2023 was a year of extraordinary growth and success for Ghella. Against a backdrop of global uncertainty, we strengthened our position in the construction sector, cementing our reputation as a trusted and dependable partner for significant projects and key strategic initiatives. Through our commitment to sustainability and pioneering ideas, we not only added value for all stakeholders but also contributed towards a more sustainable and greener future. 

In Italy, we have significantly improved our positioning, contributing to key projects in the National Recovery and Resilience Plan (PNRR). Internationally, our deliberate strategy of selectivity and risk mitigation has resulted in securing new contracts in Australia and France, thereby reinforcing our global presence.  

Our business strategy is inherently anchored in sustainable practices. We firmly believe that enduring success hinges upon environmental preservation and the welfare of the communities in which we operate. For this reason, we wholeheartedly embrace the Corporate Sustainability Reporting Directive (CSRD), demonstrating our proactive commitment to early compliance with deadlines for meeting the new standards.  

All our activities align seamlessly with the European Taxonomy, actively supporting environmental objectives. Whether it is our sustainable mobility initiatives, water infrastructure developments or photovoltaic plant installations, each initiative underscores our unwavering commitment to paving the way towards a decarbonised future. 

By 2023, our operations yielded a total economic value of 1.1 billion euros, benefiting a variety of stakeholders including employees, suppliers, government bodies, and local communities. We firmly stand by the idea that as a business grows, so should the development of the local area.  

Recognising our business's environmental footprint, we are dedicated to reducing greenhouse gas emissions by 25% by 2030. In alignment with our commitment to the circular economy, we prioritised the use of excavated land and recycled nearly all construction and demolition waste in 2023.  

The health and safety of our personnel is of utmost importance. Through our renewed and enduring commitment to fostering a collective safety culture at construction sites, we significantly reduced the number of accidents in 2023.  

Our sustainability efforts have garnered significant interest from major financial institutions. In 2023, we secured a "sustainability-linked loan" to support our investment plan for the refurbishing and enhancing of our photovoltaic plants. This recognition underscores the legitimacy of our commitment to sustainable finance. 

Looking ahead, Ghella embraces the future with confidence, optimism and shared pride, as we celebrate our 130th anniversary. Our unwavering commitment to innovation, sustainability, and expansion aims to generate value for all stakeholders and shape a better future for generations to come. I extend my heartfelt thanks to all who have been part of this journey and reaffirm our promise to build a brighter and more sustainable future. 

Enrico Ghella, 
Chairman and Chief Executive Officer 

We have adopted a model of management and control principles, policies, and instruments to ensure the responsible governance of our activities. Business conduct serves as a fundamental aspect of our ESG Strategy, as we recognise that sustained value generation is achievable only through the consistency and integrity of our actions.  

“Establishing and achieving sustainability goals demonstrates our social responsibility to the environment and the community, reinforcing our reputation for excellence in the construction industry.” Andrea Calì | Deputy Project Director 

Our projects, with a primary focus on railways, metro systems, and hydraulic infrastructures, are aimed at leaving a lasting legacy for the community in which we operate, with the goal of making the transition to more sustainable lifestyles increasingly accessible and tangible. 

"Amidst growing awareness for social welfare and environmental conservation, felt by us today and in years to come by the next generation, it fills me with immense pride to know that I am part of a community dedicated to these causes " Alessandra Tana | Precast Concrete Tunnel Lining Manager 

Our people are our most valuable strategic asset. This is not only because having dedicated and highly skilled personnel is essential for executing work with expertise, but also because we believe that sharing and exchanging ideas and values is crucial for achieving excellence. Through diligent and conscientious management, we promote trust, transparency, and collaboration, nurturing an environment that is open and inclusive. 

"In our industry, technologies are constantly evolving, and this dynamism inspires us to challenge the status quo, to enhance our capabilities, and to never stop learning" Giovanni Giacomin | Head of Corporate Operations TBM 

The generation of economic value for the company serves as a catalyst for social welfare through the creation of sustainable infrastructure, the promotion of sustainable mobility, and continuous staff development. Moreover, we strive to generate positive impacts on the social and environmental performance of our supply chain. Community engagement initiatives, local workforce development, and the transfer of technological skills across different countries where we operate all contribute to leaving a lasting legacy that transcends the construction phase. 

"The countries in which we operate are strongly committed to minimising all types of environmental impact, and we, at Ghella, along with our partners and clients, are passionately enthusiastic about best-practice sustainability implementation and innovation throughout the construction process" Sam Jones | Technical Director, Ghella Australia 

Environmental protection is a priority for us, and as such it is at the heart of our ESG strategy. The “Planet” pillar sets out the company’s mission in three thematic areas in which we focus our efforts: fighting climate change, promoting a circular economy and environmental protection. We acknowledge that we play a crucial role – given the context of our operations and the nature of our tasks. Therefore, we adhere to high sustainability standards to minimise the environmental footprint of our activities as much as possible.