The priorities at the center of our strategy

Materiality analysis enables the identification of aspects linked to the sustainable business model most relevant to the Company and its stakeholders, highlighting the interconnections with the 2030 Agenda’s 17 Sustainable Development Goals (SDGs).
Through the continuous monitoring of stakeholders’ expectations (“dynamic materiality”), it is possible to understand the evolution of material issues over time, identify ESG (Environmental, Social and Governance) targets to create sustainable value in the long term and define the content to include in Corporate Reporting literature.

Within this dynamic framework, the materiality process is conducted from a dual perspective:

  • single materiality,” which enables the identification and evaluation of priority issues for the Company (vertical axis) and for its main stakeholders (horizontal axis), leading to a representation of the Group’s priority matrix.
  • double materiality,” which involves the combination of two perspectives of equal importance:
    • potential and current impacts experienced by the Company (financial materiality). The material issues are those that generate risk or opportunity for the Company, influencing future cash flows and therefore its enterprise value in the short, medium and long term.
    • potential and current impacts generated by the Company (impact materiality). The material issues are those in which the Company generates significant, effective or potential impacts, on society and on the surrounding environment in the short, medium and long term. For further details see the paragraph “Evaluating generated and experienced impacts” in the 2021 Sustainability Report.

The priority matrix offers a comprehensive view of all the Company’s stakeholders, thereby providing complete sustainability disclosure, in addition to an integrated representation of the Company’s contribution to sustainable development.
The result of the analysis supports the identification and definition of targets to include in the Strategic Plan and the Sustainability Plan (which the Group’s various Functions and Business lines help achieve) and the topics for drafting the Sustainability Report and other Corporate Reporting literature.
The process enables the identification of priorities not only for the entire Group but also for individual countries, up to a level of detail at Business Lines/Functions and individual assets (understood as potential or effective operative sites).

In 2021 the analysis covered 21 countries, 67 companies and 31 sites and considered 479 engagement initiatives with stakeholders relevant to the Group.


Business and governance issues

A. Infrastructure and Networks
B. Decarbonizing the energy mix
C. Customer centricity
D. Products and services for electrification and digitalization
E. Robust governance and transparent conduct
F. Creation of economic-financial value
N. Innovation, the circular economy and digital transformation

Social issues

G. Involving local and global communities
H. Managing, developing and motivating people
I. Health and safety in the workplace
L. Sustainable supply chain

Environmental issues

B. Decarbonizing the energy mix
M. Conserving ecosystems and environmental management

To find out more, download the 2021 Sustainability Report  

Materiality analysis and 2021 results

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