REG - Soc EnergElectricaSA - Electrica's Corporate Strategy for 2024-2030

Societatea Energetica Electrica SAAnnouncement

15/12/2023 16:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231215:nRSO0376Xa&default-theme=true

RNS Number : 0376X  Societatea Energetica Electrica SA  15 December 2023

To:                              Bucharest Stock
Exchange (BSE)

                                    London
Stock Exchange (LSE)

Romanian Financial Supervisory Authority (FSA)

 

Current report in compliance with the Law 24/2017 on issuers of financial
instruments and market operations, the Romanian Capital Market Law no.
297/2004, FSA Regulation no. 5/2018, and the Bucharest Stock Exchange Code

Report date: 15 December 2023

Company name: Societatea Energetica Electrica S.A. (Electrica)

Headquarters: 9 Grigore Alexandrescu Street, 1(st) District, Bucharest,
Romania

Phone/fax no.: 004-021-2085999/004-021-2085998

Fiscal Code: RO 13267221

Trade Register registration number: J40/7425/2000

Subscribed and paid in share capital: RON 3,464,435,970

Regulated market where the issued securities are traded: Bucharest Stock
Exchange (BSE) and London Stock Exchange (LSE)

 

Important events to report: Approval of Electrica's Corporate Strategy for
2024-2030  - By crossing the threshold of innovation, we are redefining
energy

Electrica informs its shareholders and investors that, during its meeting on
14 December 2023, the Board of Directors of the company approved the Corporate
Strategy of Electrica Group for 2024-2030.

In the current market context, at global, European and national level,
Electrica Group can make a significant contribution to the transition of the
energy sector at national level, implicitly also to achieving EU's ambitions
and targets regarding energy prospects in 2030/2050, while pursuing with
priority the achievement of its strategic objectives meant to ensure the
long-term sustainability of the business.

By adopting strategic directions, aligned with those at national and European
level, Electrica Group can play an important role in transforming the energy
sector, contributing to a new era of energy that will be sustainable,
efficient and environmentally friendly.

Electrica's strategic statement: Innovation promise: Shaping a sustainable
future

Electrica's promise is thus to provide innovative and sustainable energy
solutions that meet current requirements, while protecting the future of our
society. Electrica's commitment is to a brighter, more efficient and greener
future.

What Electrica wants by 2030:

·      Sustainable growth of the company's value, while contributing to
the transition to the Green Economy

·      Transformation and sustainability through large-scale
implementation of ESG and organizational excellence programs

·      Efficiency by increasing network security, digitalization and
improving business resilience

Following these directions, the Group's key strategic objectives in the period
2024-2030 will focus on growth, sustainability, efficiency and transformation,
through:

·      Diversification of renewable energy sources - renewable energy
production, energy storage, optimization of investment financing and
profitability of production

·      Diversification of services - including energy efficiency - new
services offered, energy efficiency at supply level, exploration of regional
growth opportunities

·      Sustainable electrification, modern infrastructure, efficiency -
smart grids, increasing grid flexibility to adapt to prosumers, electric
vehicle charging stations, operational efficiency

·      Large-scale implementation of ESG - personnel training on ESG
principles, dual education, feedback programs, corporate social responsibility
initiatives and ongoing training on sustainability and ethics principles,
stakeholder involvement in a comprehensive governance framework, rating
improvement/retention, inclusion and maintenance in the FTSE Russell indices

·      Digitalization and innovation - One SAP and process automation
(RPA), customer interface automation, predictive maintenance, digitalization
trainings for employees

·      Organizational excellence - educational programs, modernization
of the performance management system, cultural transformation

In the context in which Electrica expects during 2024 important changes in the
regulatory framework affecting all its operational segments (the fifth
regulatory period on the distribution segment, regulations expected both on
the electricity and natural gas supply segment, as well as on the electricity
production segment), this strategy will be revised accordingly.

More details will be available during the week of 18-22 December 2023 on the
company's website, in the section Investors - Strategy Overview.

 

Contact: ir@electrica.ro (mailto:ir@electrica.ro)  ; +40.731.796.111

 

CEO

Alexandru Aurelian Chirita

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDFLFFEFDLELIV