Milan, 26 September 2019 – Moody’s Investors Service (“Moody’s”) has affirmed Italgas S.p.A Long-Term Issuer Rating at ‘Baa2’ with Stable Outlook.
The rating affirmation reflects Italgas Group’s strong focus in a sector supported by a well-established regulatory framework.
Moody’s highlights Italgas’ solid profitability and cash flow generation, underpinned by a good degree of operating efficiencies and by an extremely low cost of debt; according to the rating agency, the progressive implementation of the updated 2019-2025 investment plan and the Company’s sound liquidity profile will provide Italgas with a competitive advantage in the upcoming tenders.
Milan, 23 September 2019 – Italgas’ Board of Directors, chaired by Alberto Dell’Acqua, met today and approved the renewal of the EMTN Programme launched in 2016 and renewed in 2017 and in 2018, furthermore raising the Programme maximum amount from 3.5 up to 5 billion euro.
As of today, 3.5 billion euro of bonds have been issued under the EMTN Programme, which is therefore fully drawn.
The Board of Directors has also approved the issue of one or more bonds to be placed only with institutional investors within one year by the signing date of the Programme. The total amount of the bonds issued may not in any case exceed the abovementioned maximum amount. The newly bonds issued may be listed on the regulated markets.
Milan, 16 September 2019 – Italgas has been included for the first time in the Dow Jones Sustainability Index World. This index globally assesses the capability of the largest listed companies to address the major issues of sustainability
Italgas is the only Italian utility in the gas distribution sector included in DJSI World, the third in the world with the Spanish Naturgy and the Japanese Osaka Gas.
This year, the Dow Jones Sustainability Index World is made up of 318 companies, out of a total of more than 3,500 invited to participate. With Italgas in 2019, three other Italian companies were included, bringing the number of Italian companies to 12.
After the recent confirmation in the FTSE4Good, another important recognition for Italgas’ business model inspired by criteria of environmental, social and economic sustainability and focused on constant interaction with the territory of reference. A further sign for the stakeholders of the company’s ability to create value in the medium to long term.
Milan, 11 September 2019 – Italgas has been confirmed for the third year in a row in the FTSE4Good Index Series, an index that brings together at a global level the best companies able to stand out for their attention to sustainable economic development.
The review, focused on ESG (Environment, Society and Governance) criteria, determined an evaluation of Italgas’ sustainable performance of 3.7 out of a maximum of 5 points.
A score that recognises the value of the company’s best practices and rewards the company’s commitment by placing it above the average for the gas distribution sector (2.5), the utilities sector (2.8) and, more generally, the national average (3.6).
With respect to the three pillars of sustainability, stand out the maximum evaluations obtained with respect to the items “Anticorruption”, “Corporate Governance”, “Labour Standards” and “Human Rights & Community.
The inclusion proves Italgas’ continuous commitment to a sustainable development based on company leadership in interaction with the social context, aimed at creating opportunities based on the principle of shared value.
Created by the global index company FTSE Russel, FTSE4Good is an equity index series that is designed to facilitate investment in companies that meet globally recognised corporate responsibility standards. Companies in the FTSE4Good Index Series have met stringent environmental, social and governance criteria, and are positioned to capitalise on the benefits of responsible business practice.
Milan, 5 September 2019 – Italgas Chief Executive Officer Paolo Gallo met today in Milan Allen Blue, co-founder of LinkedIn, in Italy for a two-day of events.
Focus of the meeting the themes of innovation, digital transformation of networks and business processes, as well as the role and potential of the main professional network for a company like Italgas, leader in Italy in the distribution industry, strongly oriented towards technological innovation and continuous strengthening of the digital mind-set of its people.
With over 4,000 employees, Italgas manages 7.6 million users in over 1,800 municipalities, used by more than one third of the gas distribution market in Italy.