Endesa (NYSE:ELE)
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ENDESA (NYSE:ELE):
-- The company was ranked first among electricity companies in
the world and in Europe by the Dow Jones Sustainability World
and Dow Jones Sustainability Stoxx indices, respectively, for
its sustainable performance.
-- This is the sixth consecutive year ENDESA has been included in
these indices, considered the global benchmarks in
sustainability development.
-- ENDESA's highest marks this year include came in codes of
conduct, customer relations, environmental policy, climate
change strategy, workplace health and safety, and social
initiatives.
ENDESA (NYSE:ELE) has been rated the leading electric utility in
Europe and the world for its commitment to the environment, according
to the figures published today by the prestigious Dow Jones
Sustainability World and Dow Jones Sustainability Stoxx indices,
respectively.
These indices, regarded as global benchmarks for sustainability
issues, select the leading companies in different industries that
stand out for their commitment to making sustainable development one
of the cornerstones of their business strategy. Specifically, the Dow
Jones Sustainability World Index includes just 10% of the 2,500
companies that make up the Dow Jones Global Stock Index and nine of
its 74 electric utilities.
ENDESA has been selected by these indices every year since 2001
for its sustainable behaviour.
The Dow Jones Sustainability World Index assesses the selected
companies by taking into account 22 factors that reflect their
economic, environmental and social dimension.
In the report published today ENDESA is the leading global
electric utility, achieving ratings of more than 90% in seven of the
factors analysed and exceeding the sector average in all.
The areas in which ENDESA has achieved its highest ratings include
codes of conduct, customer relations, environmental policy, climate
change strategy, workplace health and safety, and social initiatives.
Highlights
The following are some of the most significant initiatives
reported by the Company in 2005 in relation to each of the factors
that have been highly rated by the index:
-- In the area of codes of conduct, the introduction of the
ethics channel on the corporate website and the webs of each
of its subsidiaries, which also joined the United Nations
Global Compact. This promotes the adoption of 10 basic
universal principles in the areas of human rights, labour
regulations, the environment and ethical corporate behaviour.
-- In customer relations, the 23% improvement in service quality
in Spain and 8% improvement in its Latin American markets, the
development of energy efficiency campaigns, and supply
activities, making ENDESA the first Spanish electric utility
to attain more than one million customers in the deregulated
market.
-- In relation to its environment policy, 87% of the electricity
produced by the Company in Spain in 2005, 100% in Italy and
91% in Latin America was certified under the ISO 14001
standard. ENDESA also drew up its Biodiversity Conservation
Programme and made Euro 1.57 million in environmental
investments.
-- One of the most significant advances made by the Company in
the latest Dow Jones rating was the 22% improvement in its
climate change strategy compared with 2004. This is the second
most important factor in these indices' rating. It should be
pointed out that ENDESA presently boasts a broad portfolio of
carbon credits derived from its Clean Development Mechanisms
(CDM) at an average price of less than Euro 7.5/tonne. This
portfolio consists of 71.5 million tonnes of CO2 covered by
firm contracts (ERPA), 24.8 million tonnes of additional
volume in projects covered by letters of intent (LOI) and
projects under study amounting to 82.4 million tonnes of CO2.
-- In workplace health and safety ENDESA achieved a 100% score in
the Dow Jones rating. Among the highlights in this area in
2005 were the 14.2% overall reduction in its accident rate and
the launch in Spain and Portugal of the Strategic Plan for the
Prevention of Occupational Hazards (Praevenio Plan), which
includes initiatives aimed at minimising accidents in general
and accident-related absences through seven action programmes.
-- Finally, ENDESA invested a total of Euro 25.4 million in 2005
in the social and economic development of the communities in
which it operates. This money has been invested in initiatives
aimed at meeting basic needs, education, culture and the
social implications of the environment.
* This document may contain certain forward-looking statements
regarding anticipated financial and operating results and statistics
that are subject to risks and uncertainties as well as to material
risks, changes and other factors which may be difficult to predict,
including, without limitation, those factors described in the
Documento de Registro de Acciones of Endesa filed within the Comision
Nacional del Mercado de Valores and in the Form 20-F of Endesa filed
within the Securities and Exchange Commission, both for the fiscal
year ended December 31, 2005. For all of these forward-looking
statements, we claim the protection of the safe harbour for
forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995.