From the year's results to the creation of shared value
Dear Terna Shareholders and Stakeholders,
This year, for the first time,
the Financial Statements take the form
of an Integrated Report
IIRC Compliant: This report was drafted bearing in mind the principles
and instructions of the International Integrated Reporting Council
Group Net Profit
513.6 mln €
System Continuity Indicator: better than the reference target
Terna's inclusion in all main international sustainability stock market indices was confirmed
invested in environmental impact studies, environmental activities on existing and new plants, and offsets
Entry into service of approximately 100 km new lines and increase of the transformation capacity of approximately 2,000 MVA di potenza
FTSEMIB Index +16.6%
Utilities sector +7.1%
1.2 bil €
in line with the 2012 record levels
17 mln€ invested in
Optimisation of infrastructure and materials
Reduction of direct
Terna contributed 1.2 mln € to community initiatives, of which 1 mln € in cash, 36 thousand € in goods and 83 thousand € in staff time
Total Return to Shareholders
FTSEMIB index +20.4%
Utilities sector +14.3%
Hours of safety training 37,940
Number of injuries in the year -20%
120,115 hours of training provided
89% of the employees involved
35 training hours per capita
149 local authorities involved in 216 meetings with local communities
Dividend equal to
March 11th, 2013
Terna, as the best European utility company for returns for shareholders
Terna awarded the “International Utility Award 2013” in London by the Edison Electric Institute (EEI) of Washington DC (US The Company received the prestigious award for its Total Shareholder Return (TSR) recorded in the three years 2010-2012, which in fact came out at 24%, compared with the decidedly negative average returns of the sector and of the Italian index (DJ STOXX -10%, FTSE MIB -21%).
July 8th, 2013
Agreement with the EIB: new € 570 mln loan
Terna signed an agreement with the European Investment Bank (EIB) to obtain a € 570 mln loan to be used to expand and strengthen the Italian electricity transport system.
July 15th, 2013
New Italy-France interconnection
On 15 July 2013, the official go-ahead was given for work to begin on the new Piossasco-Grand’Ile interconnection that, together with the work to re-power one of the existing lines by 600 MW, will make the French electricity border the most important for Italy, increasing the electrical transport capacity by more than 60% (from 2,650 MW up to 4,400 MW capacity). A record-breaking project: it will in fact become the longest underground line laid anywhere in the world, with the 190 km of new lines being invisible thanks to the state-of-the-art nature of the project and the technology employed. An investment of over € 400 mln for Terna, and returns of € 150 mln a year, as soon as the project becomes operational for the Italian electricity system.
September 12nd, 2013
Terna at the top for sustainability in the DJSI for a 5th year
Fifth consecutive confirmation for Terna in the prestigious Dow Jones Sustainability Index and fourth double presence in the “World” and “Europe” baskets: this is the result of the annual review carried out by the Swiss sustainability rating agency RobecoSAM and published on 12 September 2013.
October 2nd, 2013
On 2 October 2013 the Competition and the Market Authority (CMA) resolved to attribute to Terna S.p.A. the Legality Rating with the maximum score of three stars.
October 9th, 2013
Terna confirmed sustainability leader by the STOXX ESG indices
For the third consecutive year Terna is present in these indices created by the company STOXX Limited which, on the basis of sustainability performance, selects 313 companies among the 1,800 stocks present in the initial international basket, the STOXX Global 1800 Index. Terna is one of the 104 companies at the global level – and the only Italian utility company – that can boast inclusion in all three indices, testifying to the solidity of its commitment and excellence on all sustainability fronts.