Our ESG vision

ESG vision

We believe that digital transformation is the key to the social and economic development of our Country and to the protection of our territory. Read more

Latest press releases

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Read the latest press releases and search the archives of TIM Group's Press Office.

ESG indexes and ratings

Sustainability indexes are stock indexes in which securities are selected not only on the basis of economic-financial parameters but also in the light of social and environmental criteria. The selection process is carried out by specialised agencies that assess companies on the basis of publicly available information or questionnaires, taking account of opinions expressed by media and stakeholders. Inclusion in these indexes is of strategic importance to companies, both for the positive repercussions on their reputation and for the fact that, in addition to the pension funds and ethical funds, an ever increasing number of investors favour sustainable companies, considering them to be less risky and more promising in the medium to long term.

Taking part in the process of evaluation is, moreover, a timely moment for reflection within the company on the results achieved. The suggestions of the rating agencies at the end of the process are taken into consideration when planning improvement actions in the future.

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Latest updates

In October 2021 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.

The composition of the index is based on the analysis of ESG criteria by Vigeo Eiris (V.E.), a Moody’s ESG Solutions company, which assesses the ESG performance of issuers.

The methodology underlying the index,  provides a ranking of the 40 best companies on the basis of ESG criteria, chosen from the 60 most liquid Italian companies, excluding those involved in activities that are not compatible with ESG investments.

TIM is present in the Bloomberg Gender Equality Index (GEI) from 2020 and in 2022 had a score with a significant improvement. 

Bloomberg GEI is an international index that tracks the performance of public companies committed to disclosing their efforts to support gender equality through policy development, representation, and transparency across five dimensions: female leadership & talent pipeline, equal pay and gender pay parity, inclusive culture, sexual harassment policies, and pro-women brand.

TIM is present in the Dow Jones Sustainability Europe and World Indices of S&P Global since dal 2003 and in 2022 is confirmed in the Dow Jones Sustainability Europe Index as the only italian company in the telecommunications sector

The index assesses the best performing companies on the economic, environmental and social criteria basis. The S&P Global Corporate Sustainability Assessment (CSA) is an annual assessment of corporate sustainability practices. It covers and focuses on sustainability criteria that are specific for the industry and also financially relevant.

SPG - Enterprise-686407_Yearbook Award Logos - Logos Master File FINAL

TIM received the important award Bronze Sustainability Yearbook Award 2022

Over 7,500 companies assessed, only 700 companies made it in the Yearbook with top scores. All companies receiving a total score of at least 54 and whose score is within a range of 5% to 10% of the industry’s top-performing company’s score, receive the Bronze Class Award. For TIM, it is an important milestone thanks to its inclusion in the Dow Jones Sustainability Index World and the Dow Jones Sustainability Index Europe, which demonstrates the Group’s increasing commitment to sustainability issues.

Following the July 2021 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, in 2003.

Refinitiv Index

TIM is present in the Refinitiv Diversity and Inclusion Index from 2020 and in 2022 TIM is confirmed once again among top 100 companies and also as the first company in Italy and in South America in the telecommunications sector for inclusion policies and promotion of diversity.

Refinitiv Diversity and Inclusion index focuses on topics as Diversity, Inclusion, People Development, Controversies and is a part of the ESG data analyzed by Refinitiv that targets D&I.

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.

TIM participates in the CDP questionnaire since 2010 and in 2022 was classified in the "B" list relative to Climate Change (since 2016 the survey has adopted the assessment methodology based on 4 progressive levels from D to A).

The result achieved by TIM is a proof of high environmental awareness, advanced sustainability governance and leadership in addressing climate change. The assessment follows also the recognition for the environmental strategy recently obtained by SBTi (Science Based Targets initiative).

CDP (former Carbon Disclosure Project) is a system for measuring, detecting, managing and sharing information regarding environmental impact globally, with the aim of encouraging the undertaking of mitigation actions. CDP carries out 3 assessments: Climate Change, Water, Forest; TIM responds to Climate Change (which is the most pertinent and relevant for the telecommunications sector).

Moody’s ESG Solutions index

In 2022 TIM is the first company in the telecommunications sector with an ESG performance above the sector average and is once again ranked in the "advanced" level of the Moody’s ESG Solutions (ex Vigeo Eiris) which is a business unit of Moody's Corporation serving the growing global demand for ESG & Climate solutions.

In the last assessment TIM obtained high scores for its environmental, social and governance performance and as of September 2021 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.

Euronext Vigeo Eiris indexes distinguish companies achieving the most advanced Environmental, Social and Governance performances. The indexes components are reviewed every year.

In May 2020 TIM has been reconfirmed as a constituent of the Ethibel Sustainability Index (ESI) Excellence Europe.

TIM position in the other indexes

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).



TIM is classified as "prime" in the ISS ESG rating.
The assessment of a company’s sustainability performance is based on approximately 100 criteria, selected specifically for each industry.


TIM is classified as "industry leader" in December 2019 and in November 2020  has been evaluated low risk rating by the  Sustainalytics Report.


ECPI Indexes:

    ECPI Euro Ethical Index

    ECPI EMU Ethical Index

    ECPI Global Developed ESG Best in class Equity

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.