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Evaluating our impact

05/15/2018 - 02:45 PM

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TIM SHARED VALUE

What it is

The Shared Value Model developed by TIM is a model which allows us to determine the value, in successive stages and using qualitative and quantitative parameters, of the social impacts which the relevant business has on the relevant community and local area. The soundness of the Model has been certified by a third party organisation: PwC (PricewaterhouseCoopers), which granted Validation to this Measurement Model in 2016.

Objectives

To integrate social responsibility with business activities, thus making the most of it as an opportunity to create value not only for society, but also for the business itself, and show how sustainability can achieve economic results for the company and help the community in terms of social value and the protection of natural resources.

Measured activities and projects

Digitization of the Country, Employment Impact, TIM Ventures and Daycare centres and nursery schools in TIM are the activities and projects we have taken into consideration in 2017 to measure their value in terms of business and social impact through the TIM Shared Value Model.

DIGITIZATION OF THE COUNTRY

TO PROVIDE THE COUNTRY WITH SUPER-FAST CONNECTIONS

TIM's strategy
The challenge undertaken with the ultrabroadband plan is to become an enabler of connections between digital companies and traditional businesses, in order to create positive synergy and help public administration and local communities join the digital ecosystem
Objectives
- to facilitate the digital life of the country, contributing to the growth of the Italian economy and creating new jobs
- to guarantee high-quality ultrabroadband access
- to extend service coverage across an increasing number of areas

social value

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- €4,277 mln impact of network construction and deployment
- more than 36,200 jobs that can be activated thanks to investments in fixed and mobile networks

business value

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€4,813 mln revenue
 

IMPACT ON EMPLOYMENT

A DRIVING FORCE FOR THE COUNTRY'S EMPLOYMENT AND ECONOMY

TIM’s strategy
Telecom Italia is the key operator on the country’s path to innovation and digitalisation, which are essential for both technological transformation and the transformation of internal organisational processes. TIM is also a job creator for the supply chain that serves the company.
Objectives
- to assert and develop the “pervasive” role of TIM for the country’s economy as a whole, for the competitiveness of its companies and the efficiency of public administration
- to improve people’s well-being by generating direct and indirect employment

social value

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Approximately 109,000 direct and indirect jobs in Italy, equal to €8,214 mln, of which:
- approximately €2,546 mln of direct contributions to Italian families
- approximately €5,668 mln of indirect contributions to Italian families

TIM VENTURES

A DIGITAL INNOVATION DRIVER FOR THE COUNTRY

TIM’s strategy
TIM Ventures, which is TIM’s corporate venture capital, is one of the tools with which TIM has implemented its Open Innovation strategy, a distinctive factor for digital innovation.
The business and its rules of play change at an incredible pace. The products and services require continuous research. Talent and competences are fluid.
Therefore, innovation is increasingly a critical factor of success for a business. And in a dynamic, digital context like that which TIM operates in, innovation must be applied using not only internal resources, laboratories and its own in-house R&D departments, but also by seeking assistance from the outside world, taking an “Open Innovation” approach, to use the expression coined in 2003 by the US economist Henry Chesbrough, who directs the Garwood Center for Corporate Innovation at the Haas School of Business - UC Berkeley’ and has made many important written contributions in the field.
Objectives
The TIM innovation also involves entrepreneurial open innovation. Investment in digital start-ups in synergy with the TIM business strategy aims to create and promote a mutually profitable virtuous circle, in which, on the one hand, TIM seeks to make the most of the best product and service innovations, optimising the time-to-market for innovations and, on the other, the funded organisation finds in TIM an entity that can support its development and act as a partner and industrial point of reference.

social value

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€2.6 mln invested
75 employees of TIM Ventures subsidiaries
+ €2.9 mln the value of production of TIM Ventures subsidiaries
+ €7.9 mln the total risk capital collected by TIM Ventures subsidiaries

business value

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14 start-ups in the portfolio
 

TIM DAYCARE CENTRES AND NURSERY SCHOOLS

PEOPLE CARING

TIM’s strategy
The passion with which people work is essential for the survival of any company. Economic sustainability therefore also depends on the respect and care that companies show for their employees. On the basis of this belief, TIM undertakes numerous initiatives to ensure that people can go peaceably about their work and, as far as the company is able to assist in this respect, their day-to-day personal lives.
Objectives
- to respect the work-life balance of its employees
- to support the needs of children and families in general
- to promote diversity in the workplace, offering flexible and personalised solutions

social value

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over €1.37 mln
23 nurseries and 2 kindergartens
424 available places
average contribution per child €3,200

business value

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Reduction in absences of working mothers and consequent reduction in the costs of absenteeism
Reduction in parental leave and requests for part-time