Enel Generación Chile's main material topics
The results obtained from Enel Generación Chile’s materiality process contributed to identify the topics that are fundamental to the Company’s strategy, and at the same time, are the main input of its Sustainability Plan. Each of the 12 materiality issues identified are specifically linked to the United Nations-driven Sustainable Development Goals (SDGs). Below are presented the four main themes:
- Occupational Health and Safety: Enel Generación Chile and its stakeholders regard occupational health and safety as a priority for the development of their operations. To that effect, the Company embraces the best practices available to detect and prevent situations that may expose its people and contractors to risks.
- Decarbonization of the energy matrix: Climate change is currently the most important challenge for humanity and in this context, Enel Generación Chile and the Ministry of Energy have committed to the decarbonization of Chile’s energy matrix to reduce the emission of greenhouse gases. Through this agreement, Enel Generación Chile committed to progressively shut down its coal fired power plants. As part of this commitment, the company, on December 31, 2019, anticipated the closure of the Tarapacá plant, to which the closure of the Bocamina 1 plant will be added in 2023. Coal-fired plant closures, based on fair transition principles, consider the socio-economic impacts of the operation and its mitigations.
- Community Engagement: The Company’s weaves its operations into the social, economic, and environmental fabric present in the territories where it operates to create value and sustainable development for its stakeholders. This is achieved by creating space for inclusive, transparent and participatory activities and being an active part of the solutions to the communities' main challenges.
- Environmental Management: Due to the nature of the business, Enel Generación Chile’s operations impact the environment in various ways, which is why the Company is committed to minimize and/or mitigate its negative externalities by following their Environmental Policy and Biodiversity Policy, among others. The Company’s environmental management complies with the highest international standards in this subject matter.