Following FTSE4Good’s review of the second half of 2021, Enel was confirmed once again in the FTSE4Good Index Series, which ranks the top global companies in terms of environmental, social and governance (ESG) practices and transparency. In addition, Enel’s subsidiaries Endesa, Enel Américas and Enel Chile were also included in the FTSE4Good Index Series.
“FTSE4Good has renewed its acknowledgement of the Group’s commitment to incorporating sustainable ESG practices and procedures into the business strategy,” said Francesco Starace, Enel CEO and General Manager. “Our business model, which is based on the creation of shared value for all our stakeholders, continues to be greatly appreciated by the most important sustainability indexes, strengthening our position as a global leader in the energy sector.”
FTSE4Good, developed by FTSE Russell, leading global provider of benchmarks, analytics, and data solutions with multi-asset capabilities, evaluates the performance of companies in different environmental, social and governance areas, based solely on publicly available data, and implies high transparency on the part of companies.
In particular, Enel’s performance and transparency has been recognized on issues such as biodiversity management, pollution and resources, water security, labor standards, health and safety, human rights, corporate governance, tax transparency and anti-corruption.
Enel’s global sustainability leadership is acknowledged through its presence in several other renowned sustainability indices as well as rankings, such as the MSCI ESG Leaders Indices, CDP Climate “A” List, the Euronext Vigeo-Eiris 120 indices, the MIB ESG Index, the STOXX Global ESG Leaders index, the ISS “Prime” rating, the Bloomberg Gender Equality Index, the Refinitiv TOP 100 Diversity and Inclusion Index, the Equileap’s Top 100 Gender Equality Global Ranking and the ECPI indices.
The Group is increasingly attracting the attention of Socially Responsible Investors, whose stake in the company is steadily growing, representing now about 14.6% of Enel’s share capital, more than double compared to 2014 levels. 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 commitment to creating long term value for its stakeholders and contributing to the sustainable development of the local areas where it operates. Such commitment is fully implemented by Enel Green Power (EGP) via its sustainable plant model through which, in addition to producing clean energy through innovation, the company generates a positive impact on the environment and local communities surrounding its renewable facilities. An example of EGP’s sustainable plant approach can be seen in its first wind farm in South Africa, which started operations in 2016, through which the company is promoting water efficiency while creating opportunities for young people.