Issuer's profile

Mission

“Terna is a leading grid operator for energy transmission. The Company manages electricity transmission in Italy and guarantees its safety, quality and affordability over time. It ensures equal access conditions for all grid users. It develops market activities and new business opportunities with the experience and technical skills gained in the management of complex systems. It creates value for the shareholders with a strong commitment to professional best practices and with a responsible approach to the community, respecting the environment in which it operates”.

Social Responsibility

Terna manages all its activities focusing on their possible economic, social and environmental consequences and in adopting a sustainable approach to business, has identified a method for creating, maintaining and consolidating a relationship of mutual trust with its stakeholders, that is useful for the creation of value for the Company, society and the environment.

Terna's main orientation for Social Responsibility can be found in the Code of Ethics and in the Company's mission, and entail defining its concrete and measurable responsibilities and objectives in economic, environmental and social areas, in addition to the one specific to Terna, that of responsibility for the electricity service.

From the point of view of sustainability, respect for the environment is particularly important. The physical presence of pylons, electricity lines and stations which interact with the landscape and biodiversity represent indeed the most significant impact of Terna's activities. That is why Terna has chosen the approach of negotiation and coordination with Local Authorities, also involving potentially significant stakeholders such as the main environmentalist associations to take environmental needs into consideration from the early stages of planning new lines. Terna has also developed a management system to control and limit the environmental impact of its activities. Thus, consideration of environmental issues matches the Company's interest in implementing grid development investments and in the more general interest of community for a reliable, inexpensive and environmentally safe electricity system.

The results of this management approach, oriented towards continuous improvement through the definition of economic, social and environmental responsibility objectives are presented in the Sustainability Report, indicated by the Code of Ethics as an instrument to give the stakeholders an account of the degree of implementation of its undertakings, and published yearly since 2006.

For its Sustainability Report, Terna adopts the international standard G3.1-Sustainability Reporting Guidelines of the Global Reporting Initiative (GRI), a leading global organization that develops guidelines on reporting sustainability, and then submits it for analysis to an external auditor and to the Board of Directors for approval.

Since the 2009 edition, the Sustainability Report has obtained an A+, the highest level provided for by the GRI standard, for transparency and completeness of information.

Among the main 2012 results for CSR it is worth mentioning:

  • the revision of the ethical measures and environmental and social responsibilities in relation to the reorganisation of the Group and the strategic objectives that, in particular, establish the adoption of the Code of Ethics and the Organisational Model pursuant to Italian Legislative Decree no. 231/2001 by new Group companies and the revision, update and, if necessary, strengthening of such measures in the supply chain;
  • the continuation of the activities for the set-up of a management system inspired by energy efficiency, in line with the criteria set forth by ISO 50001;
  • the signing of a Memorandum of Understanding with the 18 main consumer associations aimed at sharing proposals and actions on subjects of shared interest, relating to the national electricity transmission grid, in favour of users of the electricity service;
  • the active participation in the pilot programme of the International Integrated Reporting Council (IIRC) with the study and implementation of a greater integration of the financial and sustainability information in the Report on Operations and on Terna's official website;
  • the implementation of a survey on Terna's commitment to social aspects in order to get to know the opinions of selected stakeholders with regard to their initiatives in the social field in order to assess the level of knowledge and obtain information on an effective, coherent organisation of future initiatives.

Terna's commitment to improving its ESG (Environmental, Social Governance) performance has been considered positively in sustainability ratings, in the inclusion of the main international sustainability stock exchange indexes and in the appreciation of socially responsible investors.

In 2012, Terna was confirmed on all main international sustainability stock market indexes and was included in the new range of Vigeo ESG indexes.

In January 2013, Terna, the only Italian electrical company, was confirmed for the second year running as part of the Gold Class of the "RobecoSAM Sustainability Yearbook 2013", which this year includes only 67 companies in the world. The fact of belonging to the Gold Class requires a ratings score that must be less than 1% from that of the sector leader.