The fight against climate change is the main challenge of our century and for Enel, as a global player in the energy market, it is one of the pillars of its short and long term strategy. The fundamental elements are continuous collaboration with stakeholders and a clear and solid decarbonization  roadmap certified by the Science Based Targets initiative (SBTi) and aligned with the objectives of the Paris Agreement (COP 21) to limit the average global temperature increase to below 1.5 °C.

Specific strategic actions have been defined to support this roadmap, which include phase out of coalfired generation by 2027, subject to approval by the relevant authorities⁽¹⁾, which will enable the achievement of 100% renewable generation by 2040. The Group also intends to exit gas sales to end customers by 2040, promote enduse electrification and ensure that 100% of electricity sold is derived from renewable sources by 2040.

In an increasingly complex context, regulated businesses are fundamental to the Group’s strategy to improve service quality and resilience, as well increase the focus on networks and therefore benefit from favorable regulatory frameworks. Investment choices in renewables will be more selective, aiming for a positioning that maximizes returns and mitigates risks. Finally, the Group plans to optimize its customer portfolio and end to end processes, increasing efficiency in the process of acquiring and managing customers and improving customer retention through integrated offers. The Group confirms that it intends to focus its investments on six core countries and especially where it can leverage an integrated position, specifically Italy, Spain, Brazil, Chile, Colombia and the United States. 

A strategy that promotes the achievement of the UN Sustainable Development Goals and in particular SDGs 7 (“Affordable and clean energy”), 9 (“Industry, innovation and infrastructure”), 11 (“Sustainable cities and communities”), and SDG 13 (“Climate action”) (see table on next page).

Enel integrates sustainability into the business in order to create synergies between the Company’s needs and those of the areas where it operates, throughout the value chain, by adopting models, in both generation and distribution, that increase and foster collaboration with comminities,  communities, generating efficiencies and positive impacts in social, economic and environmental terms, particularly by promoting and applying an innovative and circular approach.

In particular, circular economy focuses on reducing the consumption of non renewable resources, maximizing the value of those already used and of the goods produced, integrating sustainability from asset design to end-of-life, particularly through innovative solutions and material recycling and reuse practices, thus allowing the pressure on the demand for critical raw materials and technologies to be reduced.

Innovation initiatives continue with a view to finding advanced solutions that support the business, focusing on resilience and operational excellence. 
In every activity, the Group is committed to protecting the health and safety of people, including through new technologies for accident prevention, worker empowerment and strengthening the culture of safety.

^{(1As far as the conversion of coal-fired plants is concerned, the Group will evaluate the best available technologies, based on the needs indicated by the  distribuation network operators.}