(PRESS RELEASE) ROME, 29-Mar-2021 — /EuropaWire/ — Italy’s national electricity transmission grid operator Terna announces that Standard Ethics has upgraded its corporate rating to “EE-” from the previous “E+”, with a long-term “positive” outlook. Standard Ethics views that Terna is very focused on the challenge of voluntarily aligning itself with the international ESG (Environmental, Social and Governance) indications provided by the UN, OECD and European Union.
The strategy of Italy’s national electricity grid operator confirms its orientation towards combining sustainability and growth, to facilitate the ecological transition and generate increasing benefits for Italy; 95% of our planned investments in the 2021-2025 Industrial Plan are by their nature sustainable
Sustainability is confirmed as a core focus in Terna’s activities by its 2021–2025 Industrial Plan: based on the criteria of the European Taxonomy, 95% of the approximately € 9 billion of investments planned for the next five years are by nature sustainable. The strategy of the largest electricity transmission grid operator in Europe is therefore confirmed as being oriented towards combining sustainability and growth, to encourage the ecological transition and generate increasing benefits for Italy and all its stakeholders.
Terna was recently recognised as one of the 50 most sustainable companies in the world on the occasion of the 2020 SEAL (Sustainability, Environmental Achievement & Leadership) Business Sustainability Awards.
This important recognition by Standard Ethics is added to the excellent performance achieved by Terna in the international sustainability indices: Bloomberg GEI, Euronext (World, Europe and Eurozone), FTSE4Good (Global and Europe), STOXX® ESG (Global, Environmental, Social and Governance), STOXX® Low Carbon, ECPI, ESI (Ethibel Sustainability Index), MSCI, United Nations Global Compact (“GC100”).
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SOURCE: TERNA S.p.A.