully integrated in the business strategies and goes hand in hand with creation of increasing shared value, with stakeholders and the areas in which we operate. We have long been at the forefront in the fight against climate change, taking action and making investments for the energy transition towards carbon neutrality and the transition to a circular economy, as reiterated in the 2024 Business Plan. And in order to focus our objectives even more concretely, we extend our outlook to 2030, also including the targets validated by SBTi, following the most rigorous scientific criteria. Our objective of a 37% reduction in carbon dioxide emissions is all the more ambitious considering that it is not limited to the emissions produced by the Group’s own activities but also covers those of our customers, in electricity and gas sales, and our suppliers. In fact, we have introduced numerous solutions for individuals and companies to promote energy efficiency, accompanied by broader initiatives intended to increase involvement and awareness, aimed at encouraging reduced consumption.
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