Global Compact

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HR5In becoming a member of the Global Compact (2009), the multistakeholder network of the United Nations, Terna further consolidated its commitment to complying with the Global Compact’s 10 principles on human rights, HR6labor, the environment and the prevention of corruption. HR7
These principles were already referred to in Terna’s Code of Ethics as a benchmark for the Company’s initiatives regarding sustainability and corporate social responsibility.

During 2011, Terna joined the Steering Committee of the Italian Network. Additional information on Terna’s activities in the Global Compact Network Italia are described below.

Terna’s Commitment in the UN Global Compact

Global compact

In 2011, Terna increased its commitment in the Global Compact Network Italia, the Italian multistakeholder organization that in line with the directives of the headoffice in New York, promotes the culture of corporate citizenship through the “Global Pact” launched in 1999 by the UN General Secretary at the time, Kofi Annan.

The network’s activities have registered a significant increase also with respect to the annual meeting of the European networks that was held in Rome in October.

“Public-Private Joint Efforts Towards Rio+20” is the subject that was discussed by representatives from the business world, non-profit organizations, universities and civil society for making a contribution toward implementing a more inclusive and sustainable global economy, in line with the 10 universal principles on human rights, labor, environment and the prevention of corruption.

During the annual meeting of European networks, that coincided with the closing of the European Year of Volunteering, Terna organized at the Ministry of Foreign Affairs, the institutional venue of the Global Compact’s event, the photographic exhibit by Daniele Tamagni on the electrification of the Andes region of Kami, in Bolivia, made possible thanks to the profit/non-profit partnership with the NGO COOPI - International Cooperation.

During 2011, Terna participated in the Working Group focused on the environment and formed by Acea, Altran, Coca Cola HBC Italia, Consorzio CBI, Edison, Eni, Fondaca, Fondazione per lo sviluppo sostenibile, Intesa Sanpaolo, Italcementi, Snam Rete Gas, Sodalitas, Studio Legale Cocchi, Terna and Unicredit.

Terna’s commitment to Global Compact was expressed also by improving Communication on Progress (CoP), the annual reporting of its activities in support of the 10 principles that the organizations belonging to the Global Compact must submit to the headoffice in New York.

As of 2011, Terna has been one of the 10 Italian companies, out of the 114 participating in the network with an “advanced” level (the highest, above “basic” and “active”) for its CoP. In order to obtain this result, Terna submitted its 2010 Sustainability Report to an analysis based on 24 criteria regarding Strategies, Governance and Stakeholder involvement, UN objectives and purposes, protection of human rights, labor, environment, prevention of corruption and creating a value chain. The results of this self-assessment are published in the area dedicated to Terna on the Global Compact’s official website at www.unglobalcompact.org.

As of November 2011, Terna joined the Steering Committee of the Italian network.