We have been engaging with the company on workforce health and safety since we took a holding in 2020. These discussions have led us to acknowledging Covid-related pressures and the ongoing challenge of progressing towards its zero-fatalities target. Deaths in 2024 represented the highest of the past decade, increasing the urgency of understanding and assessing remedial actions.
In parallel, we have assessed how climate change may require companies to reshape health and safety practices. This prompted an exploratory discussion on how Enel is adapting safeguards in a more unpredictable, climate-impacted operating environment, while ensuring workforce resilience. In December 2024, a ruling by the US Court of International Trade found that Enel's wind project had infringed the Osage Nation's mineral rights and ordered the company to remove the existing installations, potentially at a significant cost to the firm. While the company has appealed and the outcome is pending, the event raised questions about the effectiveness of Enel's community engagement and human-rights processes, and the potential for avoidable operational risk.
In December 2024, a ruling by the US Court of International Trade found that Enel's wind project had infringed the Osage Nation's mineral rights and ordered the company to remove the existing installations, potentially at a significant cost to the firm. While the company has appealed and the outcome is pending, the event raised questions about the effectiveness of Enel's community engagement and human-rights processes, and the potential for avoidable operational risk.