- The study analyzed the twenty-nine companies listed in the IPSA. The maximum score that companies could obtain was 24 points, Enel Chile and Enel Américas achieved the best result with 21.5 points.
Santiago, January 10, 2023 - The results of an unprecedented study called "First Program on Business and Human Rights in Chile," carried out by the Corporate Sustainability Program of the Law School of the Catholic University in collaboration with the World Benchmarking Alliance (WBA), were released on Tuesday.
The study included the 29 companies listed in the IPSA. The maximum score that companies could obtain was 24 points; in the case of Enel Chile, it received 21.5 points, as did Enel Américas.
"This result shows our company's commitment to Human Rights and the road we have been on since 2016 hand in hand with our stakeholders. We have made progress in understanding human rights and their impact on sustainable development to systematically integrate them into our business strategy throughout the value chain. Our goal is that with the daily work under our shared purpose, we achieve a better society", said Fabrizio Barderi, general manager of Enel Chile.
Background information gathered in the study was obtained from companies' available public information between March and June 2022, such as Sustainability Reports, Annual Reports, or web pages, following the Corporate Human Rights Benchmark (CHRB) methodology.
"This achievement fills us with pride. We are inspired to continue this path of where we have to move as a company. We also take it as an invitation that it is always the right time to ask ourselves what more we can do. We always want to go further so that our management has a positive impact," said Montserrat Palomar, manager of Sustainability and Community Relations of Enel Chile.
Three dimensions were evaluated in the study:
Commitment and Governance: the political commitment of the company's senior management (the board of directors) to respect human rights.
Due Diligence: due Diligence has been implemented to identify and manage impacts.
Grievance and Remediation: the establishment of effective grievance and redress mechanisms.
Dimensions were broken down into 54 variables, thus the final score for each company.
Enel Chile achieved first place in the study and obtained a score well above the average of the rest of the companies, with 40% compliance.