Hera Luce becomes a Benefit Company. The Shareholders' Meeting of the subsidiary of the Hera Group approved the transformation (pursuant to and by effect of Law No. 28 of 2015 December 208) with the amendment of article 3 of the Articles of Association, inserting the purpose of "operating responsibly , sustainable and transparent towards people, communities, territory and the environment, cultural and social assets and activities, bodies and associations and other stakeholders". By becoming a Benefit Company, in compliance with current legislation, the subsidiary will be required to annually prepare the report concerning the pursuit of the common benefit to be attached to the corporate financial statements, which will be made public on the website.
However, this is not a real revolution for Hera, the Bolognese multiutility explains in a note, but a further stage in the path undertaken by the Group already last year, when it introduced Bylaws, among the first in Italy, the concept of "corporate purpose", making explicit the objectives it aims to achieve in carrying out its business activity and thus reiterating its attention to sustainability.
The purposes of Hera Luce as a Benefit Company
Three purposes related to the themes of the environment, of efficiency e energy transition e of the circular economy which Hera Luce intends to pursue: contribute to the prosperity of the local communities in which the company operates through the design and implementation of sustainable, resilient and innovative models of urban development to approach interventions in cities (Hera Luce for smart circular city/land); pursuing carbon neutrality by acting through interventions aimed at energy efficiency and the energy transition towards renewable sources; guide the transition towards a circular economy model also through the measurement of circularity from a life cycle perspective.
Tomaso Tommasi of Vignano, executive chairman of the Hera Group: "The transformation of our subsidiary Hera Luce into a Benefit Company strengthens our Group's commitment to balanced and sustainable development through concrete and innovative projects for energy transition, the circular economy and technological evolution ”.
“A very important milestone that adds to the certification of the Material Circularity Report obtained at the beginning of the year – he explained Alexander Battistini, general manager of Hera Luce -. This choice represents a further step in concretely achieving the corporate sustainability model required by the market”.
