The journey we’ve embarked on to consolidate the integration of sustainability within our business involved making specific commitments as well as the definition and the periodical updating of interconnected monitoring tools:
- the Framework;
- the Policy;
- the Sustainability Plan.
Sustainability Framework
The Sustainability Framework in line with the Corporate Mission and Values is consistent with the material topics and reference SDGs:
- highlights the prerequisites, i.e. the aspects considered essential to ensure responsible business management;
- illustrates the four priority lines of actions from which the commitments which are intended for the four interconnected ecosystems with which our Group deals in the exercise of its activities;
- evokes the contribution that our Group, through concrete actions, intends to make with respect to the achievement of some of the 17 Sustainable Development Goals (SDGs), promoted by the United Nations;
- finally, it refers to the development paths linked to the Strategic Plan.
Sustainability Policy
The Sustainability Policy, based on the Framework, is a document designed to provide a guidance on business decisions with a view to sustainability while ensuring responsible business management. This tool, therefore, provides an overview of the aspects relevant to our Group from an environmental, social and management (ESG) point of view, guiding its commitments with respect to prerequisites and material topics.
Sustainability Plan
To track and annually report our performances on these topics, while valuating the progress from time to time achieved , we’ve established a Sustainability Plan. This document serves as a blueprint for the projects that our Group has set out and intends to undertake, with a multi-year approach and, thereafter, by emphasising the growing synergy between ESG topics and strategic planning. The Plan sets out qualitative and quantitative short-term and long-term goals to be achieved by implementing concrete and measurable initiatives through specific KPI and according to specific pre-established targets. Through its gradual implementation, our Group endeavours to fulfil the commitments and implementation principles outlined in the Sustainability Policy. Specifically, we aspire to contribute to the attainment of select Sustainable Development Goals (SDGs) deemed pertinent to our business and aligned with our strategic directives.
The Sustainability Plan undergoes annual review, a process initiated following the completion of the Materiality Analysis update and the conclusion of periodic monitoring of objectives and planned projects, consolidated as of December 31 of the preceding year and documented in the NFD. The first edition of the Sustainability Plan for the four-year period 2020-2023 was approved by the 2i Rete Gas S.p.A. Board of Directors in March 2020. The Plan was subsequently reviewed in 2021, 2022, 2023 and 2024. From a performance standpoint, as of December 31, 2023, the overall progress of the Plan over the four-year period reached 52%, culminating in a consolidated completion rate of 95% for the initiatives designated for 2023.