Internal organization

With a view to sustainability, the following are of particular significance:

  • the presence of a Corporate Security Department with the responsibility, among others, of overseeing Risk Management, Fraud Management and the security of physical and human resources and assets of the company, as well as workplace safety. Risk Management has the task of assessing the types and results of possible disturbances of the normal performance of the corporate activities. The risk management methodology makes it possible to identify some of the causes that can lead to deviation from the planned objectives, and to quantify their consequences so as to support decisions on the appropriateness of preventing, limiting, transferring or accepting business risks. Risk Management is focused on analysing still undetermined causes, given that known, certain or at least highly probable causes should have already been dealt with and eliminated in advance. Fraud Management aims to guarantee that corporate assets (tangible and intangible resources, direct and indirect benefits) are safeguarded against illegal events that could compromise them, through activity focused on preventing and managing corporate fraud. The activity translates into continual monitoring of processes, verifying and managing crime reports, developing and implementing protocols of understanding, and assessing and controlling compliance risk;
  • the presence of a Corporate Social Responsibility Unit, part of the External Relations and Communication Department, which, in collaboration with all company management and with reference to best practices, helps define the company's sustainability objectives from an ethical, social, environmental and sustainability governance point of view, and the communication of objectives and results of corporate social responsibility. The unit also constantly monitors the risksconnected with sustainability considerations, which entail potential negative fallout for the company's reputation and intangible value, by analyzing the ratings of the main agencies (such as: RobecoSAM, Vigeo; Eiris), which prepare regular sustainability assessments;
  • the establishment in 2009 of a Sustainability and EnvironmentalSteering Committee, whose members are the heads of departments sharing the responsibility for implementing sustainability projects and monitoring their impacts;
  • the use since 2009 of SDM - Sustainability Data Manager, dedicated software for the management of the sustainability information system, which currently collects more than 1,500 indicators linked with textual information, data, conversion factors, and formulas for monitoring Terna’s environmental and social performances;
  • the presentation to the Board of Directors of sustainability objectives and results, at the time it approves the Sustainability Report.