Sustainable Value Creation and Industrial Growth
Corporate governance
Long-term variable remuneration1
Objective
TSR2
ROACE4
CO2 emissions
reduction
Entry (50%)
Target (100%)
Over I (150%)
Over II (280%) 5
Enel's TSR
Enel's TSR
from 90% to
from 100%
50%3
100% of
TSR Index
to 110% of
TSR Index
Enel's TSR
from 110%
to 115% of
TSR Index
Enel's TSR
> 115% of
TSR Index
enel
Type of target
Macro objective
Market
Performance
36.4%
37.5%
38.0%
>38.6%
Financial
Profitability
40%3
10%³
≤ 380
gCO2/KWheq6
≤ 350
gCO2/KWheq6
≤ 340
gCO2/KWheq6
≤ 330
gCO2/KWheq6
ESG
Environmental
1.
2.
Long-Term Incentive Plan (LTI) 2018-2020. 30% payment (if any) in the 4th year. 70% payment (if any) in the 5th year (deferred payment)
Average TSR Enel compared to average TSR EUROSTOXX Utilities Index-EMU. In case of negative absolute TSR of Enel, the incentive (if any) is reduced - on the basis of
a regressive scale of the same negative percentage of the absolute TSR of Enel share, multiplied for a constant value equal to 1.5
3.
(%) Weight in the variable remuneration
4.
Cumulative for the period 2018-2020
5.
For the CEO/General manager. 180% for the other beneficiaries of the LTI Plan 2018-2020
6.
In 2020
129View entire presentation