A2A S.p.A. is a leading Italian multi-utility company that provides a wide range of essential services, including electricity generation and distribution, natural gas supply, district heating, waste management, and integrated water cycle services. The company operates through several key business segments: Energy, which handles electricity generation (including a significant portfolio of hydroelectric, thermoelectric, solar, and wind assets) and the sale of electricity and gas; Environment, which manages the entire waste cycle from collection and treatment to disposal and energy recovery; Networks, which oversees the operational management of electricity and gas distribution infrastructure as well as the integrated water cycle; and Heat and Services, which offers cogeneration and district heating services. A2A is deeply involved in Italy's energy transition, investing heavily in renewable energy capacity, smart grids, and circular economy solutions. The company primarily serves the Lombardy region, with strong historical ties to the municipalities of Milan and Brescia, which remain significant shareholders. A2A's diversified business model provides stable, regulated revenues alongside market-driven energy sales, positioning it as a central player in sustainable urban infrastructure and decarbonization efforts in Italy.