Enel’s presence in the main energy and sustainability associations

Enel’s presence in the main energy and sustainability associations The Enel Group plays an active role in associations and sustainability organisations, at both national and international level, which set long-term goals and commitments to promote a sustainable way of doing business and to manage the challenges of climate change and socio-economic pressures affecting the macroeconomic environment, particularly in the energy sector.

United Nations Global Compact (UNGC)

Enel has been a “Participant” member of the United Nations Global Compact (UNGC) since 2004 and is one of its 2019 LEAD companies. This group of companies represents the participants most involved in the initiative, thanks to their commitment and adherence to the 10 founding principles on human rights, labour standards, environmental protection and the fight against corruption. In 2019, Enel also demonstrated its commitment by taking part in the Action Platforms “Financial Innovation for SDGs”, “Pathways to Low-Carbon and Resilient Development”, “Reporting on the SDGs” and “Peace, Justice & Strong Institution”, as well as submitting an advanced Communication on Progress (CoP). The Group’s leadership – resulting in a strategy and actions based on the above principles to achieve the SDGs – also gave Enel the opportunity to be part of the UN Global Compact Expert Network, an advisory group which provides an essential strategic contribution to defining the organisation’s planning priorities and agenda. Moreover, Enel’s CEO is a member of the Global Compact Board and is currently in his second term (2018-2021). He has therefore renewed his commitment to supporting the sustainability initiative which has been ongoing since 2015, when he was appointed for his first term. In 2019, in light of the key importance of climate change at international level, the Group was among the first 28 signatories of the Business Ambition for 1.5 °C Pledge, whereby it committed to limiting global temperature rise to 1.5 °C from pre-industrial levels and achieving zero emissions by 2050. It also pursued its commitment by participating in the platform. Furthermore, during 2019, Enel confirmed its commitment as a sponsor within the “Financial Innovation for SDGs” Ac ion Platform, which comprises the “CFO Taskforce for the SDGs” of which Enel holds the joint presidency. This initiative represents an innovative dialogue platform between various Chief Financial Officers around the world, with the aim of promoting sustainable finance and scalable investments to achieve the SDGs. As part of the United Nations programme, Enel is also an endorsing company of the “Caring for Climate” initiative to promote the role of businesses in tackling climate change, and the “CEO Water Mandate”, which was set up to support businesses in sustainable water management. Since 2015, Enel has been a signatory company of the Women’s Empowerment Principles (WEPs) to promote gender equality within the private sector, in the workplace, on markets as well as in communities.

CSR Europe

CSR Europe is the European business network dedicated to sustainability, of which Enel has been a member since 2005. The Group has held the position of Deputy Chair of the Board since 2016, and in 2019 had its term renewed for a further three years. Enel takes part in the organisation’s activities, themed meetings and projects and, in 2019, it was one of the first signatories of the “CEOs Call to Action”, an appeal backed by many Chief Executive Officers and addressed to the new European political leaders, for Europe to become a driver for change by adopting a new development model in line with the 2030 Agenda objectives. The initiative will lead to the development of the Pact 4 Sustainable Industry in 2020 to foster a European industry that is increasingly climate-neutral, circular and resource-efficient.

Global Reporting Initiative (GRI)

Enel has been a member since 2006, and since 2016 it has been part of the GRI Community and the Stakeholder Council – the multi-stakeholder consulting body that supports the GRI Board of Directors on strategic issues. On top of its participation in activities shared among GRI Community members, Enel has continued its commitment within the Corporate Leadership Group on Digital Reporting – a two-year programme focusing on the main challenges of digitalizing information and possible solutions for making external reporting more and more efficient. Importantly, the Group’s work will result in the publication of recommendations in 2020 that will serve to support participants in the area of digital reporting. The collaboration with GRI has also led Enel to provide its own support with the translation work into Italian of the GRI Sustainability Reporting Standard (GRI Standard), which was launched on 30 September 2019. The dissemination of this Standard has become ever more important in the context of the 2030 Agenda – a large and complex system where everyone is expected to contribute towards achieving the objectives. With this in mind, Enel and GRI have decided to further strengthen their partnership through an innovative form of collaboration, to be developed over a two-year period (2019-2020). By pooling their respective skills, they have set themselves the double objective of analysing whether and how the United Nations 2030 Agenda and SDGs impact the corporate reporting process and how businesses and governments collaborate to make progress on the SDGs in the various geographical, economic and socio-political contexts. This analysis will improve and innovate the concept of “partnership” itself, in line with SDG 17 – a key element for accelerating and boosting the private sector’s impact in achieving the 2030 Agenda. The first phase of the project – which ended in 2019 – took the form of two reports following two online debates where Enel and GRI engaged a multi-stakeholder audience to spark a discussion, with the aim of: > delving into the role played up until now by reporting and partnerships in driving change in the private sector to achieve the SDGs; > gaining an overview of the actions to be taken to ensure that the SDG reporting can stimulate the development of new partnerships and new business models. The second and final phase of the collaboration – which is to be completed at the end of 2020 – is based on the results of the two debates and aims to open up dialogue at regional-level focusing on strengthening the role of the SDGs.

World Business Council for Sustainable Development (WBCSD)

Since 2016, Enel has been a member of the WBCSD, an international network of around 200 companies committed to environmental protection and to the principles of sustainable development and economic growth. Enel’s CEO is a member of the Committee and the Company is also represented by a Liaison Delegate. Enel plays an actively part in the various programmes and working groups covering different areas of interest. In 2019, the Group maintained its support for the Factor10 project on the circular economy, the Transforming Urban Mobility project, and the Climate Action & Policy, REscale and SBT4Utilities projects, which are a key part of the Climate & Energy programme. Enel has also been involved in the Redefining Value programme, becoming a member of the Task force on Climate-related Financial Disclosures (TCFD) Electric Utilities Preparer Forum.

Transparency International

In 2019, Enel renewed its commitment to the Business Integrity Forum (BIF), promoted by Transparency International Italia. This brings together several large Italian companies interested in developing common projects to enhance business integrity and disseminate best practices to prevent and tackle corruption, as well as for the benefit of other stakeholders, such as small and medium-sized enterprises. Enel helped set up the BIF Lab, an event organised in collaboration with the Scuola Superiore Sant’Anna in Pisa. Enel brought its experience with “Anti-Bribery and Sustainability” and highlighted how the commitment to anti-corruption – a key pillar of compliance – is being increasingly integrated within sustainable development policies.

Global Investors for Sustainable Development (GISD) Alliance

In 2019, Enel’s Chief Executive Officer, Francesco Starace, accepted the invitation of United Nations Secretary-General António Guterres to join the Global Investors for Sustainable Development (GISD) Alliance – a biennial United Nations initiative that aims to identify new ways of promoting long-term investments for sustainable development. The Alliance is an integral part of the United Nations Strategy for Financing the 2030 Agenda for Sustainable Development and is made up of 30 global business leaders working together to unlock the funding needed to achieve the SDGs and kick-start social, economic and environmental improvement across the world.

Others

The Company has also continued to pursue its commitment to Sustainable Energy for All (SEforALL), an international non-profit organisation which collaborates with the private sector, civil society, institutions and governments to support the Sustainable Development Goal on energy (SDG 7). This commitment comes under the Multi-stakeholder platform on SDGs – the European Commission initiative with a two-year term (2017-2019) which aims to support and guide the Commission in achieving the United Nations Sustainable Development Goals at European level. Lastly, since 2016, Enel has been a member of the International Integrated Reporting Council (IIRC) and the Sustainable Business Roundtable (SBRT).