As a result, we have been included in some of the most important Sustainability indices that group together listed companies on the basis of ESG criteria: ECPI Global Clean Energy Equity Index; FTSE Environment Renewable and Alternative Energy Index; FTSE Environment Renewable and Alternative Energy 50 Index; Ethibel Excellence and Pioneer Investment Register 2019; 2019 Q1 Carbon Clean 200; Corporate Knights 2019 Global 100 Most Sustainable Corporations in the World Index.
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CDP increases to A- ERG's rating as a leader in the fight against climate change
ERG thus moves up the CDP scale positioning itself in the "Leadership" range, which includes all the companies that adopt best practices in the fight against Climate Change, in line with the Objectives defined by the COP21 in Paris, ranking above the European average (C rating) and the average for companies producing energy from renewable sources (B rating).
In particular, CDP has assigned to ERG the maximum score in the area of Governance and Risk Management and, more generally, has rewarded its ability to identify emissions reduction initiatives.
ERG also recently obtained confirmation of its "AA" rating on the part of MSCI, one of the leading research companies measuring corporate performance on the grounds of environmental, social and governance (ESG) factors, maintaining its position in the first quartile of top scoring companies.
The upgrade by CDP and the confirmation of MSCI's rating represent major recognitions of ERG's constant commitment to the fight against climate change, at the core of its business strategy and role in the energy transition process, and to the development of a sustainable growth model.
ERG leads Vigeo's world ranking with regard to Climate Change reporting Genoa,
The report considered 3,000 global companies and analysed how the same have integrated the assessment of financial risk and opportunities generated by the climate change phenomenon within their respective governance processes, business strategy and risk management models.
The reporting in question, prepared based on TCFD (Task Force on Climate-related Financial Disclosures) guidelines, is intended to promote greater transparency vis-à-vis the market and generally towards all stakeholders insofar as concerns the risks associated with climate change.
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Vigeo affirms ERG's Advanced rating
This affirmation reflects above all ERG's fight against climate change - at the core of its business strategy - and the leading role played in the energy transition process, its governance, its risk analysis system, as well as several elements related to the area of Human Capital.
The affirmation of this rating is a further acknowledgement of the value of the strategy adopted by the company, which has always deemed sustainability to be a central element of its business model, and comes in addition to other major recognitions achieved. ERG was recently included in the SE European Utilities Index, issued by Standard Ethics, which groups the top 30 European utilities committed to sustainability and energy transition. The company also ranked 35th place in the Corporate Knights Global 100 Most Sustainable Corporations in the World Index and was assigned an AA rating from MSCI, thanks to the major steps achieved in the path towards decarbonisation.
ERG's presence was also confirmed for the third consecutive year in the Ethibel Excellence Investment Register, which selects companies whose CSR performance exceeds the respective sector average, together with its inclusion in the Ethibel Pioneer Register, which lists the leading ESG companies within each industry. Lastly, ERG is also part of CDP – Climate Change with a B rating and is included in the ECPI "Global Clean Energy" index, comprising the 40 companies with the highest ESG ratings, active in the production and trading of energy from renewable sources.
MSCI promotes ERG, assigning an "AA" rating
Genoa, 22 January 2020 - ERG S.p.A. has been promoted to an "AA" rating, compared to the "A" assigned in 2018, by MSCI ESG Research Ltd. ("MSCI"), one of the leading research companies measuring companies' performance on the grounds of environmental, social and governance (ESG) factors.
The double "A" assigned to ERG by MSCI reflects above all the Group's significant growth in the renewable energy sector, which has taken the company to become one of the top ten private European RES-E operators with more than 3GW of installed capacity, and its commitment to achieve, by the end of 2022, a 15% reduction in the carbon index of its output compared to 2018.
Alongside this important recognition is the 35th place achieved in the "Corporate Knights Global 100 Most Sustainable Corporations in the World Index", published by the Canadian company Corporate Knights. In the ranking, which considers 7,395 listed companies with a turnover of more than one billion dollars, ERG for the second year running was placed among the Top 50.
The rating initially analyses four parameters (sustainability reporting, financial soundness, category of products sold and financial sanctions incurred) and, subsequently, a further 21 indicators, specific to each industry, pertaining to the management of natural resources, personnel, clean revenues and supplier performance. The analysis, which has now reached its 16th edition, shows that sustainable businesses tend to have a longer life and offer investors better services with respect to counterpart companies.
Lastly, the CDP - Climate Change rating, promoted by the Carbon Disclosure Project, which assesses both quantitative and qualitative information and data on the strategies adopted in combatting climate change, confirmed ERG's "B" rating. Luca Bettonte, Chief Executive Officer of ERG, commented: "The ratings received recognise our constant commitment to pursuing the ESG objectives defined in the Business Plan, with special reference to the fight against climate change. They also reward the validity of our strategy which has always considered sustainability to be a key factor for the Group's value creation."
ERG confirmed among the top 40 companies with the highest ESG ratings
ECPI, a leading research, ratings and sustainability index company operating in the field of sustainable investments since 2001, has named ERG on the "ECPI Global Clean Energy" index, placing us "among the top 40 companies with the highest ESG ratings active in the production and trading of renewable energy."
The ECPI's ESG indices are highly important and are followed closely by leading Socially Responsible Investors (SRIs), responding to the needs of an investment market focused on sustainability, a sector currently experiencing continuous and fast growth. Our presence on the "ECPI Global Clean Energy" index is of crucial importance to increasing our visibility on the radar of investors who base their decisions on stringent ESG criteria and represents yet another confirmation of the validity of our strategic approach.
Gaia Rating and Ethibel reward ERG's Sustainability. Choice of "responsible" values also supported by financial performance
Genoa, 16 October 2019 – Period of confirmations for ERG in terms of policies and performance associated with sustainability, by virtue of which several rating agencies continue to place it among the top quartiles of their rankings.
Gaia Rating, part of the Ethifinance group, has assigned to ERG its rating for the year 2019 (score of 78/100), confirming the trend previously recorded in the 2016 and 2017 assessments which indicated a continuous improvement in terms of position. ERG ranked well above the average for the panel grouping the best 230 companies subject to rating both at overall level, with regard to the same macro-sector (energy), micro-sector (renewables) and turnover category (>500 million Euro), and in each of the specific assessment areas (Governance, Social, Environment, External stakeholders).
ERG's presence for the third consecutive year in the "Ethibel Excellence Investment Register" has also been confirmed, together with its inclusion in the prestigious "Ethibel Pioneer Register", which select companies, respectively, whose CSR performance exceeds the sector average and who are leaders in their industry as regards ESG (Environmental, Social and Governance) activities. The rating is assigned based on an assessment process that measures all ESG indicators, also consulting major stakeholders of the company, in order for the latter to be considered eligible on the part of ethical or sustainable investors.
During 2019, ERG also achieved:
· a B Rating from the Climate Change Programme promoted by the Carbon Disclosure Project (CDP)
· eligibility as member of the ECPI Global Clean Energy Index
· an A Rating from MSCI ESG Research
· 16th place, with top position among the Italian companies, in the "Corporate Knights Global 100 Most Sustainable Corporations in the World Index".