Risk events connected with the competitive and regulatory environment, economic cycles, the economic and financial conditions and performance of the markets in which the Group operates, which could influence the Company’s ability to achieve its strategic objectives.

Go to market and financial risks

Risk events connected with malfunctioning processes, procedures, information systems or human resources, resulting in losses / damage to the Company.

Risk events connected with inadequate legal documents / contracts or other situations that may expose the Company to litigation, financial loss and/or reputational damage.

Risk events generated by counterparties (financial, commercial, industrial, government) with which the Group operates or engages, including the inability to meet the obligations assumed or the possibility that the conduct of such parties may damage Terna’s reputation and/or result in losses or other damages.

Risk events connected with breaches of the law, statutory requirements, regulations and other requirements (internal and external), with a potential impact in terms of fines, financial loss and/or reputational damage

Risk events resulting from natural phenomena (e.g. earthquakes, floods, bad weather, fires, epidemics / pandemics) and human induced events (e.g., theft, sabotage, terrorist attacks and other geopolitical risks).