· Index ranks leading companies according to their environmental, social and governance (ESG) performance
· Enel achieved a score of 90.72 in the Social ranking, 88.93 in the Governance ranking and 53.32 in the Environmental ranking
Rome, September 20th, 2016 – For the third year in a row Enel has been included in the STOXX Global ESG Leaders index, which measures companies’ environmental, social and governance (ESG) performance. Enel achieved a company’s score of 90.72/100 in the Social Ranking, 88.93/100 in the Governance ranking and 53.32/100 in the Environmental ranking.
“The inclusion of Enel Group in the STOXX Global ESG Leaders index is a strong indicator of our success in placing all aspects of sustainability at the centre of our business model”, said Enel Group CEO Francesco Starace. “We are proud of our inclusion in the STOXX index for the third straight year, and look forward to continuing to set the standards in ESG globally.”
The STOXX Global ESG Leaders Index was created by STOXX Limited, a global index provider that is fully owned by the German stock exchange Deutsche Boerse Group. The index uses 128 key performance indicators (KPIs), and its rating model is based on the KPI for ESG 3.0 standard by the Society of Investment Professionals in Germany (DVFA) and European Federation of Financial Analysts Societies (EFFAS).
The Enel Group is also ranked in other leading sustainability indices such as the Dow Jones Sustainability Index World, the FTSE4Good, Euronext-Vigeo, and the Carbon Disclosure Project (CDP).
The combination of innovation and sustainability, translated into Enel’s Innovability approach to its activity, drives the Group’s strategy and business culture. Enel continues its path towards achieving carbon-neutrality by 2050 and it is expected that electricity generated from renewable sources, which accounts for around 43% of the Group’s total capacity as of June 30th, 2016, will contribute nearly half of the Group estimated total capacity of 83 GW in 2019. As an interim step on the way to this goal, Enel has set a medium-term target by 2020 of a 25% reduction in CO2 emissions compared to 2007, which has been recognized as “science-based”, i.e. in line with the decarbonisation levels required by science. Climate action is one of the four UN Sustainable Development Goals (SDGs) endorsed by Enel alongside access to energy, access to education, and the contribution to the socio-economic development of communities in the countries where Enel operates.
Enel's commitment to delivering the highest sustainability standards has attracted the increasing interest of socially responsible investment funds (SRIs): based on the latest figures as of December 31st, 2015, SRIs own 7.7% of Enel’s total outstanding shares (5.9% recorded at the end of 2014), equal to 10.3% of the company’s free-float (8.6% as of December 31st, 2014).
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