There is a clear link between sustainability and value creation given that, investing in sustainable projects from the environmental and social point of view, companies can maximize profits and minimize risks while simultaneously contributing to achieving the SDGs. Socially responsible investors continue to grow in 2019, holding 10.8% of total shares (10.5% in 2018), equivalent to 14.1% of floating capital (13.7% in 2018). Moreover, 43% of Enel investors have signed the UN Principles for Responsible Investment (UN PRI). ESG analysts and international rating agencies monitor Enel’s sustainability performance constantly. Through the application of different methodologies, analysts assess Group performance in relation to environmental, social, and governance topics that may be of significance for the financial community. ESG ratings are therefore deemed to be a strategic tool to support investors and identify risks and opportunities linked to the sustainability in their investment portfolio, aiding the development of active and passive sustainable investment strategies.
Over the past year, Enel has maintained or improved its score and positioning in the majority of ESG ratings and sustainability indices, and has achieved several important results, including:
achievement, for the first time, of “AAA” rating (“AA” in 2018), from MSCI ESG Research, the main provider of data and research studies, which measures the performance of companies on the basis of ESG factors. In particular, Enel is among the top ten utility companies present;
insertion in the CDP Climate “A-List” (“A-” rating in 2018), confirming its leadership in the management of risks and opportunities linked to climate change, supported by a reduction of greenhouse gas emissions;
presence, for the first year, in the Bloomberg Gender Equality Index, confirming the commitment and performance in the realm of promotion and integration of gender diversity throughout the Company’s entire value chain;
presence, for the first time, in the Global 100 Ranking of Corporate Knights, achieving the eighth position in the general classification and the second position in the energy sector;
best positioning in the utility sector, ranking fourth in the Dow Jones Sustainability Index World (gaining two positions compared to 2018), and ranking second in the FTSE4Good Index (two positions further than in 2018).
The other Group companies, namely Endesa, Enel Américas, Enel Chile, and Enel Russia, have maintained or improved their performance in the majority of the ESG rating processes in which they participated in 2019.