Internal organization

Particularly important from the point of view of sustainability are:

  • the presence of a Corporate Security and Safety Department entrusted with, among other things, Risk Management, Fraud Management and the safeguard of the Company’s physical, human, and financial resources, as well as occupational safety. Risk Management has the objective of assessing the types and outcomes of possible disturbances to the regular carrying out of corporate activities. The method for risk management allows identifying various causes that can lead to deviating from the established goals and quantifying their consequences so as to support decisions regarding the possibility of preventing, limiting, transferring or accepting corporate risks. Risk Management is focused on analyzing causes that have not yet been determined, assuming that determined, certain, or highly probable causes should have already been addressed and preventively eliminated. The Fraud Management unit has the objective of safeguarding the Company’s assets (material and human resources, direct and indirect benefits) in the face of illegal events that could compromise them with activities aimed at preventing and managing corporate fraud. This activity takes the form of constantly monitoring processes, checking reports of illegal activities, implementing memorandums of understanding and assessing and monitoring compliance risk.

In managing corporate risks, Terna adopts procedures suitable for guaranteeing operating efficiency and market growth opportunities.

  • the presence of a Corporate Social Responsibility Unit in the External Relations and Communication Department, which – in cooperation with all the corporate departments and referring to the best practices – contributes to establishing the Company’s sustainability objectives regarding the ethical, social and environmental context as well as sustainability governance and communication of the objectives and results of Corporate Social Responsibility. The unit also constantly monitors the risks connected with aspects of sustainability that entail potential negative repercussions on the Company’s reputation and intangible value through the analysis of the ratings of the leading agencies (such as SAM - Sustainable Asset Management; Vigeo, and Eiris) which periodically prepare sustainability assessments;
  • the creation in 2009 of a Sustainability and Environmental Steering Committee, whose members are the heads of the departments that share the responsibility of implementing sustainability projects and monitoring their impacts;
  • the use since 2009 of SDM (Sustainability Data Manager) dedicated software for managing the sustainability information system, which currently includes more than 1,500 indicators linked to textual information, data, conversion factors, and formulas for monitoring Terna’s environmental and social performances;
  • the presentation to the Board of Directors, upon the approval of the Sustainability Report, of sustainability objectives and results.