WORK WITH US |  General Archive |  Suppliers |  Contacts 
it-ITen-GB

In choosing the companies in which to invest, socially responsible investors (SRI) are always more often making use of specific analyses developed by one or more sustainability rating agencies, such as the EIRIS - Expert In Responsible Investment Solutions. 

These ethical rating agencies provide the SRIs with performance benchmarks in areas such as, for example: Environment, Community relations, Human resource management, Business ethics and conduct, Stakeholder engagement, Human rights, Supply chain control

The ratings are drafted on the basis of public information and questionnaires sent to the companies, at times with a request to access company documents. Corporate transparency in communicating ESG performances (Environmental, Social, Governance) is therefore an essential requirement for being part of the companies in which SRIs wish to invest. In some cases the rating is expressed through a summary indicator.

Did you know

Terna’s strategic orientation to combining sustainability and growth has been put into practice with the launch of the Group's first green bond, destined for institutional investors.
The bond has a value of € 750 million and a duration of 5 years and, as indicated in the “Green Bond Framework”, its net proceeds will be used to finance Terna’s “eligible green projects” already identified or to be identified in accordance with the “Green Bond Principles 2018” published by the ICMA – International Capital Market Association.
The Green Bond Framework was audited by VIGEO-EIRIS, an independent company which issued the Second Party Opinion.

Scopri di più

INDEXINDEX FEATURES
DOW JONES SUSTAINABILITY INDEX The DJSI indices select the companies with the best sustainability performances from among those with the highest capitalisation (the top 300 out of 2,500 companies around the world for the World Index) based on assessments carried out by the agency, RobecoSAM. This index is deemed to be the most reliable by the "Rate the raters" survey conducted by GlobeSCAN SustainAbility among a group of around 700 qualified sustainability experts representing 70 countries. Terna has been included in the DJSI World Index since 2009.
ECPIThis index was created by ECPI - an Italian agency founded in 1997 which specialises in ratings, sustainability indices and research to incorporate non-financial information into investment processes - based on its own analysis of European companies' sustainability performances. Terna has been included since 2007.
ETHIBEL SUSTAINABILITY INDEX (ESI)The indices are calculated on the basis of ratings produced by Vigeo, which, as an initial population, include the approximately 10,000 ratings that are contained in the Russell Global Index. Inclusion is subject to the positive opinion of the Ethibel Forum, a panel of independent experts on the various aspects of sustainability. Terna has been included in the ESI since 2009.
EURONEXT VIGEODeveloped by the Vigeo rating agency, these indices are based on a population of companies listed in North American, Asian and European markets and included in the STOXX® 1800 list. Vigeo's ESG indices are drawn up on the basis of a methodology including over 330 indicators and 38 sustainability criteria. Terna has been included in the World 120, Eurozone 120 and Europe 120 lists since 2012, the year in which they were introduced.
FTSE ECPIIntroduced in 2010, these are the sole sustainability indices comprising a selection of companies listed only on the Italian Stock Exchange, based on analysis by the company, ECPI. Terna has been included in the FTSE ECPI since 2010.
FTSE4GoodThe FTSE4Good indices group together the best companies in terms of sustainability performance based on analyses carried out by Evalueserve. The index is reviewed twice a year, in March and September. Terna has been in the index (Global and Europe lists) without interruption since 2005.
MSCI GLOBAL SRI GLOBAL SUSTAINABILITYMSCI has integrated the original KLD indices - among the first to track companies' non-financial performance, and which are still one of the most accredited benchmarks in the United States - with other sustainability indices. Terna's has been continuously included since 2007.
STOXX® ESGLaunched in 2011, these indices are based on assessments made by the Sustainalytics rating agency, and select the best shares in terms of ESG performance (around 350) from the 1,800 in the STOXX® Global general index. Admission to the Global ESG Leaders Index, requires inclusion in at least one of the three specialist indices (Global Environmental Leaders, Global Social Leaders and Global Governance Leaders). Terna is the only Italian utility company to be included in all three of them. Terna has been included in the index since 2011.
STOXX® LOW CARBONLaunched in February 2016, the STOXX® Low Carbon Indices aim to provide a selection of companies with low CO2 emissions. The selection of companies is based on data gathered by the CDP (Carbon Disclosure Project). The components of the indices are selected from the STOXX ® Global 1800 list based on their carbon intensity (Scope 1 and Scope 2 of the GHG Protocol), based on the ratio of emissions to revenue.
UNITED NATIONS GLOBAL COMPACT (“GC100”)Established in 2013 by the United Nations Global Compact in collaboration with the research company, Sustainalytics, this index encompasses the 100 companies that have distinguished themselves at global level, in terms of both their attention to sustainability issues and their financial performance, and which comply with the ten fundamental United Nations principles regarding human rights, labour, the environment and efforts to combat corruption. Terna has been included in the index since 2013.