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Consolidated Non-Financial Statement Drawn up Pursuant to Italian Leg

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Consolidated Non-Financial Statement Drawn up Pursuant to Italian Leg CONSOLIDATED NON-FINANCIAL STATEMENT DRAWN UP PURSUANT TO ITALIAN LEG. DECREE 254/2016 SUSTAINABILITY REPORT 2018 This report has been translated into the English language solely for the convenience of international readers. CONTENTS LETTER TO THE STAKEHOLDERS 4 ERG AND SUSTAINABILITY Our history: 1938-2018 6 ERG in 2018 8 At the heart of energy for the past 80 years 10 2018-2022 Business Plan 14 80 years of ERG 17 The Governance of sustainability 20 ERG’s certifications in 2018 23 Dialogue with our Stakeholders 26 Methodological note 38 Our sustainability commitments 42 GOVERNANCE The Group’s Corporate Governance 49 The GDPR project for the protection of privacy 60 Enterprise risk management 61 1 ERG Group’s anti-corruption system 68 ECONOMIC RESPONSIBILITY Economic value generated and distributed 74 Key economic indicators 75 ERG Group’s plants 77 2 ONE Company 78 Management of wind farms 80 Lengthening life... is possible! 84 New technologies for better work 86 Training at the basis of our work methods 87 Analysis of significant events during the year 91 Management of hydroelectric plants 92 Predictive maintenance in hydro 94 Management of the thermoelectric plant 95 Management of environmental markets 99 ERG and open innovation 101 Our suppliers 103 ENVIRONMENTAL RESPONSIBILITY The european and global approach to climate change 110 CO2 avoided: 2018-2022 121 The reduction of CO2 emissions 122 3 Atmospheric emissions: a sustainable and reliable commitment 126 Water savings to improve efficiency 127 Environmental management of hydroelectric plants 128 Wood in Corbara, from waste to resource 129 Increasing minimum vital flows 130 The oasis of Alviano 131 Environmentally-friendly construction and management 132 SOCIAL RESPONSIBILITY Our safety system 143 Internal HSE performance seminar 145 Hydro plant safety procedures 146 4 ERG hydro: the large dams 148 Detention of river overflows 151 Operational video surveillance to protect maintenance 152 “Man down alarm” app 153 Development of the community 154 People acquisition: a three-step process 161 How do people grow at ERG? 166 Human Capital Coverage: what happened in 2018? 170 What talent means for ERG 172 Learning: training at ERG 173 We are ERG: our leadership model 176 People and remuneration: developing a sense of belonging 178 ERG invests in industrial relations: 2018, a year of innovation and engagement 183 Communication within ERG 185 Summer camp at Piediluco lake 191 The Edoardo Garrone Foundation 196 DATA AND INDICATORS 199 AUDIT REPORT 214 5 GRI G4 CONTENT INDEX 221 LETTER TO STAKEHOLDERS 1938 - 2018: 80 years in the energy world, 80 years of dynamism and sustainability. A path which, concluding in 2018 with the sale of TotalErg and the company’s entry in the photovoltaic market, has seen us completely reinvent ourselves in the last ten years, transforming from an oil industry operator into Europe’s leading energy producer in the renewable energy sector. Today ERG is the leading wind energy operator in Italy and in continual expansion in Europe. A position that will see additional developments in the next few years thanks to a 5-year Business Plan (2018-2022) which will involve around 1.7 billion euro of investments and an increase in our green capacity of over 30%. A plan consistent with national and European energy policy choices and with the 2030 sustainable development goals defined by the United Nations (UN SDGs), confirmation of the validity of our business model in terms of sustainability and our desire to play a leading and informed role in the new challenges of the energy transition. Our growth in the renewable energy sector will take place abroad, particularly in France, Germany and the United Kingdom, and through the technological upgrading of our wind farms in Italy via repowering and reblading projects. By repowering - replacing old wind turbines with more powerful next-generation turbines - we will be able to treble our output, reducing the number of towers by over half while occupying roughly the same amount of land. By reblading, which involves the replacement of existing blades with more innovative models, we will be able to enjoy significant increases in production. We believe that training and the development of our technological expertise are key factors in which to invest: in October of last year we opened our Technical Training Centre in Caraffa near Catanzaro, an educational hub for the development of tailor-made training modules, which will see the company increasingly focus on the in-house management of the specialist skills needed for the operation & maintenance of our plants. This commitment to training is backed up by the numbers: this year we dedicated 5.9 man/days to training, 83% of which focused on technical and managerial topics, with 92% of our people taking part. Our sustainability goals, defined in accordance with the Business Plan, will see us focus particular attention on the development of electricity production from renewable sources (UN SDG 7), the environment (UN SDG 6 and 15), working conditions (UN SDG 8) and welfare (UN SDG 4). In 2018 the new versions of the Sustainability Policy and Human Rights Policy were approved, two key documents for guiding the Group’s activities according to a business approach not limited to respecting the regulations in force in the countries in which we operate but proactively aimed at protecting the environment, health, safety, communities and human rights according to the founding principles of moral integrity, personal honesty, fairness and transparent relations. Our commitment to sustainable development was recognised at international level as we came 16th in the world and first in Italy - in fact we were the only Italian company in the top 50 - in the “Corporate Knights Global 100 Most Sustainable Corporations in the World Index” and were awarded a B rating in the Climate Change programme promoted by the Carbon Disclosure Project (CDP): higher than both the average of the Utilities sector and the European average. In 2018 we continued to work on behalf of the communities in which we operate, running training initiatives for youngsters, supporting start-ups in the energy world and promoting important cultural events. Our initiatives dedicated to the next generations involved over 10,000 students throughout the year. As a contribution to the land where the Group was founded, which in 2018 was seriously affected by the collapse of the Morandi bridge, we donated 1 million euro to the Municipality of Genoa to support redevelopment and sustainable development projects in the lower Val Polcevera. For many years our environmental, social and governance goals have been central to our business model and our development strategy, based on the trusting relationship we have established over time with all our stakeholders and our ability to generate shared value. The financial market also recognises this and so it was no coincidence when in November our Group became one of the first in the sector to be granted access to two ESG (Environmental, Social and Governance) loans for a total of 240 million euro. These innovative, typical green finance tools measure the sustainability and ethical impact of investments, introducing a bonus mechanism connected with CO2 avoided, calculated on the basis of the quantity of renewable energy generated throughout the duration of the Plan. A lot was done in 2018. And there is still lots to do. But challenges are part of our DNA, they are the energy that has brought us this far and the impetus that spurs us to help construct a renewable and sustainable future for us and the future generations. Hope you enjoy it! Edoardo Garrone Luca Bettonte Chairman Chief Executive Officer OUR HISTORY: 1938-2018 Production begins at the refinery in Genoa San Quirico. ERG enters the renewable energy sector by acquiring EnerTAD. ERG is listed on the Italian Stock Exchange. 1947 1997 2006 1938 1975 2000 2008 Edoardo Garrone ERG - through establishes ERG ISAB Energy - begins in Genoa. to produce and market electricity from the gasification of heavy refinery residues. Production begins ERG sells 49% at the ISAB Refinery of the ISAB refinery in Priolo. to LUKOIL. ERG enters the solar sector: ERG Power’s 30 photovoltaic plants combined cycle power acquired totalling 89 MW. plant starts up (480 MW) fuelled by natural gas. ERG sells the ISAB Energy plant and its ERG Oil Sicilia fuel networks. ERG enters the UK wind power market with a 47.5 MW project. Definitive exit from Installed wind power the Oil sector with Launch of TotalErg, at the end of 2016 the sale of TotalErg. a joint venture to market totals 1,721 MW. Installed wind power petroleum products. at the end of 2018 totalled 1,822 MW. 2010 2014 2016 2018 2013 2015 2017 ERG becomes the leading ERG enters the wind power operator in hydroelectric business, Italy with 1,087 MW of with plants in Umbria, installed capacity, and Marche and Lazio (527 MW). among the top ten in Europe (overall 1,340 MW). It purchases a company for the running and maintenance activities of the wind farms. ERG continues to grow in the wind sector: 48 MW in operation in Germany; 16 MW in operation in France. ERG acquires 6 wind farms Installed wind power in France (64 MW) in Europe at the end of 2017 and builds 3 wind farms totals 1,814 MW. in Poland totalling 82 MW. Installed wind power at the end of 2015 totals ERG sells the ISAB refinery 1,506 MW. and completes its exit from refining. ERG IN 2018 JANUARY MARCH APRIL MAY 10 JANUARY 7 MARCH 23 APRIL 15 MAY Sale of TotalErg and Sale of Brockaghboy The Shareholders of Acquisition of two wind definitive exit from the wind farm in the UK.
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