Enel Group

This submission reflects this organization's contribution to the climate effort, representative of their current actions and commitments as well as the ways in which they intend to step up and collaborate with others.

Enel Group's Climate Action Contribution

About Enel Group's Climate Efforts

The Enel Group strategy is based on a long-term vision that translates into concrete objectives that involve all business activities:

Decarbonization of the energy mix
- Enel is committed to developing the renewable potential in all the countries in which it operates, evaluating development opportunities in new countries with the aim of installing 7.8 GW of additional renewable capacity and reducing thermal capacity by 7.3 GW by 2020. This is in addition to the target of reducing CO2 emissions by 25% (2020 vs 2007);

Development of new products and services for consumer energy efficiency
- New active demand management systems that increase the efficiency of service to consumers by developing innovative services and cutting-edge energy technologies;

Promotion of electricity in the transport and housing construction sectors
- Measures to increase the penetration of electricity (for example, electric mobility and heat pumps) reduce dependence on fossil fuels, while relying on new digital solutions and the potential of an intelligent infrastructure to increase the efficiency of the system. Enel is also committed to digitizing resources and processes and increasing
connectivity, with a total investment of over 5 billion euro over the next three years.

Climate Action Commitments

Current Climate Actions Enel Group Is Taking:


Commit to Joining the Science Based Targets Initiative (SBTi)

Join some of the world’s leading businesses that are setting ambitious, ‘science-based’ emissions reductions targets that ensure their GHG reduction targets meet the level of ambition needed to limit the increase in global average temperature to well below 2°C.

Click learn more for additional information including the criteria for having a target approved by the initiative

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Commit to Implement the Recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD)

Climate change poses serious risks to the global economy, yet investors and financial markets lack clear and comparable information about which companies or assets are most exposed and which are best prepared. Companies making this commitment agree to implement the recommendations of the TCFD for reporting climate-related financial information in mainstream reports (annual financial filings) as fully as practicable over the next three years.

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Put a Price on Carbon

Join a growing group of forward-looking companies that are using an internal carbon price to help manage climate risk and align themselves with the low-carbon transition.

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Join the Low Carbon Technology Partnerships Initiative

Join the LCTPi, a collaborative platform for businesses and policymakers to scale up deployment of business solutions to accelerate the transition to a low-carbon economy.

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Climate Action Plan

Organization details

Enel Group is at the forefront of the energy transition and business sustainability thanks to a strategy whose priorities are the development of renewable energy, digitalization and the fight against climate change. Enel aims to achieve the complete decarbonization of electricity production by 2050, in line with the science-based targets and as a way of contributing to the achievement of United Nations SDG 13.

In North America, Enel Group Renewable Energies division, Enel Green Power (EGP), operates more than 100 renewable energy power plants for a total managed capacity of more than 4.2 Gigawatts (GW) across four different renewable energy technologies. EGP is committed to continued investment and growth in North America, as evidenced by a more than four-fold increase in managed capacity over the past five years. In May 2017, the Enel Group established a new business unit to provide value-added services for energy users worldwide. This business unit was branded Enel X in November 2017 following the acquisition of three North American businesses: Demand Energy Networks, EnerNOC, and eMotorWerks.
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