(Finance) – The Board of Directors of TIMwhich met today under the chairmanship of Salvatore Rossi, ha approved the consolidated financial statements and the draft separate financial statements of the parent company TIM SpA. together with Sustainability Report as at 31 December 2022.
THE fourth quarter resultswhich mark a further improvement compared to previous quarters, allow us to reach o exceed the targets set for 2022 which had been partially revised upwards last August.
In 2022 TIM carried out over 40 projects in Italy in the field environmental, social and governance to improve sustainability performance and achieve the ESG targets set in the ’22-’24 Business Plan. The results are illustrated and quantified in the 2022 Sustainability Report in terms of reducing greenhouse gas emissions and making resource consumption more efficient, valorising waste with circular economy processes, developing human capital, upgrading ultra-broadband networks and data centers and contributing to the digital and sustainable transformation of the PA and of Italian companies.
The Board of Directors has resolved to call the Shareholders’ Meeting for 20 April 2023 (single call), to resolve on the following topics. Financial statements as at 31 December 2022 – Coverage of the loss for the year by withdrawing from reserves; report on the remuneration policy and on the fees paid; co-optation as Board Members by Giulio Gallazzi and Massimo Sarmi, co-opted to replace, respectively, Luca De Meo and Frank Cadoret; nominations relating to the appointment of the third Director; short-term incentive plan (MBO) 2023; long Term Incentive Plan 2023-2025 – approval of the compensation plan based on financial instruments; request for authorization to purchase and dispose of treasury shares to service the 2023 short-term incentive plan (MBO) and the 2023-2025 Long Term Incentive Plan.