Author: adigiuseppe

Milan, 7 February 2023 – Italgas has been included for the fourth consecutive year in the Sustainability Yearbook, the annual publication by S&P Global that collects best practices, experiences, case histories from world’s top sustainability leaders.

Italgas also confirmed its leadership with inclusion in the ‘Top 1% S&P Global ESG Score’ category, thanks to its excellent performance.

The result was achieved after the Corporate Sustainability Assessment (CSA) conducted in 2022: 708 companies, out of 7,800 assessed, were included in the Sustainability Yearbook 2023 based on their ESG scores.

This achievement is further confirmation of Italgas’ focus on the key criteria of sustainability, environmental, social and governance, as well as its commitment to achieving targets to reduce the carbon footprint and energy consumption associated with its activities.

Milan, 14 December 2022 – The Board of Directors of Italgas today approved the 2022-2028 Sustainable Value Creation Plan, “Builders of the Future”, which sets concrete actions and ambitious targets for the creation of value for the Group’s stakeholders and for the territories in which it operates; the document is part of the trajectory already traced by the 2022-2028 Strategic Plan of 8.6 billion euros of investments. Along with the Value Creation Plan, the “Driving innovation for energy transition” report was also presented to the BoD. It explores the relationship between Italgas Group’s business and the impacts associated with climate change in line with the recommendations of the Task Force on Climate-Related Financial Disclosure (TCFD).¹

The two documents, produced in line with international frameworks and best practices, provide further evidence of how sustainability for Italgas it’s not just an integral part of strategic development, but a founding element and pivot of actions aimed at achieving the targets set by the REPowerEu.

“Builders of the Future” is structured around three pillars – planet, people and partnership – to which correspond specific lines of action with clear commitments, measurable targets and expected medium and long-term results. Results to be achieved by leveraging strategic drivers such as technological innovation, circular economy, training, diversity and inclusion.

Targets set to 2028 include the creation of a 100% hydrogen-ready distribution network, the production of 200 tons of hydrogen through the future Power to Gas plant in Sestu (Cagliari) – demonstrating the validity of the solution for transportation and industrial and residential uses – the involvement of 18,000 citizens in energy transition training activities, and the global assessment of more than 3,000 startups and SMEs for possible collaborations.

In “Driving innovation for energy transition”, Italgas discloses its strong commitment to decarbonization of both its own business, with a “Net Zero Carbon Goal” to 2050, and the territories in which it operates, managing the opportunities (and risks) related to climate change in the best possible way, through the drivers of digital transformation and energy efficiency, also at the service of the customers of the Group’s ESCo, Geoside.

Italgas CEO, Paolo Gallo, explained: “For years, sustainability has been considered an almost abstract concept, with respect to which to adjust business strategies and objectives but without a direct correlation to real development. A short-sighted and distant vision from the idea of concrete actions and interventions that make sustainability the main driver to reach the goal of the net zero economy. At Italgas we have been working on this for some time in the awareness that whatever we can measure we can also manage. The two new documents go precisely in this direction: providing a detailed map within which we can move according to precise coordinates and intermediate goals”.

¹Established in 2015 by the Financial Stability Board – https://www.fsb-tcfd.org/

Milan, 13 December 2022 – Italgas is confirmed as one of the leading companies worldwide for its commitment in the fight against climate change.

In fact, the Company was included for the first time Italgas in the “A-list” of CDP (Carbon Disclosure Project) that groups sustainability leaders worldwide based on transparency and performance on climate change. The result is based on the data reported through CDP’s 2022 Climate Change questionnaire and marks the second consecutive year of improvement for Italgas.

This year CDP analysed more than 15,000 companies worldwide investigating the topic of climate change, forests and water security. Only 330 of them achieved the ‘A-level’ of which 283 for climate change and 6 in Italy¹. CDP assessment considers the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, including setting of ambitious targets.

The rating improvement is a further recognition of the Company’s strong focus on environmental targets that the 2022-2028 Strategic Plan, presented to the market last June, revised upwards (-34% in Scope 1 and 2 gas emissions, -30% in Scope 3 emissions, -27% in energy consumption by 2028, baseline 2020, net Zero by 2050).

The positive outcome of the CDP survey follows the recent affirmation of Italgas in the Dow Jones Sustainability Indexes Europe and World, thanks to first place for the Gas Utilities sector in the S&P Global CSA with a score of 91 points out of 100.

¹of which 5 for climate change

The Company is in first place of the 46 companies included in the Gas Utilities Industry

Milan, 10 December 2022 – Italgas positions at the top of sustainability worldwide. The Company has been indeed confirmed for the second year in a row in the Dow Jones Sustainability Index Europe and for the fourth consecutive year in the Dow Jones Sustainability Index World. The two indexes, managed by S&P Global, include companies that have excelled in Europe and globally on sustainability topics.

1^st in the Gas Utilities Industry. Out of 46¹ companies assessed in the Gas Utilities Industry in the S&P Global Corporate Sustainability Assessment in 2022, Italgas received the highest score, further improving on last year’s one (91 points out of 100, score date: 18 Novembre 2022).

The result achieved demonstrates the Group’s continuous effort aimed at improving all aspects related to sustainability, whether of an environmental, social or governance nature.

¹Companies in the Gas Utilities Industry assessed by S&P Global Corporate Sustainability Assessment so far in 2022