Terna at the top of sustainability. The company led by Stefano Donnarumma was included, for the second consecutive year, in the MIB ESG, the blue-chip index for Italy, with the top tier being “advanced”. The index – created last year – combines the measurement of economic performance, with ESG impacts, in line with the principles of Global Compact of the United Nations, evaluating and selecting companies based on the results of the periodic assessment conducted by the ESG rating agency Vigeo Eiris (VE), part of Moody's ESG Solutions, which measures around 300 indicators, relating to 38 sustainability criteria.
What is the Mib ESG Index
They are part of the MIB ESG the top 40 Italian listed companies - on a basis of 60 most liquid companies - that meet the Environmental, Social and Governance criteria. Consequently, companies operating activities that are not compatible with this type of investment are excluded.
The index is reviewed every three months, with the aim, if necessary, of understanding those companies that have demonstrated improvements compared to the previous evaluation.
The survey consists of different levels of analysis and investigates the environmental, social and governance performance of a company through a structured process that takes into account specific KPIs (e.g. employee turnover rate; direct emissions of CO2; percentage of women in management) and the policies implemented (e.g. Code of Ethics; Human Rights Policy; Diversity promotion policy). The final judgment is divided into four different bands.
Terna included in all the main ESG indices
Recently, Terna was reconfirmed, for the eleventh consecutive year, also in the indexes Euronext Vigeo Eiris World 120 – which includes the top 120 companies for environmental, social and governance (ESG) performance globally – and in Europe 120 and Eurozone 120 regional indices. The company that manages the national transmission network was also included, for the eighteenth consecutive year, in the FTSE4Good, the prestigious international index that evaluates the environmental, social and governance (ESG) performance of companies from all over the world. Terna was also reconfirmed in the index S&P Global 1200 ESG which rewards the best sustainability performance of international companies with the largest capitalization based on the score obtained in the Corporate Sustainability Assessment, the sustainability assessment carried out every year by the rating agency Standard & Poor's Global.
Furthermore, as the company underlines in a note, Terna is present in the main ESG indexes and in the most important international rankings, including: Dow Jones Sustainability Index, Bloomberg Gender Equality Index, Standard & Poor's Gender Equality & Inclusion Index, ECPI extension, Msci, GLIO/GRESB ESG Index e Stoxx Global ESG Leaders.
