Governance of sustainability

The Code of Ethicsi

The Code of Ethics was approved by the Board of Directors on December 21, 2006. The result of internal reflection that involved the top and first-line management, it is the highest reference for identifying the sustainability issues that are significant for Ternai and establishing internal policies and guidelines.

One of the commitments expressed in the Code is to provide evidence in the Sustainability Report of the implementation of the Company’s environmental and social policy, as well as a comparison of the objectives with the results achieved.  

At the beginning of 2010, Terna completed a Company-wide campaign to disseminate the Code of Ethics and its contents, which had been started in 2009 in concurrence with the installation of the Ethics Committee, a body available to anyone, both within and without Terna, who wishes to obtain explanations and make reports regarding issues discussed in the Code of Ethics.   

The Global Compact

When it became a member of the Global Compact network of the United Nations at the end of 2009, Terna further consolidated its commitment to the observance of the Global Compact’s 10 principles on human rights, labor, the environment, and the prevention of corruption.

During the 2010 Global Compact Leaders Summit in New York in 2010, Terna participated in the preparation of the Yearbook 2009, a selection of the good practices of the Italian companies and organizations that adhere to the Global Compact in implementing the ten principles promoted by the initiative and in general in supporting the Millennial Developmenti Goals. Terna’s contribution regarded its commitment in support of the tenth principle: the prevention of corruption.