One of the ways in which sustainability applies to finance is the practice of socially responsible investing (SRI), according to environmental, social and/or governance considerations integrate the financial assessments carried out at the time the choice is made to buy or sell a security. SRI is implemented with the inclusion of listed companies on ethical indices.
The Group is currently listed in the following ESG indices:
In its first year, A2A has been included in the new MIB ESG Index launched by Euronext and Borsa Italiana. The Group immediately became part of the index which includes the best 40 companies selected on the basis of sustainability, corporate social responsibility and liquidity criteria. In line with the principles of the United Nations Global Compact, the MIB ESG Index of Euronext and Borsa Italiana combines the evaluation of economic performance with ESG-related impacts. The index is the first in Italy dedicated to "blue-chip" listed companies and aims to identify best practices at the ESG level.
Since 2018 A2A has also decided to request a "sollicited" rating from Standard Ethics, in order to obtain an external and independent assessment of its sustainability performance, based on a structured and validated assessment procedure. In 2021 Standard Ethics confirmed the previous "EE" rating and in March 2021 the outlook was raised from "stable" to "positive".
A2A is also included in the Ethibel Excellence Investment Register and in the Ethibel Pioneer Investment Register.
In addition, A2A participates in the assessments: Vigeo-Eiris, S&P Global, Sustainalytics, MSCI, "Top 100 Green Utilities" (of the Energy Intelligence Group), Gaïa Research, Refinitiv (assessment and focus on Diversity & Inclusion) and Corporate Knights.
ESG Assessments results
|FTSE4GOOD||Average score: 4.0/5|
|CDP||Climate Change: A-/A
Water Security: B-/A
|SUSTAINALYTICS||ESG Risk Rating: 21/40|
|VIGEO-EIRIS||Overall score: 63/100 – Advanced|
|STANDARD ETHICS||Rating: EE/EEE
|S&P Global (CSA)||Average score: 70/100|