Company is confirmed leader in corporate governance, receiving the highest rating of 5 out of 5
Rome, June 21st, 2017 – Enel S.p.A. (“Enel”) was informed, following its inclusion in the FTSE4Good Sustainability Index announced last month, that the Index June 2017 review has given the company an overall Environmental, Social & Governance (“ESG”) score of 4.6 out of 5. In the governance area, Enel scored the highest possible rating of 5 out of 5, in the social area the company obtained 4.7 and in the environmental area the company scored 4.3. Enel’s Spanish subsidiary Endesa was also included in the FTSE4Good Index for the first time.
Enel CEO Francesco Starace commented: “FTSE4Good has once again recognised the sustainability of our policies, practices and procedures, as an example of how these factors can drive value for the company. Our business model based on the creation of shared value for all our stakeholders continues to be strongly appreciated by the most significant sustainability indices, enhancing our position as a globally recognised leader in the energy sector.”
Created by the global index company FTSE Russell, FTSE4Good is an equity index series designed to support investment in companies based on their ESG criteria. FTSE4Good evaluations are based on performances achieved in areas such as Corporate Governance, Health & Safety, fight against corruption and climate change. Businesses included in the FTSE4Good Index Series meet a variety of environmental, social and governance criteria.
In addition to FTSE4Good, Enel is also included in the world’s other leading sustainability indices, including the Dow Jones Sustainability Index World, the Euronext Vigeo Eiris indices, the STOXX Global ESG Leaders indices and the Carbon Disclosure Leadership Index.
Enel's commitment to adhering to the highest sustainability standards has increasingly attracted the attention of socially responsible investment funds. Based on the latest figures as of December 2016, SRI (Socially Responsible Investor) funds own 8% of Enel’s total outstanding shares, recording an increase on the 7.7% posted in December 2015 and more than doubling versus the 4% recorded five years ago, at the end of 2011.