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.
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.
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