- Enel has reached the first position among the nearly 5,000 companies assessed on their sustainability performance for its first time ever, with a score that doubles the average.
- Enel has been included in the Euronext Vigeo Eiris World 120 Index and the regional Euronext Vigeo iris Europe 120 and Eurozone 120 indices.
- The Group’s Spanish subsidiary Endesa has also been included in the three indices.
Rome, December 2nd, 2020 – Enel’s global sustainability leadership was acknowledged by a number one ranking in this year’s V.E. assessment edition for its first time ever among nearly 5,000 companies that have been assessed. The unprecedented score achieved in the sustainability performance assessment, which doubles the average score, granted Enel to be confirmed in the second half 2020 review of the Euronext Vigeo Eiris World 120 index.
Powered by V.E (Vigeo Eiris)’s data, 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 capitalization in North America, Asia-Pacific and Europe. Enel has also maintained its position in the regional Euronext Vigeo Eiris Europe 120 and Eurozone 120 indices, which respectively list the 120 most sustainable companies out of the 500 largest free-float companies in Europe and the Eurozone. Endesa, Enel’s Spanish subsidiary, has also been included in the three latest indices.
“Our worldwide sustainability leadership across all industry acknowledged by V.E (Vigeo Eiris) is a recognition of our aim to integrating environmental, social and governance issues into our business strategy and across our entire value chain”, said Francesco Starace, Enel CEO and General Manager. “We strive to develop a business model that generates value to our shareholders and customers while benefiting local communities and the wider environment. Thanks to the people that work for Enel we are capable of managing the constantly evolving challenges of our sector and lead the energy transition as recognized by V.E.”.
V.E. (Vigeo Eiris), acquired by Moody’s in 2019, is a global leader in ESG assessments, data, research, benchmarks, and analytics. Through a partnership with Euronext, the largest stock exchange in Europe, V.E. (Vigeo Eiris) selects the listed companies with the highest sustainability performance based on the evaluation of corporate performance on 25 sustainability-related criteria on the field of the environment, human capital, human rights, community involvement, business behavior and corporate governance. The methodology measures the relevance of companies and organizations’ commitments, the efficiency of their managerial systems, their ability to manage risks, and their performance on all environmental, social and governance responsibility factors.
In particular, V.E recognized Enel’s outstanding performance in the development of its environmental strategy, including the specific environmental targets set out to limit greenhouse gas emissions and improving air quality, by accelerating the decarbonization of its energy mix and boosting renewable. On the other hand, Enel also excelled in different criteria related to the management of its human capital, including the promotion of labor relations, non-discrimination and diversity. Furthermore, different governance related practices also outstood, among which the role of the Board of Directors in the oversight of the company’s sustainability performance.
Enel’s sustainability leadership is globally acknowledged through the Group’s presence in several other renowned sustainability indices as well as rankings, such as the MSCI ESG Leaders Indices, CDP Climate “A” List, the Dow Jones Sustainability Index World and Europe, the FTSE4Good Index series, 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 Gender Equality in Europe Ranking, the Corporate Knights Global 100 Most Sustainable Corporations in the World ranking, the ECPI indices and the Thomson Reuters/S-Network ESG Best Practices Indices.
The Group is increasingly attracting the attention of Socially Responsible Investors, whose stake in the company is steadily growing, representing now about 13.4% of Enel’s share capital, more than double compared to 2014 levels. This increase, which is in line with the growing recognition of the importance of non-financial elements in the creation of long-term sustainable value, reflects the bolstering of Enel’s global sustainability leadership.
Enel’s long track record of inclusion in the world’s leading sustainability indices is supported by its commitment to be at the forefront of the biggest energy challenges facing society, such as sustainable urbanization. A specific example of how Enel is promoting sustainable urbanization by delivering concrete business solutions is shown in the third edition of the “Circular Cities – Cities of tomorrow” position paper available here:
https://www.enel.com/content/dam/enel-com/documenti/media/paper-circular-cities-2020.pdf