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Italgas ranked first in the world for sustainability among Gas Utilities

Reconfirmed in the DJSI Europe and DJSI World indices. 

Milan, 23 December 2024 – Italgas was reconfirmed first in the world among Gas Utilities in S&P’s Global Corporate Sustainability Assessment 2024 (CSA) for its outstanding performance in sustainability. Specifically, in the latest Assessment, Italgas scored 91 out of 100 (assessment date: Dec. 13, 2024) higher than other gas utilities assessed and improving its score from last year.

Following the Assessment, S&P confirmed Italgas’ inclusion in the Dow Jones Sustainability Index Europe (DJSI Europe) and the Dow Jones Sustainability Index World (DJSI World) for the fourth and sixth consecutive years, respectively. The two indexes include companies that have excelled globally in their approach to sustainability.

The results achieved confirm the validity of the strategic choices made by the Group including the integration of the Strategic Plan and the Sustainable Value Creation Plan in a path that sees the Group’s commitment to improving all aspects related to sustainability steadily growing: from the flight to climate change, to value creation for the stakeholders and the local communities.

The confirmations in the DJSI Europe and DJSI World follow Italgas’ other major achievements in 2024, such as the confirmation of the inclusion in the FTSE4Good Index Series and AA rating by MSCI ESG Ratings as well as the improvement of the ESG score recognized by Moody’s ESG Solutions.

Paolo Gallo honored at the 2024 UNCA Awards in New York for Commitment to Sustainability and Energy Transition

New York, December 16, 2024 – The CEO of Italgas, Paolo Gallo, was awarded a Special Mention in New York at the 2024 UNCA Awards, a prestigious ceremony organized by the United Nations Correspondents Association. The initiative aims to highlight personalities from the world of communication and business who have stood out for their contributions to global issues such as climate change and international crises.

Paolo Gallo received the Special Mention in the presence of the UN Deputy Secretary-General, Amina J. Mohammed. The award adds to a legacy of notable recipients, which in previous years has included figures such as Bill Clinton, Richard Branson, Ted Turner, Jeffrey Sachs, Nicolas Cage, Stevie Wonder, and Michael Douglas.

During the ceremony, Italgas’ efforts to promote sustainability through the digital transformation of gas distribution networks and the adoption of innovative technologies were highlighted. These initiatives have contributed to reducing emissions and improving energy efficiency. Additionally, the effectiveness of Italgas’ model in the energy sector was recognized, acknowledging its significant role in advancing global goals for a transition to a net-zero emissions economy.

“This recognition is a tribute to the collective work of the entire Italgas team, which has placed sustainability at the core of our mission, inspiring and guiding every strategic decision,” said Paolo Gallo, CEO of Italgas. “Our commitment is to shape a safe, sustainable, and competitive energy transition by progressively integrating natural gas with renewable, zero-carbon solutions such as biomethane and hydrogen, while significantly reducing methane emissions. Our leadership in this area was recently reaffirmed at COP29, where UNEP awarded us the Gold Standard for methane emissions reduction for the fourth consecutive year. Innovation, sustainability, and social responsibility are the pillars on which to build a better future, and we will continue to invest in them with determination and vision.”

Enaon (Italgas Group): €1 Billion Investment by 2030 to Support Greece’s Ecological Transition

Athens, December 4, 2024 – Italgas has envisaged a total investment of €1 billion in Greece as part of the Group’s 2024-2030 Strategic Plan. This program will be executed by its subsidiary Enaon, focusing on four main pillars to support Greece’s ongoing ecological transition:

  • Methanization of areas not yet connected to the gas distribution network and contributing to the phase-out of more polluting fuels like lignite and coal.
  • Digital transformation of the network, including the replacement of traditional smart meters with “H2 ready” technology.
  • Development of renewable gases, primarily biomethane and green hydrogen, to bolster decarbonization efforts.
  • Repurposing the existing network to make the energy infrastructure more flexible, ready for a more sustainable energy future.

The plan, unveiled today, spans seven years and aligns with the Group’s growth trajectory.

“This Plan brings €1 billion to Greece commented Paolo Gallo, CEO of Italgas and outlines the development path of the country’s energy infrastructure. A path that passes through the ability to continue to enhance local know-how, using the experience gained in Italy to reduce the application times of cutting-edge technologies and the development of the network. The digital transformation of the network, the introduction of the DANA platform for its full automation and the installation of Nimbus, the ‘H2 ready’ smart meter will allow the green gas revolution to be rapidly enabled. Enaon’s contribution to Greece’s development is tangible and impactful: actively promoting an ecological transition which, regardless of ideologies, guarantees safety, sustainability and cost competitiveness for families and businesses”.

The plan allocates €650 million for the construction of over 3,000 kilometers of new network, extending service to areas not yet connected. This expansion will introduce a new energy source to 18 cities (including Patra, Ioannina, Kastoria, Florina, Grevena, and Orestiada) and increase the customer base served by Enaon from the current 615,000 to 920,000 by 2030.

As part of the network development, the application of the distribution system based on cryogenic LNG depots is also envisaged, which is particularly effective for remote areas that are not reached by the major methane transport backbones, thus overcoming energy isolation. Nine LNG depots will be built in the first part of the Plan.

In 2025, 100 per cent of the assets will be digitised and in 2026 the proprietary software DANA (Digital Advanced Network Automation) will be integrated for the automated management and remote control of networks and plants. The DANA technology, successfully applied to the Italian network, will be extended to Enaon taking into account its peculiarities, demonstrating the flexibility of a unique technology capable of combining artificial intelligence and machine learning principles to ensure greater efficiency, security and sustainability.

The digital transformation also includes replacing current traditional meters with Nimbus, the “H2 ready” smart meter, which guarantees the best performance in terms of remote management and remote reading, capable of managing mixtures of natural and renewable gas. The installation will begin as early as 2025 and will involve approximately 570,000 meters. Additionally, Greece is already utilizing Picarro for scheduled gas leakage detection, the world’s most advanced technology for preventive network monitoring. By 2025, Picarro will enable inspections of 200% of the network, following the achievement of 150% in 2024.

A smart, digital, and flexible network is the cornerstone for distributing biomethane and hydrogen, including blending with natural gas. Enaon is conducting an extensive review of Greece’s primary biogas facilities to connect them to the distribution network, promoting their upgrade to biomethane. On the hydrogen front, however, an assessment is already underway on the entire distribution network to evaluate its compatibility and develop the interventions necessary for the further evolution of the infrastructure.

Enaon places significant emphasis on integrating and valuing the Group’s workforce to foster a shared corporate culture rooted in diversity, equal opportunity, and inclusion. To meet numerous challenges and drive change effectively, the Group continues to implement policies to attract top talent and introduce new skills, supported by a strong focus on employee training.

COP29, Baku: Italgas Leads the Global Dialogue on Methane Emissions and Energy Infrastructure Sustainability

Baku, Azerbaijan – November 15th, 2024 – The role of infrastructure in reducing methane emissions and promoting sustainable gas trade was the central theme at the Italian Pavilion in COP29’s Blue Zone, where distinguished international figures in energy and environmental fields, government representatives, infrastructure operators, and NGOs gathered for an impactful discussion.

The session was inaugurated by Professor Francesco Corvaro, Special Envoy of the Italian Government for Climate, who outlined COP29’s main context and objectives, highlighting Italy’s strategic role in international negotiations. Jonathan Banks, Global Director of Methane at the Clean Air Task Force, focused his speech on the impact of methane emissions and the importance of reducing them through measurable, sector-specific approaches. He called all participants to action and moderated the subsequent discussion.

Throughout the event, experts and representatives from institutions, companies, and NGOs shared valuable insights, experiences, and strategies to curb methane emissions. Among the participants, Masahiro Naka from Japan’s Ministry of Economy, Trade and Industry, alongside representatives of think tanks and NGOs such as the Atlantic Council and the Environmental Defense Fund, enriched the debate. They were joined by delegates from infrastructure companies, including Tokyo Gas, Azerigas, and Marubeni. Also contributing to the event were the Italian Biogas Consortium, the World Bank, and Andris Piebalgs, Chair of the IMEO Implementation Committee.

“For the first time, Italgas is taking part in COP in a remarkably significant way Pier Lorenzo Dell’Orco, CEO of Italgas RETI stated – We are proud to have brought together a panel of exceptional experts from various nations here in Baku to address the crucial challenge of reducing methane emissions. Gas, which today is fossil-based but will increasingly be green, will continue to play a key role in the transition to a net-zero economy, with infrastructure serving as the enabler for sustainability across the entire energy chain. The success of this event not only reinforces Italgas’s position as Europe’s leading gas distribution operator but also establishes our role as a prominent player on the international energy stage. We extend our thanks to the Italian Ministry of Foreign Affairs and the Ministry of the Environment and Energy Security for hosting us in the Italian pavilion here in Azerbaijan and for their valuable support in organizing and realizing this event”.

COP29: Italgas Awarded “Gold Standard” for the Fourth Consecutive Year by the International Methane Emissions Observatory

Baku (Azerbaijan), November 15th, 2024 – For the fourth year in a row, Italgas has received the prestigious Gold Standard recognition in the An Eye on Methane 2024 report from the International Methane Emissions Observatory (IMEO), published by the United Nations Environment Programme with support from the European Commission.

The report, presented today at COP29 in Baku, provides an in-depth analysis of methane emissions data supplied by companies participating in OGMP 2.0, evaluating progress in emission reduction efforts.

This recognition highlights Italgas’s consistent commitment to monitoring and reducing methane emissions, demonstrating advanced expertise in emissions measurement achieved through innovative technologies and the digital transformation of assets. The report also emphasizes Italgas’s role in presenting one of the most ambitious implementation plans within the gas distribution sector.

Italgas stands out as the only downstream company featured in the “Stories of Progress in OGMP 2.0” thanks to its extensive emissions measurement campaign, which has enabled the identification of major emission sources and improvement in data accuracy. Furthermore, the company collaborates with a team of researchers to conduct controlled gas release tests at a testing field, aimed at identifying previously undetected emission sources.

The company has also distinguished itself by adopting advanced technological solutions, such as the CRDS (Cavity Ring-Down Spectroscopy) technology developed by California-based Picarro, which ensures greater speed, sensitivity, and range compared to traditional methods.

Finally, the report acknowledges Italgas’s leadership role within the sector, driven by a proactive approach to emission reduction, not only within the company itself but also by encouraging best practices and offering mentorship to other industry operators.

The An Eye on Methane 2024 report is based on data collected during the fourth year of the OGMP 2.0 program, the framework introduced by UNEP in 2020 for methane emissions reporting and monitoring.

COP29: Italgas and SOCAR Sign a Cooperation Agreement for the Gas Distribution Sector

Baku (Azerbaijan), November 12, 2024 – Italgas and SOCAR (State Oil Company of the Azerbaijan Republic) signed a Cooperation Agreement today at COP29, renewing and strengthening the collaboration between the two industrial groups.

The agreement, signed by Paolo Gallo, CEO of Italgas, and Elshad Nassirov, SOCAR Vice President responsible for gas, consolidates a strategic partnership aimed at promoting innovation, efficiency, and sustainability in the gas distribution sector.

Key areas of collaboration include the exchange of best practices and technologies to accelerate the energy transition and digitalization, with a particular emphasis on decarbonizing infrastructure through gas leak detection using Picarro technology, as well as process digitalization through the agile methodology, which has been in place at Italgas’s digital factory—the group’s hub for digital transformation—since 2018.

The agreement stems from the existing partnership between Bludigit, Italgas’s Digital Company, and Azerigas Production Union, the entity responsible for natural gas distribution and sales in the Republic of Azerbaijan, aimed at identifying leaks in Azerbaijan’s gas network and reducing emissions within the distribution sector. To this end, Picarro’s CRDS (Cavity Ring-Down Spectroscopy) technology is already being used in a pilot phase, alongside data analysis, to enhance effectiveness and timeliness in detecting leaks, including minor ones, and to guide preventive maintenance actions for the network.

We strongly believe in the value of cooperation and global dialogue as key accelerators on the path to net zero stated Paolo Gallo, CEO of Italgas -. We are excited to embark on this partnership with SOCAR, a company that, like us, views technological innovation and sustainability as fundamental pillars of growth. In this context, the agreement holds strategic significance, as it will enable us to expand resources dedicated to breakthrough solution development and explore new technologies, further strengthening our globally recognized leadership in the gas distribution sector”.

We are pleased to deepen our collaboration with Italgas, a company that shares SOCAR’s commitment to innovation and sustainabilitystated SOCAR -. This agreement represents an important milestone in our journey towards a net-zero future, allowing us to integrate advanced technologies like Picarro’s CRDS into our gas distribution infrastructure. By enhancing our capabilities in leak detection and digitalization, we are not only improving efficiency but also contributing significantly to emissions reduction across the network“.

The awareness of the importance of reducing emissions across the entire gas infrastructure chain, essential for advancing towards a net-zero economy, will be the central theme of the event organized by Italgas on November 15 at the Italian Pavilion at COP29. This debate, titled “Methane Emissions in the Global Path to Net Zero: Infrastructure as a Catalyst for Sustainable Gas Trade,” will involve institutional figures, representatives from think tanks, NGOs, and industry operators. The discussion will focus on the urgency of containing methane emissions to combat climate change, exploring industrial, financial, and policy strategies applicable to each component of the infrastructure chain, with a particular focus on developing countries.

Among the speakers, Pier Lorenzo Dell’Orco, CEO of Italgas Reti, will outline the transformation journey of the Italgas Group into a network tech company and its leadership in monitoring and reducing methane emissions. Professor Francesco Corvaro, Special Envoy for Climate Change of the Italian government, will present Italy’s commitment as a strategic player and the contribution of “international champion” companies in sharing best practices.

Moody’s improves Italgas ESG Assessment

Milan, November 5th, 2024 – Italgas has received an updated ESG Assessment from Moody’s of 70/100, up from 69/100 the previous year and above the sector average of 54/100. The updated score reflects Italgas’ strong commitment to sustainability and actions it has taken to manage environmental, social and governance risks.

This recognition follows the assignment to Italgas of an ESG Risk Rating of 14.6 by Sustainalytics in October. According to Sustainalytics, the Group has a “Low Risk” of experiencing material financial impacts from ESG factors.

Italgas and the Ministry of Foreign Affairs: Memorandum of Understanding to Strengthen the Safety of Employees Traveling Abroad

Rome, October 16th, 2024 – Italgas strengthens its commitment to protecting employees on business trips abroad thanks to a Memorandum of Understanding signed today at the Ministry of Foreign Affairs and International Cooperation between Italgas CEO, Paolo Gallo, and the Head of the Crisis Unit, Nicola Minasi, under the initiative of Foreign Minister Antonio Tajani.

The agreement marks the beginning of a collaboration aimed at further raising international safety standards by mitigating potential risks associated with business trips.

The Memorandum of Understanding is intended to reinforce Italgas’ commitment to the safety of its employees traveling or working abroad, in line with the principles of “Duty of Care” and international standards for travel risk management.

The collaboration with the Italian Ministry of Foreign Affairs, supported by the availability of dedicated digital applications, offers multiple benefits to the Group’s employees. In addition to the information already available through the “Viaggiare Sicuri” app and the “DoveSiamoNelMondo” portal, the Group’s employees can access IG DOME at any time. This innovative application, developed by Italgas, provides real-time data on traffic, weather, public transport, natural events, and security issues related to the countries they are visiting. In case of need, employees can use IG DOME to request support from the company’s Security Unit to be located, ensuring maximum coordination with the Crisis Unit.

The Protocol includes joint training programs and informational activities to continue promoting a culture of safety during business trips, protecting Italgas Group employees, and optimizing the security measures implemented by the Company.​

“The safety of our nationals abroad is a priority for the Government and my Ministry—as demonstrated by this agreement—and it requires collaboration between the Farnesina, our diplomatic network, and companies like Italgas,” stated the Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation, Hon. Antonio Tajani, highlighting the importance of teamwork among all parties involved, both public and private, especially in high-risk contexts.​

“The safeguarding of the health and safety of our Group members — stated Paolo Gallo, CEO of Italgas — has always been the primary objective of our daily actions. Thanks to continuously evolving technological innovation, we are able to improve and make our services dedicated to employees increasingly efficient. This closer collaboration with the Crisis Unit of the Farnesina allows us to be even more effective in preventing the risks our colleagues may face while traveling for work.”​

Italgas inaugurates the new Plant and Network Command and Control Center in Florence

Florence, 3 October 2024 – Italgas today inaugurated the new Plant and Network Command and Control Center in Florence, an infrastructure based on a complex technological architecture that allows for the remote monitoring and management of the 74,000 kilometres of the Group’s gas distribution network, including the 8,000 kilometres of Toscana Energia networks.

The new Center, built in the building spaces of the associate Toscana Energia, operates in symbiosis with its “twin” in Turin and makes it possible to increase the availability of resources to remotely intervene on the network and plants, intensify monitoring activities, collect and analyse operating data, and refine predictive maintenance programs. Overall, the new Center will further increase the levels of security, service flexibility and timeliness of intervention – direct and remotely – 24 hours a day, every day of the year.

Present at the ribbon-cutting ceremony, together with Italgas CEO Paolo Gallo, were the Mayor of Florence, Sara Funaro, the President of the Region Eugenio Giani, the President of Toscana Energia Fabio Giorgetti, and the CEO of Toscana Energia, Bruno Burigana.

“With the ribbon-cutting ceremony of the new Command and Control Center in Florence, we are taking a big step forward in the technological innovation of the gas distribution service –
said Mayor Sara Funaro -. Remote monitoring and control will make it possible to put in place a service that is certainly increasingly efficient for citizens, allowing them to have a precise picture of how the network is working, but at the same time also sustainable: the use of the
most advanced technologies, in fact, is also decisive in environmental terms.Today we are reaching an important goal that puts our city even more in the vanguard”.

“Thanks to the new Control and Command Center for plants and networks – commented the President of the Tuscany Region, Eugenio Giani – Florence and Tuscany will become the heart, or more precisely the brain, of a digitalized national gas distribution network. The joint operation with the similar Center in Turin will bring significant innovation to the governance of this sector, better efficiency monitoring, and increased safety. The technological upgrades open up possibilities that were unthinkable just a few decades ago, enabling a more targeted service and increasingly comprehensive control of the network—improvements that benefit all of us and the environment.”

The continuous pursuit of innovationdeclared Paolo Gallo, Italgas CEOhas allowed Italgas and its subsidiaries to be recognised as industry benchmarks. The technological upgrade has triggered a Copernican revolution that has completely transformed our networks to the point of making them one of the driving forces behind the ecological transition to net zero and the sustainable development of our cities. With the new Center in Florence, we are also cutting another important milestone: we are getting closer and closer to the goal of a fully digitalised network, able to act like the nervous system of the human body, with the capacity to react at central and local level”.

The Piazza Mattei Center is located within an environment specially designed for the management of a state-of-the-art digital network.

The structure consists of two contiguous areas that operate in close connection: in one, the reports that reach the Emergency Service toll-free number converge – from the receipt of the request – to the indications to be put into practice immediately, to the service order to the technicians in the area for their direct intervention – in the other, the remote command and control takes place through the use of the proprietary software DANA (Digital Advanced Network Automation) which allows to act on sensors and actuators installed along the network. The environments are organised to facilitate sharing and collaboration on common topics as well as concentration on specific topics.

DANA is the proprietary application created in the Group’s Digital Factory and represents the heart of the technologies employed as it enables remote control and management, raising the efficiency levels of activities. In particular, the integrated mapping system makes it possible to intervene on the network, “interrogate” it and verify its status even in its individual segments, thus favouring an increasingly in-depth and comprehensive knowledge of the individual distribution systems.

Italgas stock confirmed in the FTSE4Good Index Series for the eighth year in a row

Milan, 9 July 2024 – Italgas stock has been confirmed for the eighth consecutive year as a constituent of the FTSE4Good Index Series, designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices.

The evaluations of FTSE Russell, among the most influential sustainability rating agencies, are based on the assessment of activities in areas such as corporate governance, health and safety, climate change, and anti-corruption efforts.

Companies included in the FTSE4Good Index Series meet a variety of environmental, social and governance criteria. Italgas confirmed this year the score of 4.3 out of a maximum of 5 points, positioning itself ahead of the industry average.

The achievement of this result once again reaffirms Italgas’ focus on sustainable development, aimed at creating opportunities based on the principle of shared value.