Enel launches new intertwined reporting 2021″ Towards stakeholder capitalism”

Enel launches new intertwined reporting 2021″ Towards stakeholder capitalism”

Moment Enel published the new website devoted to Integrated Reporting 2021″ Towards stakeholder capitalism”, a digital platform which the Group uses to illustrate, in an innovative and intertwined way, its vision, 2021 performance, medium- and long- term prospects, strategy and sustainable business model. This conception is inspired by” Stakeholder Capitalism” aimed at pressing the sustainable value created and distributed to all Group stakeholders in line with” Open Power for a Brighter Future we empower a sustainable progress ”.
“ In an decreasingly connected world with ambitious challenges ahead, long- term value creation will only be possible if it’s grounded on business models that are sustainable and consider all applicable stakeholders,” reflected Alberto De Paoli, Enel’s Chief Financial Officer.” This is why we’ve decided to add to the traditional profitable-fiscal confines, new confines that aim to represent the effective creation and distribution of value for all stakeholders, together with the quality that the company pursues in its conduct for the benefit of all. ”

” We work with all our stakeholders to ameliorate the terrain and social settings in which we operate and to achieve sustainable and continuing progress,” reiterated Ernesto Ciorra, Enel’s Chief Innovability ® Officer.” Sustainability expresses the company’s capability to produce value over time with and for its stakeholders”.
Considering Moment’s major global challenges, in 2021 Enel created the ENEL STAKECAP © ™ model, which introduces new criteria to completely define the Group’s conception of value creation. The alleviation comes from the principles of stakeholder capitalism developed in 1984 byR.E. Freeman and taken up and supported by the World Economic Forum(” Measuring Stakeholder Capitalism Towards Common Metrics and Harmonious Reporting of Sustainable Value Creation ”- September 2020), which lately suggested that companies borrow a set of ad hoc criteria integrating sustainability and finance. This integration is now essential since any assessment of the capability to produce value must examine the complex system of stakeholders with whom a company has to work.

The Enel Group introduced the conception of” Sustainability is Value” in the Strategic Plan unveiled in November 2019 to punctuate the close correlation between profitable performanceand sustainable performance, with the Plan presented to the requests in November 2021, in addition to the Group’s objects in terms of profitability and functional and artificial performance, also including possible benefitsfor stakeholders.
Enel’s model renews the generalities of value creation, distribution of value to stakeholders and the choice of new profitable-fiscal quality pointers. These evolve stoutly and take into account the requirements of different stakeholders with the end of defining the quality of the company’s conduct to meet them, while continuously seeking to produce long- term sustainable value.

The methodologies used to determine the Group’s profitability and stability reflect an integrated approach to long- term sustainability, measuring Enel’s performance not only by traditional fiscal criteria, but by embracing new