Stakeholder and their involvement
Stakeholders are the various parties that play a key role in making it possible to achieve the company’s objectives and represent the main recipients, direct or indirect, of the value created, but also the impacts generated, by the assets managed, according to a principle of mutual influence. For this reason, for example, the natural environmental and the community are also considered stakeholders.
As such, Acea is committed to developing trusting relationships, adopting an inclusive and proactive approach to stakeholders aimed at enhancing the outcomes of dialogue and debate, in line with the commitments expressed in the Management and Sustainability Systems Policy, the principles enshrined in the Code of Ethics, updated at the end of 2022, and the Principles and Values of Stakeholder Engagement.
In the stakeholder engagement process, the identification phase identifies the subjects involved in the company's activities, assessing the level of mutual influence at both qualitative and quantitative levels. The analysis phase examines the interactions between the company and the stakeholders and between different categories of stakeholders in order to develop opportunities for dialogue (engagement) and shared responsibilities. Finally, the management phase establishes the responses to the identified needs of stakeholders or the company itself, in order to pursue the achievement of the company's objectives while also meeting stakeholder expectations.
Chart no. 18 – Stakeholders and their involvement
LO STAKEHOLDER ENGAGEMENT NEL GRUPPO ACEA
By managing a responsible and long-lasting relationship with stakeholders, based on trust, dialogue and transparency in an ever-changing context, the Group is able to improve decision-making processes by directing its commitment to the most relevant issues, while building a shared path that creates value over time for the community and the market, with greater prospects for stability.
In this regard, in 2022 the Acea Stakeholder Engagement Unit conducted various measures to incorporate stakeholder engagement activities into the Group's strategies, processes and business. In particular, improvements to the tools, methods and stakeholder engagement initiatives and projects were made to further support the Group's Corporate Departments/Functions and Companies, which responded with growing interest and engagement.
The awareness-raising and analysis campaign launched in 2021 continued: meetings with sector experts were held with the aim of promoting the culture, skills and tools of stakeholder engagement in the various business contexts and increasing awareness of the strategic role of stakeholder engagement. Workshops were also held to acquire theoretical knowledge and develop applied methodologies through the adoption of operational tools aimed at stakeholder identification, mapping and weighting and the design and implementation of engagement methods.
The stakeholder engagement section of the intranet promoted greater awareness within the Group and allowed for the systematised sharing of processes, tools and materials. In particular, in December 2022 the first video pill of the stakeholder engagement awareness-raising module was posted, aimed at promoting methods for using stakeholder engagement tools and stimulating and strengthening the proactive involvement of Acea Group personnel. Other video pills will be posted in 2023.
The 2022 Report on the Group's Stakeholder Engagement Performance is currently being finalised. Stakeholder Engagement activities are managed in line with the international standards of reference (AA1000 Stakeholder Engagement Standard and Global Reporting Initiative).
Chart no. 19 – Stakeholder mapping
The boxes below illustrate the most significant interactions between Acea and the main categories of stakeholders in 2022.
Material topics and impacts perceived by stakeholder
During the process to develop the 2022 materiality analysis (see Communicating Sustainability: Methodological Note for more details), stakeholders were involved in multi-stakeholder focus groups, and particular emphasis was given to the identification of the main perceived impacts regarding the topics of the Acea Group considered to be of “high” or “medium” significance. The results of the engagement activity, specifically the most significant areas of impact for stakeholders and the main positive and negative impacts, both actual or potential, are summarised in Table no. 15.
Table no. 15 – Main impacts perceived by stakeholders, associated with 2022 material issues with high and medium significance
MATERIAL TOPICS | most significant areas of impact for stakeholders | main (actual/potential) negative and positive impacts perceived by stakeholder |
---|---|---|
SUSTAINABLE AND CIRCULAR WATER MANAGEMENT |
Optimisation of infrastructure and networks to increase resilience and guarantee water supply |
reduced access to high-quality water due to system inefficiencies related to water stress and extreme weather events
safeguarding the water supply through the development of new infrastructural and technological solutions |
evolution towards a circular water resource management model (including water reuse, sewage sludge recovery and reuse, etc.) |
failure to reduce pressures on water resources due to limited reuse of treated water
contribution to the improvement of environmental and social contexts by optimising solutions for the circular water resource management |
|
ETHICS AND INTEGRITY IN BUSINESS CONDUCT |
Compliance of company performance with industry standards |
deterioration of contextual conditions (quality of life, relations between the company and stakeholders, etc.) due to non-compliance, disputes and litigation
greater guarantee of access to high-quality services that meet standards |
promotion of ethical values, including combating unlawful conduct and corruption, throughout the value chain |
weakening of action to promote ethical principles in the relevant contexts due to bureaucratic-administrative barriers and cultural resistance
contribution to the development of a healthy socio-economic system guided by ethical principles and respect for rules |
|
PROTECTION OF ECOSYSTEMS AND BIODIVERSITY |
Reduction of pressure on ecosystems (e.g. reduced emissions, efficient use of natural resources, reduction of land use, etc.) to protect ecosystem health and preserve natural cycles |
inability of infrastructures to adapt to their host ecosystems
increased awareness of the impact of activities on biodiversity and the ecosystem through the development of specific analysis models |
interventions aimed at protecting the ecosystems in areas in which the company operates (protection of springs, natural heritage, protected areas and animal and plant species, etc.) |
failure to formalise specific commitments to protect biodiversity and ecosystems
development of synergies with scientific partners and institutions to monitor biodiversity-rich areas and create ecological corridors |
|
CLIMATE CHANGE AND ENERGY TRANSITION | Adoption of energy models with a low environmental impact (generation from renewable sources, energy eciency, cogeneration, green energy consumption, etc.) |
slow development of low environmental impact solutions due to bureaucratic and authorisation constraints
contribution to the sustainable development of regions and socio-economic contexts through climate action |
development of value-added services related to energy transition |
low scalability of green technologies for the community
improvement of environmental and social contexts through the development of decarbonisation solutions in different contexts (smart cities, sustainable mobility, building efficiency, etc.) |
|
TECHNOLOGICAL INNOVATION AND DIGITAL TRANSFORMATION |
Development of innovative and environmentally sustainable services and products in response to the changing needs of the environment and people |
increased inequalities caused by services provided in a predominantly digital mode (elderly, poorly digitised population, etc.)
improvement in the quality of life of the community through the availability of services and products in line with emerging needs |
creation of an high-quality, open and interconnected innovation and research ecosystem |
missed opportunities for innovative development due to lack of qualified skills and dedicated investment
contribution to social progress and cultural growth |
|
MANAGEMENT AND TREATMENT OF WASTE FOR A CIRCULAR ECONOMY |
Management and reduction of waste produced by communities through its energy and material recovery (e.g. compost) |
possible community resistance to new facilities
contribution to the resolution of critical issues related to mass waste production |
strengthening of secondary raw material recovery chains from waste materials (plastic, paper, etc.) |
possible challenges in the proper management of supply chains
reduction of environmental changes caused by the use of raw materials |
|
OCCUPATIONAL HEALTH AND SAFETY |
Building safe and secure working environments, starting with accident prevention |
occurrence of occupational accidents, with possible effects on public safety
increase in safety and consequent improvement of service levels |
promotion of a culture of workplace safety along the supply chain |
weakened action of promoting a culture of workplace safety in less wellequipped contexts such as small and very small businesses
contribution to the improvement of the occupational health and safety conditions of supplier personnel |
|
DIALOGUE AND ENGAGEMENT WITH STAKEHOLDERS AND TERRITORY |
Responses to multi-stakeholder requirements, with shared value projects and co-design initiatives |
increased disputes with stakeholders due to their ineffective involvement in projects with a high impact on the region
synergetic development of projects and initiatives that better respond to genuine stakeholder needs |
specific identification and consideration of minorities and vulnerable stakeholders |
insuffcient implementation of initiatives for families and businesses in economic difficulty that reflect the challenging context (high bills, inflation, etc.)
community support through the promotion of targeted initiatives, also in synergy with local institutions and associations (new forms of poverty, energy crisis, etc.) |
|
SKILLS DEVELOPMENT AND EVOLUTION OF THE WORKING ENVIRONMENT |
Promotion of meritocratic working contexts able to optimise and increase skills and abilities |
resistance to cultural and professional change
increase in skills, greater job satisfaction and creation of new jobs |
adoption of new work models capable |
shortage of new key skills (tech jobs, etc.)
improvement of work/life balance and work contexts |
|
SUSTAINABILITY IN INFRASTRUCTURE DESIGN, CONSTRUCTION AND MANAGEMENT |
Creation of high-quality and environmentally and socially sustainable infrastructures and projects |
possible implementation difficulties caused by a lack of design models and expertise that incorporate sustainability
development of a long-term design approach, capable of incorporating sustainability and “just transition” logics |
adoption of a design approach that integrates the genuine needs of stakeholders and promotes the acceptance of projects and infrastructures by the community |
reduced social acceptability of infrastructures due to inadequate management of participatory processes
contribution to sustainable regional development |
|
CUSTOMER FOCUS |
Availability of easily accessible and customised customer care services, also thanks to the increasing use of digital channels |
decrease in the level of customer trust due to lack of clear communication and transparency
improvement of the customer experience and relationship with the company |
availability of services in line with emerging customer needs and lifestyles |
insufficient attention to the growing difficulties faced by customers in the current context (war, energy crisis, high bills, inflation, etc.)
increasing sustainability in practices and consumption styles |
|
SUSTAINABILITY AND CIRCULARITY ALONG THE SUPPLY CHAIN |
Implementation of procurement processes that prioritise the use of products and services that combine quality, eco-compatibility (recycled, reusable, etc.) and social responsibility |
possible exclusion of small and very small businesses that are less structured in terms of sustainability
reduction of the socio-environmental impact of goods and services |
increasing supply chain certification, also |
increased initial burdens on suppliers who are required to make greater commitments to sustainability
support for the promotion of sustainability among suppliers |
|
COMPANY WELLBEING, DIVERSITY AND INCLUSION |
Creation of inclusive and diverse models and workplaces that respect people |
failure to reduce cultural and organisational barriers to promoting diversity
development of social and professional inclusion paths and projects |
promotion of a workplace culture oriented towards preserving the well-being of people within the organisation and respecting their private lives (welfare, work/life balance initiatives, etc.) |
reduced eectiveness of promotion initiatives due to cultural resistance caused by a “traditional” view of work
development of the concept of well-being, which is extended to workers, the community and the region ("all-round" well-being) |
|
GOVERNANCE FOR SUSTAINABLE SUCCESS |
Long-term value creation through the integration of sustainable success (social and environmental dimensions) into strategic objectives, management remuneration policies and internal control systems |
incomplete and non-transparent information available to stakeholders
effective incentive systems linked to sustainability targets; |
construction of governance models capable of developing long-term strategies that consider sustainability guidelines |
greenwashing
lasting contribution to the social, environmental and economic development of the local context |
|
SUSTAINABLE FINANCE |
Promotion of environmental and social elements in business financing decisions (Green Bonds, etc.) |
lack of development of socio-economic contexts due to difficulties in managing public funding
increased investment in sustainable development (ecological transition, social inclusion, etc.) |