BUCHAREST - Societatea Energetica Electrica S.A. (Electrica), a leading Romanian energy company, announced the approval of its revised General Strategy for the years 2024 to 2030. The strategy, approved during a Board of Directors meeting on Tuesday, is aimed at sustainably increasing profitability and ensuring long-term value for shareholders and investors.
The strategy, named "Electrica 2030: Strategy for a Sustainable and Innovative Future," outlines a focus on expanding energy production and storage capacities, diversifying customer services, and modernizing distribution infrastructure. Operational efficiency is to be achieved through optimization and digitalization efforts, according to the company's statement.
A key component of the strategy is the integration of Environmental, Social, and Governance (ESG) practices, which underscores Electrica's commitment to sustainable development. This includes initiatives for skills development and employee retention to support the company's growth and innovation goals.
Electrica's CEO, Alexandru Aurelian Chirita, emphasized the importance of effective implementation of the strategy to meet the set objectives and to generate sustainable value over the long term.
The company, which is traded on both the Bucharest Stock Exchange (BSE) and the London Stock Exchange (LON:LSEG) (LSE), has stated that more details regarding the strategy will be made available on its website by December 31, 2024.
This announcement is based on a press release statement and reflects the company's efforts to communicate its future direction to its stakeholders. Electrica's strategic plan is part of a broader trend in the energy sector, where companies are increasingly focusing on sustainability and innovation to adapt to changing market demands and regulatory environments.
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