TIM joins MIB ESG index of Euronext and Borsa Italiana

TIM has joined the new MIB® ESG index launched by Euronext and Borsa Italiana. The new basket is dedicated to blue chip companies listed in Italy who adopt the best environmental, social and governance (ESG) practices.

TIM’s commitment to ESG principles is confirmed in its 2021-2023 Strategic Plan: since January the Group has aligned its funding sources, by placing multi-year and measurable objectives at the heart of its development strategy. With this in mind, the first Sustainability Bond worth one billion euros was placed at the start of the year and saw great success.

TIM has set itself the objective of going carbon neutral by 2030 and using energy exclusively from renewable sources by 2025, thus eliminating indirect emissions.

At the same time, the Group strengthened its sustainability Governance by establishing a sustainability board committee, chaired by Salvatore Rossi, which is tasked with accelerating the implementation of ESG commitments, among other things.

The development of technologies and projects in line with ESG principles is also central to TIM’s plan. In terms of technological innovation, for example, there is the cloud by Noovle (Benefit Company of the Group), plus solutions for the development of smart cities and smart agriculture. TIM is also committed to promoting values and best practices through projects such as 4Weeks 4Inclusion and Operazione Risorgimento Digitale, with the aim of disseminating the culture of inclusion and the growth of digital skills in Italy.

TIM is also part of Euronext Vigeo-Eiris sustainability index and the Nasdaq Sustainable Bond Network, the sustainable finance platform managed by Nasdaq that brings together investors, issuers, investment banks and specialised organisations.