In today’s interconnected world, in which we all strive towards sustainability, businesses will prosper over the long term only by acting collectively and if they are able to create and properly share value with all stakeholders.
At Enel, we are committed to introducing new business models and promoting tangible frameworks that facilitate this path forward, and the ENEL STAKECAP®© model was conceived in this context. It represents a new way of reading a company’s performance, in a unique and systemic way, to understand its ability to generate sustainable value and well-being through its operating activities, keeping in mind the interests of all stakeholders.
We have been inspired by the Stakeholder Capitalism principles, championed by the World Economic Forum, to support further progress on our financial model and value creation concept, to strengthen the link between sustainability and financial results as a way to create holistic value. Companies are not non-profit organizations and therefore they are expected to keep generating financial results, but this can be done in a better, more evolved way by taking different stakeholders’ values and perspectives into the equation and its outcomes.
In the proposed model, stakeholders are divided into three different groups: direct beneficiaries, indirect beneficiaries and the planet, which is considered a stakeholder because it defines the limits within which companies can operate for the benefit of all other stakeholders.