Sustainability

Sustainability

06/06/2019 - 05:15 PM

1. What does it mean SRI?
2. Which is Telecom Italia strategy for the environment?
3. What is the sustainability model of Telecom Italia?

 

1. What does it mean SRI?

The Socially Responsible Investing (SRI) is a strategy of financial investments which takes into account both the investors' desire for profit and the social impacts of investments on the surrounding Community. Telecom Italia Investor Relations Dept and organize specific roadshow for this kind of investors.


2. Which is Telecom Italia strategy for the environment?

The environmental strategy of the companies of the Group is founded on the following principles:

  • optimising the use of energy sources and natural resources;
  • minimising negative environmental impact and maximising positive impact;
  • pursuing the improvement of the environmental performance;
  • adopting procurement policies that take account of environmental issues;
  • disseminating a culture promoting the correct approach to environmental issues. 


3. What is the sustainability model of Telecom Italia? 

The introducing process of sustainability in TIM Group started in 1997 with the publication of the first “Socio-environmental Report” and continues with the Ethics Codes and other similar documents. The performance of Sustainability is measured by specific indicators (Key Performance Indicators), grouped in macro-areas, in accordance with the 8 Stakeholders: Customers, Suppliers, Competitors, Institutions, Environment, Community, Human Resources and Shareholders. In demonstration of the importance that TIM attributes to the Sustainability, the information (in brief) concerning activities that regard the stakeholders, since 2003, formed part of the Report on Operations, integrating its financial and non-financial data.


The Group produces and publishes a yearly report fully dedicated to Sustainability which, since 2009, adopts the principles of the AA1000 AccountAbility Principles Standard (inclusivity, materiality, responsiveness).


In 2002 TIM subscribed the principles of the Global Compact, the most important world organization launched by the ONU in 2000 to promote environment defence and respect for human rights and working standards. The System of Sustainability Management also takes into account the principal references, agreements, regulations and international standards.

On February 14, TIM is included in the 2019 edition of RobecoSAM's Sustainability Yearbook. The Group has received the Bronze Class Sustainability Award for having obtained a high score in the Annual Corporate Sustainability Assessment (CSA).

In September 2018 TIM was confirmed for the fiftheenth year running in both the sustainability index categories of the Dow Jones (Dow Jones Sustainability Index World and Europe).

In September 2018, TIM has been confirmed in the Thomson Reuters Index on Diversity and Inclusion  and enters the TOP 25.

The Index, launched in 2016, ranks the top 100 publicly traded companies globally with the most diverse and inclusive workplaces through environmental, social and governance data. TIM's inclusion in the Diversity and Inclusion Index confirms the Group's commitment to equal opportunities, non-discrimination and inclusion, issues that TIM considers to be strategic for improving business.

Following the June 2018 review TIM has satisfied the requirements for being confirmed as a constituent of the FTSE4Good Index Series in which the company has been included since its inception.

TIM has been reconfirmed as a constituent of the Ethibel Sustainability Index (ESI) Excellence Global since 22/03/2019.

TIM has been reconfirmed as a constituent of the Ethibel Sustainability Index (ESI) Excellence Europe since 22/03/2019

TIM has been reconfirmed for inclusion in the Ethibel PIONEER and Ethibel EXCELLENCE Investment Registers since 02/02/2018. This selection by Forum ETHIBEL indicates that the company can be qualified as a sector leader in terms of Corporate Social Responsibility (CSR).

In the last half-yearly assessments TIM obtained high scores for its environmental, social and governance performance and as of June 2019 it is confirmed in the following Euronext Vigeo Eiris indexes:

World 120, which ranks the 120 listed companies with the highest level of corporate social responsibility in Europe, North America and the Asia Pacific region.

Eurozone 120 which ranks the 120 listed companies with the highest level of corporate social responsibility in the Eurozone.

Europe 120 which ranks the 120 listed companies with the highest level of corporate social responsibility in Europe.

TIM Participações, the listed holding company of the TIM Brasil Group, has had its position confirmed in the ISE (Índice de Sustentabilidade Empresarial) index, managed by BM&F Bovespa (the São Paolo stock exchange) together with the Brazilian Environment Ministry and other financial sustainability organisations.
The index consists of 35 companies which have obtained the highest scores in terms of sustainability and represent more than 44.75% of the total value of companies listed on the BM&FBOVESPA. 

You can find all the information about Telecom Italia Sustainability performances, reports and presence in the indexes under the section Sustainability of the website.