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ERG achieved a B rating from the Climate Change programme promoted by the Carbon Disclosure Project (CDP), the international not-for-profit organisation set up to gather and disseminate quantitative and qualitative information and data regarding the strategies used by firms to combat "climate change". The rating assigned exceeds both the average achieved by the Utilities sector (C rating), and the average insofar as concerns the region of Europe (B- rating).
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The inclusion of ERG in the ECPI Global Clean Energy Index, which selects the 80 top publicly-listed companies in developed countries, active in the production and trading of renewable energy, which satisfy ESG (Environmental, Social and Governance) criteria, has also been confirmed.
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ERG has also executed two Environmental Social Governance loans for a total of 240 million Euro (see Press Release dated 20/11/2018), reflecting the recognition and value attributed also by the financial market to the Group's ESG positioning.
Luca Bettonte, Chief Executive Officer of ERG, commented: "These recognitions highlight the social and environmental importance of ERG's industrial transformation from Oil company to leading European producer of energy from Renewable Sources, in accordance with the global decarbonisation process underway, and confirm the validity of its business model in terms of sustainability and competence for meeting the new challenges of energy transition. We are extremely proud of the results achieved."