| Invested through / Financed by |
|
|---|---|
| Asset class | Listed equity, Impact bonds & Corporate bonds |
| Impact strategy | Impact Equities and Bonds |
| Sector | Sustainable Energy |
| ISIN code | XS2209023402, XS1980270810 |
| Industry group | Utilities |
| Sustainable Development Goals (SDGs) |
Terna operates the high-voltage and extra-high voltage grid in Italy and transmits electricity. The company plays a central role in the ongoing transformation of the electricity market towards the use of eco-compatible and renewable sources of electricity, guaranteeing a secure and efficient supply to households and businesses. Founded in 1999 following the liberalisation of the electricity sector, the company is headquartered in Rome.
Investment rationale
Terna plays a pivotal role in enabling the energy transition, by strengthening and adapting its grids for more decentralised electricity generation, heavier peaks of supply and demand and more generation of renewable energy.
XS2209023402
In total, 88% of revenues of this green bond is aligned with the Energy Transition and 13% of revenues is aligned with the Resource Transition.
The contribution to the Resource Transition comes from 13% of proceeds allocated to the impact objective Sustainable Water & Wastewater Management.
The contribution to the Energy Transition comes from 74% of proceeds allocated to the impact objective Renewable Energy, and 13% of proceeds allocated to Energy Efficiency.
XS1980270810
In total, 92% of revenues is aligned with the Energy Transition and 8% of revenues is aligned with the Resource Transition.
The contribution to the Resource Transition comes from 8% of proceeds allocated to the impact objective Sustainable Water & Wastewater Management.
The contribution to the Energy Transition comes from 70% of proceeds allocated to the impact objective Renewable Energy, and 22% of proceeds allocated to Energy Efficiency.