On Friday, January 10, the third "Diagnosis on Business and Human Rights in Chile" was presented. This report was prepared by the Corporate Sustainability Program of the Faculty of Law at the Pontifical Catholic University of Chile in collaboration with the World Benchmarking Alliance (WBA).
The 28 companies included in the Selective Share Price Index (IPSA) participated in this assessment to analyze how well they are implementing the United Nations Guiding Principles on Business and Human Rights. This study measures their progress in identifying, monitoring, and mitigating social impacts.
The diagnosis was conducted using the Corporate Human Rights Benchmark (CHRB) methodology, which consists of 12 indicators focusing on three key areas:
- Commitment and Governance: This area assesses the extent of senior management's commitment to respecting human rights, including the board of directors.
- Due Diligence: This analyzes whether processes exist to effectively identify and manage impacts on human rights.
- Complaints and Remediation: This reviews the availability of effective mechanisms for managing complaints and providing appropriate redress.
Enel Chile received 18 points out of a possible 24, ranking third in the IPSA index. This score exceeds the average of the evaluated companies by seven points, allowing Enel Chile to maintain its leadership position in this area since the ranking was established in 2022.
Montserrat Palomar, the Head of Sustainability at Enel Chile, emphasized the need to intensify efforts in this area. "This result motivates us to continue our work to promote respect for human rights. We are excited not only about the significance of this study but also about the positive performance of the companies evaluated," she stated.
Enel Chile has reaffirmed its position as a leader in the energy sector, taking a proactive and preventive approach based on the principles and standards that uphold Human Rights.
The increasing demand for analysis and diagnostic criteria in this sector presents new challenges for companies. Enel acknowledges that these standards will continue to evolve, and with the anticipated implementation of new regulations in Chile, it is crucial to maintain exceptional performance. This commitment serves as a strong foundation for adapting to regulatory changes and ensuring the well-being of individuals and the entire value chain through ethical and sustainable management.