Economic and financial KPIs

Consolidated report

In accordance with the applicable reporting obligations, and in line with the “Accounting standards and supplementary information pursuant to Regulation 852/2020”, the Group has calculated the percentages of turnover, CapEx and OpEx related to its Taxono- my-aligned activities, and eligible but not aligned activities (see Tables 6, 7, 8 and 9 for details).
In this context, it is important to emphasise that the percentages reported below do not represent a summary of the Group's sustain- ability performance, as reported in this document, but correspond to the specific disclosure required by Regulation 852/2020 on the environmental goals defined therein (specifically the climate change objectives). As such, these indicators should be considered limited to the purposes of the Taxonomy and separate to the broader scope of the ESG sustainability initiatives promoted by the Group.
Considering the Group’s economic performance as at 31 December 2022, aligned turnover amounted to 30% of the total, while eligible but not aligned turnover was 4%. 72% of Acea’s total CapEx is aligned (5% eligible but not aligned) with the Taxonomy, while 68% of OpEx is Taxonomy-aligned (12% eligible but not aligned). Please note that a residual part of the three KPIs (9% of turnover, 5% of total CapEx and 6% of OpEx considered under the Taxonomy43 and attributable to the companies outside the reporting boundary of the NFS) is not subject to assessment.

Chart no. 8 – Percentage turnover, CapEx and OpEx attributable to Group activities that are aligned, eligible but not aligned, not eligible and not assessed

Chart no. 8

Chart no. 9 – Percentage turnover, CapEx and OpEx aligned to the Taxonomy, by Business Area

Chart no. 9

The interpretation of the data by Industrial Segment shows the unique contributions to the Group’s alignment, in particular:

  • out of total Group turnover in 2022, which amounted to €5,138 million, €1,726 million are attributable to eligible activities, of which €1,542 million are Taxonomy-aligned. The two Business Areas that contribute the most to alignment are Water with 69% of the total aligned turnover (€1,062 million) and Energy Infrastructure with 23% (€360 million);
  • out of total Group CapEx in 2022 considered for the purposes of the Taxonomy, which amounted to €1,115 million, €864 million are attributable to eligible activities, of which €801 million are Taxonomy-aligned. The two Business Areas that contribute the most to alignment are Water and Energy Infrastructure; specifically, investments in the Water area represent 61% of total aligned CapEx (€488 million) and 29% in the Energy Infrastructure area (€299 million);
  • out of total Group OpEx in 2022 considered for the purposes of the Taxonomy, which amounted to €164 million, €131 million are attributable to eligible activities, of which €112 million are Taxonomy-aligned. In this case, the two Business Areas that contribute the most to alignment are the Water area at 82% of total aligned OpEx (€91 million) and the Energy Infrastructure area at 8% (€9 million).

Acea has drawn up a Green Financing Framework and, on the basis of this, in January 2021 issued the Group's first Green Bond, totalling €900 million to support initiatives focused on four main areas: water resource management; energy efficiency; circular economy; and green energy. With reference to the KPIs on CapEx and turnover described above, the contribution of green bond issues in 2022 was 18% of aligned CapEx and 0.4% of aligned turnover.

43 The above values of Turnover, CapEx and OpEx are in accordance with the guidance provided by the Disclosures Delegated Act and calculated in line with the accounting standards section.

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