The Sustainability Strategy and Plan
Our sustainability strategy and contribution to the Sustainable Development Goals
Our sustainability strategy and integrated business model enable us to contribute to the achievement of all 17 UN Sustainable Development Goals. In particular, 4 of the 17 goals guide our value creation: SDG 13 "Climate Action"; SDG 7 "Affordable and Clean Energy"; SDG 9 "Industry, Innovation and Infrastructure"; and SDG 11 "Sustainable Cities and Communities."
For further details, please refer to "Our Strategy for Sustainable Progress" in the Sustainability Report 2022.
Enel's sustainability strategy is embodied in our Sustainability Plan, which takes into account the results of the materiality analysis in synergy with the Strategic Plan, and translated into specific short-, medium- and long-term goals, in order to ensure the transparency and verifiability of our journey towards sustainable progress. Every year, these goals are updated according to a process of continuous alignment with strategic guidelines, achievements and best practices, in order to increasingly integrate sustainability along the entire value chain.
With a sustainable business model based on the development of generation from renewable sources, enabled by grid security and reliability, and aiming for clean electrification of customer uses, we aim to achieve zero emissions by 2040, in line with the goal of keeping global warming below 1.5°C.
The value of the relationships we establish with our stakeholders, whose needs we take into account in all our activities, is at the heart of our commitment to achieving a just transition. Innovation, digitalization, circular economy, and sustainable finance act across the board and accelerate growth: sustainable growth that respects nature and human rights and is based on sound governance.
At the heart of Enel's sustainable strategy is the ambition to achieve zero emissions in 2040, in line with the goal of limiting global warming below 1.5°C. Specific targets, validated by the Science Based Targets initiative (SBTi) have been defined, covering both direct emissions generated by our plants and indirect emissions produced upstream and downstream by our suppliers and customers.
Electrification is the common strategic focus in the progressive decarbonization of the economy. It is a path supported by the growing development in renewable energies and the extension and digitalization of the grids, which enable them to accommodate greater volumes of energy produced from renewable sources and offer an increasingly high-quality, safe and reliable service. Moreover, electrification is also the lever through which customers can participate firsthand in the change taking place, choosing and tapping into the benefits of sustainable solutions that are affordable, innovative, flexible and digital.
The value of the relationships we establish with our stakeholders is at the core of our commitment to achieving a just transition.
To achieve sustainable progress, it is essential to always consider the needs of our stakeholders in all our activities, whether they are Enel people, our customers, the communities in which we operate, our suppliers, or the financial community.
Innovation, circular economy, digitalization and sustainable finance are the growth accelerators of Enel’s sustainability strategy that embrace and enhance all strategic themes crosswise. We constantly strive to find innovative solutions, to reduce the consumption of materials along the entire value chain, and to develop business models and new digital supports.
Protecting natural capital and biodiversity, tackling climate change and contributing to sustainable economic development are strategic factors in the planning, operation and development of our activities. This translates into a daily commitment to reduce and mitigate potential adverse effects on the planet that may result from the Group's various activities, for the protection of present and future generations.
Our commitment to respecting human rights along the entire value chain underpins our strategy to contribute to sustainable progress. We uphold sound governance, in support of the interests of all relevant stakeholders, and we promote the continuous improvement of occupational health and safety objectives.