2015 results

During 2015 Enel achieved economic, financial and Sustainability results in line with the objectives included in the latest Strategic Plan, despite the continuation of the complex macroeconomic context, thus confirming the resilience of its business model – i.e. a flexible Plan which allows a prompt response to the challenges and the opportunities which arise.

Sustainability interprets and translates the Group’s strategy into concrete actions, through a precise, challenging and agreed Sustainability Plan.

Set out below is the significant progress in the Sustainability Plan 2015-2019, with reference to the main SDGs to which it directly or indirectly contributed and the related chapters of the Sustainability Report, where the activities and initiatives are described in detail.

Progress on Sustainability Plan 2015-2019

Business and governance issuesSustainability Plan 2015-2019 ObjectiveInitiative Country SDG and Chapter of Sustainability Report 2015

Sound governance and fair corporate conduct
Continuous improvement in “Compliance Program” on anti-corruption and enhancement of the notification channel The process of managing notifications related to the Code of Ethics was reviewed in order to guarantee greater transparency, traceability and standardize the assessment systems at Group level. Global
Getting to know Enel

Creation of economic and financial value
Operational efficiency: optimization of the allocation of capital and reduction in cash cost The EBITDA target of growth of 400 million euro was achieved as well as the goal of reducing the cash cost1 to 3%, for a total value in 2015 of 12,413 million euro and efficiency savings of 450 million euro. Global
Strategy and Sustainability Plan

Creation of economic and financial value
New dividend policy The dividend proposed for 2015 is 0.16 euro per share, with an implicit payout of 55%2 compared to 50% indicated in the dividend policy. Holding
Strategy and Sustainability Plan

Industrial growth
Acquisition of new customers: +4.5 million new electricity and gas customers to 2019 / +11 million smart meters installed to 2019 +0.5 million end customers in Latin America and +2 million smart meters installed. Global  
Quality for customers

Energy efficiency
Development of “Simple” products (LED, electric vehicles and home devices) Under the “Sustainable and safe mobility plan”, Endesa launched an electric transport plan for employees, which at December 31 ended with 158 electric vehicles bought. Iberia  
Open Innovability

Quality for customers
Focus on vulnerable customer groups 5 special payment programs were developed in different areas of Santiago, which over 1,300 customers have benefitted from and thanks to which more than 200 customer households have regularized their invoice situation. Chile
Quality for customers

Quality for customers
Focus on vulnerable customer groups Development by Condensa of a guide for the dissemination of management model for customers aimed at inclusion, which takes account of people’s diversity and favors the elimination of all discrimination. Colombia
Quality for customers

1 The cash cost consists of the total investments in maintenance (so-called Maintenance Capex) and the operating costs (so-called Opex) net of non-recurring items (for example allocations to staff costs for extraordinary redundancy plans).

2 Including newly issued shares for the integration of Enel Green Power.

Environmental issuesSustainability Plan 2015-2019 Objective Initiative Country SDG and Chapter of Sustainability Report 2015

Climate strategy
Reduction in specific CO2 emissions (< 380 gCO2/kWheq by 2020) Carbon neutrality by 2050 remains the long-term goal of the Enel Group despite specific CO2 emissions of 409 gCO2/kWheq being slightly up, due to a reduction in hydroelectric production caused by reduced water availability, with a corresponding higher production from thermoelectric plants. Despite this, Enel has increased its own CO2 emissions reduction target to 2020 from the previous 18% to the current 25% compared to the values of 2007 (< 350 gCO2/kWheq). Global 13 CLIMATE ACTION
Environment

Mitigation of environmental impacts
Reduction in specific SO2 emissions by 10% compared to 2010 - by 2020 SO2 emissions increased by 10.5% owing to the temporary closure of some units which are under maintenance in the Nováky plant in Slovakia, with a corresponding higher contribution from less efficient units. Global 12 RESPONSIBLE CONSUMPTION AND PRODUCTION 15 LIFE AND LAND
Environment

Mitigation of environmental impacts
Reduction in specific NO2 emissions by 10% compared to 2010 - by 2020 Specific NO2 emissions remained almost constant compared to 2014. Global 12 RESPONSIBLE CONSUMPTION AND PRODUCTION 15 LIFE AND LAND
Environment

Mitigation of environmental impacts
Reduction in particulates by 50% compared to 2010 - by 2020 Particulates fell by 30% compared to 2014. This result was possible mainly thanks to the installation of fabric filters in the Reftinskaya GRES plant in Russia. Global 12 RESPONSIBLE CONSUMPTION AND PRODUCTION 15 LIFE AND LAND
Environment

Efficient use of water resources
Reduction in specific water consumption by 10% compared to 2010 - by 2020 Specific water consumption fell by 6.3% compared to 2014. Global 12 RESPONSIBLE CONSUMPTION AND PRODUCTION
Environment

Biodiversity and natural capital protection
Preparation of Group Biodiversity Policy and implementation of biodiversity plan Group Biodiversity Policy published. Global 14 LIFE BELOW WATER 15 LIFE AND LAND
Environment

Biodiversity and natural capital protection
Continuation in safeguarding threatened species in protected areas near plants 146 projects were undertaken relating to protecting species and natural habitats. Global 14 LIFE BELOW WATER 15 LIFE AND LAND
Environment

Social issuesSustainability Plan 2015-2019 ObjectiveInitiative Country SDG and Chapter of Sustainability Report 2015

Employee management, development and motivation
Definition of new Group values system 4 Group values have been defined and 10 related behaviors as part of the new Open Power approach. Global 8 DECENT WORK AND ECONOMIC GROWTH
Our people Getting to know Enel

Valorization of employee diversities
Development of policies and initiatives to valorize diversity The Diversity and Inclusion Policy has been published, the fundamental principles of which are: no discrimination, equal opportunities and equal dignity for all forms of diversity, inclusion, work-life balance. Global 5 GENDER EQUALITY
Our people

Responsible relationships with communities
Implementation of new projects for the social and economic development of the communities where Enel operates to create shared value and to measure impacts During 2015 Enel undertook projects aimed at inclusive, sustainable and long-lasting economic growth and the promotion of employment for a total of 428 thousand beneficiaries. Global 8 DECENT WORK AND ECONOMIC GROWTH
Responsible relationships with communities

Responsible relationships with communities
Definition of projects to support the community During 2015 Enel undertook projects aimed at guaranteeing high quality, inclusive and fair education for a total of 84 thousand beneficiaries. Global 4 QUALITY EDUCATION
Responsible relationships with communities

Community - Access to electricity
Doubling the number of beneficiaries of ENabling ELectricity by 2019 The objective of ENabling ELectricity flows into the broader objective of Access to Electricity. During 2015 Enel undertook projects as part of access to electricity for a total of 591 thousand beneficiaries in Asia, Africa and Latin America. Global 7 AFFORDABLE AND CLEAN ENERGY
Responsible relationships with communities

Responsible relationships with communities
Implementation of new projects for the social and economic development of the communities where Enel operates to create shared value and to measure impacts Enel started the Futur-E project to start an open dialogue with institutions, companies and local communities in order to identify new uses for 22 plants that are being closed throughout Italy. Italy 11 SUSTAINABLE CITIES AND COMMUNITIES
Responsible relationships with communities

Health and safety
Focus on responsible conduct and on a preventative approach Numerous initiatives were realized and country improvement plans drawn up which enabled a reduction in injury rates in all areas, both for employees and for contractors. Global 3 GOOD HEALTH AND WELL-BEING
Occupational health and safety

Responsible supply chain management
Strengthening of policies of correctness and transparency throughout the supply chain New operational practices were identified and applied regarding checks on the “Requirements of good standing” for suppliers, aimed at consolidating the existing control system in the supply chain through more incisive action to combat corruption. Global 12 RESPONSIBLE CONSUMPTION AND PRODUCTION
Sustainable supply chain

Responsible supply chain management
Enhancing and increasing the integration of sustainability factors into the vendor approval and rating systems The Sustainable Supply Chain Project was launched aimed at standardizing across the whole scope of the Enel Group the criteria for monitoring companies from the viewpoint of environmental impact, safety and respect of human rights. Global 12 RESPONSIBLE CONSUMPTION AND PRODUCTION
Sustainable supply chain

Value created for stakeholders

The economic value created and shared by Enel gives a good indication of how the Group has created wealth for stakeholders.

Millions of euro20152014
Revenue 75,658 75,791
Net income / (expense) from commodity risk 168 -225
External costs 53,323 53,39
Gross global value added from continuing operations 22,503 22,176
Gross value added from discontinued operations - -
Gross global value added 22,503 22,176
distributed to:
Shareholders 1,316 1,222
Lenders 2,848 3,007
Employees 5,314 4,864
State 3,369 654
Enterprises 9,656 12,429