- The Integrated Annual Report achieved top positions in completeness and quality for the indicators related to the disclosure of information on sustainability, corporate governance, strategy, and business model, and also ranked highly in completeness for the indicators that enhance this regulation by incorporating international standards
In addition to complying with regulations, companies are increasingly expected to show how they handle the risks and opportunities related to environmental, social, and governance (ESG) factors and evaluate their influence on long-term financial results.
The 2026 Annual Study by GovernArt examined the annual reports of 30 leading companies in the country, assessing the completeness and quality of the information they disclosed. This evaluation was based on compliance with NCG 461—which mandates transparency on sustainability and corporate governance in the Integrated Annual Report—NCG 519, which refines and updates this regulation by integrating international standards, and the IFRS S1 and IFRS S2 standards, focusing on general sustainability requirements and climate risk disclosures.
The results indicate substantial improvements in corporate transparency while also highlighting notable variations across sectors and companies.
In this context, Enel Chile was one of the top three companies in terms of the completeness and quality of its reported information, positioning itself as a national leader in transparency, sustainability, and corporate disclosure.
Enel Chile particularly stands out by delivering the best overall performance in the study for the indicators mandated by NCG 461 and 519. The company's completeness reached 96%, and its quality was 74%, establishing it as a benchmark for transparency.
Both results exceed the market average of 85% for completeness and 55% for quality.
These findings are especially important as Chile advances toward making the international standards IFRS S1 and IFRS S2 mandatory, which will necessitate companies to disclose the financial impacts of sustainability and climate change.
Beyond regulatory compliance
The results show not only the company's reporting capability but also how sustainability practices are embedded within its management. This performance is influenced by ongoing dialogues with diverse stakeholder groups, collaboration throughout the entire value chain, and continuous efforts to adapt international standards to the local context.
Additionally, some see transparency as an ongoing process of improvement. Instead of just meeting existing regulations, the emphasis is on adopting globally recognized practices and steadily enhancing standards in reporting, governance, and sustainability.
ESG information plays an increasingly vital role in financial decisions. Investors and other stakeholders now rely on it for risk assessment, capital allocation, and forecasting company performance, highlighting the need for consistent, comparable reports aligned with global standards.
The study's results indicate that basic service companies, such as Enel Chile, are at the forefront of this transformation, notable for their advancements in transparency and sustainability standards.