· The company reaffirmed its position in the FTSE4Good Index Series, in the Euronext Vigeo-Eiris indices at global, European and Eurozone levels, and in the Integrated Governance Index (IGI)
· The indices recognised Enel’s leading role in promoting a low-carbon energy model through renewables, digitalisation and advanced energy solutions while acknowledging the company’s responsible business management practices
· Enel’s subsidiaries Endesa, Enel Américas and Enel Chile were once again recognised in the FTSE4Good Index Series
· Endesa was confirmed in the Euronext Vigeo-Eiris indices at global, European and Eurozone levels
Rome, June 12th, 2019 – Enel was once again confirmed in the FTSE4Good Index Series, which ranks the top global companies in terms of environmental, social and governance (ESG) practices and transparency, following FTSE4Good’s review of the first half of 2019. The company was also confirmed in the semi-annual review of the Euronext Vigeo-Eiris World 120 index.
Twice a year, the Euronext Vigeo-Eiris World 120 index lists the 120 most sustainable companies out of the 1,500 largest companies in terms of free-float market capitalisation in North America, Asia-Pacific and Europe.
Enel has also maintained its place in the regional Euronext Vigeo - Eurozone 120 and Europe 120 indices, which respectively list the 120 most sustainable companies out of the 500 largest free-float companies in the Eurozone and Europe.
Enel was also confirmed in the Integrated Governance Index (IGI), the first Italian observatory evaluating companies’ ability to integrate sustainability into their corporate strategies. Specifically, Enel ranks first in the implementation of responsible management of people.
Both FTSE Russell and Vigeo-Eiris recognised Enel’s leading role in promoting a low carbon energy model by boosting renewables, digitalisation and advanced energy solutions, while also acknowledging Enel’s commitment to implement responsible business management practices in its daily business operations. In particular, FTSE Russell highlighted the company’s transparency while Vigeo-Eiris acknowledged Enel’s outstanding performance in the areas of corporate governance, environmental strategy and human rights. Regarding the latter, Enel’s commitment to prevent discrimination and respect for freedom of association as well as collective bargaining have been recognised in particular.
This sustainability leadership is also extended to other listed Enel Group companies, such as its Spanish subsidiary Endesa, which renewed its position in the FTSE4Good index and in all the three indices of Vigeo-Eiris.
Enel Americas and Enel Chile, Enel subsidiaries that operate in Latin America, were also confirmed in the FTSE4Good Index.
On top of these rankings, the Enel Group is listed in other renowned sustainability indices, such as the Dow Jones Sustainability Index, the STOXX Global ESG Leaders indices, the Carbon Disclosure Leadership Index, the OEKOM “Prime” rating, the ECPI indices, the Thomson Reuters/S-Network ESG Best Practices Indices, the Thomson Reuters Diversity & Inclusion Index and Equileap’s Top 200 ranking on gender equality.
Enel’s sustainability leadership, acknowledged by these indices, is increasingly attracting the attention of ESG investors, whose stake in the company is steadily growing, representing over 10.5% of the Group’s share capital as of December 31st, 2018, with an increase of 78% compared to 2014. This increase reflects the growing importance the financial market gives to non-financial elements in the creation of long-term sustainable value.
Enel’s long track record of inclusion in the world’s leading sustainability indices is supported by its implementation of an “Open Innovability model” that, by combining Innovation and Sustainability, aims to develop solutions that meet social and environmental needs, while creating long term value for the Group and its stakeholders. Some specific examples of how Enel is implementing its Open Innovability approach and how it engages with innovative stakeholders, including startups and research centres, among others, are available at the following links:
- Enel in Boston, where innovation is the word
- Haifa, a “digital twin” that will revolutionise the network
- Innovative and sustainable generation of electricity from hydro sources