Our strategy for the future
Our commitment is to creating value to be shared, in a virtuous circularity, with all stakeholders. We want to have a positive impact on reality to preserve not only our future, but also that of the communities and territories where we operate.
We have developed and adopt an integrated business model that guarantees we will continue on our growth patch by creating value to share. A daily challenge in which – between 2022 and 2028 – we planned € 8.6 billion of investments.
In our 2022-2028 Strategic Plan, we have earmarked € 4.5 billion to the upgrade/repurposing of Italian distribution networks, the digitisation of assets/ processes, the development of low-carbon gas integration initiatives, and the methanisation process in Sardinia, with the completion of digital native networks.
Through our projects, we support the energy transition and the birth of a decarbonised economy to achieve the Net-Zero goals by 2050 as established by the European Union in the context of the Green Deal and the REPowerEU plan.
Strategic Plan 2022-2028
of investments
for network digitisation
The Strategic Plan hinges on ESG principles and responds to the challenges of sustainability by setting goals for 2028 and 2030, in terms of reducing Group and supply-chain emissions, reducing energy consumption, developing the skills of its people and harnessing resources to drive change and promote the values of diversity and inclusion.
Growth drivers | Consolidation and development of the gas infrastructure | New business opportunities | Development of the gas distribution infrastructure in Greece
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Actions and goals |
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Enabling factors
| People skills Through insourcing of core skills and the internal Academy | |||
Financial solidity and efficiency To maintain ratios within solid investment grade and ensure an adequate return for shareholders
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Value creation plan: builders of the future
Our business model allows us to develop a virtuous circle, capable of using capital to generate positive impacts and preserve not only our future, but also that of the communities and territories in which we operate.
We have therefore structured the 2022-2028 Sustainable Value Creation “Builders of the Future” Plan based on three pillars: Planet, People, Partnership (for a sustainable future together), corresponding to precise lines of action with clear commitments and measurable targets.
Title: Our business model
Factors of change and external context influence the capital the Group uses to create value in how it does business.
Italgas’ aim is to ensure that the activities, addressed by the Strategic Plan and the Sustainable Value Creation Plan, not only create economic value, but also generate virtuous short and medium-to-long-term impacts on tangible and intangible capital used in
production processes.
The Group’s commitment is therefore to ensure that actions have positive impacts on a wide range of issues that contribute to developing a “sustainable” society.
Builders of the Future
Capital
Our aim is to ensure that the activities, addressed by the Strategic Plan and the Sustainable Value Creation Plan, not only create economic value, but also generate virtuous short and medium-to-long-term impacts on tangible and intangible capital used in production processes.
- Natural gas, hydrogen, renewable gases
- Water
- Other natural and energy resources
- Financial solidity of the Group
- ESG credibility and access to credit at competitive rates
- Corporate physical assets: distribution networks and systems
- Digital infrastructure
- Shared values and goals within the Group
- Motivation and involvement of Italgas people
- Ability to innovate (R&D)
- Technical and digital knowledge
- Corporate culture and know-how
- Relationships with partners in the gas supply chain
- Relationships with trade associations, regulatory bodies, institutions and citizens
- Reputation and recognition of leading role in the distribution sector in Italy
The results of our actions
- Promotion of innovation and digital transition
- Reduction of energy consumption of the Group and of third parties
- Extensiveness and digitalisation of the distribution network
- Reduced leakage from the networks
- Distribution of renewable gases and GHG emissions' reduction
- Waste reduction
- Growth of knowledge within and outside the company
- Better results through the inclusion of diversity in terms of gender, age, abilities and education
- Employee satisfaction and engagement
- Respect for human rights
- Reduced work-related accidents
- Dissemination of good Sustainability practices along the entire supply chain
- Support for the communities and the territory
Medium-longterm impacts
- Increased supply chain resilience through the dissemination of the best Sustainability practices
- Mitigation of environmental impacts, protection of the ecosystems, support for the circularity EU goals
- Economic development of the Country
- Energy security of the Country
- Decarbonisation of the Country in keeping with EU goals
- Development of a culture orientated to the promotion of equal opportunities and women's empowerment
- Energy and digital literacy of the citizens in the service of the energy transition
- Generation of shared value for the stakeholders in the territory
- Development of a corporate culture that is healthy and inclusive, based on respect for human rights and designed to ensure the wellbeing of the workers
- Digitalisation, innovation, efficiency, safety and Sustainability of gas distribution infrastructure
- Safe and efficient access to energy for all
- Promotion of innovation in the service of energy transition