Now in its tenth edition, the 2014 Sustainability Report has many innovations: the first is the adoption of the GRI-Global Reporting Initiative G4 guidelines, a year in advance compared to their definitive entry into force.
With this new standard, reporting becomes more focused on Governance and the Supply Chain and more strongly adherent to the principle of materiality, i.e. focused on the most relevant issues for the company and its stakeholders.
Another innovation of the 2014 report is the publication of the results of the materiality analysis and the stakeholder review map.
In line with the G4 recommendations, the supply chain is addressed in a new and more comprehensive manner, focusing on the safeguards put in place by Terna on environmental issues and human rights.
The central chapters on economic, environmental and social responsibility start by presenting their respective materiality matrices: an additional and immediately understandable tool that offers an overview of what are, in the individual chapter, the issues actually relevant for the company and its stakeholders.
Finally, for the fifth consecutive year, comparisons with other companies have been made on four significant environmental and social indicators - CO2 and SF6 emissions, employee turnover and training, respectively - to allow interested stakeholders to evaluate Terna's data and performance also in relation to other companies.
The Sustainability Report also constitutes the annual Communication on Progress (CoP) to the Global Compact with which Terna illustrates its commitment to promotion and support of its 10 principles regarding Human Rights, Labor, the Environment and Anti-corruption. For the level of transparency and completeness, Terna's CoP is assessed at the "Advanced" level, the maximum possible. Out of 12,962 companies and organizations participating in the Global Compact, 1,3921 have an "Advanced" level CoP, of which only 9 Italian (in addition to Terna, ACEA, Italcementi, Pirelli, SNAM, Edison, Telecom Italia, A2A and ENI).
- Data at 2015/05/25, source: UN Global Compact website