ESG indices and ratings

ESG indices and ratings

We dialogue with the financial community to improve our ESG performance and generate long-term value.

As part of this process, we make it a priority to engage in constructive dialogue with stakeholders interested in our ESG actions, and we firmly integrate the governance of these issues into our strategic management.

The financial community is increasingly sensitive to environmental, social and ethical issues. Socially responsible investors make their investment decisions based not only on financial data, but also on non-financial assessments of sustainability or Environmental, Social and Governance (ESG) performance.
Specialised rating agencies also carry out in-depth analyses of the soundness of company profiles and in particular their sustainability, issuing an overall judgement, known as an ESG rating, and providing useful tools for defining sustainable investment strategies.

Over the past few years, our commitment and actions have been recognised by the financial community, which has positively assessed our environmental, social and governance achievements.

ESG indices


Since 2017, Italgas stock has been included in the FTSE4Good index series, which positively assessed the group’s responses to the rigorous criteria of the independent FTSE methodology in the Environmental, Social and Governance (ESG) area.
Created by global index provider FTSE Russell, the FTSE4Good Index assesses the performance of companies that demonstrate sound ESG (Environmental, Social and Governance) practices. The FTSE4Good indices are used by a wide variety of market participants to create and evaluate responsible investments.

Dow Jones Sustainability Index

In 2019, Italgas’ stock was included in the Dow Jones Sustainability Index World for the first time in its history.
Italgas is the only Italian utility in the gas distribution sector included in the DJSI World and the third in the world.
Inclusion in the DJSI World was confirmed for the second consecutive year in 2020, with a rating of 82 points, and the company’s progress in Supply Chain Management and Environmental Reporting was recognised.
The index series, jointly created by S&P Dow Jones Indices and SAM, tracks the stock performance of the world’s leading companies in terms of economic, environmental and social criteria.


Italgas stock has been included in the MSCI Italy Small Cap Index since January 2017. In 2021 Italgas received an A rating in the MSCI ESG Ratings assessment.
The MSCI Global Sustainability indexes include the companies with a high sustainability rating among those of the relevant sector. Italgas shares are included in several MSCI indices, including the Sustainability Indexes and the MSCI Italy Small Cap Index.

ESG rating


The Italgas share has been confirmed in the ECPI Euro ESG Equity and ECPI World ESG Equity indices.
ECPI focuses on the ESG (Environmental, Social, and Governance) performance indicators which determine the sustainability profile of an issuer. ECPI uses an objective, industry-specific approach to analysing ESG data with the aim of translating largely qualitative information into quantitative indicators and assigning each issuer a score and rating.

CDP – Carbon Disclosure Project

Italgas has been confirmed by CDP (Carbon Disclosure Project) as one of the leading companies at international level for the strategies and actions implemented to combat climate change.
CDP (Carbon Disclosure Project) is an independent non-profit organisation that provides companies, countries, regions and cities with a way to measure, track, manage and share information about their environmental impact globally, with the aim of encouraging them to take mitigation action. In 2020 it maintained its inclusion in the ‘Climate change B List’, above the European average of ‘C’.

Standard Ethics

Italgas received the E+ sustainability rating, with a stable outlook, from the non-financial rating agency Standard Ethics in 2020. The Standard Ethics Rating is an assessment of the level of compliance of companies and nations with the principles of sustainability and governance that come from the European Union, OECD and United Nations.

ISS ESG Corporate Rating

n 2020, the rating agency ISS – Institutional Shareholder Services – assigned a score of A- to Italgas as part of the ISS ESG Corporate Rating. The analysis focuses on companies’ management of ESG issues, based on various criteria, most of which are specific to the sector they belong to; Italgas has thus obtained both the ‘Prime’ rating and the QualityScore recognition for the ‘Social’ section, proving to be a leader in its sector in terms of sustainability performance.

The Strategic Plan 2019-2026

We integrate business and sustainability to grow responsibly in the long term.

Objectives and actions

We create value for our stakeholders through sustainability goals and ambitious projects.


We manage sustainability through sound and transparent Group governance. 

Last update: