The Code of Ethics

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The Code of Ethics was approved by the Board of Directors of December 21, 2006. The result of a process of internal reflection which involved top management and the first management line, it is the highest reference in identifying the sustainability issues relevant for Terna, and in defining internal policies and guidelines. It can be used as a concrete guide for everyday decisions, helping to achieve the objective of establishing and consolidating a relationship of trust with the stakeholders.

The Code is divided into five sections, which describe:

  • general ethical principles (legality, honesty, and responsibility) and those particularly significant for Terna’s business(good management, respect, fairness, and transparency);
  • the conduct required, specifically from employees, with regard to general issues of loyalty to the Company, conflicts of interest, and safeguarding corporate assets;
  • the main guidelines on conducting relations with stakeholders;
  • Terna’s commitments to ensuring observance of the Code;
  • the rules for implementing the Code and the persons responsible.

One of the commitments expressed in the Code is providing evidence in the Sustainability Report of the implementation of the Company’s environmental and social policy, as well as the consistency between objectives and results achieved.

The Code of Ethics is available in the Corporate Governance area of the Investor Relations section on Terna’s institutional website.