Enel included for the first time in MSCI ESG Leaders Indexes

Published on Friday, 19 June 2020

“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. 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.”

– Francesco Starace, Enel CEO and General Manager

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.