- The maximum score received in the MSCI ESG rating in 2019 paved the way for Enel’s inclusion in the most prestigious sustainability index series developed by research and index provider MSCI
- Enel has also been confirmed in the semi-annual reviews of the FTSE4Good index series and the Euronext Vigeo-Eiris 120 indices (World, Europe and Eurozone)
Rome, June 17th, 2020 – Enel has been included for the first time in the MSCI ESG Leaders Indexes following the annual review carried out by the leading Environmental, Social and Governance (ESG) research and index provider MSCI of its sustainability indices. This capitalization-weighted index series provides exposure to companies with high ESG performance relative to their sector peers. In addition, Enel has been confirmed in the prestigious FTSE4Good Index series and Euronext Vigeo-Eiris 120 Indices.
“Our inclusion in these renowned indices is the latest confirmation that sustainability is an integral part of our business model, driving our actions towards the creation of shared value for all our stakeholders,” said Francesco Starace, Enel CEO and General Manager. “All of our operations and investment decisions are guided by the UN Sustainable Development Goals, with special emphasis on emission-free generation and highly-efficient energy solutions promoting cleaner and more sustainable energy models.”
The indices, designed for institutional investors willing to integrate ESG factors into investment decision processes, uses a best-in-class approach by only selecting companies with the highest MSCI ESG Ratings, which measure a company’s resilience to long-term, financially-relevant ESG risks. In 2019 Enel received for the first time the highest MSCI ESG rating (“AAA”), paving the way for the company’s inclusion this year in the MSCI ESG Leaders Indexes, the most prestigious among MSCI’s index series measuring companies’ sustainability performance.
In addition, the inclusion is attributable to Enel’s continued investments in renewables and to its ambitious carbon emissions reduction target aligned to the Paris Agreement, under which the company commits to a 70% reduction in its direct greenhouse gas emissions per kWh by 2030 with respect to 2017 levels.
Furthermore, Enel was once again confirmed in the FTSE4Good Index Series, which ranks the top global companies in terms of ESG practices and transparency, following FTSE4Good’s review of the first half of 2020.
The company was also confirmed in the semi-annual review of the Euronext Vigeo-Eiris 120 Indices both at global (World index) and regional (Europe and Eurozone indices) level. Twice a year, the Euronext Vigeo-Eiris World 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. The Eurozone and Europe regional indices list the 120 most sustainable companies out of the 500 largest free-float companies in the Eurozone and Europe, respectively.
FTSE4Good and Vigeo-Eiris indices acknowledged Enel’s outstanding performance in implementing responsible business practices across the entire value chain in the fields of environment, corporate governance, business ethics, human rights, people management and local communities’ engagement, among others.
Enel’s sustainability leadership is also extended to other listed Enel Group companies, such as its Spanish subsidiary Endesa, which renewed its position in the FTSE4Good index and in all the three indices of Vigeo-Eiris. In addition, Enel Américas and Enel Chile, Enel subsidiaries operating in Latin America, were also confirmed in the FTSE4Good Index series.
Enel is also present in several other renowned sustainability indices, such as the Dow Jones Sustainability Indices, CDP Climate “A” List, the STOXX Global ESG Leaders indices, the ISS “Prime” rating, the Bloomberg Gender Equality Index, 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.
Enel is increasingly attracting the attention of Socially Responsible Investors, whose stake in the company is steadily growing, representing about 10.8% of the Group’s share capital in 2019, almost 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 and ESG leadership.