Environmental responsibilityThe identification of environmental costs is based in the first place on the available definitions, in particular those of Istat (National Statistical Institute), Eurostat, and the GRI, as well as on the recommendation of the European Commission regarding the recording and disclosure of environmental information in annual accounts and reports (Recommendation 2001/453/EC). According to this recommendation, “the term ‘environmental expense’ includes the cost of measures taken by a company, directly or indirectly through third parties, to prevent, reduce, or remedy damage to the environment caused by its operating activities. The costs in question include, among other things, the disposal of waste and measures aimed at preventing its formation, the protection of the soil and surface and underground water, the protection of the air and climate from pollution, the reduction of acoustic pollution, and the defense of biodiversity and the landscape”.

In the second place, the aforesaid definitions were applied to the environmental aspects considered significant (for example, the noise of stations, electromagnetic fields) in the Company’s ISO-14001-certified Environmental Management System to identify in the main corporate [processes Terna’s operating and investment activities with environmental significance.  

Many of Terna’s activities described in this Report entail environmental expenses. However, several limitations were introduced in determining the recording boundary:

  • exclusion of integrated costs, i.e. regarding activities whose purpose is not exclusively environmental (for example, the use of towers with features that are innovative also from the point of view of their environmental integration) because of the subjectivity of recording only the environmental components
  • exclusion of the additional costs connected with the consideration of restrictions or requests for the safeguard of the environment during the stage of planning and designing new lines (detours, burials).    

Other conditions were that the costs were

a) significant,
b) consistent with the annual reporting of accounts (operating costs and investment clearly distinguished), and
c) directly recordable by the existing corporate accounting system. The last condition regards the need to minimize recourse to estimates based on off-the-books analysis.