- The Integrated Annual Report was ranked among the top three for completeness and quality in indicators related to sustainability disclosure, corporate governance, strategy, and business models. It also achieved leading positions in the completeness of indicators that support this regulation by incorporating international standards.
Companies now face increasing pressure not only to comply with regulations but also to demonstrate how they manage risks and opportunities related to environmental, social, and governance (ESG) factors, especially concerning their impact on long-term financial performance.
The 2026 Annual Study by GovernArt analyzed the annual reports of 30 of the country's top companies. It evaluated the completeness and quality of the information, ensuring adherence to NCG 461—which requires disclosures on sustainability and corporate governance in the Integrated Annual Report—and NCG 519, which revises this regulation by incorporating international standards. The study also considered the IFRS S1 and IFRS S2 standards, which address broad sustainability requirements and climate risk disclosures.
The results indicate considerable advancements in corporate transparency, yet they also highlight important variations across sectors and companies.
In the Enel Americas study, it ranked within the top three companies for the thoroughness and quality of its reported data, positioning itself as a national leader in transparency, sustainability, and corporate disclosure.
Enel Américas alcanzó un 94% de completitud, situándose en tercer lugar en el ranking, y un 71% de calidad, asegurando la segunda posición, lo que ratifica su liderazgo en sostenibilidad a nivel nacional.
This result is above the market average, which was 85% for completeness and 55% for quality.
These findings are particularly significant now as Chile moves toward the mandatory adoption of international standards IFRS S1 and IFRS S2, requiring companies to reveal how sustainability and climate change affect their financial outcomes.
Beyond regulatory compliance
The results show not only reporting capability but also how sustainability practices are embedded in the company's management. Contributing factors include continuous dialogue with different stakeholder groups, collaboration across the entire value chain, and ongoing efforts to adapt international standards to the local setting.
In addition, there is a perspective that views transparency as a process of continuous improvement. Rather than merely complying with current regulatory requirements, the focus has been on identifying and adopting globally recognized practices, progressively raising standards in reporting, governance, and sustainability.
ESG information is now vital in financial decisions. An increasing number of investors and organizations factor it into risk assessments, capital allocation, and future company performance forecasts, emphasizing the need for consistent, comparable reports aligned with global standards.
The study's results indicate that basic service companies, such as Enel Américas, are at the forefront of this transformation, excelling in transparency and sustainability standards.