Enel has been confirmed in the Dow Jones Sustainability World Index (DJSI World) for the sixteenth year in a row. Enel’s Spanish subsidiary Endesa has also been confirmed in this year’s edition, marking the company’s nineteenth straight year. Enel and Endesa are two of the eight companies admitted to the index at the global level in the electric utility sector.
In addition, the Group’s South American subsidiary, Enel Américas, has been confirmed in the Dow Jones Sustainability Emerging Markets Index and Dow Jones Sustainability MILA Pacific Alliance Index for the second consecutive year, as well as in the Dow Jones Sustainability Chile Index for the third straight year, while its Chilean subsidiary Enel Chile has been confirmed in the three indices for the second time. Enel Américas and Enel Chile were the only two Chilean power companies to be confirmed in all three indices.
“Sustainability is a key driver for creating long-term value among our shareholders and all our stakeholders,” said Francesco Starace, Enel CEO and General Manager. “By fully integrating the UN Sustainable Development Goals into our strategy, which addresses emission-free generation technology as well as smart electricity infrastructure, we are setting a standard for companies willing to maximise their profits in a way that is virtuous for communities and ecosystems. As such, our inclusion in the DJSI for the sixteenth straight year is a recognition of our commitment towards developing a sustainable business model, leading the energy transition and promoting responsible business practices.”
Enel’s global sustainability leadership is acknowledged through its presence in several other renowned sustainability indices, such as the FTSE4Good Index, the Euronext VIGEO-EIRIS indices, the OEKOM “Prime” rating, the ECPI indices, the Thomson Reuters/S-Network ESG Best Practices Indices, the Thomson Reuters Diversity & Inclusion Index and Equileap’s Top 200 ranking on gender equality. In addition, Enel has been confirmed in the STOXX Global ESG Leaders indices review of September 2019, for the sixth consecutive year.
Enel is increasingly attracting the attention of Environmental, Social and Governance (ESG) investors, whose stake in the company is steadily growing, representing about 10.5% of the Group’s share capital as of December 31st, 2018, up 78% compared to 2014. This increase reflects the growing importance the financial market gives to non-financial elements in the creation of long-term sustainable value.
DJSI recognised Enel’s proactive role in tackling climate change and promoting a zero-emission energy model. Enel’s ambition to embrace the energy transition, by seizing all business opportunities in the areas of renewables, digitalisation and the electrification of energy demand contributed to this achievement. Furthermore, the company’s “Open Innovability” model set the benchmark for the second year in a row, as the company received once again the maximum score in Innovation Management from DJSI. Through the Open Innovability model, Enel develops innovative solutions that guarantee long-term sustainability for the Group’s business and for the communities in which it operates, building an ecosystem of collaboration with startups, industrial partners, entrepreneurs and research centres, among others.
Enel also excelled in other criteria focused on assessing responsible business management practices such as risk and crisis management, cybersecurity, data privacy protection, corporate citizenship and transparency on social and environment performance.
The Group’s long track record of inclusion in the world’s leading sustainability indices is supported by its commitment to promote transparency in the management of environmental, social and governance risks and opportunities. Specific examples on how Enel is boosting transparency and responding to the expectations of its stakeholders can be found at the following link, “Sustainability first and foremost”: https://enel.com/stories/a/2019/08/sustainability-report-enel-2018.