A call to action regarding the Italian companies ENI and ENEL

Date: 
Mar 21st 2014

Fondazione Culturale Responsabilità Etica (FCRE) will focus its 2014 engagement activities on environmental, governance and social issues with the following two Italian companies:

  • ENI (oil & gas,):8th May
  • ENEL (power): 22nd May

During their AGMs, Fondazione Culturale Responsabilità Etica will vote on the different proposals included in the Agenda and speak before the Board of Directors in order to focus the management's attention on the following issues:

ENI

- Renewal of the Board of Directors (candidates' profiles, equal opportunities, etc.)

- Remuneration report (annual variable incentives, incentives linked to ESG targets)

- Eni's presence in opaque jurisdictions

- Corruption allegations in Algeria, Kazakhstan, Nigeria and Iraq

- Oil leaks and gas flaring in Nigeria

- Alleged environmental violations in Kazakhstan

 

ENEL

- Renewal of the Board of Directors (candidates' profiles, equal opportunities, etc.)

- Remuneration report (annual variable incentives, incentives linked to ESG targets)

- Enel's presence in opaque jurisdictions

- Alleged environmental violations at Enel's oil plant in Rovigo (Italy)

- Environmental and social impacts of Enel's big dams projects in Latin America

 

Fcre is based in Italy and belongs to the Banca Etica system.

JOIN Fondazione Culturale Responsabilità EticaIN THIS WORK:

We are looking for foreign investors' support

- contact us

-  subscribe or integrate the list of questions on environmental, social and governance issues that we sent to the companies before the AGM.

If we can count on your support our message will be more effective and the pressure on the company higher!

In 2010, thanks to the Missionary Oblates', we invited the Chilean Bishop Luis Infanti, who spoke at Enel's AGM defending the rights of Patagonian people against the big dams projected by the company in the region.

 

In 2012 we have brought to Enel AGM the Guatemalan Bishop Ramazzini, who has defended the Ixil communities against Enel's dams.

Every year we involve in our shareholder engagement activities grassroots organisations and indigenous people, who then speak at Enel's and Eni's AGMs. 

 

If you are interested please contact Fcre: [email protected]

Issues: