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Francesco Starace: Enel in “Change the World”

Delighted to once again be included in Fortune magazine’s “Change the World” list
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We are delighted to once again be included in Fortune magazine’s “Change the World” list, thanks to our sound reputation in the field of innovation and sustainability.” This was how Francesco Starace, CEO of Enel, greeted the news of the Group’s award for significant environmental and social contributions. The company is in fact the only energy provider (and Italian entry) in the ranking compiled by US magazine Fortune, which focuses on the fifty companies worldwide which have most contributed to conservation of the planet. Three criteria were taken into consideration: measurable social impact, economic results, and the level of innovation.

We are delighted to once again be included in Fortune magazine’s “Change the World” list, thanks to our sound reputation in the field of innovation and sustainability

Francesco Starace, Enel CEO

Enel’s entry at number 20 in the ranking marks a recognition of the company’s efforts to reduce its global carbon footprint, and the delineation of various tangible targets such as the decarbonization of energy mix by 2050. These objectives strongly influence the Group’s business decisions, as CEO Francesco Starace explains: “By steering our business strategy towards the development of renewable energy forms, digitalization, and the fight against global warming, we are on the frontline of the renewable energy transition and sustainable business.” This is also confirmed by increased investments in the renewable energy sector, the development of even more research programs in the field of low carbon new technologies, and a gradual reduction in the number of thermal power stations.

Fortune also mentions the partnerships that have been established over the last two years for 80 innovative start-up projects, and which are specialized in key sectors such as e-mobility and Vehicle-to-Grid (V2G), and the Cerro Pabellón plant in Chile, the first geothermal power plant in South America and just the latest example of Enel’s attention to socio-environmental issues in the countries where it operates. As Francesco Starace points out: “Our success revolves not only around economic profit but also the capacity to produce new solutions and long-term positive impacts on economic and social growth, creating shared tangible value for all our stakeholders.”

In short, an “Open Power” strategy designed to make energy available to more people through the use of new technologies, introducing new methods of energy consumption management, different uses of energy, and more partnerships in a growing network. These principles form part of the UN’s 17 Sustainable Development Goals, whose results can be seen in various projects (the supply of solar panels to the Entebbe Hospital founded by Emergency, or the Crowd4Africa campaign, to name but two), and the establishment of partnerships such as that with Barefoot College in South America.

 

Enel editorial staff