WEBVTT
kind: captions
lang: en

1
00:00:00.000 --> 00:00:04.120 line:95%
[Music, inspirational]

2
00:00:04.200 --> 00:00:06.720 line:95%
[Francesco Starace] <i>The sustainable 
concept has enabled us</i>

3
00:00:06.800 --> 00:00:08.360 line:95%
<i>to do three things so far:</i>

4
00:00:08.400 --> 00:00:10.000 line:95%
<i>one is to kick up an innovation curve</i>

5
00:00:11.040 --> 00:00:13.640 line:95%
that otherwise would not be possible to start;

6
00:00:13.720 --> 00:00:15.800 line:95%
<i>the second is to avoid mistakes –</i>

7
00:00:15.880 --> 00:00:18.000 line:95%
<i>we ruled out a lot of projects</i>

8
00:00:18.080 --> 00:00:20.880 line:95%
<i>because of the lack of sustainable content in them;</i>

9
00:00:20.960 --> 00:00:24.680 line:95%
<i>and third, it reduced the cost of financing 
through the results</i>

10
00:00:24.760 --> 00:00:26.440 line:95%
<i>of these sustainable development bonds.</i>

11
00:00:26.520 --> 00:00:31.160 line:95%
[Music, inspirational]

12
00:00:31.240 --> 00:00:33.320 line:95%
[Patrizia Grieco] <i>The plan that we have presented today is</i>

13
00:00:33.360 --> 00:00:36.560 line:95%
<i> really the full deployment of our strategies</i>

14
00:00:36.680 --> 00:00:40.040 line:95%
because if you think that 95% of the Capex 

15
00:00:40.120 --> 00:00:42.920 line:95%
 of our plan are SDG-linked,

16
00:00:42.960 --> 00:00:46.120 line:95%
we are shapers and leaders of this

17
00:00:46.160 --> 00:00:48.480 line:95%
<i>fantastic energy transition.</i>

18
00:00:48.520 --> 00:00:52.440 line:95%
[Music, inspirational]

19
00:00:52.520 --> 00:00:57.160 line:95%
<i>[Alberto De Paoli] It's clear that 
technologies is what are </i>driving the change. 

20
00:00:57.240 --> 00:01:00.480 line:95%
The point is how now to put <i>this at work.</i>

21
00:01:00.560 --> 00:01:01.000 line:95%
<i>I think that you have to have</i>

22
00:01:02.040 --> 00:01:05.400 line:95%
<i>a big faith in how
the technologies will be developed in the future.</i>

23
00:01:05.440 --> 00:01:07.400 line:95%
<i>The attitude we have is to say </i>

24
00:01:07.440 --> 00:01:09.440 line:95%
<i>that this will be a game changer. </i>

25
00:01:09.520 --> 00:01:12.600 line:95%
<i>The second point is to have the strength to adapt them,</i>

26
00:01:12.760 --> 00:01:15.000 line:95%
so, these two things together will bring 
sustainability into value,

27
00:01:16.080 --> 00:01:17.720 line:95%
<i>like it is happening today.</i>

28
00:01:17.760 --> 00:01:20.640 line:95%
[Music, inspirational]

29
00:01:20.640 --> 00:01:22.040 line:95%
[Roberto Deambrogio] <i>We have been demonstrating </i>

30
00:01:22.080 --> 00:01:24.080 line:95%
<i>that the sustainability is creating value,</i>

31
00:01:24.120 --> 00:01:25.880 line:95%
<i>and we have to show to an audience</i>

32
00:01:25.960 --> 00:01:28.280 line:95%
which is as large as possible all the projects,

33
00:01:28.320 --> 00:01:30.720 line:95%
all the businesses<i> we’re doing and we have been doing</i>

34
00:01:30.800 --> 00:01:33.880 line:95%
<i>that are the future of the energy sector and</i>

35
00:01:33.960 --> 00:01:36.800 line:95%
<i>that are creating a lot of</i> value for all our stakeholders.


36
00:01:36.880 --> 00:01:40.440 line:95%
[Music, inspirational]

37
00:01:40.520 --> 00:01:43.680 line:95%
<i>[Francesco Venturini] Enel X is a company that is customer-centric.</i>

38
00:01:43.760 --> 00:01:46.800 line:95%
We have created our own certified <i>model</i>

39
00:01:46.840 --> 00:01:50.160 line:95%
<i>to be able to assign a score 
to all the products and services.</i>

40
00:01:50.200 --> 00:01:52.360 line:95%
That result is a score that goes 

41
00:01:52.440 --> 00:01:55.240 line:95%
<i>from zero level of circularity to five,</i>

42
00:01:55.320 --> 00:01:56.400 line:95%
<i>which is the maximum,</i>

43
00:01:56.480 --> 00:02:00.520 line:95%
<i>and the concept is moving from a linear </i>kind of economy

44
00:02:00.560 --> 00:02:02.040 line:95%
to a circular kind of economy.

45
00:02:02.080 --> 00:02:04.000 line:95%
[Music, inspirational]

46
00:02:05.080 --> 00:02:08.640 line:95%
<i>[Livio Gallo] The distribution business is the real enabler of</i>

47
00:02:08.680 --> 00:02:10.720 line:95%
<i>the energy transition </i>and we are working

48
00:02:10.720 --> 00:02:13.040 line:95%
very hard for achieving the SDGs,

49
00:02:13.080 --> 00:02:16.000 line:95%
<i>in line with our development plans.</i>

50
00:02:16.040 --> 00:02:20.120 line:95%
<i>We are investing </i>in digital networks worldwide.


51
00:02:20.200 --> 00:02:24.160 line:95%
[Music, inspirational]

52
00:02:24.200 --> 00:02:27.040 line:95%
[Ernesto Ciorra] <i>Innovability is inspiring our strategic plan</i>

53
00:02:27.080 --> 00:02:31.800 line:95%
<i>because we want to get</i> innovative and sustainable KPIs


54
00:02:31.880 --> 00:02:35.800 line:95%
<i>to better our figures and even to better 
the societies where we act. </i>

55
00:02:36.040 --> 00:02:38.560 line:95%
<i>Thanks to the contribution of our business line,</i>

56
00:02:38.640 --> 00:02:42.440 line:95%
of our digital colleagues, and of the startups and the other <i>people</i>

57
00:02:42.480 --> 00:02:44.600 line:95%
that we involve in our projects.

58
00:02:44.760 --> 00:02:47.800 line:95%
[Music, inspirational]

59
00:02:47.840 --> 00:02:49.800 line:95%
[Monica Girardi] <i>Since 2015 we have switched to</i>

60
00:02:49.840 --> 00:02:52.040 line:95%
a sustainable integrated business model

61
00:02:52.080 --> 00:02:53.840 line:95%
which allowed the Group to have access

62
00:02:53.880 --> 00:02:55.480 line:95%
<i>to an expanded value pool. </i>

63
00:02:55.520 --> 00:02:57.920 line:95%
<i>The restored visibility on long-term results</i>

64
00:02:57.960 --> 00:03:01.600 line:95%
<i>allowed us to introduce a minimum DPS since 2015,</i>

65
00:03:01.640 --> 00:03:05.160 line:95%
<i>which we have reiterated, coupled with a 70% payout.</i>

66
00:03:05.200 --> 00:03:07.800 line:95%
<i>We have our sustainable responsible investors</i>

67
00:03:07.840 --> 00:03:10.600 line:95%
that have constantly increased throughout the period,

68
00:03:10.680 --> 00:03:13.600 line:95%
reaching 10.5% at the end of last year.

69
00:03:13.760 --> 00:03:16.680 line:95%
[Music, inspirational]

70
00:03:16.760 --> 00:03:19.400 line:95%
[Marco Donati] Clients, suppliers, communities,

71
00:03:19.440 --> 00:03:21.320 line:95%
 investors, employees,

72
00:03:21.360 --> 00:03:25.320 line:95%
<i>all will be affected by the strategic 
deployment of our Group.</i>

73
00:03:25.760 --> 00:03:29.200 line:95%
[Music, inspirational]

74
00:03:29.320 --> 00:03:30.480 line:95%
[Antonio Cammisecra] <i>Global Power Generation,</i>

75
00:03:30.520 --> 00:03:32.400 line:95%
<i>the new division that we have formed</i>

76
00:03:32.440 --> 00:03:35.280 line:95%
by merging Enel Green Power and Thermal Generation,

77
00:03:35.320 --> 00:03:39.000 line:95%
is very <i>central in the decarbonisation project of Enel,</i>

78
00:03:39.040 --> 00:03:42.280 line:95%
<i>and we will accelerate the rate of </i>

79
00:03:42.320 --> 00:03:43.840 line:95%
<i>capacity addition in renewable, </i>

80
00:03:43.880 --> 00:03:46.920 line:95%
reaching 5 gigawatts of added capacity per year,

81
00:03:46.960 --> 00:03:49.440 line:95%
which is a top record at global level.

82
00:03:49.480 --> 00:03:53.120 line:95%
[Music, inspirational]

83
00:03:53.200 --> 00:03:56.120 line:95%
[Javier Garrido] <i>The plan was very convincing in establishing Enel</i>

84
00:03:56.160 --> 00:03:59.240 line:95%
as a credible long-time player in the energy transition.

85
00:03:59.320 --> 00:04:02.720 line:95%
<i>The combination of significant investments in renewable,</i>

86
00:04:02.760 --> 00:04:05.160 line:95%
<i>together with a gradual decommissioning of coal,</i>

87
00:04:05.200 --> 00:04:08.360 line:95%
<i>and the focus on digital makes this company</i>

88
00:04:08.400 --> 00:04:10.000 line:95%
<i>as a credible player not just for the </i>next three years,

89
00:04:11.040 --> 00:04:12.280 line:95%
but for the next 20 years, 

90
00:04:12.320 --> 00:04:14.240 line:95%
which is what investors are looking for.

91
00:04:14.320 --> 00:04:18.240 line:95%
[Music, inspirational]

92
00:04:18.320 --> 00:04:21.720 line:95%
<i>Francesco Starace] Going forward, I think you can 
probably see sustainability </i>

93
00:04:21.760 --> 00:04:23.520 line:95%
<i>becoming more a tangible value,</i>

94
00:04:23.560 --> 00:04:27.200 line:95%
<i>both in terms of financial results –</i>

95
00:04:27.240 --> 00:04:29.600 line:95%
so bonds that are going to cost less and less –

96
00:04:29.640 --> 00:04:31.280 line:95%
<i>but also in the fact that</i>

97
00:04:31.320 --> 00:04:35.160 line:95%
<i>through our recognised sustainability front-end activity,</i>

98
00:04:35.200 --> 00:04:38.400 line:95%
<i>we will probably be screening better deals</i>

99
00:04:38.440 --> 00:04:41.880 line:95%
<i>with different counterparts that are sustainable like us,</i>

100
00:04:41.920 --> 00:04:44.880 line:95%
and in a way, also avoid other risks.

101
00:04:44.960 --> 00:04:47.880 line:95%
[Music, inspirational]

102
00:04:47.960 --> 00:04:50.240 line:95%
[Alberto De Paoli]<i> We hope and we wait that others </i>

103
00:04:50.280 --> 00:04:52.480 line:95%
will follow us the sooner we have 

104
00:04:52.520 --> 00:04:54.800 line:95%
<i>a lot of range of instruments available,</i>

105
00:04:54.840 --> 00:04:58.960 line:95%
and so financing will flow <i>towards this target,</i>

106
00:04:59.000 --> 00:05:00.600 line:95%
the better it will be for us,

107
00:05:00.640 --> 00:05:01.960 line:95%
<i>for sure, and for the world.</i>

108
00:05:02.000 --> 00:05:02.840 line:95%
[Music, inspirational]

109
00:05:02.880 --> 00:05:05.480 line:95%
Sustainability means hope, definitely.

110
00:05:05.560 --> 00:05:09.160 line:95%
[Music, inspirational]

NOTE
end of file