What are the material issues the company has identified?

In its 2021 Statement of Non-Financial Information and Sustainability ENDESA identified a range of material issues, such as good governance and ethical corporate conduct, decarbonisation of the energy mix, occupational health and safety, preservation of ecosystems and environmental management. Among these, creating economic value for its stakeholders stands out as a key material issue for ENDESA.

Stakeholder engagement in accordance with the GRI Standards              

The Global Reporting Initiative (GRI) defines the Principle of Stakeholder Inclusiveness when identifying material issues (or a company’s most important impacts) as follows:

“The reporting organization shall identify its stakeholders, and explain how it has responded to their reasonable expectations and interests.”

Stakeholders must be consulted in the process of identifying a company’s most important impacts and their reasonable expectations and interests must be taken into account. This is an important cornerstone for CSR / sustainability reporting done responsibly.

Key stakeholder groups ENDESA engages with: 

To identify and prioritise material topics ENDESA engaged with its stakeholders through the following channels:

Stakeholder Group	Method of engagement
Business community	·      Direct contacts ·      Meetings and working groups ·      Forums and conferences
Civil society and local communities	·      Direct contacts ·      Working groups ·      Forums and conferences ·      Website channel ·      Web and Twenergy ·      Social networks ·      Ethics channel ·      Sustainability mailbox
Customers	·      Sales offices ·      Sales managers ·      Website channel ·      Customer service centres ·      Forums and working groups ·      Mobile App ·      Social networks
Financial community	·      CNMV ·      Corporate website ·      Investor relations department, roadshows, quarterly results, presentations and strategic plan ·      Shareholders’ office ·      General shareholders’ meeting ·      Communications with proxy advisors
Institutions	·      Direct contacts ·      Forums and conferences ·      Working groups
The media	·      Direct contacts ·      Press conferences ·      Forums and conferences ·      Social networks
ENDESA’s people	·      Intranet and internal social network ·      Forums and working groups ·      Knowledge interviews ·      Breakfasts with the CEO ·      Contact mailboxes ·      Corporate magazine and newsletters
Suppliers and contractors	·      Direct contacts ·      Web ·      Committees ·      Forums and conferences ·      Working groups

What actions were taken by ENDESA to create economic value for its stakeholders?

In its 2021 Statement of Non-Financial Information and Sustainability ENDESA reports that it took the following actions for creating economic value for its stakeholders:

• Creating economic value for employees
• In 2021, ENDESA paid €916 million in personnel expenses.

• Creating economic value for shareholders
• In 2021, ENDESA paid €1,522 million in dividends.

• Creating economic value for the state
• In 2021, ENDESA paid €1,147 million in taxes and levies.

• Creating economic value for society
• In 2021, ENDESA invested €14million in social projects.

Which GRI Standards and corresponding Sustainable Development Goals (SDGs) have been addressed?

The GRI Standard addressed in this case is: Disclosure 201-1 Direct economic value generated and distributed

Disclosure 201-1 Direct economic value generated and distributed corresponds to:

• Sustainable Development Goal (SDG) 8: Decent Work and Economic Growth
• Targets: 8.1, 8.2
• Sustainable Development Goal (SDG) 9: Industry, Innovation and Infrastructure
• Targets: 9.1, 9.4, 9.5

 

78% of the world’s 250 largest companies report in accordance with the GRI Standards

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References:

This case study is based on published information by ENDESA, located at the link below. For the sake of readability, we did not use brackets or ellipses. However, we made sure that the extra or missing words did not change the report’s meaning. If you would like to quote these written sources from the original please revert to the following link:

https://www.endesa.com/content/dam/enel-es/endesa-en/home/investors/financialinformation/financialresults/documents/2021/fy/statement-of-non-financial-information-and-sustainability-2021.pdf

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