Enel is committed to developing a business model in line with the Paris Agreement (COP 21) goals in order to limit the average global temperature increase to below 1.5 C° and to achieve zero emissions by 2040, even ahead of globally established commitments, promoting theMkey role of electricity as an energy carrier to drive the transition to a Net Zero global economy by 2050. In order to achieve zero emissions by 2040, Enel has defined a decarbonization roadmap that covers both direct and indirect emissions along the Group’s entire value chain and consists of four targets certified by the Science Based Targets initiative (SBTi), in line with limiting global warming to below 1.5 C°. 
Through its business strategy, the Group is committed to establishing the drivers and investments necessary to develop climate change mitigation and adaptation actions throughout its value chain. Specifically, with regard to generation, the Group is committed to promoting the development of electricity generation from renewable sources and completing the gradual phase-out of fossil fuels. With regard to electricity distribution, Enel is committed to digitalizing and improving the network to increase its resilience to climate phenomena. The Group plans to strengthen the role of distribution networks, which in the future will have to offer greater reliability due to the increased use of electricity and of green technologies, and will also leverage the power of digitalization so that it can offer inclusive and participatory platforms for all customers. The challenge will be to facilitate access to enabling technologies for electrification as well as new services with high digital content.

Enel aims at driving its customers towards a decarbonized electrification of use. First, by increasing the weight of electricity use from renewable sources, Enel customers will reduce their indirect emissions (Scope 2 customer emissions), and second, by developing a portfolio of products and services to accelerate the electrification of other sectors, such as transportation and construction, while fostering energy efficiency solutions, customers will also reduce their direct emissions (Scope 1 customer emissions). 
There is a particular focus on climate change adaptation strategy in order to increase the resilience of the assets along the entire value chain, thereby limiting potentially negative impacts and guaranteeing a safe and sustainable energy service in all the countries in which the Group operates. Adaptation solutions implemented by the Group may concern actions in the short-term, as well as longterm decision making such as the planning of investments in response to climate phenomena.
Rising temperatures, changes in precipitation patterns and extreme weather events also have a significant impact on the natural environment, by affecting the ecosystems resilience to climate change impacts and the ability to capture carbon and generate benefits for society. Therefore, Enel’s business model takes a synergic approach to tackling climate change and promoting the protection and conservation of nature, which are essential factors in its corporate strategy and everyday operations.
Aware of the social impact that its decarbonization strategy has, the Group has commited to a just energy transition, managing the environmental and social components in an integrated way to ensure that on one is left behind in the transition in a climate neutral economy. In fact, a well-managed transition may help addressing the socioeconomic impacts of a changing climate while fostering growth, generating net new jobs, and reducing inequality, thereby making a real contribution to achieving the UN 2030 Agenda.

Enel’s strong presence in the territory and its business enable a just transition roadmap based on ongoing dialogue with all the affected stakeholders, including Enel people, suppliers, financial and commercial partners, communities in the area of influence of operations, and customers, in order to raise their awareness and to provide a valuable contribution from an ecosystemic standpoint. To this end, Enel in 2019 signed the United Nations Pledge letter on business commitment to a just transition and green and decent jobs, committing to:collaborare con fornitori esistenti e nuovi che rispettano tali standard, aiutandoli a migliorare la loro resilienza in un’economia in transizione, sostenendo e agendo per la diversificazione della catena di fornitura di quelle tecnologie fondamentali per il raggiungimento del NetZero;

• promoting multi-stakeholder engagement and social dialogue with institutions, workers’ and their representatives, respecting workers’ rights, encouraging social protection (including pensions and health care), and providing wage guarantees, in line with the core and occupational health and safety standards of the International Labor Organization (ILO);
• working with existing and new suppliers that respect these standards, supporting them to increase their resilience in a transitioning economy, while advocating and acting for diversification of the supply chain of technologies critical to net zero achievement;
• contibuting to the social and economic development of local communities, particularly so in the case of those most exposed to the transition out from fossil fuels and into green technologies;
• supporting customers in their electrification journey while at the same time allowing for an affordable, secure and green access to energy.

Furthermore, the Group confirmed its commitment in line with the Paris Agreement, during the United Nations Framework Convention on Climate Change – COP 27. The Group signed, jointly with other 270 corporates and civil society leaders, a declaration reciting “We stand ready to deliver a just transition and an equitable and inclusive future for all. We want to work with governments in building an enduring legacy based on our collective efforts to secure 1.5 C°.
Therefore, the Group has defined concrete actions and plans also at country level, and consistently with the Group’s strategy. Such plans are based on the objectives of the Paris Agreement, the principles of the ILO's Just Transition Guidelines and the United Nations Pledge letter, as well as on the public commitment set out in the Group Human Rights Policy.
Enel is committed to carrying out its direct and indirect public advocacy actions in line with the Paris Agreement and with the target of limiting global warming to within 1.5 °C. The Group pursues such goal by engaging with institutional stakeholders, trade associations, non-governmental organizations and the academic world, promoting the Group’s perspective on public policies concerning climate change and leading the decarbonization and electrification process along a just transition pathway.
In addition, as a result of a solid corporate governance system that defines roles and responsibilities, Enel’s Board of Directors and Management oversee the main climate-related decisions.
In order to ensure increasing transparency in its communications and relations with its stakeholders, Enel is publicly committed to periodically reporting on its climate change activities and achievements in line with the most widely recognized international reporting standards of its stakeholders and consistent with the approach introduced by the recommendations of the Financial Stability Board’s Task Force on Climate-related
Financial Disclosures (TCFD)^(1).
It pays particular attention to the new Corporate Sustainability Reporting Directive (CSRD) and the European Sustainability Reporting Standards (ESRS), which are an essential part of the Directive and which include specific criteria on climate change reporting procedures. In addition to Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) (1) For details on the alignment of the structure of the chapter with the TCFD recommendations, please see the TCFD Content Index of the Sustainability Report 2023. standards, Enel’s reporting process also incorporates other voluntary standards, such as IFRS S2 “Climate-related Disclosures”, the first thematic standard of the ISSB which requires companies to disclose information regarding their exposure to climate-related risks and opportunities.
The Group also takes into account the reporting requirements of key ESG ratings and institutional investors.

⁽¹⁾For details on the alignment of the structure of the chapter with the TCFD recommendations, please see the TCFD Content Index of the Sustainability Report 2023.