Our sustainability performance represents a concrete and measurable expression of our strategic actions, enabling us to identify areas for improvement with a view to continuous growth.

Our sustainability strategy is expressed in priorities and concrete actions, which we monitor and check in our sustainability report through the use of precise data and indicators. 
This enables us to establish a trusting and transparent relationship with our stakeholders, aiming to improve and grow together.

ECONOMIC AND FINANCIAL RESULTS

    2020 2019 2018 2017 restated
Core business revenue million EUR 974 1,022 1,027 1,048
EBITDA (restated)  million EUR 481 504 491 472
EBIT (restated)  million EUR 183 205 216 220
Net Profit million EUR 110 33 133 108
of which attributable to the owners of the parent million EUR 108 32 133 108
Profit att. to the owners of the parent at replacement cost (1) million EUR 106 104 107 117
Total net financial indebtedness  million EUR 1,540 1,554 1,343 1,233
Net invested capital million EUR 3,209 3,340 3,172 3,110
Investments  (2) million EUR 156 432 510 94
Financial leverage   47% 47% 42% 40%

(1) Does not include inventory gains (losses) of TotalErg, non-recurring items and related applicable theoretical taxes.
(2) Property, plant and equipment and intangible assets and investments in Merger & Acquisition operations.

Total revenues in 2019 includes EUR 93 thousand in grants from Public Administration or the European Community for employee training. ERG Group does not donate to political parties

ERG SHARES

    2020 2019 2018 2017
Market capitalization million EUR 3,517 2,889 2,480 2,315
Year-end reference price EUR 23.4 18.50 16.50 15.40
Maximum price  EUR 23.7 20.18 20.34 16.50
Minimum price EUR 13.17 15.69 15.08 9.96
Average price EUR 20.05 17.73 17.78 12.62
Average volume no. 255,536 256,639 304,159 249,533

Maximum price recorded on 29/11/2019, lowest price recorded on 25/03/2019. 

RECLASSIFICATION OF ADDED VALUE

Current amount (EUR million) 2020 2019 2018 2017
Revenue 995 1,035 1,050 1,065
Economic value distributed (705) (744) (795) (746)
Production costs (391) (383) (426) (450)
Remuneration of personnel (78) (81) (80) (79)
Remuneration of public administration (47) (57) (54) (51)
Remuneration of debt capital (1) (72) (107) (105) (89)
Remuneration of risk capital (2) (115) (112) (128) (75)
Remuneration for the community (2) (3) (2) (2)
Economic value withheld by the Group 290 291 255 319
Amortisation and depreciation 298 299 275 252
Remuneration of the company (8) (8) (21) 67

(1) Interest paid and other financial expenses to service debt.
(2) Dividends distributed by the Group net of extraordinary disbursements.

 

Current amount (EUR million) 2020 2019 2018 2017
Net value added 995 1,035 1,050 1,065
Production costs (392) (383) (426) (450)
Remuneration of personnel (78) (81) (80) (79)
Remuneration of public administration (47) (57) (54) (51)
Remuneration of debt capital (72) (107) (105) (89)
Remuneration for the community (2) (3) (2) (2)
Amortisation and depreciation (298) (299) (275) (252)
Profit before non-controlling interests 107 105 108 142
Profit attributable to non-controlling interests - - - -
Profit attributable to the parent 107 105 108 142

 

Tax Country by Country

  Italy Germany France
i. Names of the resident entities Refer to the Management Report
Full consolidation area
ii. Primary activities of the organization Production of electricity from renewable sources (Wind, Solar, Hydroelectric) and
Thermoelectric		 Production of electricity from
renewable sources
- Wind		 Production of
electricity from
renewable sources
- Wind
iii. Number of employees, and the basis
of calculation of this number		 685 26 61
iv. Revenues from third-party sales 799 45 86
v. Revenues from intra-group transactions with other tax jurisdictions 1 - -
vi. Profit/loss before tax 108 (13) 3
vii. Tangible assets other than cash and cash equivalents 1,464 177 250
viii. Corporate income tax paid on a cash basis (1) 20.5 1.1 3.3
ix. Corporate income tax accrued on profit/loss 35.3 (0.1) 4.0
x. Reasons for the difference between corporate income tax accrued on profit/loss and the tax due if the statutory tax rate is applied to profit/loss before tax.

The difference between the taxes accrued and the theoretical taxes is due to the “ACE” benefit (Economic
growth aid) and to the deduction of interest expenses accrued in previous years in application of Italian
tax legislation.

 no significant
differences
to report		 no significant
differences
to report


 

  UK Poland Bulgaria Romania
i. Names of the resident entities Refer to the Management Report
Full consolidation area
ii. Primary activities of the organization Production of electricity from
renewable sources - Wind		 Production of electricity from
renewable sources
- Wind		 Production of
electricity from
renewable sources
- Wind		 Production of electricity from
renewable sources
- Wind
iii. Number of employees, and the basis
of calculation of this number		 3 5 1 3
iv. Revenues from third-party sales - 19 13 13
v. Revenues from intra-group transactions with other tax jurisdictions - - - -
vi. Profit/loss before tax (1) 5 4 1
vii. Tangible assets other than cash and cash equivalents 76 96 35 61
viii. Corporate income tax paid on a cash basis (1) - 0.3 0.2 -
ix. Corporate income tax accrued on profit/loss 0.5 0.1 0.4 -
x. Reasons for the difference between corporate income tax accrued on profit/loss and the tax due if the statutory tax rate is applied to profit/loss before tax.

no significant
differences
to report

 no significant
differences
to report		 no significant
differences
to report		 no significant
differences
to report


1 The item income taxes of companies paid on the basis of the cash criterion does not include the withholding taxes suffered. The total amount considering these withholdings would be approximately 34 million.

ERG GROUP’S PLANTS 

  Installed
capacity
in MW
at end of
2020		 Installed
capacity
in MW
at end of
2019		 Installed
capacity
in MW
at end of
2018		 Production
in GWh		 Plant
availability (1)		 Incentive
scheme
  2020 2019 2018 2020 2019 2018  
WIND
Italy  1,093 1,093 1,093 1,902 2,161 2,012 20% 23% 21% Feed-in tariff,
GRIN (former Green
Certificates),
GO (Guarantees of Origin)
Germany 272 272 216 470 465 337 20% 20% 20% Feed-in tariff
France 397 359 307 952 794 552 27% 25% 23% Feed-in tariff
Poland 82 82 82 244 255 219 34% 36% 31% Guarantees of Origin
Bulgaria 54 54 54 150 135 138 32% 29% 29% Feed-in tariff
Romania 70 70 70 193 190 176 31% 31% 29% Green
Certificates
United Kingdom - - - - - 29 - - - Green
Certificates (ROC)
Total Wind 1,968 1,929 1,822 3,911 4,000 3,464 23% 24% 22%  
 
WATER
ERG Hydro 527 527 527 1,097 1,229 1,740 96.47% 97.64% 97.87% GRIN (Green Certificates),
RES (renewable sources),
GO (Guarantees of Origin)
 
SUN
Italy 141 141 90 228 226 130 81.30% 81.70% 79.10% Feed-in Tariff
 
Total renewable
sources		 2,636 2,597 2,439 5,236 5,455 5,334        
 
NATURAL GAS
ERG Power 480 480 480 2,441 2,504 2,151 64.71% 64.04% 64.80 TEE
(energy efficiency
certificates) (2)
 
Total electricity
production		 3,116 3,078 2,919 7,677 7,959 7,485        
Electricity
purchases		       7,220 7,161 6,143        
Total electricity
sales		       14,897 15,120 13,627        


1 Il valore della disponibilità degli impianti viene calcolata nel modo seguente:
- “load factor” per gli impianti eolici rappresenta il rapporto tra la produzione effettiva rispetto alla produzione massima teorica (calcolata tenendo conto della effettiva entrata in esercizio di ogni singolo parco eolico);
- il “rendimento globale di 1° principio” per l’impianto termoelettrico è calcolato in accordo con le procedure previste dal D.M. 5/9/2011 (CAR).
2 ERG Power non gode di allocazioni gratuite di quote CO2 ai sensi del regolamento EU-ETS.

Injuries in the workplace (NO.) Men Women Total 2020 Men Women Total 2019 Total 2018 Total 2017 Total 2016
Italy - - - 1 - 1 4 4 2
Abroad - - - 3 - 3 - 2 -
Total - - - 4 - 4 4 6 2

 

Frequency Index Men Women Total 2020 Men Women Total 2019 Total 2018 Total 2017 Total 2016
Italy - - - 1.10 - 0.89 3.61 3.53 n.d.
Abroad - - - 31.13 - 22.41 - 20.03 n.d.
Total - - - 3.97 - 3.17 3.25 4.87 1.74

Frequency index calculated as (no. of injuries x 1,000,000)/no. hours worked 

Severity Index  Men Women Total 2019 Total 2018 Total 2017 Total 2016
Italy 0.04 - 0.03 0.16 0.24 n.d.
Abroad 1.43 - 1.03 - 0.24 n.d.
Total 0.17 - 0.14 0,15 0.2 1.74

Severity index calculated as (no. of days lost x 1,000)/no. hours worked 

Other safety indicators Men Women Total 2019 Total 2018 Total 2017 Total 2016
Sick leave rate (%) 2.0% 2.2% 2.0% 2.2% (1)1.6% 1.9%
Working days lost due to injuries in the workplace ( no.)  175 - 175 182 300 40
Cases of occupational disease (no.) - - - - - -
Rate of occupational disease (%) - -   - - -
Work-related deaths (no.) - -   - - -

* The safety indicators do not count the "other external collaborators".
(1) Sick leave rate refers to Italian employees only (no. of days absence /workable days).

Audit HSE e Safety Walks   2019 2018 2017
Wind no. 368 237 554
Solar no. 29 33 n.a.
Hydro no. 58 87 51
Power no. 116 86 53

 

Third-party Company injuries    2020 2019 2018 2017
Third-party company injuries no. 4 2 2 4
Frequency index – third-party companies - Total   6.52 3.67  4.26  7.28
Frequency index – third-party companies - Italy   8.17 2.40 5.19 2.47
Frequency index – third-party companies - Abroad   4.05 7.80 - 20.67
Severity index – third-party companies - Total   0.29 0.17 0.15 0.05
Severity index – third-party companies - Italy   0.47 0.20 0.19 0.06
Severity index – third-party companies - Abroad   0.02 0.08 - 0.03

Frequency index calculated as (no. of injuries x 1,000,000)/no. hours worked
Severity index calculated as (no. of days lost x 1.000)/no. hours worked.
METHOD FOR ESTIMATING HOURS WORKED - THIRD-PARTY COMPANIES The hours worked by the employees of third-party companies have been estimated differently according to the technology involved. Hydro, Power, Wind plants Italy and Office: manual recording of the hours worked.
Wind plants abroad: estimated hours worked, given the technical impossibility of recording the presence of O&M contractors with global service agreements, is based on the assumption that one FTE can service 15 MW, multiplied by workable days (260) and by 8 hours.
Plants under construction in the UK: hours recorded according to site report.
METHOD FOR CALCULATING DAYS LOST DUE TO INJURIES - THIRD-PARTY COMPANIES
Report sent by the company of the injured worker.

SUPPLIERS

    2020 2019 2018 2017
Active suppliers (transactions with at least one order) no. 1,685 1,736 1,772 1,564
with registered offices or a billing address in Italy no. 58% 63% 65% 71%
with registered offices or a billing address in the regions where our
plants are located		 no. 35% 35% 34% 35%
% expenditure local suppliers (Italy/total)   48% 61% 77% 74%
Qualified suppliers on Vendor List no. 1,058 997 990 920
of which: qualified based on HSE parameters no. 256 231 223 226
Newly qualified suppliers in the year no. 86 67 67 61
of which: newly qualified based on HSE parameters no. 36 31 36 31
Average qualification time days 49 41 59 103
% of tenders (of total value of purchases)   50% 54% 53% 41%
% of tenders (of total number of purchases) 25% 29   26% 25% 29% 31%