In 2022 Enel celebrated its first 60 years: we were created to bring energy to the territories and communities, the same mission we have today but expanded by innovation, sustainability, and a reliable business model. As a result of the challenge of tackling climate change and the increasing digitalization of the traditional business models of companies in the energy sector, our mission has evolved in order to embrace new ways for making energy accessible thus empowering sustainable progress.
The current relevance of the climate change challenge, the repeated occurrence of extreme events, a high rate of loss of biodiversity and ecosystemic services need to be carefully addressed both in terms of preventing them to happen and of adapting to a changing climate.
The pandemic and the geopolitical conflicts have worsened the situation and unveiled how much individual countries and regions are intrinsically and structurally weak while making clear that energy independence and achievement of climate objectives require an acceleration of energy policies and a new design of the electricity market to promote the energy transition. By doing so, in the long-term, access to energy will happen at affordable and stable prices, will be secure since it will not be impacted by geopolitical conflicts, and will be sustainable, with no adverse effects on climate and ecosystems. These are key years to achieve the UN 2030 agenda, the Paris Agreement climate objectives and the Kunming-Montreal agreement to stop and invert the trend of biodiversity loss. These objectives can only be reached by giving a push to decarbonization and clean electrification of end-uses, sustained by business models based on circular economy and open to continuous innovation.
Our contribution to an affordable, secure and sustainable energy system leads us, therefore, first of all to accelerate the decarbonization of our energy generation, as a result of renewables development, utilization of storage and phase-out of thermal generation. In parallel, we will strengthen our distributions grids whose role is to enable the undergoing energy transition, also thanks to digital solutions that accomodate larger volumes of renewable energy, so as to make them more resilient, sustainable and open to all stakeholders in electrification. Finally, we are developing effective and easy-to-use products and services for our customers since the change involves all of us, individually and collectively: people and communities, companies, industries and institutions.