Energy Efficiency

Giving recognition where recognition is due

Enel, Mol and Siemens confirmed once again by Dow Jones

Being mentioned by the Dow Jones Sustainability World Index is by no means an easy feat. It means your company is actually making a difference and it deserves to be recognized for doing so. It means you are sustainable and setting a benchmark for others to look up to, also in terms of business ethics, economics, environment and social standing. Without further ado, these are the companies worth mentioning.

Enel has been confirmed on the DJSI world for an astounding fifteenth consecutive year. Also on this year’s edition it’s worth mentioning that Endesa, Enel’s subsidiary in Spain has also been included thus marking its eighteen consecutive nomination. These are two of the eight companies admitted to the index at global level in regards to the utility sector. Another subsidiary, this time from South America, Enel Americas has been included in the Dow Jones Sustainability Emerging Markets Index and Dow Jones Sustainability Latin American Integrated Market Pacific Alliance Index for the first time, as well as in the Dow Jones Sustainability Chile Index for the second straight year. Enel Chile has been included in the three indexes for the first time.

All this of course serves to support the inherent sustainability in Enel’s business model, assuring everyone that Enel will continue to lead the energy transition, taking advantage of all the opportunities offered by renewables, digitalization and advanced energy solutions. This was argued by Francesco Starace, Enel CEO and General Manager who also outlined the goal of maximizing shared value for their stakeholders.

Also worth mentioning is the fact that Enel stood out by respecting the criteria focused on assessing the performance of electric utilities on leading the transition towards a low-carbon energy model. Other arguments towards this achievement are constituted by a strong commitment to developing renewable energy, fostering sector digitalization and the launch of new innovative and sustainable solutions in order to anticipate the need of global customers. Enel has also obtained top marks in what pertains to business ethics, environment management, cybersecurity, supply chain management, stakeholder engagement and corporate citizenship. Transparency and accountability on social and environmental performance were also taken into consideration.

But it does not stop here as Enel is also listed on other sustainability indices: FTSE4Good Index, the Euronext Vigeo Indices, the STOXX Global ESG Leaders indices, the Carbon Disclosure Leadership Index and the Thomson Reuters Diversity & Inclusion Index.

All this will not go unnoticed and Enel is increasingly attracting the interest of ESG investors with a steadily increase of their stake in the company which represents over 8.6% of the Group’s share capital as of December 31st, 2017. This is an increase of 46% compared to 2014, which showcases the growing importance the financial market gives to non-financial elements in the creation of long-term sustainable value. This success is due to Enel’s complete strategy which has placed sustainability and innovation at the core of meeting the most important energy challenges.

Another worthy inclusion is Siemens Gamesa, this being the ninth time it is mentioned in the index and its third year in a row. Furthermore, it is the only Spanish company in the Machinery and electrical equipment category which comprises a total of 116 companies around the world. Also it has been included in the European index (Dow Jones Sustainability Indices Europe DJSI Europe).

The particular areas where Siemens excelled were Corporate Governance, codes of business conduct, Corporate citizenship and philanthropy, supply chain management, Operational Eco-efficiency and Product stewardship. Being marked among the best and most sustainable business models will certainly attest to Siemens’ stature as a reputed global sustainability leader in the eyes of stakeholders, financial analysts and the public. Siemens is also a member of other known sustainability indexes such as FTSE4Good, Ethibel Sustainability Index or Global Challenges Index, among others.

Last but certainly not least we need to mention MOL, recognized for the third consecutive year by DJSI and ranked now in the top 15% of Upstream & Integrated Oil & Gas companies worldwide in terms of sustainability. The MOL Group consistently receives strong scores among leading sustainability indices and is the sole emerging European member of the index. According to the company’s long term plans, they aim at continuous adaptation of their business strategy in order to further the low carbon agenda and continue to be a top Environmental, Social and Governance (ESG) performer.

Tags

Related Articles

Close