Invested through	Triodos Pioneer Impact Fund Triodos Impact Mixed Fund - Defensive Triodos Impact Mixed Fund - Neutral Triodos Impact Mixed Fund - Offensive Triodos Euro Bond Impact Fund Triodos Multi Impact Fund Triodos Impact Strategy Fund - Defensive Triodos Impact Strategy Fund - Balanced Triodos Impact Strategy Fund - Offensive Triodos Impact Strategy Fund - Dynamic
Asset Classes	Listed equity, Impact bonds & Corporate bonds
Impact strategy	Impact Equities and Bonds
ISIN code	XS1980270810
Industry group	Utilities
Aligned with 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 and has 4,290 employees.

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.

Alignment with Triodos Transitions: 90% of the company's revenues is aligned with the Energy Transition. The contribution to the Energy Transition comes from 90% of revenues related to the impact objective Energy Efficiency.

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The purpose of this tool is to inform investors about the type of investments and their potential sustainability impact. The information in the tool is of a general nature and does not constitute an opinion of Triodos Investment Management of the financial instrument. Therefore, the tool is not intended and should not be construed as an offer, invitation or general solicitation to buy, sell or dispose of any investment, to engage in any other transaction or to provide any investment advice or investment recommendation.

Impact Equities and Bonds

The SDGs mentioned in the company sections are linked to the (main) transition theme that the company contributes to, not directly to its products or services. Refer to the Sustainability Annex in the prospectus for more information.

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