The inclusion of Enel in CDP’s ‘A List’ for climate change is “in recognition of the Group’s active commitment to addressing climate change. Enel does so by promoting the decarbonisation of energy generation systems, while contributing to cut emissions in other sectors through the electrification of energy demand,” said Enel CEO Francesco Starace, commenting on yet another sustainability success story for Enel.
The strategic choice to switch to a sustainable, integrated business model enabled Enel to position itself as a leader in the transition towards a zero emission economy
Francesco Starace, Enel CEO
The global non-profit CDP (which stands for the Carbon Disclosure Project) provides companies, countries, regions and cities with a platform to monitor business performance in the fight against climate change. Based on CDP’s 2019 climate reporting, Enel has been included in the ‘A List’ on account of its transparency with regards to climate-related issues at both Board and Management levels. The Group led by Francesco Starace was also recognised for its measures to mitigate climate risks and to promote decarbonisation, by boosting renewables and phasing out thermal capacity.
“The strategic choice we made in 2015 to switch to a sustainable, integrated business model enabled Enel to position itself as a leader in the transition towards a zero emission economy, in order to be best prepared for the challenges of climate change,” said CEO Francesco Starace. He also pointed out Enel’s commitment to addressing climate change by setting a 2030 target to reduce direct GHG (greenhouse gas) emissions per kWh by 70%, with respect to 2017. In order to achieve this goal, the Group is expected to develop 14.1 GW of new renewable capacity by 2022, as well as to reduce coal production by 74%, with respect to 2018. Furthermore, Enel is actively committed to the United Nations 17 Sustainable Development Goals (SDGs) with around 95% of its overall investments directly targeting SDGs, and is set to invest more than 50% (€14.4 billion) of its total capital expenditure in decarbonisation. In this way, the Group aims to fully decarbonise its technology mix by 2050.
Enel editorial staff