Enel has made its first appearance in the MSCI environmental, sustainability and governance (ESG) leaders index.
Companies featured in the index integrate ESG factors into investment decision processes.
This means Enel’s investment portfolio is resilient to long-term ESG risks.
In 2019 Enel received for the first time the highest MSCI ESG rating (“AAA”), paving the way for the company’s inclusion in this year’s MSCI ESG Leaders Indexes, the most prestigious among MSCI’s index series measuring companies’ sustainability performance.
Enel’s increase in renewable energy investments and its efforts to meet carbon emissions goals aligned to the Paris Agreement have led to the company’s inclusion in the index.
Enel has committed to a 70% reduction in its direct greenhouse gas emissions per kWh by 2030 with respect to 2017 levels.
Francesco Starace, the CEO of Enel, said: “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.”
Recent inclusion of Enel in top global energy sustainability indices include:
- 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.
- In the semi-annual review of the Euronext Vigeo-Eiris 120 Indices both at global (World index) and regional (Europe and Eurozone indices) level. The index lists the 120 most sustainable companies out of the 1,500 largest companies in terms of free-float market capitalisation in North America, Asia-Pacific and Europe.
Other indexes rating companies’ sustainability efforts which Enel is part of include 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.