Medium- and long-term planning starts with a strategic assessment of the ex ternal landscape and climate-related issues, which involves the following ac tivities: > macroeconomic, energy and cli mate scenario analysis - a series of global and local analyses and fore casts to identify the main macroe conomic, climate and energy-related drivers over the short-, medium- and long-term horizon; > competitive landscape analysis - a set of analysis to compare financial and operating performance as well as envi ronmental, social and governance (ESG) performance of utility and other sectors players in order to monitor, guide and support the Group’s competitive advan tage and leadership position; > industry view - an overview of the macro-trends affecting business en vironment and impact assessment on the Group business through an extensive internal and external col laborative approach; > strategic dialogue - an ongoing pro cess of engaging the Board of Direc tors, management, and employees in the definition of strategies.