The 2023-2027 Integrated Plan
The Integrated Plan aims to combine corporate development with environmental and social sustainability in order to generate shared value for CVA’s stakeholders in the long term and to contribute to the energy transition.
Positive
impact
STRATEGIC PRIORITIES
- Diversification of sources
- Energy Efficiency
- Electricity Distribution
Future
Proof
STRATEGIC PRIORITIES
- Operations and Hydropower
- Open Innovation
Empowering Communities
STRATEGIC PRIORITIES
- Our Energy on our land
- Dialogue with key Stakeholders
TARGET
1. Zero emissions:
reducing CO2 emissions by 1,083 tonnes by 2030 and analysing emissions throughout the value chain
WHERE WE ARE IN 2022
Action Plan data collection consolidated
WHERE WE WANT TO GET TO
- Definition of a zero emission strategy for Scope 1 and 2 emissions that can be certified according to the Science-Based Target initiative (SBTi) guidelines, in line with the scientific targets for tackling climate change
- Construction of Scope 3 CO2 emissions baseline to optimise monitoring and variation over time, and definition of improvement actions.
2. Resilient Ecosystems
Comparison with 6 associations for Nature Based Solutions (NBS) projects
- Selection and participation in active Nature-Based Solutions (NBS) projects nationwide
- Selection and participation in offsetting and reforestation projects in the region and nationwide.
3. Agrivoltaic Feasibility Studies
Development and deepening of knowledge on the topic
Construction of the Partnership with Bonifiche Ferraresi
- Agri-voltaic pilot project to 2025
- 150 MW agri-voltaic development on BF farmland by 2030
4. Balance and sustainability of withdrawals:
100% of waterways monitored
Defining the hydrological perimeter
- Continuation and strengthening of study (2014 until today) and research activities related to water resource protection and maintenance of river ecosystems
- Optimisation of water resource use in respect of environmental protection and Ecological Flow (2021-2024)
- Evaluation of possible production increases in light of the new release framework (2024-2026)
TARGET
5. Secure and resilient assets:
roughly € 30 million/year invested
WHERE WE ARE IN 2022
+ € 36 million invested in modernisation and maintenance of assets
WHERE WE WANT TO GET TO
- Study, definition and implementation of a plan of action and investment for maintaining the integrity and resilience of the production and distribution assets of the Group
6. Asset 4.0:
>90% of plants with automation solutions with 4.0 maintenance projects
Software start-up achieved on 66% of installed wind and PV capacity
13 Water units with 4.0 monitoring
- Equipping wind and photovoltaic power plants with software to analyse machine performance and optimise operating approaches
- 4.0 Technologies to improve maintenance strategies for hydropower plants
- Increasingly smarter and digitised grids
7. 100%
of slopes and relevant areas monitored with satellite technologies
135 km2 monitored areas out of 320 km2
- Monitoring through satellite technologies of 100% of the territories and slopes where CVA is present with its facilities
- Implementation of additional insights and actions on particularly relevant areas (e.g., dams)
8. Prevention of climate risks
Completion of analysis of TCFD guidelines and industry benchmarks Defining the hydrological perimeter
- Performance of an analysis of the climate risks and opportunities
on CVA’s assets according to the guidelines of the Task Force on Climate-Related Financial Disclosures (TCFD), with a specific focus on the hydroelectric sector
- Down scaling IPCC scenarios in Aosta Valley and updating climate scenarios
9. Cyber resilient
Acquired Certifications ISO 27001 and 27701
- ISO 27001 certification in the area of information security and ISO 27701
certification in the area of data privacy on business processes and
customer management, in relation to remote control and plant maintenance
as well as related production plans
TARGET
10. It takes listening:
listening processes for the most relevant projects and >3 meetings/year for listening and discussion
WHERE WE ARE IN 2022
Meetings with the populations and administrative bodies involved in the renovation of Hône and Chavonne
18 interviews with local and national SHs to update materiality
Event with associations for the inauguration of the inclusive Giri d’Energia (energy tours) routes
WHERE WE WANT TO GET TO
- Initiation of listening and discussion projects with key stakeholders, at least 3 every year.
11. CVA for schools:
+50% students reached each year
Implementation of two training modules for schools on Agenda 2030 and Climate Change
40 teachers in total involved, more than 1000 participating students
Preliminary assessment of STEM scholarships for girls launched
- Continuation of the Labenergie project and increase in the number of students involved in environmental education activities each year (from 2023)
- Raising local awareness of STEM pathways, increasing the participation of girls, with the provision of 10 scholarships by 2026
12. Corporate volunteering
Benchmark analysis
- Activation of a corporate volunteer programme in support of local institutions
13. Upskilling e reskilling:
>60% business population
Involvement of about 35% of the corporate population. 86% of activated users were enrolled in at least one course, and of these 81% attended at least one class
- Activation of targeted training and skills development initiatives in terms of upskilling and reskilling, on an annual basis through the activation and maintenance and enhancement of the company’s digital-for-digital training platform.