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Telecom Italia enters the Climate Disclosure Leadership Index Italy

12/03/2014 - 04:15 PM

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Hard on the heels of the award of telecoms "best in class" Dow Jones Sustainability Indexes, another major achievement: the entry of Telecom Italia into the Climate Disclosure Leadership Index Italy.

The Group was included in this index, which covers the 11 biggest Italian companies, with a score of 93/100, which confirms the quality and completeness of the Group's answers about the size and management of its "carbon footprint", on its climate change strategy, its process for identifying and managing the associated risks and the business opportunities that may result from this.

What is it exactly? The index is based on a questionnaire from the Carbon Disclosure Project (CDP).  The CDP is one of the most important international not for profit organisations to which 767 institutional investors representing a total of 92 trillion US dollars of capital, engaged in assessing the transparency of information disseminated by companies on climate change.

The CDP has developed a globally recognised system with which companies and cities can measure and share environmental information of fundamental importance in order to work on transforming the way we do business, to avoid a dangerous change in the climate, and to protect natural resources.  

In 2014, the CDP invited the 100 most highly capitalised companies on the Italian stock exchange to respond to its questionnaire on climate change. Naturally, transparency by investors and interested parties in their assessment of the extent to which companies are equipped or positioned to face the risks and opportunities offered by the challenge presented by climate change is an essential prerequisite.

Telecom Italia has been participating in the CDP initiative since 2005 and has reached significant levels of performance in terms of disclosure, thanks to precise analysis of the implications of climate change and the actions taken against it. This year it entered the index of the Climate Disclosure Leadership Index Italy.