MIB ESG
View
ESG issues
Environmental, Social and Governance (ESG) issues guide our long-term investments on the basis of our 2024-35 Business Plan.
All of our services and areas of business do, in fact, have a concrete impact on the daily life of all of us and on the future of new generations. Energy, water, the environment are fundamental to our purpose – that of being a Life Company – and are, at the same time, at the core of our pathway towards the ecological transition. This responsibility determines our growing commitment to integrating economic, social and environmental aspects into decision-making processes, and to making our results measurable. Moreover, by means of a structured process of materiality analysis, we are defining the contents – important for both the Group and for its stakeholders – which are to be accounted for.
- Material topics
- Highlights ESG
- ESG Indices and Ratings
- Policies
- Documents
Material topics
Analyzing the relevant themes for the Group and its stakeholders according to the principles of “double materiality”
In 2022, the Group set out to update the matrix in accordance with the new GRI standard and the logic of double materiality introduced by the EU Corporate Sustainability Reporting Directive (CSRD) from the European Union. The new directive, approved in November 2022, proposes a two-way method with which to assess corporate governance and how sustainability topics are managed: how these affect a company's financial performance and long-term value (incurred impacts) and what effects the company has on the society and on the surrounding environment (generated impacts).
Highlights ESG
ESG Indices and Ratings
Indices
One of the ways in which sustainability applies to finance is the practice of socially responsible investing (SRI), according to environmental, social and/or governance considerations integrate the financial assessments carried out at the time the choice is made to buy or sell a security.
SRI is implemented with the inclusion of listed companies on ethical indices.
The Group is currently listed in the following ESG indices.
A2A’s positioning
In 2021, we were included in the new MIB ESG Index Index launched by Euronext and Borsa Italiana. We thus immediately became part of an index that contains the top 40 Italian companies selected on the basis of criteria of sustainability, corporate social responsibility and liquidity. In line with the United Nations Global Compact principles, the Euronext and Borsa Italiana MIB ESG Index combines assessment of economic performance with ESG-related impacts. The index is the first in Italy dedicated to blue-chip listed companies and aims to identify best practices in terms of ESG
Starting in 2018, we also decided to request a solicited rating from Standard Ethics, so as to have an external and independent assessment of sustainability performance based on a systematic and validated procedure. In 2022, Standard Ethics confirmed our previous rating of EE+ and, in March 2021, our outlook rating was raised from "stable" to "positive".
We are also included in the Ethibel Excellence Investment Register and in the Ethibel Pioneer Investment Register and we participate in the following assessments: Vigeo-Eiris, S&P Global, Sustainalytics, MSCI, Top 100 Green Utilities (Energy Intelligence Group), Gaïa Research, Refinitiv (assessment and focus on Diversity & Inclusion) and Corporate Knights.
Ratings
3.8/5.0
FTSE4GOOD
A-/A
CDP Climate Change
B/A
CDP Water Security
20/40
SUSTAINALYTICS
ESG Risk Rating
Medium Risk band (score range 20-30)
61/100 – Advanced
VIGEO-EIRIS
A/AAA
MSCI
EE+/EEE
STANDARD ETHICS
Outlook: Positive
70/100
S&P Global (CSA)
B+/A+
REFINITIV
Policies
ESG policies are enablers of our sustainable development
The 2022 was characterized by the approval and the implementation of several ESG Policies, in order to steer and strengthen the sustainable development of the Group.
