According to rating agency Standard & Poor's Sustainable Finance analysts, the Emilian multi-utility Hera it is the fifth best in the world for attention to sustainability. Compliance with ESG policies for Hera had already been certified in 2020 with entry in the Dow Jones Sustainability Index, World and Europe in 2020, but now another authoritative recognition arrives. S&P Global Ratings has drafted the ESG Evaluation by Hera (it is the first report card of its kind for an Italian company), assigning a score of 81/100 which is worth entering the top 15 at an absolute level, fifth among utilities and in general well above the international average (68) and European (73), thanks above all to an excellent performance on governance criteria.
Among the most distinctive factors, the following were positively assessed: solid governance, characterized by a high level of independence and transparency; the demonstrated ability to anticipate change and a solid track record in setting and achieving goals; the skill in capitalize on the principles of the circular economy investing in technology and innovation with results above its peers; a long-term growth strategy anchored to sustainability principles (with the creation of shared value, in line with the objectives of the UN 2030 Agenda); the level of diversity thanks to a high percentage of women in managerial positions and the inclusive approach of local communities, through their constant engagement with targeted initiatives.
In particular, the Bolognese group, led by Stefano Venier, was assessed as "strongly prepared to implement its growth and development strategy, ready to face the potential risks deriving from the regulations of an economy that is moving towards the circular model, emissions, supporting the resilience of its well-diversified business model”.
