What will large businesses be like in the future? Will they be able to combine business and sustainability and will they be able to create value for society through their activities? These are just some of the questions that will be at the heart of the annual Global Compact LEAD Symposium, which is to be held over 20-21 November at United Nations headquarters in New York and will see Enel as one of its key participants.
The Global Compact is a United Nations programme that was launched by the UN Secretary-General in 1999 and aims to bring businesses into a new type of public-private partnership that embraces 10 universal principles regarding human rights, labour, environment and anti-corruption.
Enel has been an active member of the Global Compact since 2004 and in 2011 it was included among the members of the Global Compact LEAD Steering Committee, which was formed by businesses that lead the way in the promotion of new global sustainability initiatives.
Enel's activity in the Global Compact focuses on two areas: defining sustainable development objectives that will replace the Millennium Development Goals that were established in 2000 and will expire in 2015, and raising awareness of sustainability issues among businesses through analyses performed by global experts on the integration of sustainability into business strategy.
Enel helps the achievement of Global Compactobjectives through its participation in two projects:
- Post-2015 Development Agenda
The Global Compact took part in a global consultation on the redefinition of the Millennium Development Goals at the Leaders Summit 2013 (New York, September 2013), which brought together more than 3,000 business, institutional and civil society representatives from around the world. Enel helped outline energy and climate objectives, on which the post-2015 Business Engagement Architecture was based.
- LEAD Board Programme
Launched by the United Nations Secretary-General Ban Ki-Moon, the LEAD Board Programme aimed at members of the Global Compact LEAD. Enel was among the first businesses to announce its participation in the programme's pilot stage and it was chosen by the UN to unveil the initiative at the Leaders Summit 2013. The programme's aim is to provide the Board with in-depth studies on sustainability issues and on their need to be integrated into business strategy.
The integration of sustainability into strategy is a major challenge for business, and Enel has turned sustainability into one of the pillars of its operational model. Since 2002 it has published its own annual Sustainability Report, through which it outlines its economic, social and environmental performance to stakeholders.
The Enel Group's materiality matrix is testament to its focus on sustainability and its constant dialogue with stakeholders. Since 2012 Enel has been carrying out a materiality analysis programme that maps and analyses the interests and expectations of stakeholders, matching them to business strategy. It does this incorporating the most recent developments in sustainability reporting, such as the new GRI-G4 standard, the UN Global Compact's new COP principles and the framework of the International Integrated Reporting Council (IIRC), all of which helps identify the issues around which sustainability reports should be structured.
Last year Enel was named the Dow Jones Sustainability Index for the 10th year in a row. The DJSI is a key index for the markets that names the businesses that best meet its stringent economic, social and environmental sustainability criteria. It also cemented its place in the FTSE4Good index, which measures each business' activities in environmental sustainability, its relationship with stakeholders, its respect for human rights, quality of working conditions and what each business does to combat corruption. Enel is also one of the international utilities to take part in the Carbon Disclosure Project.