Enel has been included for the first time in the Bloomberg Gender Equality Index (GEI), being one of the leading 325 companies among nearly 6,000 companies publicly-listed firms across 84 countries assessed based on the extent of the disclosures and the achievement their gender inclusion initiatives. Enel’s Spanish subsidiary Endesa has also been included for the first time.
In addition, at the World Economic Forum in Davos it was announced that Enel is also included for the first time in the Corporate Knights Global 100 Most Sustainable Corporations in the World index, reaching the 8th position overall. Enel ranks first among the four Italian companies included in the index and second within the power sector. The media, research and financial information products company Corporate Knights includes in the ranking the most active and transparent companies with regards to sustainable practices and performance.
“Our inclusion in these two prestigious indices highlights that sustainability for Enel is a 360° commitment, driving not only our strategic business choices and operations, but also the way we relate to our people and all our stakeholders,” said Ernesto Ciorra, Head of Innovability at Enel. “The presence in Bloomberg GEI shows that in Enel diversity and inclusion are considered a resource and a stimulus to push innovation driving the success of our sustainable business model. This same model, thanks to its focus on boosting renewables, network digitalization and sustainable energy solutions, contributed to the recognition of our Group by Corporate Knights Global 100 as one of the most sustainable companies in the world and a leader in the energy transition”.
Enel’s inclusion in the Bloomberg GEI is due to its practices on promoting the presence of women at the Board of Directors, management positions and new hires, contributing to equal pay and conceiving social benefits and work life balance solutions to all its employees. Furthermore, Enel’s commitment to transparency on gender equality has also been recognized, making available a wide range of performance data to investors through Bloomberg database.
Bloomberg’s reporting framework provides a comprehensive, standardized format for companies to voluntarily disclose information on how they promote gender equality across four distinct areas: company statistics, policies, community engagement, products and services. Reporting companies that score above a globally-established threshold are included in the GEI.
With a presence in more than 30 countries, diversity and inclusion have become key elements of Enel’s corporate culture and strategy. The implementation of such ambition began in 2013 with the issuing of the Human Rights Policy followed by a specific policy to promote diversity and inclusion in the workplace, in conjunction with adherence to the Women Empower Principles – backed by the UN Global Compact and UN Women – and in line with the UN Sustainable Development Goals that Enel proactively supports.
The main criteria that made Enel to be included in the sixteenth edition of the Corporate Knights Global 100 ranking were, among others, the high revenue generation from clean power and low carbon activities, the increasing trend of energy productivity, the reduction of water consumption over the last three years and the high female board representation.
The Global 100 ranking, which is based on publicly-disclosed data, selects the most sustainable companies by analyzing 7,395 companies against global industry peers on a suite of up to 21 quantitative key performance indicators, weighted to reflect each industry’s impact profile and covering natural resource management, employee management, financial management, clean revenue and supplier performance.