Starace: Enel at the Climate Action Summit

Published on Friday, 27 September 2019

“Global events like the UN Climate Summit are fundamental in helping governments to work together in order face the hardest challenge of our times”

– Francesco Starace, Enel CEO

In the words of Starace “Climate change can already be tackled today. We have the technologies and the solutions, while there is a growing attention on the part of the financial community to push in this direction.” He also pointed out that willingness and clarity of mind are necessary to boost the transition towards a new, sustainable and decarbonised economy: “Global events like the UN Climate Summit are fundamental in helping governments to work together in order face the hardest challenge of our times.”

 

Starace hopes that companies will make “tough but necessary choices, in order to connect sustainability and value creation.” This is the direction that the Group has followed in recent years: “Enel’s strategy integrates the achievement of the SDGs within its business model, and this has fostered the growth of the company, in addition to reducing its risk profile.” Nowadays, Enel is the biggest private operator in the world in the field of renewables and networks, as well as the biggest European electricity company in terms of assets. While highlighting this point, the CEO recalled that the Group’s commitment to SDGs has placed it “at the forefront of financial innovation, thanks to the recent launch of the first SDG-linked bond issue programme in history.” Moreover, “Sustainability and decarbonisation will keep feeding our growth towards the ambitious target of reducing direct greenhouse gas emissions by 70% by 2030, and achieving full decarbonisation by 2050.”

 

Francesco Starace spoke at several events in New York over the course of Climate Week: the United Nations Private Sector Forum on Climate Change (23 September), the United Nations Global Compact Board Meeting and the 17th #EnelFocusOn (24 September), the 3rd Bloomberg Global Business Forum (25 September) and the Global Compact CEO round table on "Bridging the financial gap – Mobilising strategies and company investments for SDGs" (26 September).

 

 

Enel editorial staff