This 2024, at DOMINION we celebrate our anniversary: 25 years in which we have dedicated ourselves to improving the efficiency of our clients' processes, always relying on technology and an end-to-end vision of the business.
We have always understood that long-term efficiency necessarily involved providing sustainable services and projects for the environment. Well, now that meeting sustainability requirements has become a necessity and also a priority for our clients, we reaffirm our strategy of being an efficient partner for 360-degree comprehensive sustainability. That is, to be a company that improves sustainability throughout our clients' entire value chain, helping them achieve their decarbonization and climate change mitigation objectives.
Strategic focus on sustainability
As we shared at our last Capital Markets Day, held in May of last year, sustainability is one of the fundamental pillars of our 2023-2026 strategic plan, along with the simplification and recurrence of our activities.
This strategic plan is based on three transitions that we consider to be of great relevance for the coming years: the energy transition, the industrial transition and the digital transition, in which we are strategically positioned. This makes us a perfect ally to accompany our clients in the transformation of their business models through our Services and Projects.
Services and Projects focused on sustainability
It constitutes a very present growth driver for us and, therefore, we have oriented our Services and Projects towards sustainable activities that, in general, have higher margin profiles.
Sustainable Services already account for 70% of DOMINION's turnover with important contracts in the areas of energy, telecommunications and industry. Within them, our Environmental Services area has grown exponentially with activities that facilitate the reduction of emissions and the circular economy.
An important success story is found in the field of the circular economy of hydrocarbons, in which we were not present prior to 2019. At this time, we are the only company with our own degassing equipment in Spain, which allows combustion of gases emitted in industrial processes to be carried out internally, considerably reducing emissions of compounds harmful to the environment and health.
In our 360º Projects segment we also focus on sustainability, through the development of renewable, industrial and social impact infrastructures. In the field of renewable energies we position ourselves as a facilitator of turnkey projects for IPP clients.
In the industrial field we develop biomass or waste-to-energy solutions that allow waste to be converted into energy. And in terms of social impact infrastructures, the development of hospitals that we are carrying out in countries like Chile is of particular importance, integrating clinical and non-clinical technology and equipment to bring the best solutions to patients.
Simplification, recurrence and future challenges
When our plan establishes simplification as another strategic pillar, it seeks not only to reach our stakeholders with a more concise and simple message, but also for this to come accompanied by a simplification of the company. We seek to become a company oriented to 100% sustainable activities, with greater added value; and this should guide our organic growth, but also the investments and disinvestments that we carry out in the coming years.
