2020-2024 industrial capex: 4.3 billion Euro, including 2.1 billon Euro dedicated to sustainability targets
Our business plan provides for a substantial increase in infrastructural investments, with close attention to the communities in which we operate, technological innovation, operating efficiency and sustainability.
Our 2020-2024 Business Plan, approved in October 2020, confirms the growth path undertaken and envisages more challenging economic goals and business objectives and a further growth in investments, to reach 4.7 billion Euro by 2024.
2020-2024 industrial capex: 4.3 billion Euro, including 2.1 billon Euro dedicated to sustainability targets
During the last few years, we have managed to both exceed the established targets and pursue growth, combining sustainability with the creation of value over time for all our stakeholders and for the Italian economy.
The new 2020-2024 business plan, which reflects material continuity with respect to the previous one, introduces significant new factors, in line with the megatrends that are changing the dynamics of the reference utility markets. In particular, we are targeting growth in electricity generation from renewable (photovoltaic) sources and in electric mobility, with a view to effectively contributing more and more to the energy transition and decarbonisation.
The following elements are reflected in the acronym GRIDS, Acea’s model summarising the actionable levers that it aims to achieve:
Find out more about our economic-financial and business objectives
Innovation in Acea
Scientific and technological innovation, allowing us to improve industrial processes and customer services, constitutes one of our strategic pillars. Acea’s Technology & Solutions department has the task of ensuring a Group innovation model, via the adoption of processes and approaches typical of open innovation, with the involvement of internal and external reference stakeholders. An Innovation Board has also been activated, comprising innovation contact people pertaining to the business areas, which defines and implements, in a shared manner, the group’s innovation strategy. Innovation therefore permeates our culture.
The business plan and the sustainability plan are tangible evidence of two processes that were once separate, but which now follow a common path and logic. The objectives of the two plans are fully consistent and promote a vision of industrial development that takes account of sustainability issues and stakeholder expectations. Investments totalling over 2 billion Euro are associated with sustainability targets during the business plan time frame.
