measuring-corporate-sustainability

Published on Friday, 17 July 2015

You can speak about sustainability and not necessarily be sustainable. This traditional difference between words and deeds has long encouraged the international community to apply standards and common criteria to assess companies' actual level of sustainability of: in fact, the so-called ESG (environmental,  social and governance) performance measures not only the commitment, but also the results achieved by companies and the policies applied to ensure the achievement of growing long-term targets.

Enel's recently confirmed inclusion in the FTSE4Good index, for the fifth consecutive year, is the latest demonstration of the fact that the Group has long pursued effective and reliable sustainability policies, as is also shown by Enel CEO Francesco Starace's seat on the Board of the UN Global Compact, as well as the inclusion of the company among the international case studies in a Mind the science report authored by the Carbon Disclosure Project, with the support of WWF and the World Resources Institute.

Enel's presence in the major sustainability indexes demonstrates the company's commitment and the results it has achieved in the fight against climate change and in protecting the environment, while maintaining transparent relations with stakeholders and local communities, opposing corruption and respecting human rights. Since 2004, Enel has been included in the Dow Jones Sustainability Index, the reference market index that lists the global companies with the best economic, social and environmental sustainability practices. In 2014 it took part in the Dow Jones World index and received the "Gold Class" sustainability award in the RobecoSAM, Sustainability Yearbook 2015, which assesses the performance of major global companies in the field of sustainability. Here Enel is one of only three "Gold Class" global companies acknowledged in the sector of electricity utilities and one of only four Italian "Gold Class" companies. Additionally, for the first time Enel has been admitted in the STOXX Global ESG Leaders and is one of the utility companies included in the prestigious CDP Italy Climate Disclosure Leadership 2014 index, as a leader in quality, completeness and transparency of data on climate change.

The Group's individual companies also show a decisive commitment to sustainability in everyday activities, as proven by recognitions such as Coelce (Brazil) coming first in the Abradee award for social responsibility, Chilectra (Chile) ranking second nationally among the Empresas socialmente responsables list drawn up by the PROhumana foundation or Codensa and Emgesa (Colombia) winning the Bibo de Honor prize for their environmental commitment, particularly in the areas of forest conservation and climate change mitigation.

The commitment showed by Enel in achieving the highest sustainability standards has attracted the interest of socially responsible investment funds that continue to grow despite the unfavourable global economic climate. Based on the last survey, up to 31 December  2014, the Enel Group's social capital includes 134 socially responsible investors (117 in 2013) that hold 5.9 percent of total Enel shares (5.5 percent in 2013), equivalent to 8.6 percent of free-float shares (8 percent in 2013).