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The governance of sustainability

  • GRI
    

Creating long-term sustainable value for all stakeholders is a primary goal for Enel. Climate change, atmospheric emissions, water resource management, biodiversity, the circular economy, health and safety, diversity, personnel management and development, relations with communities and customers, the supply chain, ethical conduct and human rights are just some of the topics that make up sustainability. Enel has created a specific governance structure based on international best practices that covers the various company, decision- making and operational processes along the entire value chain.

  • The Board of Directors reviews and approves strategic, industrial and financial plans, including the annual budget and Group Industrial Plan, that supplement the main guidelines to promote a sustainable business model and lay the foundations for creating value in the long term. The Board is responsible for approving the Sustainability Report and Consolidated Non-financial Statement (NFS) in accordance with Legislative Decree 254/16, after consulting with the Control and Risks Committee and Corporate Governance and Sustainability Committee respectively.
  • The Corporate Governance and Sustainability Committee is entrusted, among others, with the task of monitoring sustainability topics related to business operations and the dynamics of interaction with all stakeholders. The Committee also: reviews the guidelines of the Sustainability Plan and procedures for implementing the sustainability policy; monitors the inclusion of Enel in main sustainability indexes; reviews the general configuration of the Sustainability Report and NFS and relative contents, as well as the completeness and transparency of information provided; reviews the main company rules and procedures that have an impact on stakeholders.
  • The Control and Risks Committee is required, among others, to review the contents of the Sustainability Report and NFS which are significant for Internal Control and Risk Management System purposes, as well as the main company rules and procedures of this system and which may be significant for stakeholders.
  • The Chairman of the Board of Directors, currently also the Chair of the Corporate Governance and Sustainability Committee, has a proactive role, as part of its function to steer and coordinate the activities of the Board, in the process to approve and supervise the sustainability strategy.
  • The Chief Executive Officer and General Manager handles the definition and adoption of the sustainable business model, establishing guidelines to manage the energy transition, promoting the production of zero-carbon emission energy and company practices that take into consideration the expectations of various stakeholders.
  • The Innovability (Innovation and Sustainability) Function, reporting directly to the Chief Executive Officer, manages all activities concerning sustainability: defining the Sustainability Plan and monitoring progress, preparing reporting, overseeing relations with international associations on sustainability and ESG indexes and rating agencies (coordinating with the Investor Relations unit), and managing projects to create shared value. There are also Holding units which are responsible for the various activities of Enel SpA and which guide and coordinate the various Sustainability units in different countries and Business Lines.

Each Country or Region identifies the expectations of its local stakeholders and consequently defines the sustainability strategy, adapting Group guidelines to requirements of the local context.