The Board of Directors of the Electrica company approved, in Friday’s meeting, the Group’s corporate strategy for the period 2024 – 2030, which will include the transition to the green economy, digitalization and network security.
“In the current market context, at the global, European and national level, the Electrica Group can make a significant contribution to the transition of the energy sector at the national level, implicitly also to achieve the ambitions and targets of the EU regarding the energy perspectives in 2030/2050, but with priority achieving strategic objectives that ensure the long-term sustainability of the business. By adopting strategic directions, aligned with those at the national and European level, the Electrica Group can play an important role in the transformation of the energy sector, contributing to a new era of energy that be sustainable, efficient and friendly to the environment,” according to a report of the company, submitted to the Bucharest Stock Exchange (BVB).
According to the source cited by Agerpres, Electrica’s promise is, thus, to offer innovative and sustainable energy solutions that meet current efficiency and ecological requirements.
Until 2030, Electrica aims to sustainably increase the value of the company, which contributes to the transition to the green economy; transformation and sustainability, through the large-scale implementation of ESG and organizational excellence programs, as well as efficiency through increasing network security, digitization and improving business resilience.
In these directions, the key strategic objectives of the Electrica Group, in the period 2024-2030, will focus on: diversification of renewable energy sources – renewable energy production, energy storage, optimization of investment financing and production profitability; diversification of services – including energy efficiency – new services offered, energy efficiency at the supply level, exploration of regional growth opportunities; sustainable electrification, modern, efficient infrastructure – smart grids.
It also considers increasing the flexibility of the network to adapt to prosumers, building electric vehicle charging stations, operational efficiency, training staff on ESG principles, dual education, feedback programs, corporate social responsibility initiatives and continuous training on the principles of sustainability and ethics, the involvement of stakeholders in a comprehensive governance framework, the improvement/maintenance of the rating, but also the inclusion and maintenance in the FTSE Russel indices.
“In the context in which Electrica expects important changes in the regulatory framework in all its operational segments during 2024 (the fifth regulatory period on the distribution segment, regulations expected both on the electricity and natural gas supply segment, as and that of electricity production), this strategy will be revised accordingly,” the document states.
In addition, the company aims at digitization and innovation – One SAP and process automation (RPA), customer interface automation, predictive maintenance, digitization training for employees, organizational excellence – educational programs, performance management system modernization and cultural transformation.