8DECENT WORK AND ECONOMIC GROWTH
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
9INNOVATION AND INFRASTRUCTURE
Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation
16PEACE, JUSTICE AND STRONG INSTITUTIONS
Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels
17PARTNERSHIPS FOR THE GOALS
Strengthen the means of implementation and revitalize the global partnership for sustainable development
Since 1999 (the year of its listing), Enel has been listed on the “Mercato Telematico Azionario” organized and managed by “Borsa Italiana SpA”, which includes main international investment funds, insurance companies, pension funds and ethical funds, also thanks to the implementation by Enel and the Group of the best international transparency and corporate governance practices. The Company records the highest number of shareholders among Italian companies; in addition, the Enel Group includes 14 other companies issuing shares listed on the Argentine, Brazilian, Chilean, Peruvian, Russian, Spanish and US stock exchanges.
Socially Responsible Investment (SRI) funds continued to grow again in 2018. Enel’s share capital includes 169 SRI funds (160 in 2017), who hold about 10.5% of total shares outstanding (8.6% in 2017), equal to 13.7% of the free float (11.3% in 2017).
ENEL AND THE FINANCIAL MARKET
Enel believes it is consistent with its own specific interest, and its duty to the market, to ensure a constant and profitable relationship with the majority of shareholders and with institutional investors. This relation, based on mutual understanding of roles, aims to increase the relative level of understanding of the activities carried out by the Company and the Group. In this context, Enel maintains a dialogue with investors based on the principles of fairness and transparency, in compliance with EU and national regulations on market abuse, as well as in line with international best practices.
Since the listing of its shares on the Stock Exchange, Enel has deemed it appropriate to set up corporate structures dedicated to dialogue with institutional investors and with the majority of shareholders. As such, the Investor Relations unit was set up, currently located within the Administration, Finance and Control Function, and an area in the Corporate Affairs Unit, which is in turn located within the Legal and Corporate Affairs Function.
In 2018, meetings with investors (road shows, one-to-one, conferences, etc.) amounted to around 660, with a weekly frequency of almost 15 meetings. About 6% of these meetings were dedicated to specific in-depth studies on ESG (Environmental, Social and Governance) issues. Nine roadshows were organized, one of which was specifically addressed to ESG investors. Non-financial issues are increasingly part of the valuation elements included by institutional investors in their investment choices. The topics of greatest interest are value creation, good governance, the reduction of CO2 emissions and more generally the analysis of risks and opportunities arising from climate change. Specific meetings are also held with investors on these issues, through the Investor Relations unit, in coordination with the Innovability Function. Furthermore, on the Company’s website (www.enel.com, “Investors” section), information of an economic-financial, environmental, social and governance nature can be found. This includes updated data and documents of particular interest, for a multidisciplinary and integrated vision. In 2018 a new app was also launched that allows investors to access the information on the site in a simpler and more interactive way.
THE SUSTAINABLE MARKET DAY 2018
The day the Group presented its 2019-2021 Strategic Plan to investors and the media was a carbon neutral occasion, with a positive impact from an environmental and social perspective. With the collaboration of the Treedom startup, over 440 trees were planted in Colombia and 300 pomegranate plants in Sicily, as part of agroforestry projects that aim to reduce the greenhouse effect, protect the biodiversity of the area and develop entrepreneurial skills of local communities (https://www.treedom.net/it/organization/enel/event/capital-markets-day).