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

  u.m. 2022 2021 restarted 2021 2020
Revenue from sales and services  € Mln  749 601 1.232 974
EBITDA (adjusted)  € Mln 537 399 580 481
EBIT (adjusted) € Mln 308 198 304 183
Profit (reported) € Mln 89 86 174 110
of which attributable to the owners of the parent (reported) € Mln 85 84 173 108
Total net financial indebtedness (reported) (1) € Mln 1,592 2,266 2,181 1,540
Net invested capital (adjusted) € Mln 3,510 2,693 3,608 3,209
Investments (2) € Mln 946 317 648 156
Financial leverage (reported)   44% 59% 58% 47%


(1) Reported net financial debt includes debt related to the application of IFRS 16 (equal to approximately €157m 2022; €214m 2021 restated). The financial debt (adjusted) amounted to €1,434m 2022; €2,051m 2021 restated.
(2) Property, plant and equipment and intangible assets and investments in Merger & Acquisition operations. 
Total revenue in 2022 includes EUR 48 thousand in grants from Public Administration or the European Community for employee training. ERG Group does not donate to political parties.

ERG SHARES

  u.m. 2022 2021 restarted 2021 2020
Market capitalization € Mln 4,353 4,275 4,275 3,517
Year-end reference price € 28.96 28.44 28.44 23.40
Maximum price  € 36.04 31.72 31.72 23.70
Minimum price € 22.98 22.32 22.32 13.17
Average price € 30.13 26.11 26.11 20.05
Average volume no. 224,071 268,310 268,310 255,536

Maximum price recorded on 26 August 2022, lowest price recorded on 22 February 2022. 

CUSTOMERS

GRI G4_EU3

  u.m. 2022 2021 restarted 2021 2020
Industrial customers no. -  14 15 23
Intercompany customers no. -  15 16 27
Site customers no. -  -  9 10
Electricity and GO traders and wholesalers no. 55 52 52 41
Customers operating in the electricity system no. 20 22 22 21
Operation & Maintenance customers no. 11 10 10 11
Overall total no. 86 113 124 133

RECLASSIFICATION OF ADDED VALUE

GRI 202-1

  u.m.  2022 2021 restarted 2021 2020
Revenue € Mln 761 601 1,234 995
Economic value distributed € Mln (455) (382) (869) (705)
Production cost € Mln (141) (115) (388) (391)
Remuneration of personnel € Mln (62) (60) (84) (78)
Remuneration of public administration € Mln (82) (57) (93) (47)
Remuneration of debt capital  (1) € Mln (29) (35) (190) (72)
Remuneration of risk capital  (2) € Mln (139) (114) (114) (115)
Remuneration for the community Mln € (2) (1) (1) (2)
Economic value withheld by the Group € Mln 306 220 365 290
Amortisation and depreciation € Mln (229) (219) (276) (298)
Remuneration of the company  € Mln 77 1 90 (8)


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

  u.m.  2022 2021 restarted 2021 2020
Net value added € Mln 761 601 1,234 995
Production cost € Mln (141) (115) (388) (392)
Remuneration of personnel € Mln (62) (60) (84) (78)
Remuneration of public administration € Mln (82) (57) (93) (47)
Remuneration of debt capital € Mln (29) (35) (190) (72)
Remuneration for the community € Mln (2) (1) (1) (2)
Amortisation and depreciation € Mln (229) (219) (276) (298)
Profit before non-controlling interests € Mln 216 115 203 107
Profit attributable to non-controlling interests € Mln -  -  -  - 
Profit attributable to the owners of the parent € Mln 216 115 203 107

ERG GROUP’S PLANTS 

  Installed
capacity
in MW
at end of
2021		 Installed
capacity
in MW
at end of
2020		 Installed
capacity
in MW
at end of
2019		 Production
in GWh		 Plant
availability(1)		 Incentive
scheme
  2021 2020 2019 2021 2020 2019  
WIND
Italy  1,093 1,093 1,093   1,902 2,161 22% 20% 23% Feed-in tariff,
GRIN (former Green
Certificates),
GO (Guarantees of Origin)
Germany 327 272 272   470 465 17% 20% 20% Feed-in tariff
France 502 397 359   952 794 23% 27% 25% Feed-in tariff
Poland 82 82 82   244 255 30% 34% 36% Guarantees of Origin
Bulgaria 54 54 54   150 135 31% 32% 29% Feed-in tariff
Romania 70 70 70   193 190 30% 31% 31% Green
Certificates
United Kingdom 70 - -   - - - - - Green
Certificates (ROC)
Total Wind 2,198 1,968 1,929   3,911 4,000 26% 23% 24%  
 
WATER
ERG Hydro 527 527 527 1,637 1,097 1,229 95,60% 96.47% 97.64% GRIN (Green Certificates),
RES (renewable sources),
GO (Guarantees of Origin)
 
SUN
Italy 141 141 141 216 228 226 80,60% 81.30% 81.70% Feed-in Tariff
France 79 - - 24 - - - - -  
Total Sun 220 141 141 240 - - - - -  
 
Total renewable
sources		   2,636 2,597   5,236 5,455        
 
NATURAL GAS
ERG Power   480 480   2,441 2,504   64.71% 64.04% TEE
(energy efficiency
certificates) (2)
 
Total  3,425 3,116 3,078 7,662 7,677 7,959        
Electricity
purchases		       6,497 7,220 7,161        
Total electricity
sales		       14,160 14,897 15,120        


1 The value of plant availability is calculated as follows: - “load factor” for wind farms is the ratio between the actual production values in relation to the theoretical maximum production values (calculated taking into account the actual commissioning of each individual wind farm); - the “1st principle overall performance” index for the thermoelectric plant is calculated in accordance with the procedures laid down by Italian Ministerial Decree of 5 September 2011 (CAR).
2 ERG Power does not have any free CO2 allowances under the EU-ETS regulation.

SAFETY

 

Injuries in the workplace - GRI403-9 u.m. Men Women Total 2022 Men Women Total 2021 Restated Men Women Total 2021 Men Women Total 2020
Working days lost no. 213 - 213 22 - 22 - - 22 - - -
Number of injuries no. 2 - 2 2 - 2 - - - - - -
Hours worked no. 689,611 261,157 950,768 670,931 247,752 918,683 1,065,369 288,262 1,353,631 1,034,800 265,963 1,300,763
Frequency index (1)   2.9 - 2.1 3.0 - 2.2 1.9 - 1.5 - - -
Severity index (2)   0.3 - 0.2 0.0 - 0.0 0.0 - 0.0 - - -

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

 

Injuries in the workplace by third parties - GRI403-9 u.m. 2022 2021 Restated 2021 2020
third party companies lost days no. 155 136 194 176
third party companies number of injuries no. 6 3 4 4
third party companies hours worked no. 991,943 727,274 1,153,410 613,871
Frequency index – third party companies (1)   6.0 4.1 3.5 6.5
Severity index – third party companies (2)   0.2 0.2 0.2 0.3

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

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.
Wind farms and offices Italy: hours worked recorded manually or based on time stamps of access to sites.
Wind Farms abroad: the estimate of the hours worked, given the technical impossibility of recording the presence of the O&M contractors with global service agreements, is based on a hypothesis 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.

 

Total injuries in the workplace - GRI403-9 u.m. 2022 2021 Restated 2021 2020
Working days lost no. 368 158 216 176
Number of injuries no. 8 5 6 4
Hours worked no. 1.,942,711 1,645,957 2,507,041 1,914,634
Frequency index (1)   4.1 3,. 2.4 2.1
Severity index (2)   0.2 0.1 0.1 0.1

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

 

Field inspections/Audits - GRI403-9 u.m. 2022 2021 Restated 2021 2020
Field inspections on construction sites no. 574      
Field inspections on contractors no. 135      
Internal field inspections no. 474      
Total field inspections no.   1,169 1,348 795
Management system audits no. 25 19  19  25

 

 

Suppliers - GRI204-1 u.m. 2022 2021 Restated 2021 2020
Suppliers with at least 1 order in the year no. 1,625 1,731 1,731 1,685
Suppliers with at least 1 order in the year with registered office or
invoicing address in Italy		 no. 790 1,004 1,004 976
Suppliers with at least 1 order in the year with registered office or billing
address in the Italian regions of presence of our plants		 % 34% 35% 35% 35% 
% expenditure local suppliers (Italy/total) % 83% 49% 49% 48%
Number of qualified suppliers on vendor list no. 1,072 1,086 1,086 1,058
Number of suppliers on vendor list qualified according to environmental
parameters		 no. 336 334 334 256
Number of suppliers on vendor list qualified according to social
parameters		 no. 200 - - -
Number of newly qualified suppliers in the year no. 225 210 210 86
Number of newly qualified suppliers in the year qualified according to
environmental parameters		 no. 82 95 95 36
Number of newly qualified suppliers in the year qualified according to
social parameters		 no. 77 - - -
Average qualification time number of days no. 49 58 58 49
Value of tenders/total value of orders issued % 86% 72% 76% 50%
Number of tenders/total number of orders issued % 30% 21% 26% 26%

SUPPLIERS

    2021 2020 2019 2018 2017
Active suppliers (transactions with at least one order) no. 1,731 1,685 1,736 1,772 1,564
with registered offices or a billing address in Italy no. 58% 58% 63% 65% 71%
with registered offices or a billing address in the regions where our
plants are located		 no. 35% 35% 35% 34% 35%
% expenditure local suppliers (Italy/total)   49% 48% 61% 77% 74%
Qualified suppliers on Vendor List no. 1,086 1,058 997 990 920
of which: qualified based on HSE parameters no. 334 256 231 223 226
Newly qualified suppliers in the year no. 210 86 67 67 61
of which: newly qualified based on HSE parameters no. 95 36 31 36 31
Average qualification time days 58 49 41 59 103
% of tenders (of total value of purchases)   76% 50% 54% 53% 41%
% of tenders (of total number of purchases) 25% 29   26% 26% 25% 29% 31%