The criteria adopted for the calculation of KPIs are as follows:
- turnover – the proportion (%) is calculated as the part of the net turnover associated with Taxonomy-eligible activities (numerator) divided by the net turnover (in accordance with IAS 1, point 82, letter a) (denominator);
- operating expenditure (OpEx) – the proportion (%) is calculated as the part of operating expenditure related to Taxonomy-eligible activities – including training and other human resources adaptation needs, and direct non-capitalised costs that present research and development – (numerator) divided by direct non-capitalised costs that relate to research and development, building renovation measures, short-term lease, maintenance and repair, and any other direct expenditures relating to the day-to-day serving of assets of property, plant and equipment by the company or by third party outsourcee that are necessary to ensure the continued and effective functioning of such assets (denominator);
- capital expenditure (CapEx)– the proportion (%) is calculated as the part of capital expenditure related to Taxonomy- eligible activities (numerator) divided by additions to tangible and intangible assets during the financial year considered before depreciation, amortisation and any re-measurements, including those resulting from revaluations and impairments, for the relevant financial year and excluding value changes (denominator). The denominator also covers additions to tangible and intangible assets resulting from business combinations. Specifically, CapEx cover costs that are accounted based on: IAS 16 Property, Plant and Equipment, paragraph 73 (e), points i) and iii); IAS 38 Intangible Assets, paragraph 118 (e), point i); IAS 40 Investment Property, paragraphs 76 (a) and 79 (d), points i) and ii); IFRS 16 Leaseing, paragraph 53 (h).
The values analysed refer only to items with third parties; therefore, items between Group companies are excluded, in order to avoid double counting in the calculation of KPIs. In addition, the effects of IFRIC 12 on expenditures (amounting to 225,846,040 Euro) have been neutralised, in particular regarding the integrated water service concession.
The following table shows the business areas of Iren Group to which the Taxonomy-eligible activities relate (for each activity, the relative numerical code indicated by EU Delegated Regulation 2021/2139 is reported).
|
Areas of business of Iren Group and Taxonomy-eligible activities
|
Turnover |
OpEx |
CapEx |
|||
|---|---|---|---|---|---|---|
| € | % | € | % | € | % | |
|
Energy production from renewable sources and storage |
||||||
|
4.1 Electricity generation using solar photovoltaic technology 4.5 Electricity generation from hydropower 4.8 Electricity generation from bioenergy 4.10 Storage of electricity 4.11 Storage of thermal energy |
125,062,248 |
2.6% |
14,321,009 |
1.6% |
22,184,421 |
2.6% |
|
Energy networks |
||||||
|
4.9 Transmission and distribution of electricity 4.14 Transmission and distribution networks for renewable and low-carbon gases1 4.15 District heating/cooling distribution |
403,005,400 |
8.5% |
20,920,233 |
2.3% |
144,566,822 |
16.8% |
|
Integrated water service |
||||||
|
5.1 Construction, extension and operation of water collection, treatment and supply systems 5.2 Renewal of water collection, treatment and supply systems 5.3 Construction, extension and operation of wastewater 5.4 Renewal of wastewater collection and treatment 5.6 Anaerobic digestion of sewage sludge |
426,458,031 |
9.0% |
95,326,729 |
10.7% |
191,404,545 |
22.3% |
|
Waste collection and treatment |
||||||
|
5.5 Collection and transport of non-hazardous waste in source segregated fractions2 5.7 Anaerobic digestion of bio-waste 5.8 Composting of bio-waste 5.9 Material recovery from non-hazardous waste 5.10 Landfill gas capture and utilisation |
298,363,196 |
6.3% |
185,189,269 |
20.7% |
122,546,444 |
14.3% |
|
Smart solutions: e-mobility and energy efficiency |
||||||
|
6.3 Urban and suburban transport, road passenger transport 6.4 Operation of personal mobility devices, cycle-logistics 6.5 Transportat by motorbikes, passenger cars and light commercial vehicles3 6.15 Infrastructure enabling low-carbon road and public transport 7.1 Construction of new buildings 7.2 Renovation of existing buildings 7.3 Installation, maintenance and repair of energy efficiency equipments 7.4 Installation, maintenance and repair of charging stations for electric vehicles in buildings (and in parking spaces attached to buildings) 7.5 Installation, maintenance and repair of instruments and devices for measuring, regulation and controlling the energy performance of buildings 7.6 Installation, maintenance and repair of renewable energy technologies 9.3 Professional services related to the energy performance of buildings |
197,228,246 |
4.2% |
156,623,027 |
17.5% |
22,422,285 |
2.6% |
|
Internal services 8.1 Data processing, hosting and related activities4 |
0 |
0.0% |
0 |
0.0% |
5,265,217 |
0.6% |
|
Eligible Activities [A] |
1,450,117,121 |
30.7% |
472,380,267 |
52.9% |
508,389,734 |
59.2% |
|
Non-eligible Activities [B] |
3,279,908,846 |
69.3% |
421,119,303 |
47.1% |
349,665,566 |
40.8% |
|
Total [A+B] |
4,730,025,967 |
100.0% |
893,499,570 |
100.0% |
858,055,300 |
100.0% |
1 The turnover related only to the retrofit activity of the portion (equal to approximately 4.5% of the total) of the managed distribution network, that enables the integration of hydrogen and other low-carbon gases, and turnover related to the leak detection and repair of network activity to reduce methane leakage, were reparametrized proportionally to investments made.
2 A criterion based on the direct costs of the activities has been used to determine turnover relating solely to the non-hazardous waste in segregated fractions.
3 This activity refers to the electric vehicles used by the Group for the management of its activities and, therefore, does not generate turnover.
4 The activity relates to investments made for the Group’s data centres.