Enel organizational model

The Enel Group structure is organized into a matrix that comprises: 

Global Business Lines entrusted with the task of managing and developing assets, optimizing their performance and return on investment, in the various geographical areas of the Group's presence.
In accordance with safety, security and environmental policies and regulations, they are tasked with maximizing the efficiency of managed processes and applying best practices worldwide by sharing responsibility for EBITDA, cash flow and revenues with countries.

The Group, also making use of a specific Investment Committee⁽¹⁰⁾, benefits from a centralized industrial view of projects in the various Lines of Business. Each individual project is evaluated not only on the basis of financial return, but also in relation to the best available technologies at the Group level.
In addition, each Line of Business contributes to driving Enel's leadership in the energy transition and the fight against climate change through the management of the relevant risks and opportunities for its perimeter.

• Enel Grids and Innovability: ensures the reliability and quality of electricity supply services through efficient, resilient and digital grids; promotes, harmonizes and coordinates innovation and sustainability processes, supporting operations in the Global Business Lines and Countries.
• Global Energy and Commodity Management and Chief Pricing Officer: optimizes the Group’s margin through the active management of its hedging strategy and exposure to commodity risk, taking account of all commercial/market factors in order to maximize the integrated margin in the markets in which we operate through the optimization of gas and fuel provisioning, and local dispatching of thermal and renewable generation, while supporting Enel X Global Retail in defining the commercial strategy.
• Enel Green Power and Thermal Generation: provides guidance for a rapid and effective energy transition, growing the portfolio of renewable generation facilities, and manages the corresponding evolution of thermal generation and storage assets with a view to decarbonizing our energy mix in order to meet the needs of customers in all the countries in which we operate.
  
• Enel X Global Retail: defines the commercial strategy and manages the customer product range for energy, products and services, including electric mobility, ensuring compliance with safety, protection and environmental regulations, maximizing value for the customer and operational efficiency, and supporting margin optimization with Global Energy and Commodity Management. 

The Region and Countries are responsible for managing relationships with institutional bodies and regulatory authorities, as well as handling distribution and electricity and gas sales, in their areas, while also providing staff and other service support to the business lines. They are also charged with promoting decarbonization and guiding the energy transition towards a lowcarbon business model within their areas of responsibility.

The following functions provide support to Enel’s business operations: 

The Global Service Function is responsible for managing information and communication technology activities, procurement at the Group level and managing global customer relationship activities.

The Global Service Function is also focused on the responsible adoption of measures that allow the achievement of sustainable development objectives, in the specific in managing the supply chain and developing digital solutions to support the development of enabling technologies for the energy transition and the fight against climate change. 

The Holding Company Staff Functions are responsible for managing governance processes at the Group level. More specifically, the Administration, Finance and Control Function is also responsible for consolidating scenario analysis and managing the strategic and financial planning process aimed among other things at promoting the decarbonization of the energy mix and the electrification of energy demand, key actions in the fight against climate change

⁽¹⁰⁾ The Group Investment Committee is made up of the heads of Administration, Finance and Control, Innovability, Legal, Corporate, Regulatory and Antitrust Affairs, Global Procurement, and the heads of the Geographical Areas and the Business Lines.