ENDESA Rated the World's Top Electric Utility by the Dow Jones Sustainability World Index
08 September 2006 - 2:44AM
Business Wire
ENDESA (NYSE:ELE): -- The company was ranked first among
electricity companies in the world and in Europe by the Dow Jones
Sustainability World and Dow Jones Sustainability Stoxx indices,
respectively, for its sustainable performance. -- This is the sixth
consecutive year ENDESA has been included in these indices,
considered the global benchmarks in sustainability development. --
ENDESA's highest marks this year include came in codes of conduct,
customer relations, environmental policy, climate change strategy,
workplace health and safety, and social initiatives. ENDESA
(NYSE:ELE) has been rated the leading electric utility in Europe
and the world for its commitment to the environment, according to
the figures published today by the prestigious Dow Jones
Sustainability World and Dow Jones Sustainability Stoxx indices,
respectively. These indices, regarded as global benchmarks for
sustainability issues, select the leading companies in different
industries that stand out for their commitment to making
sustainable development one of the cornerstones of their business
strategy. Specifically, the Dow Jones Sustainability World Index
includes just 10% of the 2,500 companies that make up the Dow Jones
Global Stock Index and nine of its 74 electric utilities. ENDESA
has been selected by these indices every year since 2001 for its
sustainable behaviour. The Dow Jones Sustainability World Index
assesses the selected companies by taking into account 22 factors
that reflect their economic, environmental and social dimension. In
the report published today ENDESA is the leading global electric
utility, achieving ratings of more than 90% in seven of the factors
analysed and exceeding the sector average in all. The areas in
which ENDESA has achieved its highest ratings include codes of
conduct, customer relations, environmental policy, climate change
strategy, workplace health and safety, and social initiatives.
Highlights The following are some of the most significant
initiatives reported by the Company in 2005 in relation to each of
the factors that have been highly rated by the index: -- In the
area of codes of conduct, the introduction of the ethics channel on
the corporate website and the webs of each of its subsidiaries,
which also joined the United Nations Global Compact. This promotes
the adoption of 10 basic universal principles in the areas of human
rights, labour regulations, the environment and ethical corporate
behaviour. -- In customer relations, the 23% improvement in service
quality in Spain and 8% improvement in its Latin American markets,
the development of energy efficiency campaigns, and supply
activities, making ENDESA the first Spanish electric utility to
attain more than one million customers in the deregulated market.
-- In relation to its environment policy, 87% of the electricity
produced by the Company in Spain in 2005, 100% in Italy and 91% in
Latin America was certified under the ISO 14001 standard. ENDESA
also drew up its Biodiversity Conservation Programme and made Euro
1.57 million in environmental investments. -- One of the most
significant advances made by the Company in the latest Dow Jones
rating was the 22% improvement in its climate change strategy
compared with 2004. This is the second most important factor in
these indices' rating. It should be pointed out that ENDESA
presently boasts a broad portfolio of carbon credits derived from
its Clean Development Mechanisms (CDM) at an average price of less
than Euro 7.5/tonne. This portfolio consists of 71.5 million tonnes
of CO2 covered by firm contracts (ERPA), 24.8 million tonnes of
additional volume in projects covered by letters of intent (LOI)
and projects under study amounting to 82.4 million tonnes of CO2.
-- In workplace health and safety ENDESA achieved a 100% score in
the Dow Jones rating. Among the highlights in this area in 2005
were the 14.2% overall reduction in its accident rate and the
launch in Spain and Portugal of the Strategic Plan for the
Prevention of Occupational Hazards (Praevenio Plan), which includes
initiatives aimed at minimising accidents in general and
accident-related absences through seven action programmes. --
Finally, ENDESA invested a total of Euro 25.4 million in 2005 in
the social and economic development of the communities in which it
operates. This money has been invested in initiatives aimed at
meeting basic needs, education, culture and the social implications
of the environment. * This document may contain certain
forward-looking statements regarding anticipated financial and
operating results and statistics that are subject to risks and
uncertainties as well as to material risks, changes and other
factors which may be difficult to predict, including, without
limitation, those factors described in the Documento de Registro de
Acciones of Endesa filed within the Comision Nacional del Mercado
de Valores and in the Form 20-F of Endesa filed within the
Securities and Exchange Commission, both for the fiscal year ended
December 31, 2005. For all of these forward-looking statements, we
claim the protection of the safe harbour for forward-looking
statements contained in the Private Securities Litigation Reform
Act of 1995.
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