Enel’s involvement in the leading sustainability organizations and networks
The Group plays an active role in various energy-related and multi-stakeholder associations and organizations with the aim of promoting issues relating to a just energy transition and the fight against climate change, both nationally and globally. This is fully in line with the goals of the Paris Agreement and the Group’s own decarbonization roadmap. Enel is committed to the United Nations Sustainable Development Goals (SDGs), demonstrating active participation, transparency and consistency. This is also through involvement in numerous programs, projects and work groups to support its increasing engagement on ESG issues.
The United Nations Global Compact (UNGC)
Since 2004 Enel has been committed to the UN Global Compact corporate responsibility initiative and its principles in the areas of human rights, labor, the environment, and anti-corruption. In 2022 Enel continues to participate in the CFO Coalition for the SDGs, of which it holds the co-chairmanship. Enel is also a member of the Think Lab on Just Transition, as well as Patron Sponsor of the new portfolio on Transformational Governance. Enel's CEO has served on the organization's Board for two terms, completing his term in May 2021.
Sustainable Energy for All (SEforALL)
Since 2011 Enel has been a partner in Sustainable Energy for All, the international organization that works with the United Nations and global leaders in the public and private sectors toward the achievement of SDG 7. Since 2020 the Group’s CEO has served as President of the organization’s Administrative Board, a role that he will hold until 2023. In 2021 Enel took part in the preparatory work for the High-Level Dialogue on Energy (HLDE), at which SEforALL served as co-president. The was the first global energy summit and it was held on the occasion of the 76th General Assembly of the United Nations. The summit saw the launch of the Energy Compacts: these are voluntary commitments made by governments, businesses and civil society to promote clean and accessible energy between now and 2030. So far more than 200 have been launched and Enel is playing a central role in three of them. In addition to the Group’s Energy Compact and the one relating to the Green electrification of Sardinia, which was launched in 2021, there is also the Energy Compact for Enel Chile. This was announced on May 4 2022 with the aim of developing photovoltaic capacity and promoting the electrification of final energy use in the Chilean capital, Santiago. In 2022 Enel also took part in the SEforALL Forum held in the Rwandan capital, Kigali, from May 17 to 19.
Enel has been a member of CSR Europe since 2005. From 2016 to 2020 the Group held the vice-presidency of the Board that it continues to serve on today. In 2022 Enel joined the organization’s new flagship initiative, the “Leaders Hub,” which focuses on the issue of a just transition for an inclusive Green Deal. The European SDG Summit, where the Group will play a central role with speeches by the CEO and top managers, will also feature the Leaders Hub’s first output – the launch of a Roadmap for Business Action.
The Group, in line with its growing attention to social issues, is also taking part in workshops on Developing a People-Centered Approach to the Workforce and is continuing its activities within the Biodiversity & Industry platform.
The World Business Council for Sustainable Development (WBCSD)
The Enel Group has been part of the Global Reporting Initiative Community since 2016 and a member since 2005. It continues to be part of the Global Sustainability Standards Board and the Corporate Leadership Group on Digital Reporting. Moreover, Enel has belonged to the “Business Leadership Forum on the SDGs” since 2021, thereby confirming its commitment to achieving the SDGs while demonstrating its responsibility and transparency through corporate reporting.
The IFRS Sustainability Alliance
Enel has been part of the International Integrated Reporting Council (IIRC) since its inception. In 2021, as a member of the IR Business Network, it took part in discussion tables, including the one on Special Interest Group Integrated Thinking: A Virtuous Loop. Following the consolidation of the IFRS Sustainability Alliance, in 2022, Enel has continued its commitment with the new organization.
The Sustainable Business Roundtable (SBRT)
In 2016 Enel joined the Sustainable Business Roundtable. In 2022 the Group took part in the first meeting in May, which was dedicated to “The Board’s Role in Sustainability.” In the last quarter of the year, it took part in the second meeting, which was on “Creating Sustainable Customer Value.”
The Global Investors for Sustainable Development (GISD) Alliance
In 2022 Enel continued its commitment to the Global Investors for Sustainable Development Alliance, an integral part of the UN’s Strategy for Financing the 2030 Agenda for Sustainable Development. The Group’s CEO is a member of the Alliance and Enel has played an active role in the debates on the mobilization of investment to support sustainable development, in particular, concerning the definition of specific sector metrics relating to the SDGs and their integration into the existing reporting framework.
The Taskforce on Climate-Related Financial Disclosures (TCFD)
Enel has supported the Taskforce since the publication in June 2017 of the first recommendations, which promoted transparent and reliable climate reporting. In 2020 Enel was also a member of the TCFD Advisory Group that put together the recommendations for scenario analysis.
The Taskforce on Nature-related Financial Disclosures (TNFD) Forum
In 2022 Enel has continued its collaboration as a member of TNFD Forum, a multi-stakeholder consultancy group to support the new Taskforce on Nature-related Financial Disclosure (TNFD). By 2023, it aims to provide a global framework for companies and financial institutions to assess and verify risks and opportunities linked to the impact on nature and biodiversity of their own operations.
The Science Based Target initiatives (SBTi)
As part of the SBTi, Enel certified the target for reducing Scope 1 emissions by 2030 in line with 1.5°C. The Group is committed to setting its own targets in the short, medium and long term in line with the criteria and recommendations of the SBTi and related standards.
The Science Based Target Network (SBTN) for Nature
Enel joined the Corporate Engagement Program of the Science Based Target Network in 2021. This year it continues to be committed to achieving the goals and the vision of the SBTN, in addition to contributing to the development of methods and tools in line with its targets. The SBTN – a unique partnership of non-profit organizations and leaders at global level – provides companies with a guide for setting science-based targets concerning nature, including water, the oceans, soil and biodiversity.