With this model, we expect to generate an increase in GDP of roughly €80 billion through 2024 in the countries in which we operate, while also creating some 190,000 new jobs and gradually increasing wealth for lower-income households by about €13 billion in the communities affected by our business.
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ITALIAN
Economic growth
Economic growth
2021
2024
Δ 24-21
Value distributed to communities (€ bn)
3.0
4.9
63.3%
Value distributed to communities per capita (€)
6.1
9.9
62.3%
GDP created by cumulative local investment (€ bn)
(*)
~ 80
Indirect and induced workforce (in thousands)
(*)
~ 190
Increase in lower income (€ bn)
(*)
~ 13
(*) Figures related to the new Stakeholder Capitalism model will be available from next year.
Our vision for 2030
Over the long term, the integrated approach we have adopted, together with our sustainability strategy, will enable us to mobilize €210 billion investments up to 2030 in order to further strengthen renewable energy generation, energy efficiency, and the grid, while creating value for society and the economy and making the system better suited to supporting solutions that are sustainable, efficient, flexible, and electrified.
With this model, we expect to generate an increase in GDP of roughly €270 billion over the next 10 years in the countries in which we operate, while creating some 940,000 new jobs and increasing wealth for lower-income households by about €45 billion in the communities affected by our business.
Our Total Societal Impact (TSI)1model enables us to measure the socio-economic value created for the communities by our investment plan.
~ 270
bn €
GDP
~ 940
thousand
Indirect and induced workforce
~ 45
bn €
Wealth generated for lower-income households
1. Impacts assessed by CGE methodology, based on intersectorial relationship generated by investments. Jobs calculated as stable FTE up to 2030 considering the average local salary.
Fair, responsible and transparent tax contribution
Fair, responsible and transparent tax contribution
2021
2024
Δ 24-21
Total tax contribution (€ bn)
11.5
18.0
56.5%
Tax borne (€ bn)
4.1
5.9
43.9%
Cooperative Compliance index (%)
89.9
95.2
5.9%
For the next three years, our tax contribution will continue to grow in line with the value created by the Group. We are expecting to see a constant increase in both tax borne and in our total fiscal contribution.
Our vision for 2030
In order to further strengthen our transparent relationship with tax administrations, we will continue to be committed to increasing our participation in cooperative compliance programs, and expect nearly all eligible companies to be participating in such programs by 2030. We also expect to see a constant increase in tax borne and in total tax contribution over the long term, inline with the value created by the Group.
Quality of social and economic development
2021
2024
Δ 24-21
Investment in developing nations (€ bn)
3.7
3.1
-16.2%
Access to clean and affordable energy (mil)
13.2
(**)
Fair, inclusive, high-quality education (mil)
3.0
(**)
Decent work and economic growth (mil)
3.7
(**)
(**) Data not available for 2024.
The sustainability of our strategy is also confirmed by the progress made in the Group’s contribution to achieving the sustainable development goals (SDGs) at 2030 of the United Nations, particularly with regard to the following goals:
- ensuring inclusive and equitable quality education (SDG 4);
- providing access to affordable, reliable, sustainable and modern energy (SDG 7);
- promoting sustained, inclusive and sustainable economic growth (SDG 8).
Our vision for 2030
We estimate that our contribution to social development and economic growth in the communities in which we operate will provide inclusive and equitable quality education to 5 million beneficiaries, provide access to clean energy to 20 million beneficiaries, and promote inclusive and sustainable economic growth to 8 million beneficiaries.
Our Group's strategy
Our strategy aims to decarbonise and electrify our customers' consumption by creating value for all stakeholders.