Enel Generación Chile's material topics

• Occupational health and safety: for Enel Generación Chile and its stakeholders, the occupational health and safety of employees, contractors, and stakeholders in general is a priority for the performance and continuity of service, which became more relevant than ever during the pandemic. For this reason, Enel Generación Chile embraces best practices on governance, strategy, and procedures to detect and prevent situations that could jeopardize the safety and health of internal and external workers.
• Decarbonization of the energy mix: Climate change is currently the most important challenge for humanity. In this context, Enel Generación Chile and the Ministry of Energy have committed to decarbonizing Chile’s energy mix to reduce the emission of greenhouse gases. Through this agreement, Enel Generación Chile has committed to progressively shut down its coal-fired power plants, originally planned for 2040. In line with its business plan and vision for the future, in May 2020 the Company announced the shutdown of Bocamina I thermal power plant by December 31, 2020, and the closure of Bocamina II thermal power plant by May 31, 2022, advancing the end of its coal-fired operations by 18 years. Based on the principles of the Just Transition approach, the closure of coal-fired power plants considers the socioeconomic impacts of such action and their mitigation.
• Engaging local communities: The Company weaves its operations into the social, economic, and environmental fabric of the territories where it operates, creating value and sustainable development for its stakeholders. This is achieved by creating spaces for inclusive, transparent, and participatory activities to co-design sustainable solutions to the demands and needs of the communities with an understanding of the local context.