LucaMeer
Edited
Greetings Investors, PREMISE $HER.MI (Hera SPA) is an Italian multi-utility company primarily operating in the sectors of water, electricity, gas, environment, and waste. It is one of the main players at the national level and has received numerous awards for its commitment to circular economy, with a particular focus on ESG factors. It operates mainly in northern Italy and, thanks to its prudent acquisitions over the years, has managed to strengthen and expand in all the sectors it operates in, increasing the customer base for its services and enhancing its capacity to provide them efficiently. ESG FACTORS Hera S.P.A. has been confirmed for four consecutive years - 2020, 2021, 2022, 2023 - in the Dow Jones Sustainability Index - present in both the world and European indexes -, an index that includes the best companies in terms of ESG factors.It has been among the top three Italian multi-utilities in the "Top Employer 15" - the 15 best companies were chosen from over 2300 in 121 nations - for human resource management.It collaborates with TELLIS - a video interpreting service - to allow deaf people to communicate with their operators, ensuring fair and proper service for all customers.Listed by CDP (formerly Carbon Disclosure Project) and S&P among the European leaders with "A-", where the sector average for multi-utilities is "B". In 2022, it had a "B". Moreover, according to S&P, out of 9,400 participating companies, only 759 are in the Sustainability Yearbook 2024, and only 66 classified as "Top 1%"; Hera is among these 66. CIRCULAR ECONOMY The Hera Group operates with particular attention to the circular and green economy, closely following EU directives. The multi-utility's goal is to achieve carbon neutrality through programs of recycling, reuse, redistribution, and renewal. Thanks to its innovative plants, it produces renewable energy from organic waste and recycles inorganic waste.Examples of circular economy for organic waste:The important plant in Spilamberto, for the production of biomethane produced with industrial waste - organic waste - and urban waste - organic separate collection -, while thanks to the collaboration with Inalca S.P.A. - a beef production company -, compost is transformed into biofertilizer.It also collaborates with ChefExpress from the Cremonini group to use used vegetable oils for the production of biofuel. In December 2023, when the collaboration was announced, a production of 150,000 liters of biofuel was expected.Examples of circular economy for inorganic waste:In November 2023, it partnered with Leonardo - an Italian defense company - for the research and development of advanced technologies for carbon fiber present in materials used for aircraft construction.Through its subsidiary Aliplast, work has begun on one of Europe's most innovative plants in Modena for the recycling of rigid plastics that have been difficult to recycle until now. The goal is to make recycled materials as high-quality as virgin materials for reuse in the consumer electronics and automotive sectors. The work is expected to be completed by 2025, with an investment of €50 million, of which €7.7 million is provided by the PNRR.In collaboration with Medica S.P.A. and CNR-Isof of Bologna, on March 5, 2024, the Water Living Lab was presented, a pilot plant as part of a pioneering initiative aimed at eliminating micro-pollutants in water for its potabilization, using waste from the biomedical industry. This project is another virtuous example of the circular economy implemented by Hera. Moreover, it aligns with the objectives of "Life Remembrance," a project funded by the European Union. ACQUISITIONS The M&A operations have been numerous over the years, both by the parent company and its subsidiaries. Before discussing the latter, I would like to make a clarification about two companies, not exactly acquired but formed over time by merging the acquired companies operating in the same sector. To be continued in the comments. P.S.: I invite you to read the pinned post, ( etoro.tw/3xVDTol ) from which you can access the reports of the other companies in the portfolio through the links. $AMD (Advanced Micro Devices Inc) $PLTR (Palantir Technologies Inc.) $SPX500 $NSDQ100
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