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Creating shared value

We collaborate with communities to create value for all

At Endesa, we involve local stakeholders in the definition of plans to create shared value that will have a positive impact on these communities.

Aligned with the Sustainable Development Goals

 

Sustainable development goals

ODS 4: Quality education

ODS 7: Affordable and clean energy

ODS 8: Decent work and economic growth

ODS 15: Life on land

ODS 17: Partnerships for the goals

ODS 17: Alianzas para lograr los objetivos

Integrating sustainability into the daily management of the business is one of the main goals of the CSV (Creating Shared Value) projects that we promote in different areas of our activity. It is a question of creating shared value through actions that combine the interests of the company and the priorities of the local communities in which we operate.

In the design of these projects, we take into account, among other factors, the growing concern in a large part of society for environmental conservation, our role in maintaining social well-being and the situation in each region, so as create links that meet their needs.

In our commitment to incorporating the CSV model into our strategy, since 2016 we have contributed €12.5 million to the social development of the communities in which we operate. This investment is maximised through the application of a variety of action areas:

  • Promoting active listening among leading social and institutional agents in order to set up collaborative and CSV alliances that promote links with the local community.
  • Implementing sustainability initiatives and projects in line with the United Nations Sustainable Development Goals and making CSV part of our business operations.
  • Measuring and evaluating the data from sustainability projects and communicating them better so as to involve the public.

 

How is a CSV project carried out?

To carry out this work, we have organised a cross-disciplinary team with which we analyse the local environment in which the asset or project with which we are going to work is located and we identify the stakeholders.

In addition, we look at what their concerns and interests are and analyse the environmental, social, regulatory and critical factors of that environment. The aim is to implement a set of specific actions that responds to the needs of the local community.

CSV: Creation of shared value

How to integrate sustainability into the business.

Steps in the process

Analysis of the local context

Analysis using indicators of the social, economic and environmental dimensions of the community. Potential risks and opportunities of the asset/project.

Comparison with the social agents

Contact with the most representatives agents in the community. Identification of the materiality: needs, interests, perceptions and attitude regarding the asset/project that is being supported.

Definition of the CSV Plan

Drawing up of the action plan with the social agents, including a set of actions that respond to the important topics identified and maximise the value created for the community.

Execution of the CSV Plan

Implementing the actions defined in the CSV Plan, through an internal cross-departmental team and, where appropriate, with the participation of local partners (NGOs, social enterprises, etc.). 

Supervision, evaluation and reporting

Overseeing the process, measuring the effects to verify the value contribution and ensure the key information using monitoring indicators and results.

A CSV for each project

The implementation of CSV projects includes monitoring the construction plans for new renewable energy farms, adapting them to facilities that are currently operating and planning the monitoring of decarbonisation projects through the Futur-e initiative.

In regard to the construction of renewable energy farms, CSV monitoring work is currently under way on 27 new projects (18 wind and 9 solar), and 24 of these CSV plans are in the execution phase and 3 are in the environmental assessment stage.

Our projects about Endesa Foundation

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Social projects for the development of communities

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