Enel’s global sustainability leadership was confirmed once again in the year-end review 2021 of the Euronext Vigeo Eiris (V.E.) World 120 index.
Powered by V.E.’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 V.E. 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.
„The confirmation of Enel in these important indices underscores the continuous sustainability journey that the Group is promoting, successfully linking environmental, social and governance issues with value creation,” said Francesco Starace, Enel CEO and General Manager. „We continue to prioritize ESG issues along the entire value chain, keeping the focus on businesses and technologies that contribute to addressing the most prominent challenges facing society, such as climate change, and generating value for all of our stakeholders and customers while benefiting local communities and the wider environment.”
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. selects the listed companies with the highest sustainability track record 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.
V.E awarded Enel’s commitment to embedding ESG practices into the business strategy along its entire value chain. In particular, it recognized Enel’s strong performance on a wide range of environmental, social and governance criteria, including environmental strategy, renewable energy, non-discrimination, social dialogue, anticorruption systems and corporate governance practices, among others.
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 MIB ESG Index, 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’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 constant presence in the world’s main sustainability indices is the result of a global strategy that concerns all aspects of sustainability and all stakeholders.
Examples of sustainability projects that Enel is carrying out around the world range from the promotion of rural electrification in Argentina through the installation of photovoltaic plants to provide more than 2,000 people with reliable and sustainable electricity, to running the e-city Sevilla project in Spain to create an energy self-sufficient smart city using 100% clean energy. Further information on these and other sustainability projects can be found here: https://www.enel.com/company/stories/articles/2021/10/sustainability-stories
Author: Ioana Andrei