June 2020
Main achievements in 2019
The initiatives implemented allowed Italgas to reach a 79% completion level of the 2019-2025 Sustainability Plan in its first year.
Five strategic pillars of the plan
1. Develop the sustainability culture
- Filling in six ESG rating questionnaires, vs four questionnaires planned
- Six sustainability indices in which the Italgas share was included in 2019
- Development of a supplier rating system that includes sustainability issues
- Administration of a “pilot” sustainability questionnaire to 120 suppliers
2. Put the people at the centre
- Adoption of a Diversity Policy
- A Company climate analysis conducted, with a 77% response rate
- Involvement of nearly 1,000 students in work-school alternation projects
- 192 new hires, of which 81% under 30 years and 26% women
- Over 4,000 employees in total
- Around 84,000 hours of training provided, i.e. 20.5 hours on average per employee
3. Create value for the community
- 697,000 euro invested for sponsorships and charitable donations
- Completion of the delivery of the 1,500 computers gifted to schools in the municipalities damaged by the earthquake in the regions of Abruzzo, Lazio, Marche and Umbria
- Organization of 4 safety walks for schools, with over 400 students involved
4. Create value for customers and the market
- 654 million euro distributed to stakeholders
- 7 million smart meters installed in total, of which 2.1 million only in 2019
- Organization of 2 webinars with the involvement of 64 sales companies
- Implementation of a pilot project of customer satisfaction for sales companies
- Creation of a portal for complaints management, which will be operational in the second half of 2020
5. Contribuire to the efficiency and security of the energy system
- Increase in the number of re-delivery points in areas that still use LPG or other fuels, with approximately 2,600 new re-delivery points activated
- 18.2 km of network replaced with lead hemp joints
- 100% of the service fleet replaced with methane-powered car
- Start of works on the sites of 30 network extensions for conversion to methane in as many fractions; 13 of these completed and converted to methane in 2019
Italgas commitment on ESG issues has been acknowledged by the market
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In 2019, Italgas was included for the first time in the selected list of shares that constitute the Dow Jones Sustainability Index (DJSI) World by RobecoSAM.
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The share was also included for the third consecutive year in the series of FTSE4Good indices.
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In 2019, Italgas saw its AA rating confirmed by MSCI.
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Italgas was confirmed for the second year in the indices ECPI Euro ESG Equity and ECPI World ESG Equity.
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In 2019 Italgas was also included again by CDP in the Climate Change B list.
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Lastly, for the first time the Company received the E+ sustainability rating, with a stable outlook, from the non-financial rating agency Standard Ethics.
In 2019, Italgas produced an adjusted gross added value of 1,207 million euro (153 million more than in 2018).
A significant portion of this figure remained within the Company, mainly for amortization, depreciation and impairment (408 million euro).
The remaining 799 million euro were distributed to:
- Employees, as salaries, wages, severance pay and costs for services to staff
- Shareholders, as dividends
- Public Administration, for direct and indirect taxes and levies
- Lenders, for debt interest.