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Let’s talk equity: Enel as best practice in the “Centering Equity in Corporate Purpose” guide

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Equity is defined as “fair treatment, access, opportunities and progress for all people, while striving to identify and remove barriers that have prevented the full participation of some groups”. For this reason, it is considered to be one of the three pillars of sustainability, along with the environment and the economy.

According to the World Health Organization, the visibility of equity has increased as a central component of sustainability in recent years. Leading cities, regions and organizations are now making equity a central element of their sustainability efforts, in name and in practice. This doesn’t stop there because if society is ready to tackle global inequity, companies will need to be deeply involved in this change.

In the case of companies like Enel, innovation and sustainability go hand in hand and are part of our DNA. That is why, among other reasons, Enel has participated in one of the case studies within the guide “Centering Equity in Corporate Purpose” released by Shared Value Initiative (SVI) and FSG.

 

Download the “Centering Equity in Corporate Purpose” full guide here

 

Centering Equity in the Corporate Purpose

The private sector has a fundamental role to play in addressing major social issues worldwide and, for those like Enel whose goal is to grow in achieving equitable results at all levels of the company, Creating Shared Value (CSV) is one of the best tools.

Last May, with the CSV model as an important component, SVI and FSG published “Centering Equity in Corporate Purpose”, an in-depth guide addressing equity in all its forms, including but not limited to racial, gender, sexual identity, ability, socio-economic and religious equity. This practical guide helps business professionals to integrate equity into the company’s main activities, with the objective of contributing to the long-term success of the company and society through more equitable results for all. The guide shares five key practices for developing this strategy through equity, also providing a set of enabling conditions that organizations should adopt to realize their strategy and integrate equity into all aspects of their business.

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Enel, together with 80 other global leaders, has been interviewed for the guide to share the Group’s contribution to advancing equity with a strategy focused on decarbonization and electrification of energy in a fair, sustainable and inclusive way.

 

Enel’s contribution to advancing equity

In alignment with our commitments to the UN Sustainable Development Goals, Enel adopts the CSV model across our business with more than 2,400 sustainability projects developed by 2021. We also form part of numerous initiatives such as “Valuable 500”, which aims to unlock the enormous potential that can be generated through the inclusion of 1 billion people with disabilities around the world. Another initiative includes our Valuability® model through which we have created the Disability Inclusion Community, made up of nearly 100 collaborators who support the conceptual design and testing of inclusive products such as the Avanchair wheelchair or the e-bus in Brazil.

“We work with all our stakeholders to improve the environmental and social contexts in which we operate and to achieve lasting sustainable progress”, mentions Ernesto Ciorra, Chief Innovability® Officer in the Integrated Report 2021: “Towards stakeholder capitalism”.

Enel Open Innovability® follows the Group’s path to a circular model focused on environmental, social, and economic sustainability and believes that respect and promotion of the principles of non-discrimination, equal opportunity and inclusion are fundamental values in the development of our activities.