Sustainability rating

In 2024, independent agency Standard Ethics has confirmed Acea’s “EE+” Corporate Standard Ethics Rating.
According to the rating agency, in its industrial planning the Acea Group’s sustainability strategy integrates and updates the international guidelines on environmental, social and governance issues also with investments aimed at European transition-related strategy objectives towards a “net zero” economy. The “EE+” rating, which corresponds to a “Very strong” evaluation, also reflects Acea’s approach to sustainable finance, considered to be adequately structured. The new ESG 2024-2028 plan targets are coherent, the standard non-financial reporting is aligned to sector best practices and the ESG Risk Management and monitoring systems have undergone additional implementations. The long-term outlook, the evaluation body concludes, remains positive.
The agency’s evaluation is based on corporate governance, environmental and social aspects and measures the level of compliance with EU, OECD and United Nations recommendations.

In the assessment carried out by the French ESG agency GAIA rating (EthiFinance group), Acea achieved a score of 64/100, essentially in line with a year earlier (62/100). The scores achieved in 2023 as regards the 4 assessment areas were as follows: Governance 76/100, Social 73/100, Environment 90/100, External Stakeholders 80/100. The comparison with the other 50 utility companies considered by the analyst shows Acea to be in line with the benchmark.
The Gaia rating evaluation process is based on the public documents provided by companies as well as direct dialogue with the same; during both of these phases the agency performs data consistency and soundness checks.