Global leadership

Sustainability ratings and indexes

Through the application of different methodologies, analysts and international ESG rating agencies assess Group performance on environmental, social and governance issues, which may be of significance to the financial community. ESG ratings are therefore considered a strategic tool for supporting investors and identifying sustainability risks and opportunities in their investment portfolio, aiding the development of active and passive sustainable investment strategies. In 2020, Enel maintained or improved its ranking in ESG ratings and indexes, positioning itself as a leader in most of them. This achievement was the result of the action plan defined to improve ESG disclosure with the different business units and business lines. The plan includes actions to define and disclose specific targets aimed at increasing the number of women in management positions, to publish the company’s harassment policy, and to improve performance in the main ESG criteria assessed.

Main ESG ratings
Rating Ranking Sector average
Scale (low | high)
MSCI AAA Top 10
(n = 147)
BBB CCC | AAA
SUSTAINALYTICS
ESG Risk Rating
23.6
medium risk
24/215
electric utilities
36.7 100 | 0
S&P ESG
Scores
89 2/101
electric utilities
45 0 | 100
CDP A (climate)
A- (water)
- B
B
D | A
REFINITIV
ESG Rating
89 1/232
electric utilities
- 0 | 100
FTSE Russell
ESG Rating
5 1st
electric utilities
- 0 | 5
VIGEO Eiris
ESG Rating
76 1/+4,000
all sectors
47 0 | 100
ISS ESG
Score
B- - C- D- | A+
RepRisk
Rating
31 - 44 100 | 0

Enel’s involvement in leading sustainability organizations

The United Nations Global Compact

Enel has been a “Participant” member of the United Nations Global Compact since 2004. In 2020, the Group was confirmed as a LEAD company based on its commitment and adherence to the UNGC’s ten founding principles on human rights, labor standards, environmental protection and the fight against corruption. In 2020, Enel confirmed its commitment by taking part in the action platforms Sustainable Finance (where it holds the co-chairmanship of the CFO Taskforce for the SDGs), Climate Ambition, Reporting on SDGs and Peace, Justice & Strong Institutions, and by submitting an Advanced Communication on Progress (CoP). The Group is also a member of the Global Compact Expert Network, and Enel’s CEO is currently serving his second term (2018-2021) as a member of the organization’s Board. In 2020, Enel signed the “Statement from Business Leaders for Renewed Global Cooperation,” which was promoted by the Peace, Justice & Strong Institutions platform.

 

Sustainable Energy for All

Since 2011, Enel has been a member of Sustainable Energy for All (SEforALL), an international non-profit organization that collaborates with the public and private sector to advance SDG 7. In 2020, the Group’s CEO was appointed Chairman of the Administrative Board for the organization, a position he will hold until 2023. Finally, Enel will take part in the preparatory work for the High-level Dialogue on Energy, the first global gathering on energy at the summit level. It is held during the 76th session of the United Nations General Assembly in September 2021, and SEforALL was Co-Chair.

 

CSR Europe

Since 2005, Enel has been a member of CSR Europe, the leading European business network dedicated to sustainability. The Group also served as Deputy Chair of the Board from 2016 to 2020. In 2020, Enel was among the main ambassadors of the European Pact for Sustainable Industry, which was launched at the European SDG Summit and as an outcome of the CEOs Call to Action, of which the Group was a pioneer. Enel also promoted the Just Transition dialogue and played an important role at the European SDG Summit, speaking at the plenary sessions and helping to organize four round tables on circular economy, sustainable finance, the just transition and the future of work, as well as a round table on the role of transparency and partnerships in driving action towards the SDGs through the Next Generation EU Plan.

 

The World Business Council for Sustainable Development

Since 2016, Enel has been a member of the World Business Council for Sustainable Development (WBCSD) and is represented both in the Board, of which the CEO is a member, and as a Liaison Delegate. In 2020, the Group maintained its commitment to the Transforming the Built Environment, Cities Business Collaboration, and Transforming Urban Mobility projects. Enel was also particularly active in the Energy Solutions project (publication in early 2021 of the SDG Roadmap for Electric Utilities, a document resulting from the joint collaboration of all project members) and in the Climate Action & Policy and SOS 1.5: The Road to a Resilient, Zero-Carbon Future projects.

 

The Global Reporting Initiative

Enel has been a member of the Global Reporting Initiative since 2006 and part of the GRI Community since 2016. In 2020 the Group joined the Global Sustainability Standards Board and maintained its commitment within the Corporate Leadership Group on Digital Reporting. Furthermore, Enel and GRI have strengthened their partnership through an innovative form of collaboration that will end in 2021. This partnership pools the organizations’ expertise and has the dual objectives of analyzing how the 2030 Agenda and the SDGs have influenced corporate reporting, and the strategic role that partnerships have played and will play in accelerating and maximizing the private sector’s impact on achieving SDGs.

 

Global Investors for Sustainable Development Alliance

In 2020, Enel confirmed its commitment to the Global Investors for Sustainable Development (GISD) Alliance, an integral part of the UN Strategy for Financing the 2030 Agenda for Sustainable Development, of which the Group’s CEO is a member. To play its part in defining specific sector metrics on the SDGs and facilitate their integration into existing reporting frameworks, Enel has offered its expertise and taken the role of leader for the Utilities sector of the dedicated task team.

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For more information: Enel’s involvement in leading organizations.

To find out more, download the 2020 Sustainability Report.

Additional ESG Key Performance Indicators

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