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European Climate Pact

Overview

Location

Italy

Sector

Electric utilities

Organisation type
Business

Company Information

Enel is a multinational manufacturer and distributor of energy headquartered in Rome, Italy. In 2021, it reported a total of 66,279 employees and 88 billion Euro.*

*Source

Our progress towards decarbonization

 

GHG Emissions

North Star

  • ENEL SpA has a target to reduce absolute scope 3 CO2e emissions 16% by 2030 from a base year of 2017
  • ENEL SpA has a target to reduce intensity of scope 1 CO2e emissions 80% per megawatt hour (MWh) by 2030 from a base year of 2017

Pledge: Have an officially validated short-medium term science-based GHG emissions reduction targets aligned with a 1.5°C scenario (scope 1+2) in line with the SBTi Criteria and Recommendations

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Join the Business Ambition for 1.5°C and publicly commit to have a long-term science-based target to reach net-zero value chain GHGs emissions by no later than 2050 in line with the SBTi Net-Zero Standard
  • ENEL SpA has a target to reduce absolute scope 1 CO2e emissions 100% by 2040 from a base year of 2017. ENEL SpA has a target to reduce intensity of scope 1 CO2e emissions 80% per megawatt hour (MWh) by 2030 from a base year of 2017
  • Have an internal price on carbon 
  • Have an initiative in place to drive GHG emissions reduction through low-carbon energy generation
  • Have scope 1+2+3 GHG emissions verified through a third party verification or assurance process 

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Climate Change 2022

 

Energy

Our actions – the Pathway

  • ENEL SpA has a target to reduce fossil fuels in their fuel mix to 0.0 GW Net installed coal capacity by 2027 from a base year of 6.88 GW Net installed coal capacity in 2021

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Climate Change 2022

 

Water

Our actions – the Pathway

  • Publicly disclose data on water-related impact to investors through a public platform
  • Regularly monitor and measure key water security metrics at least for 75% of the company's facilities

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Water 2022

 

Governance & Strategy

North Star

  • ENEL SpA have a publicly available 1.5°C aligned low-carbon transition plan

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Water 2022

How we want to achieve this – our roadmap

  • Publicly disclose climate and environmental data to investors and customers through a public platform
  • Have board-level oversight of climate-related issues
  • Have a process for identifying, assessing, and responding to climate-related risks and opportunities
  • Have an employee engagement strategy to support and contribute to achieving the company's climate and environmental goals

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Water 2022

 

Value chain engagement

Our actions – the Pathway

  • Have a supplier/customer engagement strategy to drive best practices in tackling environmental and climate-related issues

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Water 2022