Long-term Climate Strategy and Financial Performance slide image

Long-term Climate Strategy and Financial Performance

Long-term variable remuneration Changes vs 2021 remuneration policy1 enel 2021 LTI ROACE (weight 25%) % of women in mgmt. succession plans (weight 5%) Renewable capacity on total (weight 10%) > 2022 LTI Objective substituted with Cumulative ROIC - WACC, weight increased to 30% Objective focused on top management, weight increased to 10% Objective removed Underlying rationale Financial markets consider ROIC WACC a better measure of a company's ability to create value in the medium-long term Encourage fair representation of women in the bases that supply managerial succession plans, with particular reference to top positions Prevent the use of a performance indicator linked exclusively to volume growth without taking into adequate account the priorities represented by profitability and financial balance Share component for CEO: 100% of the base amount Share component for CEO increased to 130% of the base amount² Ensuring a further alignment with the interests of the shareholders in the long term and set the basis for the wished adoption of a policy ensuring an adequate share ownership by the CEO and Executives with strategic responsibilities 12 1. 2. Fixed remuneration and performance scale unchanged. TSR and GHG Scope 1 emissions reduction: objectives and weights unchanged From 50% to 65% for the other beneficiaries of the LTI Plan 2022 153
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