Subscribe to news

Enel admitted to Euronext Vigeo sustainability indices for trird straight yeat

8 June 2015, 04:33
Tags: Enel

1513 views

Enel has been confirmed in the Euronext Vigeo – World 120 index, listing the 120 most sustainable companies with the largest free-float market capitalisation in Europe, North America and the Asia Pacific region as of May 2015. At the same time, Enel has also been confirmed in the regional Euronext Vigeo Eurozone 120 and Europe 120 indices, which respectively list the 120 most sustainable companies with the largest free-float in the Eurozone and the European region. Enel has been included in these indices since their inception three years ago. Euronext Vigeo updates its inclusion criteria every six months, ensuring that the sustainability credentials of companies listed in its indices are constantly tested against the latest trends and global developments.

Enel Group subsidiaries Endesa and Enel Green Power have been included in the Euronext Vigeo – World 120 index since the end of 2014. In turn, these companies have also been included in the Euronext Vigeo Europe 120 and Eurozone 120 indices since their inception three years ago.

“We are very happy to be included once again in Euronext Vigeo’s rankings” said Enel CEO Francesco Starace, “Our confirmation in these indices is a recognition of the robust nature of Enel’s sustainability policies. The environmental, social and governance criteria against which global companies are assessed by Euronext-Vigeo are rigorous and demanding, which means that we need to stay ahead of trends if we want to remain in these rankings. Enel is committed to a long term, forward-looking approach, ensuring that we remain a global leader in corporate sustainability.”

The Euronext Vigeo indices acknowledge the efforts of leading companies that place sustainable development at the core of their business agenda. Vigeo draws up the indices’ composition by analysing nearly 330 indicators for each company based on 38 criteria, including respect for the environment; human rights engagement and recognition of companies’ human capital; relations with stakeholders; corporate governance and business ethics; integrity in influencing policy and efforts to fight corruption; and the prevention of social and environmental dumping in the supply and subcontracting chain.

In addition to these three rankings, the Enel Group also participates in the world’s leading sustainability indices, including the Dow Jones Sustainability Index World, the Dow Jones Sustainability Index Europe, FTSE4Good, the Carbon Disclosure Leadership Index, the Carbon Performance Leadership Index and Newsweek Green Ranking.

Based on the last report, SRI (Socially Responsible Investor) funds own 5.9% of Enel shares held by institutional investors, amounting to 8.6% of the company’s free-float.