December 2023 - Italgas.it

Italgas among the excellences of Dow Jones Sustainability Index Europe and Dow Jones Sustainability Index World: first among Gas Utilities

Posted on December 9, 2023 by adigiuseppe

Milan, 9 December 2023 – Italgas came first globally among Gas Utilities for the excellent performances achieved in the field of sustainability. This is the result made official by S&P Global Corporate Sustainability Assessment 2023 that confirmed the Company’s inclusion in the Dow Jones Sustainability Index Europe and in the Dow Jones Sustainability Index World, for the third and fifth consecutive year respectively.

The two indexes, managed by S&P Global, include companies that excelled globally in their approach to sustainability. More in details, in the latest Assessment Italgas achieved a score of 89 points out of 100 (score date: 24 November 2023), above the other 42¹ companies in the gas utility sector.

The result achieved confirms the goodness of the Group’s choice to integrate more and more the Strategic Plan with the Sustainability Value Creation Plan on a path that sees a continuously growing commitment of the Group to improving all aspects related to sustainability, from the flight to climate change, to value creation for the stakeholders and the local communities.

A commitment well represented in the Sustainability Value Creation Plan 2023-2029, “Builders of the future – The journey continues” and in the second TCFD Report “2022-2023 Driving innovation for energy transition” that will be made available to stakeholders on Italgas’ corporate website next 18^th of December.

The confirmation of inclusion in the DSJI Europe and World follows similar strong results achieved by Italgas in 2023, such as the inclusion in the FTSE4Good Index Series, the confirmation of the ESG Corporate Rating of A- Prime rating by ISS and of the AA rating by MSCI ESG Ratings, and the improvement of the ESG score by Moody’s ESG Solutions.

¹Companies in the Gas Utilities Industry assessed by S&P Global Corporate Sustainability Assessment so far in 2023

Italgas and Tokyo Gas Network: agreement to develop the future gas distribution network

Posted on December 4, 2023 by adigiuseppe

Tokyo, December 4^th, 2023 – Italgas and Tokyo Gas Network have signed a Memorandum of Understanding (MoU) at the Italian Embassy in Tokyo to initiate a collaboration in strategic areas of gas distribution aimed at developing joint projects. Italgas is a leader in the industry in Italy, Greece, and ranks third in Europe; Tokyo Gas Network is a subsidiary of Tokyo Gas, the primary natural gas utility in Japan.

The agreement was signed in Tokyo by Paolo Gallo, CEO of Italgas, and Kunio Nohata, Director and Chairperson of the Board of Tokyo Gas Network.

Gianluigi Benedetti, the Ambassador of Italy to Japan stated: “The signature of this MoU holds great significance for the further development of the economic cooperation between Italy and Japan in the field of energy, a strategic area for the prosperity of our economies and the future of our societies. The MoU lays the ground for Italgas and Tokyo Gas Network – two major player in their respective energy distribution national markets – to join forces, cooperate and share technologies to bring about new and innovative industrial projects. This new partnership perfectly interprets the spirit and serves the economic and industrial goals of the bilateral “Strategic Partnership” – launched last January by Heads of Government Giorgia Meloni and Fumio Kishida – which were reaffirmed during the 33rd General Assembly of the Italy-Japan Business Group held in Tokyo on November 7”

“TGNW is very honored to sign this MoU – stated Satoru Sawada, CEO of Tokyo Gas Network –. Based on this MoU, we would like to build a cooperative relationship in various fields, including carbon neutral and earthquake disaster management, and work together to develop the gas distribution business of both companies. Toward the goal of achieving both stable energy supply and decarbonization, as stated in the group’s mid-term management plan “Compass Transformation 23-25,” Tokyo Gas Network will work on enhancing the operation and resilience of its supply network.”

“We strongly believe in global engagement and cooperation – stated Paolo Gallo, CEO of Italgas. – Especially with organizations that, like us, believe that technological innovation is the driving force behind their growth trajectory. In this regard, our collaboration with Tokyo Gas Network is strategic as it will further strengthen our pursuit of new solutions and the scouting of technologies capable of making our service increasingly efficient, resilient, and sustainable, bringing us closer to the goal of achieving net zero.”

With this MoU, the two companies share their expertise and resources to promote resilience, innovation, and sustainable development of gas distribution networks. Specifically, the Memorandum immediately facilitates the exchange of technological knowledge and best practices in the following areas

Innovation and digitalization. Italgas will share with Tokyo Gas Network the outcomes, approaches, and innovative digital solutions developed by the Digital Factory to enhance network management, boost operational efficiency, and ensure the sustainability of gas distribution.
Seismic resilience. The technology developed by Tokyo Gas Network in a highly seismic region like Japan will also be implemented in certain sections of Italgas’ network to further enhance its resilience and assess its widespread application.
Green gases. The companies will exchange their respective experiences gained in experimenting with new solutions to enable networks for the distribution and management of green gases such as biomethane, hydrogen, and synthetic methane.

UN Environment Programme: Italgas confirmed “Gold Standard” for the third consecutive year by the International Methane Emissions Observatory

Posted on December 1, 2023 by adigiuseppe

Milan, December 1, 2023 – Italgas has, for the third consecutive year, achieved the prestigious “Gold Standard” recognition within the report of the International Methane Emissions Observatory (IMEO), published by the United Nations Environment Programme (UNEP) with the support of the European Commission. The report, presented today in Dubai during COP28, provides a detailed analysis of methane emissions data provided by companies under OGMP2.0, evaluating progress towards reducing these emissions.

The recognition was granted due to Italgas’ continued commitment to monitor and reduce methane emissions, highlighting the considerable expertise gained in their measurement, especially through the adoption of innovative technologies. Moreover, the report emphasized how Italgas has presented one of the most ambitious implementation plans in the distribution sector.

Italgas has demonstrated commitment to reducing methane emissions through the implementation of cutting-edge solutions, such as Picarro’s CRDS (Cavity Ring-Down Spectroscopy) technology. This technology offers significant advantages in terms of speed, sensitivity, and comprehensiveness of control compared to traditional methodologies.

Furthermore, the report acknowledges Italgas’s leadership role in the sector, promoting proactive behaviors aimed at reducing emissions, not only within its own company but also among other sector operators.

The “An Eye on Methane” report is based on data collected in the third year of implementation of the OGMP 2.0 initiative, the framework introduced by UNEP in 2020 for monitoring and reporting methane emissions.