Our business model
Responsible governance, stakeholder engagement, risk management and accountability are fundamental elements of our activities and processes.
Representation of our value chain
Responsible governance, stakeholder engagement, risk management and accountability are fundamental elements of our activities and processes.
The challenges posed by the market environment
The strategic choices we have made in recent years have anticipated the approach of national and EU institutions towards the decarbonisation of consumption, the containment of greenhouse gas emissions, the achievement of climate objectives.
- In Europe, the 2022 REPowerEU Plan updated previously set targets on the penetration of renewable gases into the European energy mix. The new target is 35 billion cubic meters of biomethane and 20 million tons of hydrogen in energy supplies by 2030, respectively double and quadruple the target set in the “Fit for 55” Package (2021).
- With regard to Italy and Greece, in 2023 the two governments sent the European Commission the updated version of the PNIEC (National Integrated Energy and Climate Plan), the document that establishes the national objectives for 2030 in terms of energy efficiency, renewable sources and reduction of CO2 emissions, as well as those related to energy security and interconnections. In both documents, the role of distribution networks as renewable gas carriers is considered strategic and the importance of the development of CO2 capture and storage technologies is underlined.
In addition to these regulatory and regular factors, there are some essential socio-economic elements to define sustainability and value creation strategies, such as:
Our Capitals
To implement real economic, financial, environmental and social sustainability and be able to create quoted value, we have equipped ourselves with an integrated business model, capable of enhancing all the capital used in production processes to achieve strategic objectives and create value in the short, medium and long term for all our stakeholders.
We thus develop a virtuous circle, where the capital employed – tangible and intangible – is preserved and regenerated, generating positive impacts not only for our future, but also for that of the communities and territories in which we operate.
Our capital is divided into: natural, productive, intellectual, financial, human and relational.
Sustainability
We are convinced that in order to build the future it is necessary to generate positive impacts for the planet, people and the economic system. Our Sustainable Value Creation Plan represents an innovative model to respond to this challenge.