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The creating shared value model

  • GRI

A Creating Shared Value (CSV) model has been in place since 2015, integrating social and environmental factors into business processes and throughout the entire value chain. For the model to be implemented, it had to be defined and established within the Company at both cultural and operational level.

In 2016, Policy no. 211 “CSV Process definition and management” was published. It defines how sustainability must permeate company processes across the board, making it a shared responsibility.

To supplement this policy, Operating Instruction no. 1768 “Project Portfolio Management System” was issued, which represents the approach along Enel’s entire value chain in terms of: project identification and relative mapping on the dedicated digitalized platform (Project Portfolio Management System); quality assurance process management; project characterization, including the identification and calculation of beneficiaries; the model to assess the impacts of individual projects.

The CSV model applies to the entire value chain, with particular reference to business development, engineering and construction operations, as well as asset management and maintenance and envisages six phases, as explained below.

An inclusive approach towards the stakeholders also means circular economy solutions: an infrastructure of decommissioned power plants can be transformed into other ways to benefit the community, while involving various stakeholders. An example is the Futur-e project, in Italy, which aims to turn 23 power stations into eco-sustainable places dedicated to science, art, culture and tourism, and new industrial activities. For maximum transparency and further information, more details on the project are available at the dedicated site https://corporate.

The definition and dissemination of guidelines for the use of CSV applications, the development and assessment of sustainability projects, the management of Group-level projects and the dissemination of best practices in the countries where Enel operates are guaranteed by the organizational structure of Innovation and Sustainability Holding and the related Sustainability structures in the various countries of operation. Each Country and Business Line issues and adopts organizational documents (organizational procedures, operating instructions) which, at the local level, describe the methods of application of the CSV model and define the global policy based on the different characteristics of the business and the context.

In 2018, there were over 750 applications of the CSV model2 across the various stages of the value chain.

                                                                                               Application of the CSV model in the Group

L’applicazione del modello CSV nel Gruppo

1 The total value includes 2 CSV applications relative to the market area in Colombia and Peru and a project in Chile covering all business areas.

2 An application is the use of at least one CSV tool in relation to an asset, at any stage of the value chain and in any Business Line. CSV applications in the BD phase include applications relating to BD opportunities (also in initial stages) and business projects leaving the pipeline in 2017. They can also be related to assets in O&M if modernization projects are under way. CSV applications in the E&C phase may relate to assets transferred to the O&M phase at the end of the year. The number of CSV applications in Infrastructure and Networks (I&N) can refer to the concession area but also to areas identified by municipalities and substations.