2021-2023 Sustainability Plan and Financial Performance
Long-term variable remuneration1
100% of the base amount is assigned in Enel shares²
Enel's TSR
= 110% of
Index's TSR
Over II (280%) 4
Enel's TSR
≥ 115% of
Index's TSR
enel
Type of target
Market
Macro
objective
Weight³
Performance
TSR5
50%
Objective
Target (130%)4
Enel's TSR
= 100% of
Index's TSR
Over (150%)
Profitability
ROACE6
25%
= 34.4%
= 34.9%
≥ 35.4%
Economic
Environmental
Renewable capacity
on total
10%
= 64.3%
= 64.4%
≥ 64.6%
ESG
GHG Scope 1
Environmental
10%
emissions reduction³
= 148
gCO2eq/KWheq
= 144
≤ 140
ESG
gCO2eq/KWheq
gCO2eq/KWheq
Gender
Gap
% of women in mgmt
succession plans⁹
5%
= 45%
= 47%
≥ 50%
ESG
1.
2.
Long-Term Incentive (LTI) Plan 2021. Performance period: January 1, 2021 - December 31, 2023
30% payment (if any) in the 4th year. 70% payment (if any) in the 5th year (deferred payment)
For the CEO/General Manager. 50% for the other beneficiaries of the LTI Plan 2021
5.
Average TSR Enel compared to average TSR EUROSTOXX Utilities Index-EMU,
calculated in the 3-year period 2021-2023
6.
Cumulative for the 3-year period 2021-2023
The number of Enel shares to be assigned is determined on the basis of the arithmetical mean of Enel's
daily VWAP in the three-months period preceding the beginning of the performance period
7.
Renewable sources net consolidated installed capacity/Total net consolidated
installed capacity at the end of 2023
187
3.
(%) Weight in the variable remuneration for the CEO/General Manager
8.
4.
100% at target and 180% at Over II for the other beneficiaries of the LTI Plan 2021
9.
GHG Scope 1 emissions per kWh equivalent produced by the Group in 2023
At the end of 2023View entire presentation