Enel Open Power: Creating Sustainability

Published on Wednesday, 30 December 2015

The London rating agency FTSERussell confirmed the Enel Group's inclusion in the FTSE4Good index, with an overall score of 4.2 out of 5 in its ESG (Environmental, Social, Governance) performance. The index assesses the sustainability of leading companies in areas such as the fight against climate change, governance, respect for human rights and anti-corruption.

Enel’s CEO Francesco Starace explained that the Group’s confirmed inclusion in the index, ‘is a stimulus that will further strengthen the integration of sustainability within our business strategy’. Such integration entails concrete actions and initiatives based on the Open Power approach, which focuses on innovation and sustainability to promote clean energy as well as the develop land and communities, while protecting the environment. ‘In light of the encouraging results from the COP 21 in Paris’, Starace added ,‘we confirm Enel's commitment to ensuring a long-term energy supply that is both affordable and sustainable, creating shared value with the communities of which we are a part.’

The Group, which operates in 32 countries worldwide, achieves this objective every day by implementing innovative carbon-neutral technologies in areas where the demand for electricity is growing and by bringing energy to rural and remote areas in order to support the development of communities there.

Over 500 CSV projects (Creating Shared Value) are currently being promoted by the Enel Group in the areas in which it operates. About 50% of these projects involve countries in Central and South America, and nearly 70%are aimed at the social development of local communities, including the involvement of non-governmental and non-profit organisations.

Several projects also aim to create a culture of sustainability by informing communities on the importance of adopting environmentally friendly behaviours, from recycling waste to the efficient use of resources and energy and  developing and promoting innovation, with the involvement of schools and universities.

Enel’s integration of CSV activities into its core business has earned it numerous awards, from its inclusion among the top five companies of Fortune’s “Change the World” list (in which the influential magazine ranked the 50 companies that can change the world, thanks to their commitment to social issues in their business strategies), to the Group’s inclusion in other major 2015 world sustainability  indices and evaluation systems. Among these recognitions are the Dow Jones Sustainability Index, the Carbon Disclosure Project and, recently, the Euronext Vigeo – World 120 Index, in which Enel has been included as one of the most sustainable companies among the 120 listed companies with the highest level of floating capital in Europe, North America and Asia Pacific.