- CEO Fulvio Conti: “we are committed to maintaining a world class standard of sustainability and transparency”
- Based on the last report, SRI funds hold some 19% of Enel’s free-float shares, amounting to 5.5% of its share capital.
- Confirmed Endesa’s presence in the indexes.
The latter index includes just 10% of the 2,500 most important companies in the world, those which come top for sustainability. According to SAM Dow Jones, Enel is also the, “Sustainability Leader” for Italy in the ELC – Electricity sector. Endesa’s presence has also been confirmed in the Dow Jones indexes.
With a presence in 23 countries on 4 continents, Enel has confirmed its place in the DJSI World and DJSI STOXX, improving its performance on the previous year in the final ranking of the Dow Jones Sustainability World Index in the environmental and social sectors, gaining the appreciation of sustainability financial analysts for its commitment to Corporate Social Responsibility.
CEO and General Manager of Enel, Fulvio Conti, stated: “We are very satisfied with the results achieved by Enel and by Endesa, which confirm the entire group’s commitment to maintaining a world class standard of sustainability and transparency. Enel’s goal is to be a global benchmark, by demonstrating that a major company can generate healthy profits but at the same time be socially responsible and operate with the utmost respect for people and the environment. Every day we renew our commitment to developing, propagating and instilling, at every level of our organisation, our distinctive values and the Enel culture that aims to reconcile profitability, environmental protection, social responsibility, safety at work and an orientation towards results and improvement”.
The Dow Jones Sustainability STOXX Index (DJSI STOXX), the Dow Jones Sustainability North America (DJSI North America) Index and the Dow Jones Sustainability Asia Pacific Index (DJSI Asia Pacific) track the performance of the leading 120 firms (20% out of a total of 600 participants) in their respective regions, while the Dow Jones Sustainability World Index (DJSI World) covers the top 250 companies world-wide selected on the basis of economic, environmental and social criteria. In order to be chosen, companies must regularly demonstrate, through on-going contact with analysts and by filling out an annual questionnaire, that they are putting first rate sustainability measures into practice.
Enel’s social responsibility performance has also been acknowledged by its inclusion in other sustainability indices. For many years now, the Enel group has been a constant presence in the major indices monitored by such ethical funds as Global Top 25 Ethical and Global Renewable Energy Equity compiled by E-Capital Partners.
Based on the latest 2010 Shareholder ID report, which includes the results from the recent rights issue, SRI (Socially Responsible investment) funds hold some 19% of Enel’s free-float shares, amounting to 5.5% of its share capital. The funds currently holding a stake in Enel are based mainly in France (47%), Germany (15%), North America and the UK (15%), and the Netherlands (10%).
Since 2006 and in order to draft its Sustainability Report, a prerequisite for inclusion in the indices, Enel (enel.com) has adopted the GRI-G3 (Global Reporting Initiative) guide lines, a network of thousands of experts who have put together the most advanced and rigorous standards for sustainability reporting on a global scale. Enel is among the world’s first companies to have received, for the fourth year in a row, the highest A+ rating for compliance with and application of the GRI-G3 guidelines and Enel is now set to apply the even more stringent GRI-EUSS (Electric Utilities Sector Supplement) standards designed for utilities in the electricity sector.