The energy sector today presents a host of new challenges and opportunities: the energy production model is changing and increasingly includes decentralised systems, whose growth is partly due to the rapid development of renewable energies. The energy market is evolving towards configurations that entail both a new balancing of the various energy sources and rules for participation that are helping create a single European market. Carbon emission reduction targets and the impact of digital innovation are largely responsible for triggering this transformation. In this new context, customers are well-informed players who want to play an active and important role in demand & response dynamics, exploiting all innovative tools at their disposal for the supply of energy and the management of how they consume it. Edison has embraced the challenge of market transformation and is intent on taking on the difficult and increasingly competitive market with determination, staying ahead of the changes.
Edison’s new strategy sets three key objectives:
- Ramp up the development of the customer portfolio through actions including the development of energy services and innovative solutions;
- Focus on low carbon emission energy production by developing renewable energy sources;
- Make the most of its position and expertise in the natural gas business, contributing to the diversification and security of supplies to the Italian energy sector;
- Optimise E&P activities by selectively developing initiatives in Italy and the Mediterranean area to integrate value chain.
- Triple customer base, currently 1 million, through organic growth, development of new initiatives and acquisitions.
- Develop the offer of high added value solutions for the retail market and of innovative energy services.
- Effective, top quality relationship with customers.
- Over 40% of energy generated from renewable sources, with a focus on hydroelectric and wind power.
- Efficient and flexible thermoelectric generation, complementary to renewable sources.
- Integrated, optimised and innovative management of electricity and gas portfolios.
- Flexible, competitive natural gas import contracts.
- Diversification of routes and sources of natural gas supply.
- Optimization of the value of hydrocarbon production and exploration portfolio with a focus on the Mediterranean area.
Since 2012, Edison has belonged to the EDF Group (Electricité de France), which owns 97.4% of Edison’s share capital. EDF is one of the largest energy companies in the world and is listed on the Paris Stock Exchange.
From energy generation to transmission, distribution and sale: EDF has created competitive solutions that combine customers’ needs with sustainable economic growth focused on reducing environmental impact.
CAP 2030, EDF’s strategy of reaching 40 million customers, has driven a profound transformation on the energy market in recent years. This strategy is focused on the production of low carbon emission electricity by developing nuclear energy and renewable sources, innovative solutions and services for customers and internally generated skills and expertise.
The CAP 2030 strategy can also be seen as a roadmap outlining the company’s contribution to pursuing the sustainable development goals (SDGs), in line with the Group’s values. Indeed, six sustainability objectives have been identified and adopted:
- Exceeding the objectives of the Paris Agreement defined during COP21 to limit global warming to less than 2°C, drastically reducing carbon emissions.
- Integrating best practice for the growth of people: health and safety, diversity and internal development.
- Offering all vulnerable people information and support on the use of energy and the related benefits.
- Innovating through digital energy efficiency solutions to enable all consumers to use energy efficiently.
- Setting up an open dialogue and consultation process for each new project around the world.
- Taking a positive approach to biodiversity that is not limited to merely understanding and reducing the long-term impacts of activities, but also focuses on making a positive impact.
Edison’s new strategy has entailed updating the corporate values, with a focus on respect, integrity and responsibility to employees, customers and all external stakeholders.
Edison has always been a responsible player in the industry, but the decision to adopt this corporate value demonstrates its desire to increasingly emphasise this commitment. In this respect, in 2016 Edison began revising its sustainability strategies, using United Nations’ SDGs and the EDF Group’s commitments as its point of departure and with the support of the Global Compact.
In particular, Edison’s CEO participated in the Global Compact High Level Meeting in September 2016, where top management of leading companies discussed the role of SDG implementation.
In this way, Edison has begun a process to renew its sustainability policy and objectives in 2017, with the aim of increasingly integrating sustainability initiatives into its business.