In order to identify the Group’s priorities for action, the issues on which further disclosure is required and the activities to involve stakeholders which needs enhancing, Enel launched the materiality analysis in 2012 and reinforced the process over time.

The relative methodology was developed taking into consideration the guidelines of numerous international standards, including the Global Reporting Initiative (GRI), the principles of the Communication on Progress (COP) of the UN Global Compact, the IIRC (International Integrated Reporting Council) model and the SDG Compass, which supports companies in aligning their strategies with the Sustainable Development Goals.

The objective of the assessment is to identify and evaluate the issues that are most important to stakeholders, to correlate them with the Group’s action priorities and its business strategy.

This methodology is the basis for identifying the issues to be included in sustainability initiatives planning and reporting.

The issues, classified into business and governance issues, social issues and environmental issues, were assessed according to the priority given by the stakeholders and the Company.

The result of the materiality analysis is summarized in the materiality matrix, which contains the following information:

  • on the horizontal axis the priority that stakeholders, appropriately weighted based on their materiality, attribute to the various issues. On the right part of the matrix are the issues for which the stakeholders require Group commitment in terms of greater investments, strengthening of existing practices and management systems, formalization of commitments and clear policies; 
  • the vertical axis shows the issues on which Enel plans to focus its efforts, with the associated degree of priority, also taking into consideration planned investments, commitments, potential consequences and issues included in the Group’s Strategic Plan. The upper part of the matrix shows the issues for which a high level of commitment for the coming years is envisaged as part of the Group’s strategic objectives.


The Group’s overall matrix takes into account the contributions of the main companies involved in the process, based on their relevance and the type of business in which they operate.

The joint view of the two perspectives makes it possible to identify the issues of greatest importance both for the Company and for the stakeholders (the priority issues), and to verify the degree of “alignment” or “misalignment” between external expectations and internal relevance of these issues.

Based on the results of the analysis, the issues are also determined for preparing the Consolidated Non-financial Statement and the Sustainability Report, and the challenging common goals included in the 2019-2021 Strategic Plan and in the 2019-2021 Sustainability Plan are set. The activities and projects pertaining to the various Group Functions and Business Lines contribute to achieving them.