Sustainable Development constitutes the driving force behind the Group’s operations and sets at its core criteria based on business ethics, environmental protection, social progress and prosperity, quality, innovation, high-end technology and expertise. TERNA ENERGY aims to ensure that its operations are aligned with the Sustainable Development principles and contribute to the national energy goals.

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ESG
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Continuous contribution to society

Our active role in local communities is perceived through our social contribution. Such are the development of infrastructure projects that improve the daily lives of citizens but also the actual support we provide to local schools, local authorities and bodies, local cultural and sports clubs, universities and individual students, NGOs and health centers. Through these actions and initiatives, we strengthen the social structures and the work of local authorities, we promote the education and training of young people, we highlight the cultural heritage of each region, we cultivate the environmental awareness of citizens and we promote sports, the good health and well-being of citizens.

Our total social contribution for 2020 amounted to 1,306,611 euros.

Offsets

Part of TERNA ENERGY’s revenues are converted into social benefit, either directly in contributions or indirectly in discounts in electricity bills and construction of infrastructure projects that meet local community needs and improve everyday life. Specifically, 3% of the gross annual revenues from the operation of each RES project is rendered to the local communities, of which, 1.7% is provided, through the Electricity Market Operator SA and the Hellenic Electricity Distribution Network Operator, to the municipalities that host our projects.

In 2020, this amounted to 4,957,553.64 euros.

Respect and promotion of the cultural wealth of the areas we operate in

TERNA ENERGY operates in a balanced manner with clear reference to the three pillars of Sustainable Development, namely the environment, the economy and society. Realizing RES projects is one of the Sustainable Development parameters with an impact on the environment and ecology. Over and above the company’s contractual obligations for preserving antiquities within each project’s territory, TERNA ENERGY is active in the wider area of its projects with the aim to promote and highlight the cultural heritage (man-made environment). Recognizing the essential and constituent role of culture as a primary factor in developing the economy and society, the company develops a broad sponsorship program.