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A new culture of sustanaible energy
usage

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virgolette

The journey that Plenitude has undertaken reflects the kind of Company that we aim to be: enablers of the energy transition for the benefit of all. In July 2021, we were the first major Italian energy company to were a Società Benefit, a unique company model that enables us to create and spread a new culture of sustainable energy usage based on the development of renewable energy sources and the promotion of responsible consumption models thanks to equitable and accessible technological solutions. The model places great importance upon diversity as being essential for a company’s resilience, and prioritises transparent and fair relationships with customers and stakeholders.

The journey that Plenitude has undertaken reflects the kind of Company that we aim to be: enablers of the energy transition for the benefit of all. In July 2021, we were the first major Italian energy company to become a Società Benefit, a unique company model that enables us to create and spread a new culture of sustainable energy usage based on the development of renewable energy sources and the promotion of responsible consumption models thanks to equitable and accessible technological solutions. The model places great importance upon diversity as being essential for a company’s resilience, and prioritises transparent and fair relationships with customers and stakeholders. We report on our commitments, goals and initiatives undertaken during 2021 in Plenitude's first Sustainability Report.

From Plenitude CEO, Stefano Goberti’s message to stakeholders in the Sustainability Report

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Società Benefit

In July 2021, we updated our Company By-laws to those of a Società Benefit: the concept of the Società Benefit represents a major change in the way we think about businesses. Our corporate purpose is dual: it is meant to generate profits but also to have a positive impact on society, communities, people and the environment. Functioning as a Società Benefit means creating shared value not only for shareholders, but also for the community and ecosystems.​

In line with our responsibilities as a Società Benefit, we are committing ourselves to pursuing four specific purposes of common benefit:​

  • Spreading the culture of sustainable energy usage; ​
  • Providing solutions and technologies for responsible energy usage;​
  • Ensuring diversity and integration;​
  • Promoting customer centricity through transparent and fair relationships.

According to these specific purposes of common benefit, we are pleased to present our first Impact Report that describes the generated impact by Plenitude as a Società Benefit.

DOWNLOAD THE IMPACT REPORT 2021


The Impact Report 2021 has been issued on a voluntary basis: Plenitude, Società Benefit since 1 July 2021, has reported on the impact generated during the entire year in relation to its common benefit purposes, despite the fact that the legislation only requires it to do so at the end of the first and full accounting year (i.e. when the Annual Report for the year 2022 will be published). This document elaborates on the initiatives and objectives related to the common benefit purposes, integrating the Sustainability Report published in June 2022 which portrays the overall representation of sustainability for Plenitude.

Sustainability Strategy and ESG Model

In realizing the sustainability strategy, we commit to actively contributing to 10 out of the 17 Sustainable Development Goals (SDGs) of the UN Agenda 2030, defined by the United Nations in 2015, to build a future of peace and prosperity, for the people and the planet.

With the aim of integrating sustainability into its business model, Plenitude, during 2021, developed its sustainability strategy through an ESG model based on the SDGs and enhanced by a holistic approach to different environmental, social and governance topics. The sustainability strategy is based on five pillars: Governance, Climate and Emissions, Business Sustainability, People, and Communities.

 Stakeholder engagement and material topics

We firmly believe that dialogue and direct involvement of all stakeholders are essential to creating shared value and establishing relationships based on mutual trust, transparency, and integrity. Over time, we have built a solid relationship based on open communication and ongoing interaction with them, with the purpose of listening to their expectations and perspectives, understanding their needs, and identifying the areas of improvement specific to different contexts and categories.

To define the priority topics to be reported in our Sustainability Report, we have carried out an analysis to identify the sustainability topics relevant to its business and stakeholders. The topics thus identified are defined as material, as they reflect the economic, social, and environmental impacts of the organization and, at the same time, can influence the assessments and decisions of stakeholders.

The process for defining the materiality matrix involved three main stages:

Esg Rating
Plenitude is committed to implementing the highest standarts and best practices.

MOODY’S - ESG Solutions
Sustainability Rating A1 Score 70/100

In December 2021 Plenitude turned to Moody's ESG Solutions for an independent assessment of its ESG profile. In January 2022 Plenitude received a Sustainability Rating of A1, based on a total score of 70/100.
The aim of the assessment is to inform investors, asset managers and other stakeholders on Plenitude's capacity to integrate ESG factors in its strategy and operations, as well as its ability to identify and mitigate related risks.

Moody’s ESG Solutions is a global ESG assessment provider – including financial sustainability assessment.

DOWNLOAD THE RATING CERTIFICATE

DOWNLOAD THE SUSTAINABILITY RATING

MSCI
Provisional ESG Rating A

In May 2022 Plenitude received by MSCI a Provisional ESG Rating A.

MSCI Provisional ESG Ratings are intended to help investors understand the environmental, social and governance (ESG) profile of privately held companies preparing for a liquidity event. Ratings range from AAA (highest) to CCC (lowest). While based on the same MSCI ESG Ratings Methodology used to assess companies covered in MSCI’s standard coverage universe, the term “Provisional” is important and is meant to denote that the MSCI ESG Rating may change if and when the issuer is added to standard coverage by MSCI ESG Research following its liquidity event.


DISCLAIMER: This website (1) may contain or reference a provisional ESG rating of an entity for which MSCI ESG Research LLC has been compensated, (2) is not intended to reflect or consist of any investment or financial advice, recommendation or promotion, including regarding credit decisions or decisions to purchase, hold or sell any securities or strategies, (3) is based in whole or in part on information (some of which may be non-public) provided by or on behalf of the entity, (4) may not be redistributed without the express written permission of MSCI ESG Research LLC, and (5) is subject to each of the additional provisions of the disclaimer located at: msci.com/legal/provisional-rating.

For additional information, please see https://www.msci.com/our-solutions/esg-investing/esg-ratings.

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