- The Companies took part in the launch of the new GRI Standards.
- CODENSA and EMGESA are committed to the UN Sustainable Development Goals.
CODENSA and EMGESA, Enel Group companies in Colombia, took part today in the launch of the new GRI Standards, updated by the Global Reporting Initiative (GRI), based on which sustainability reporting is carried out worldwide.
The purpose of updating these standards is to adapt to the progress made in the Paris Agreement and in the United Nations Sustainable Development Goals, among which the Enel Group has committed to specifically supporting four: Quality Education; Affordable and Clean Energy; Decent Work and Economic Growth; and Climate Action.
The Enel Group has been working hand-in-hand with the GRI for ten years to promote the integration of sustainability in the corporate strategies and to achieve the United Nations Sustainable Development Goals, as one of the first companies in the world to integrate these goals in its Strategic Plan.
As a result of Enel's constant management in reporting on its activities, since 2007, the Group has been a member of the Gold Community of the Global Reporting Initiative, a prestigious independent international organization pioneering in corporate sustainability reports for 20 years, bringing together 568 companies and entities around the world.
SUSTAINABLE MANAGEMENT IN COLOMBIA
CODENSA and EMGESA have contributed to the fulfillment of four of the Sustainable Development Goals through different initiatives that have a direct and specific impact on the communities of its areas of influence, thus promoting the improvement of their quality of life.
Quality Education
In terms of education, it is important to highlight programs such as Educando con energía, Conéctate con la educación, Buena energía para tu escuela, Formación para el trabajo and Semilleros de tecnología, among others, which have benefited nearly 19,000 people.
Affordable and Clean Energy
Regarding the goal of Affordable and Clean Energy, work is being done to bring the utility of electricity to more Colombians, along with information on its efficient use. The Companies are moving forward in the implementation of the Cundinamarca at 100% program, through which 8,500 customers in the department who had never had the utility will be provided with electricity.
Decent Work and Economic Growth
Among the advances in the Decent Work and Economic Growth goal, initiatives have been taken for the engagement of unskilled workers at different power plants, strengthening citizen overseeing and developing productive programs. Nearly 4,500 people have benefited from these initiatives.
Climate Action
Finally, in relation to Climate Action, the Companies are working on projects for the generation of energy through renewable sources, such as solar and wind power.
MANAGING AND COMMUNICATING
Management or sustainability reports are the mechanism through which companies disclose their social, environmental, labor and corporate governance impacts. The main change of the new standards with regard to the G4 Guide is its modular, interrelated structure, which provides the GRI with more flexibility when it comes to updating each of the aspects, and even adding extras. The new standard, disclosed today, will begin to apply in the information of 2017, i.e., it will be reflected in the reports prepared in 2018 regarding the previous fiscal year.
For 13 years, CODENSA and EMGESA have been preparing sustainability reports, informing their stakeholders of their management and performance in different areas, including digitalization, sustainable innovation, environmental protection and relations with the communities where they operate.
Since last year, as part of their sustainability strategy, CODENSA and EMGESA formalized their Creating Shared Value model through the CSV Policy, as a way to integrate sustainability and strive for competitiveness in the businesses and in the communities where they operate, based on principles of ethics, transparency, inclusion and safety, as well as respect for the environment and human rights.
“CODENSA and EMGESA will implement the new GRI management reporting standards to ensure comprehensiveness in information management. We will remain committed to the use and reporting of reliable and robust data in order to provide our internal and external stakeholders with better access to information for decision-making purposes,” said Lucio Rubio Díaz, General Director of Enel in Colombia.
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CODENSA and EMGESA are subsidiaries of the Italian Enel Group, one of the top companies in the world that generates, distributes and sells sustainable energy, with respect for people and the environment. Enel serves more than 60 million residential and commercial clients in 40 countries and creates value for 1.3 million investors.
Codensa S.A. E.S.P. is the market-leading company dedicated to distributing and selling electricity, with more than two million clients in Bogotá, 97 municipalities of Cundinamarca, eight municipalities of Boyacá and one municipality of Tolima. Founded in 1997, Codensa has an installed capacity of more than 8,303 MVA (megavolt amperes) along 43,754 kilometers of high, medium and low voltage networks. The company generates around 8,000 jobs both directly and indirectly in the country.
Emgesa S.A. is a company in the business of generating and selling electricity in Colombia, with around 800 clients on the non-regulated market and a total installed generation capacity of 3,058.8 MW, which is equivalent to satisfying the national demand for more than three years uninterrupted. Since 2013, it has played an active role as a natural gas vendor in negotiation processes with producers, resellers and clients from the non-regulated market.