Iren Group’s choice to place sustainability at the core of its development is confirmed in the 2030 Business Plan: circular economy, water resources, resilient cities, decarbonization and people will be at the heart of the Group’s agenda for the next decade. 80% of the total organic investments, or more than 8.7 billion Euro, will be earmarked for sustainable projects to achieve commitments made consistently with the United Nations 2030 targets. This is a tangible commitment that confirms the desire to merge the Group’s development with that of the communities, local areas and the environment.
ESG indices include company shares with strong sustainability profiles, with the aim of providing socially responsible investors with a method of evaluation based on the premise that businesses with sustainable approaches to environmental, social and governance issues outperform their competitors in the long-term. In 2021, Iren’s stock was included in the Euronext MIB ESG Index, the first ESG index designed by Euronext to identify large Italian listed issuers with ESG best practices. Iren is also included in several ESG indices issued by FTSE Russell, Euronext, Bloomberg and STOXX.
ESG ratings are considered a strategic tool to support investors and identify risks and opportunities regarding sustainability within their investment portfolio, contributing to the development of active and passive sustainable investment strategies. Iren has been evaluated by various rating agencies.
CDP
CDP Climate Change 2021 assesses transparency and reporting on strategies, governance, goals related to environmental performance, and management of risks and opportunities associated with the effects of climate change. Iren achieves A-level, plus Supplier Engagement Leader Rating (SER) obtained for the involvement of its suppliers in the fight against climate change.
MSCI
MSCI assesses the exposure and ability to manage risks and opportunities related to ESG factors, across several topics: CO2 emissions, water stress, opportunities in renewables, other pollutant emissions and waste, human capital, corporate governance and corporate conduct. In this rating, Iren obtains A out of a maximum of AAA.
Sustainalytics
In the Sustainalytics ESG Risk Rating – which analyses the relevance of environmental, social and governance issues and how the company manages the risks arising from these issues – the Group obtains a rating of 29.6.
ISS ESG
ISS ESG – which assesses ESG performance on the basis of around 100 indicators divided into 6 macro-areas – gives Iren a B- rating.
Vigeo Eiris
In the ESG Rating by Vigeo Eiris, Europe’s leading social, environmental and governance rating agency, the Group obtains a rating of 56 (robust) out of a total of 100.
Bloomberg Gender Profile
Bloomberg’s Gender-Equality Index (GEI), which assesses corporate disclosure and performance on: female leadership, equal pay and gender equity, inclusive culture, anti-sexual harassment policies, and inclusive branding, gives Iren a rating of 72.63 out of a total of 100.
Altri rating
In addition, Iren is assessed in other ratings such as IGI (70.3/100, fifth position) and Corporate Knights (88/200 clean economy revenues).