Enel S.p.A. (“Enel”) has been confirmed once again in the FTSE4Good Index Series, which ranks the top global companies by evaluating their environmental, social and governance (ESG) practices, following the index’s review of the second half of 2018. The Group’s subsidiaries Endesa, Enel Américas and Enel Chile were also reconfirmed in the latest ranking.
Developed by FTSE Russell, a leading global provider of benchmarks, analytics, and data solutions with multi-asset capabilities, the FTSE4Good Index evaluates the performance of companies on the basis of their commitment to embedding sustainable ESG practices into their business management. In particular, Enel maintained the highest score in the criteria regarding waste management, biodiversity conservation, health and safety, labour standards, risk management, corporate governance and anticorruption. The FTSE Russell methodology is solely based on publicly available data, requiring high transparency from companies, therefore the confirmation of Enel in the index underscores the strong commitment of the Group in promoting accountability and transparency.
In addition to this ranking, the Enel Group is listed in other leading sustainability indices, such as the Dow Jones Sustainability Index, the Euronext Vigeo-Eiris Indices, 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, the Integrated Governance Index and Equileap’s Top 200 ranking on gender equality.
Enel’s sustainability leadership is increasingly drawing the interest of ESG investors, whose stake in the company is steadily growing, representing over 8.6% of the Group’s share capital as of December 31st, 2017, with an increase of 46% 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 has assumed a leadership position with a strategy based on leveraging the business opportunities associated with the trends of urbanisation, the electrification of demand and the resulting deep decarbonisation to seize the opportunities that derive from the global energy transition now under way and to play an active role in such a large global challenge.
Enel’s comprehensive sustainability strategy, demonstrated by its inclusion in these rankings, is further detailed in its position paper titled “Cities of tomorrow. Circular cities” released in November 2018. The paper lays out Enel’s position on the essential role that cities will play in promoting sustainable development and the innovative solutions that the company is currently offering. Further information can be found here:
Enel’s circular cities: competitive, innovative and sustainable