Terna’s Board of Directors that met on December 16, 2009 resolved
to join the Global Compact,
the multi-stakeholder network promoted by the United Nations that joints Governments,
Companies, UN Agencies, unions and other organizations of society with the purpose of
10 universal principles in the fields of Human rights, Labor, Environmental protection and Fighting corruption.
The Global Compact – mentioned dince 2006 in Terna’s Ethical Code as a general
reference to the major basic principles of ethical and sustainable corporate conduct – obliges all
its members to promote and support these principles and more generally, also the
Millennium’s Development Goals defined by the United Nations.
The activities carried out are included as Communication on Progress: through this annual tool, Terna informs and advises its stakeholders of
activities implemented and of results reached with respect to the 10 principles.
For the quality of information published, the Terna's CoP are classified "advanced",
the highest level above "basic" and "active".
Terna supports the initiatives of the Global Compact Network Italia also through the active participation
(since November 2011) in the Italian Steering Committee.
On 10 June 2013, the Foundation was established by the Global Compact Network Italy that takes
up the mission of the Network and aims to raise awareness of the United Nations Global Compact (UNGC),
supporting a rise in subscriptions in the country and promoting the commitment to corporate sustainability
by Italian member businesses and organizations. Terna is one of the 18 organizations that participated
in the establishment of the Foundation, with a representative on the Steering Committee.
Terna at the Private Sector Forum in New York
Terna's CEO, Luigi Ferraris, took part in the Private Sector Forum,
the annual Global Compact event held at the United Nations General Assembly in New York,
which is attended by the CEOs of large companies, investors, heads of state and government,
United Nations representatives and civil society. In line with the commitments in the 2030 Agenda,
the Global Compact invited 300 leaders from around the world to discuss how to mobilise the
necessary financial support to achieve the SDGs.
Terna's CEO presented a document to the Global Compact, containing concrete proposals for facilitating
the financing of the SDGs, such as inviting the relevant institutions to include
environmental and social requirements in public tenders , and investors to stop making a
distinction between financial and sustainability analysts..
Within the respective sphere of influence, the members of the Global Compact must:
- promote and respect universally recognized human rights (Principle I);
- guarantee not being, even indirectly, in complicity in abusing human rights (Principle II).
Members of the Global Compact are required to:
- support the freedom of association of employees and recognize the right to collective bargaining (Principle III);
- eliminate all forms of forced and compulsory labor (Principle IV);
- eliminate all forms of child labor (Principle V);
- eliminate all forms of discrimination based on employment and profession (Principle VI).
Members of the Global Compact must:
- support a preventive approach with respect to environmental challenges (Principle VII);
- undertake initiatives that promote greater environmental responsibility
- encourage the development and spread of technologies that respect the environment
Members of the Global Compact must fight corruption in all of its forms, including extortion (Principle X).