Free Market Performance and Investment Plans
Long-term variable remuneration1
100% of the base amount is assigned in Enel shares²
Macro objective
Objective
Weight³
Target
(130%)4
Performance
TSR5
50%
Enel's TSR
= 100% of
Index's TSR
Profitability
ROACE6
enel
Over I
(150%)
Enel's TSR
= 110% of
Index's TSR
Over II
(280%)4
Enel's TSR
≥ 115% of
Index's TSR
Type of target
Market
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%
2.
1. 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.
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
(%) Weight in the variable remuneration for the CEO/General Manager
3.
4.
100% at Target and 180% at Over II for the other beneficiaries of the LTI Plan 2021
= 45%
= 47%
≥ 50%
ESG
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
7.
Renewable sources net consolidated installed capacity/Total net consolidated
installed capacity at the end of 2023
152
8.
9.
GHG Scope 1 emissions per kWh equivalent produced by the Group in 2023
At the end of 2023View entire presentation