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Socio-environmental risks

05/30/2016 - 04:00 PM

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Telecommunications are part of the solution to climate changes, to social divide, and in general they give a positive contribution to the quality of life and to the safeguard of the environment.

Companies providing telecommunications services are not generally considered to be at high environmental or social risk. Still, some risks exist, and the following is a list of the most common ones: they can be considered as the telecommunications sector’s social and environmental risks.

Social Risks

Besides risks, shared by all large companies, related to labour issues (avoided, in Telecom Italia, through our policies of Social Responsibility and of Relations with Suppliers, as well as through our relations with trade unions everywhere we have operations) the most important social risks of telecommunications come from:

Social risks are mostly considered as “reputational risks”, i.e., if there were a violation of human rights due to a company, the image of that company would be harmed  and some stakeholders (for example, customers) might abandon that company.

Environmental Risks

Two main kinds of risks fall under the heading “environmental risks”:

  • Risks  to business continuity due to external environmental conditions (for example, earthquakes can destroy switching stations, exhaustion of energy sources can cause unsustainable costs)
  • Possible damages to the environment caused by the company’s operations

Naturally, the first kind of risks, which are threats to the company’s operations, is carefully analysed and monitored through specific strategies and procedures. 

As for damages which Telecom Italia might cause to the environment, the ones relative to the provisioning of telecommunication services are:

Telecom Italia monitors the aforementioned types of risk using the tools it considers most appropriate for each type. Precise targets have only been set for the types of risk for which targets can actually be useful. In particular, targets have been set for

  • new generation network coverage
  • supplier sustainability
  • reducing energy consumption