SRI indexes and ratings12


The sustainability ratings of Italgas were reconfirmed or improved in 2021, and its stock was included in a growing number of leading SRI stock indexes, in recognition of the sustainable approach of the company’s strategies and activities, as well as the transparent information it provides to all stakeholders.

Italgas was included for the first time in the Dow Jones Sustainability Index Europe in November 2021 and confirmed for the third consecutive year in the Dow Jones Sustainability Index World, with a score of 90 points out of 100 (score date 12 November 2021).

The two indexes comprise the world and European leaders of sustainability selected by S&P Global every year, on the basis of the score achieved on the Corporate Sustainability Assessment (CSA).

On the basis of the result achieve in the CSA 2021, in February 2022 Italgas was also reconfirmed in the Sustainability Yearbook, obtaining Gold Class Distinction recognition.

Since 2017, CDP (Carbon Disclosure Project) has recognised Italgas as an international leader for the strategies and actions implemented to combat climate change. In 2021, the Italgas Group was included in the Leadership band, thanks to the improvement of its score to “A-” from last year’s “B” on the “Climate change 2021” questionnaire. This score positioned Italgas above the European average and the average of the Energy Utilities Networks sector, which both have a score of “B”.

In January 2022, the Italgas share was once again confirmed as “constituent” in the series of FTSE4Good indexes on the basis of the valuation conducted in the fourth quarter of 2021.

On 18 October 2021, Italgas’ stock was included in the MIB ESG Index, the first blue-chip index for Italy dedicated to Environmental, Social and Governance (ESG) best practices of Borsa Italiana, part of the Euronext group. The MIB ESG Index was made operational by Euronext in collaboration with Vigeo Eris. The inclusion also reflects the score of 58 points and the “Robust” rating assigned by Vigeo to the Italgas Group in 2021.

The Italgas stock has been confirmed in its position in the ECPI Euro ESG Equity and ECPI World ESG Equity stock. In July 2021, the company was also included on the ECPI Global Infrastructure Equity Index. ECPI focuses on the ESG (Environmental, Social, and Governance) performance indicators which determine the sustainability profile of an issuer. ECPI uses an objective approach, differentiated by industrial sectors in the analysis of the ESG data with the aim of translating mainly qualitative information into quantitative indicators thus assigning a score and a rating to each issuer.

In 2021, Italgas had its sustainability rating from ISS (Institutional Shareholder Services) confirmed as A- in the context of the ISS ESG Corporate Rating last year.

Italgas shares are also included in the ESG MSCI, Stoxx and EuroStoxx indexes as well as those of other operators.

12 Socially Responsible Investing (SRI).