When the Secretary-General of the United Nations, António Guterres, appealed to business leaders, Francesco Starace immediately answered the call. The Enel CEO has joined the Global Investors for Sustainable Development (GISD) Alliance. This is a project promoted by the UN which aims, through the involvement of 30 corporate leaders around the world, to promote investment in sustainable development and to accelerate progress towards achieving the UN’s 17 Sustainable Development Goals (SDGs). Not only is Enel the only global utility in the Alliance, it is also the only Italian company.
We are working towards further strengthening the cooperation with other global companies and unlocking funds for achieving the SDGs, since sustainability is a driving force for creating long-term value
Francesco Starace, Enel CEO
Indeed, the efforts of the Group headed by Francesco Starace in dealing with the challenge of SDG funding have been recognised worldwide. Enel is firmly committed to green energy and Starace believes in “further strengthening the cooperation with other global companies and unlocking funds for reaching the SDGs, since sustainability is a driving force for creating long-term value.” He also sees the Group’s inclusion in the GISD Alliance as being important for sustainable development. In recent years, the implementation of a sustainable business model has helped increase the Group’s profits. Starace sees the experience as being extremely positive: “Looking to the future, the GISD Alliance will provide the tools for increasing the private sector’s commitment towards sustainable business models. Sustainable funding will lead to social, economic and environmental improvements around the world.”
And, with this in mind, Enel recently launched the world’s first SDG-linked bond programme. It did so in Europe. It is based on a new approach to financial markets, coupling business performance in the field of sustainability with the issuance of securities. Furthermore, in September Starace attended the United Nations Climate Action Summit in New York. Enel was one of the first companies to commit to reducing its direct greenhouse gas emissions per kWh by 70% by 2030 (the base year being 2017). This was in response to UN’s “Business Ambition for 1.5°C” campaign. Not only that, Enel was recently declared, for the ninth year in a row, a LEAD company by the United Nations Global Compact. This initiative was also created to promote the achievement of the sustainable development goals.
Enel editorial staff