Enel today published the new website dedicated to Integrated Reporting 2021 “Towards Stakeholder Capitalism”, a digital platform that the Group uses to illustrate, in an innovative and integrated way, its vision, its 2021 performance, its outlook for medium and long term, its strategy and sustainable economic model. This concept is inspired by “Stakeholder Capitalism” aimed at highlighting the sustainable value created and distributed to all the Group’s stakeholders in line with “Open Power for a Brighter Future: we empower a sustainable progress”.
“In an increasingly interconnected world with ambitious challenges to overcome, the creation of long-term value will only be possible if it is based on sustainable business models and taking into account all the relevant stakeholders”, commented Alberto de Paolifinancial director of Enel. “This is why we have decided to add to the traditional economic-financial dimensions, new dimensions that aim to represent the effective creation and distribution of value for all stakeholders, as well as the quality that the company pursues in its actions for the benefit of all. .”
“We work with all of our stakeholders to improve the environment and social frameworks in which we operate and to achieve sustainable and sustainable progress,” reiterated Ernesto CiorraChief Innovation® Officer of Enel. “Sustainability expresses the company’s ability to create long-term value with and for its stakeholders”.
Considering the major current global challenges, Enel created in 2021 the ENEL STAKECAP©™ which introduces new metrics to clearly define the concept of the Group’s value creation. The inspiration comes from the principles of stakeholder capitalism developed in 1984 by RE Freeman and taken up and supported by the World Economic Forum (“Measuring Stakeholder Capitalism: Towards Common Metrics and Consistent Reporting of Sustainable Value Creation” – September 2020), which recently proposed a set of metrics ad hoc integrating sustainability and finance. This integration is essential today because any assessment of the ability to create value must examine the complex system of stakeholders with which a company must work.
The Enel Group introduced the concept of “sustainability is a value” in the strategic plan unveiled in November 2019 to highlight the close correlation between economic performance and sustainable performance, with the plan presented to the markets in November 2021, in addition the group’s objectives in terms of profitability and operational and industrial performance, also including any benefits for stakeholders.
Enel’s model renews the notions of value creation, distribution of value to stakeholders and the choice of new indicators of economic and financial quality. These evolve dynamically and take into account the needs of different stakeholders with the aim of defining the quality of the company’s actions to meet them, while constantly striving to create long-term sustainable value. .
The methodologies used to determine the profitability and stability of the Group reflect an integrated approach to long-term sustainability, measuring Enel’s performance not only by traditional financial measures, but by adopting new concepts related to the sustainable development of communities, of society, the planet, colleagues, suppliers, customers, partners, lenders and investors.
Building on its digital structure, the 2021 Integrated Reporting “Towards Stakeholder Capitalism” goes beyond individual reporting documents by developing the content with a view to circularity of information. In addition, defined journeys for each stakeholder allow interconnected and personalized content navigation according to specific areas of interest and context, to discover the Enel Group, its sustainable business model, its strategy, its creation process of value to its stakeholders and its commitment to fighting climate change. .