Zero Emissions Ambition - We empower sustainable progress
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
Zero Emissions Ambition We empower sustainable progress
Zero Emissions Ambition
We empower sustainable progress
01 02 03
Let’s get What’s What are
started affecting we doing
the planet? about it?
2
04 05 06
What is How do How are we
Net-Zero? we reach impacting
zero people?
emissions?
3
Zero Emissions Ambition
We empower sustainable progress
01
Let’s get
started
Executive summary
4
The planet needs renewable energy We are building the path
for a sustainable future. to zero emissions.
We are leading the fight against climate change There is no doubt that the sustainability paradigm
through our commitment to total decarbonization. will disrupt global social, political and economic
By eliminating our direct and indirect greenhouse landscapes. However, in times of upheaval, there is
gas emissions and moving towards a sustainable also great opportunity to reimagine and reshape
electrification powered by renewable energy. We help the future. Through innovative problem-solving and
ensure that our planet does not warm by more than bold actions, Enel’s climate strategy supports the
1.5°C, the maximum temperature increase to avoid a planet and its people in a just transition1 to a more
climate crisis as defined by the Paris Agreement. sustainable future.
By 2040 we aim to reach zero emissions - much This report frames our strategy towards zero
earlier and ambitious than the global net zero goal emissions within the context of the global energy
for 2050. We are committed to eliminating emissions transition to renewable sources and as a part of
across all our direct operations, while also indirectly Enel’s decades-long fight against climate change.
through our suppliers and customers. We will also We outline key aspects of our strategy in the short,
exit the natural gas business so that all the energy we medium and long-term, supporting our future goals
provide to our customers is renewable electricity. with our current actions to promote the energy
transition.
1
See page 30 for more information.
Zero emissions roadmap
Zero emissions ambition
100%
Renewable energy
production and sales, and
exit from gas value chain
2040 2050
Net-Zero
World
5
Zero Emissions Ambition
We empower sustainable progress
02
What’s affecting
the planet?
Climate change and the solutions
to address it
6
The increase in atmospheric CO2 levels
in the past in the previous
250 years = 200,000 years
36.3 1 Gt +1.1ºC 250x
gigatons (GT) of CO2 increase of average faster
global temperature
the energy- the equivalent the rate of increase
since the pre-industrial
related CO2 weight of 200 in CO2 levels from
era (1850-1900).
emissions in 2021 million elephants human activities vs
natural activities
7
Zero Emissions Ambition
We empower sustainable progress
Climate change is accelerating…
Since the beginning of breaking temperatures form the The future of climate change
industrialization, human activity basis for what is likely to become is unpredictable, but one
has caused harmful CO2 emissions a global humanitarian crisis.
thing is certain:
to skyrocket. Every year, we Furthermore, scientific data and
increasingly feel the impacts of our projections reveal that our current it will not stop on its own.
actions; rising sea levels, extreme climate reality is just a taste of an This is a human problem that
weather events and record- unprecedented future. needs a human solution.
Milestones in climate change policy
2015 2015 2021
Paris Sustainable COP26 Glasgow
Agreement Development Goals Climate Pact
The first legally binding A series of 17 Global agreement for
international treaty aimed interconnected global sustained reductions in
at reducing greenhouse goals developed by the global greenhouse gas
gas emissions to ensure United Nations to reduce emissions to meet the
that the average global inequality, spur economic objectives of the Paris
temperature does not growth and tackle Agreement, with the
increase by more climate change. ultimate goal of Net-Zero
than 1.5°C. by mid-century.
…so we need to be faster.
Sustainability is not a passing trend, and value chain to guide the
We know where we and ad-hoc actions are not enough energy transition. By continually
need to go, and now to solve the problem of climate collaborating with government,
we must act quickly to change. That’s why at Enel, we corporate partners and
get there. believe in a fundamental paradigm consumers, we are empowering
shift to achieve a sustainable sustainable progress through
future. This mindset is built into innovative technologies and new
everything we do and has led us methods of electrification and
to redesign our business model decarbonization.
8
02
What’s affecting the planet?
Climate change, electrification
and decarbonization
The decade of electrification
Electrification
The transition to renewable energy sources is already The process of replacing technologies that
underway, propelled by changing consumer habits use fossil fuels (such as coal, oil and natural
and cutting-edge technologies. Global electricity gas) with technologies that run
consumption is due to triple in the coming decade, on electricity.
and as such, the energy sector is poised to lead the
paradigm shift towards a sustainable future. The benefits of electrification include cutting
greenhouse gas emissions, increasing
Increased electrification is coupled with increasing energy efficiency and security, ensuring
eco-consciousness, as consumers are more aware of affordability through renewables, improving
the energy consumption associated with the products urban air quality, creating new jobs and, of
they buy. At the same time, electrification efforts are course, helping to fight climate change.
supported by digitalization, improved infrastructure
and advancements in renewable energy storage.
Decarbonization
Francesco Starace The process of removing or
Chief Executive Officer and
reducing carbon emissions from
General Manager of Enel
the energy supply system, leading
“We will see electricity taking on a to fewer greenhouse gas emissions
leading role, even in sectors where and a greener planet.
it had never previously been present”.
Sustainable energy:
the key to decarbonization
Decarbonization and sustainable energy go hand-in-hand.
Renewable energy will fuel the carbon-free future. That’s
1
why the energy transition from fossil fuels to renewable
sources like solar, wind and hydropower is a cornerstone in
Electrification
the fight against climate change.
The shift to sustainable energy, however, is more complex
than simply abandoning fossil fuels all at once – which 2
Decarbonization
may also result in premature interruption of vital services.
3
The decarbonization process requires management that
guarantees grid stability, resilience and efficiency to
Less greenhouse
ensure clean, affordable energy for all and a more efficient
gas emissions
use of energy.
Enel is leading the fight against climate change through a
comprehensive strategy that prioritizes both people and 4
Greener, more
the planet. sustainable planet
9
Zero Emissions Ambition We empower sustainable progress 10
03
What is Enel
doing about it?
Our sustainability journey
11Zero Emissions Ambition
We empower sustainable progress
Enel’s milestones on climate action
Our 2040 ambition towards zero emissions is the natural next step in
our decades-long fight against climate change. Over the years we have
positioned ourselves as leaders in the energy transition, collaborating with
international organizations and advocacy groups to promote sustainability.
2017
2008 Enel X
Creates a global business line
Enel Green Power to accelerate innovation and
drive the energy transition
Incorporates all of Enel’s using advanced solutions
activities in the wind, solar, like energy management and
geothermal, run-of-the-river financial services, technological
hydroelectric and biomass innovations for decarbonization
fields in Europe, North, Central and electrification and
and South America into a alternative, sustainable business
single company to promote models for people, communities,
the development of institutions and companies.
renewable energy.
2015 2018
2050 100 TWh of renewable
Decarbonization output per year
Pledge Celebrates its tenth anniversary
Pledges to decarbonize as a renewable company with
Enel’s energy mix by 2050, groundbreaking results: 100
coinciding with the launch TWh of power generation,
of the United Nations SDGs a growth rate of 3 GW of
and the Paris Agreement. capacity per year and over 1,200
Announces its first science- operating plants in 30 countries.
based target to limit direct
greenhouse gas emissions
by 25% by 2020, as
compared to 2007.
1203
What are we doing about it?
Enel’s sustainability journey
2019 2021
Sustainability Gridspertise
Linked Bonds Launches a company dedicated
to the digital transformation
Launches the world’s first general of power grids to become a
purpose SDG-linked bonds in trusted partner for all types of
US markets for $1.5 billion and in Distribution System Operators
European markets for €2.5 billion, (DSOs). Rolls out integrated
embedding its climate strategy smart grid solutions, the primary
into its sustainable finance model. facilitator of decarbonization
and electrification targets.
Business Ambition
for 1.5°C 2040 Zero emissions
Becomes the first Italian Commitment
company to join the United Brings forward its
Nations business campaign decarbonization commitment
to limit the maximum global from 2050 to 2040. In
temperature increase to 1.5°C addition, Enel sets a new
from pre-industrial levels and record with more than 5 GW
achieve Net-Zero emissions of global renewable capacity,
by 2050. while Enel Grids reaches one
million prosumers (producer +
consumers) connected to
its network.
2020 2022
ESG and Climate Enel X Way
Leaders Launch a new company
dedicated to simplifying the
Included in the MSCI ESG
world of electric transport
Leaders index after receiving
and making e-mobility easily
its first AAA rating by
accessible to everyone,
leading ESG provider MSCI
leveraging the Group
ESG Research, due to an
longstanding expertise in
accelerated ambition for its
the field.
decarbonization roadmap. Was
also featured in the prestigious
‘A List’ for climate change
Decarbonization
released by CDP. commitment:
Climate
Science-Aligned
Launches new mid and long
term targets to mitigate its
direct and indirect emissions
across its entire value
chain, validated by SBTi in
coherence with limiting global
warming to 1.5ºC.
13Zero Emissions Ambition We empower sustainable progress 04 What is Net-Zero? 14
Residual emissions
-++carbon REMOVALS
Net-Zero
15Zero Emissions Ambition
We empower sustainable progress
Net-Zero is the point at which global warming stops
To put it simply, Net-Zero refers to the balance Net-Zero is a cornerstone of the sustainability
between residual and inevitable global greenhouse paradigm. It is crucial to averting an irreparable
gas emissions produced by human activities and the climate and humanitarian crisis and promoting
removal of such emissions to ensure net zero overall sustainable development.
emissions.
As such, international organizations and experts
have agreed that the world must be Net-Zero by
To limit the global temperature increase to 1.5°C, as compared 2050. However, there are sectors that can progress
to the pre-industrial era (1850-1900), the world needs to: even faster and further. This is the case of the
power sector, which can be fully decarbonized - as
1 Reduce the greenhouse This is our priority! We technology is already available - while maintaining
gas emissions that people will mitigate all our reliability and affordability. Actually, many States are
generate. direct greenhouse gas
pursuing ambitious decarbonization goals for the
emissions, while reduce
Neutralize the impact of any our indirect emissions power sector.
2
+
residual emissions by permanently as much as possible
- removing the equivalent volume, given current global Enel is ten years ahead of the global standard,
as a very last resort mechanism
and much limited.
technological constraints. showing an ambition that moves beyond: we aim to
achieve zero emissions by 2040.
Getting to Zero emissions isn’t as easy as it seems
The world is entering an unprecedented landscape
and must adapt to new environmental, social and
political realities. While it is impossible to predict the
future, we have identified key risks and opportunities Physical Transitional
Changes in Social, economic
to guide our stratagem.
the environment. and political shifts
related to the energy
Current and future challenges are related to transition.
two phenomena:
Physical phenomenon Transition phenomenon
Changes in the environment directly affect The transition to renewable energy will cause
electricity demand & renewable energy generation. complexities throughout the value chain.
Chronic physical changes Socioeconomic changes
Average global temperature Lack of coordination
Sea levels in carbon pricing policies
Rainfall
Solar radiation Ineffective incentives
or regulatory systems
Acute physical changes
Volatile market
Heat waves dynamics
Flooding Slowdowns and
Hail interruptions to
the raw materials
Windstorms
16 in the supply chain
Lightning04
What is Net-Zero?
Greenhouse gas emissions scopes
How do you measure greenhouse gas emissions?
The following three scopes are internationally recognized categories for measuring
the different kinds of greenhouse gas emissions a company produces in its
operations and value chain. It includes the following gases, measured as carbon
dioxide equivalent (CO2eq): CO2, CH4, N2O, HFCs, PFCs, SF6.
Scope 1 Scope 2 Scope 3
Direct emissions Indirect emissions Other indirect
from electricity emissions
The greenhouse gas The emissions that are This is the most comprehensive
emissions a company produced from the energy scope, as it involves all indirect
produces directly by running that a company uses in its emissions produced across a
its facilities, machinery and operations. company’s value chain. This
vehicles. In the case of ranges from the emissions
Enel, this is related to the by suppliers to the use of its
energy we produce for our products by end consumers.
customers.
Company Purchased Capital Leased Fuel and
facilities electricity, steam, goods assets energy related
heating & cooling activities
for own use
Company Processing Transportation Use of sold
vehicles of sold and distribution products
products
Waste Employee Business
generated in commuting travel
operations
Franchises Investments End-of-life
treatment of
sold products
17
17Zero Emissions Ambition We empower sustainable progress 05 How do we reach Zero emissions? Our strategy for a carbon-free future 18
Do all roads lead to a
carbon-free future?
While Net-Zero is the widely agreed-upon goal, there
are different ideas on how to get there and progress
even further.
Governments, industries and consumers want to
decarbonize while also ensuring fair practices and
prices. As such, we need a clear strategy that takes
into account both people and the planet.
Enel’s comprehensive and ambitious strategy guides
the pathway to go even faster and beyond: to be zero
emissions across our entire value chain by 2040.
19Zero Emissions Ambition
We empower sustainable progress
Zero emissions
Roadmap Simply put,
by 2040 we aim to no
longer produce CO2
We have accelerated our targets
We will be
We have brought forward our zero emissions
commitment both for direct and indirect emissions ZERO EMISSIONS
by 10 years, from 2050 to 2040, through a complete
shift to 100% renewable sources.
1 gigawatt (GW) = 1 billion watts of energy
is enough
1 GW to power 750,000
of power homes in the
United States for a year
75 GW
of renewable
2025
gCO2eq/kWh
capacity, including
Battery storage The grams CO2 equivalent per kilowatt-hour indicates how
much greenhouse gasses are emitted for a given energy
source. The higher the number, the more carbon is produced.
Exit Enel’s 2030 goal
coal - +
2027
Windpower Coal
power 11 gCO2eq/kWh 820 gCO2eq/kWh
generation
Reduce direct
emissions to
-55% 85% of installed
capacity
reduction of from
72 gCO2eq/kWh indirect emissions renewable
2030 1
10 the CO2 emissions
than that of coal!
from Gas Retail
business (vs 2017)
sources
100% 0 Exit from
of the electricity
produced and sold MtCO2eq natural gas
value chain
2040
by Enel
No more CO2 emissions from
from renewable
sources power generation and retail!
MtCO2eq
The metric tons of CO2 equivalent are the total
amount of greenhouse gasses produced.
1 ton
of CO 2
2005
How do we reach Zero Emissions?
We define all our targets in line with the Science They enable private organizations to set science-
Based Targets initiative (SBTi), which establishes based emissions reduction targets to reduce the
scientific goals, criteria and recommendations to impacts of climate change.
achieve Net-Zero.
Our mid and long-term decarbonization targets
The SBTi is a partnership between the Carbon embedded into our business strategy and covering
Disclosure Project (CDP), the United Nations Global our direct and indirect emissions have been certified
Compact, World Resources Institute (WRI) and the by the SBTi per their methodologies and standards.
World Wide Fund for Nature (WWF).
Key characteristics of our strategy
Frameworks for Awareness and Positive impacts Scalability and Measurements
risk identification, flexibility for on both people adaptability to over the short,
analysis and different future and the planet economic and medium and
mitigation climate scenarios environmental long-term
changes
How are we going to achieve zero
emissions?
Becoming zero emissions by 2040 requires a strong We have adopted an integrated approach by reducing
acceleration in the development of renewables and both direct and indirect emissions to decarbonize our
energy efficiency, acccompanied by a complete value chain.
overhaul of our investment planning and
economic models.
The greenhouse The greenhouse gasses that
How will gasses Enel produces How will our supply chain produces
we reduce we reduce
direct emissions? indirect emissions?
Producing electricity Increasing sales of Switching customers from Purchasing renewable
exclusively from renewable renewable electricity to natural gas to electricity electricity for Enel’s
sources end customers consumption
Electrifying fleets Reducing electricity Engaging suppliers to Promoting a circular
and buildings technical losses of the decarbonize their products economy for new assets
grids and services and manufactured
components
SF6
Replacing and installing Creating standards for Digitalizing assets and Promoting teleworking and
SF6-free components sustainable construction processes remote operations
sites
21Zero Emissions Ambition We empower sustainable progress Our unique approach What makes our strategy different? Our plan for mitigating carbon emissions encompasses high-impact elements that create value. Some of the core elements of our strategy include: Cutting out, not compensating Instead of aiming to offset our carbon emissions through carbon removal technology or nature- based solutions, our strategy gets to the root of the problem. We will transition entirely to renewable energy throughout our value chain and for our end- consumer, thereby exiting from the coal and natural gas value chains. Ambitious and pragmatic Our business model is in line with the maximum ambition of Paris Agreement objectives to limit the global average temperature increase to 1.5°C. In fact, we are ten years ahead of global standards. To define this strategy, we have conducted risk mitigation analysis across different climate scenarios to ensure that our approach takes into account foreseen eventualities, while maintaining the flexibility needed for resilience during unpredictable circumstances. Consumers benefit Our business strategy is customer centric. By increasing electrification, efficiency and availability of renewable energy, we will provide clean, inexpensive and reliable electricity supply and services. Looking ahead to 2030, our consumers will see a 40% drop in their energy bills, and up to an 80% reduction in their carbon footprint. Comprehensive impact Our holistic strategy spans 3 scopes of direct and indirect emissions, as a way of categorizing the different kinds of carbon emissions we produce (see page 23 for more information). Worldwide recognition Sustainability has been built into our business model since our founding, which is why we collaborate with international organizations like the United Nations to not only shape our goals, but also to help set international industry standards. 22
05
How do we reach Zero Emissions?
Our strategy for a carbon-free future
Electrifying our way to Zero Emissions
Electrification is a cornerstone Enel X and Enel X Way
of Enel’s Zero emissions ambition
New sustainable business solutions for everyday use
To tackle the challenges posed by climate change, we Spurred by artificial intelligence and data analysis,
must… the new ways we use energy opens up countless
opportunities. Enel X and Enel X Way enable people
Generate more and Transfer the benefits Transform today’s power to live and move smarter and more sustainably. By
more electricity from of a decarbonized grids into smart grids
renewable sources. electricity carrier to to manage increasingly
responding to ever-changing needs through simple,
other sectors, such decentralized innovative and scalable solutions, we generate radical
as transportation and generation, two-way improvements in everyday life for people, businesses,
construction. energy flows and a
growing demand for
and cities.
electricity.
Electrification’s benefits go beyond
decarbonization. People Businesses Cities
Transforming homes Unlocking new value Transforming urban
In addition to reducing greenhouse gas emissions, to make them smarter, through simple, environments to
electrification also: more comfortable scalable and innovative improve quality of
and sustainable, solutions, with new life by developing
Enhances energy efficiency and circularity through putting people in opportunities and solutions for smart
control of their home lower costs. lighting and energy
increased flexibility of the energy system.
environments. use, connectivity
and mobility.
Empowers customers.
Maximizes affordability and security of supply Enel Grids
through highly resilient power grids.
Innovative infrastructure for sustainable
Improves air quality, particularly in cities. development
Guided by our Grid Futurability® strategy, we have
Creates quality jobs emerging from a well-planned adopted a customer-oriented industrial approach
just transition. to renew, reinforce and expand our grids over the
coming years. By strategically deploying technologies,
we will make better use of existing power networks
and build fully digital smart grids. We will also combine
This evolution requires flexible and open systems robust infrastructure with advanced technological
in which customers, retailers, aggregators, energy solutions to increase grid resilience, participation and
generators and new stakeholders can operate and sustainability, both in urban and rural areas.
collaborate to accelerate the energy transition.
How can we ensure these grids will be sustainable?
Our global, customer-oriented industrial approach Fundamental components of the distribution network
to electrification is being led by three core business such as transformers, panels, switches and cables
lines: Enel X, Enel X Way and Enel Grids. will be constructed with circular economy models,
thereby maximizing the use of recycled material along
the supply chain. This harmony of short-term and
long-term strategic priorities boosts benefits and
stakeholder satisfaction, while lowering the carbon
footprint of our network assets.
23Zero Emissions Ambition
We empower sustainable progress
Reducing our greenhouse gas emissions to zero
In 2022, Enel drew up a new decarbonization Current targets foresee an overall 99% reduction,
roadmap that envisages reducing all its direct and beyond the 90% threshold expected by global
indirect greenhouse gas (GHG) emissions across its standards such as SBTi, as several exogenous factors
entire value chain. Indeed, the Group aims to achieve shall be overcome in the short to medium term to
a 100% reduction across all its GHG emissions by reach such ambitious milestone. These factors include
2040 compared to 2017. the development of new carbon-free technology
solutions in the supply chain at large-scale, while also
the change of certain market conditions and policies
to enable zero emissions business models.
Enel’s carbon footprint reduction roadmap, including all absolute scope 1, 2 and 3 emissions (MtCO2eq)1
190
MtCO2eq
-30%
133
MtCO2eq
-68%
60
MtCO2eq
-99%
-100%05
How do we reach Zero Emissions?
Our strategy for a carbon-free future
Decarbonizing across our business lines
We have defined four concrete targets to
decarbonize our business activities, all them certified
by the Science-Based Targets initiative (SBTi) and in
line with keeping global warming within 1.5 ºC.
2017* 2030 2040
ZERO
BASELINE
Power generation
ZERO
Scope 1
365 72 ZERO0
Greenhouse gas emissions from the
thermoelectric power plants that we use gCO2eq/kWh gCO2eq/kWh ZERO
gCO /KWh
ZERO
2eq
to produce energy.
-80% ZERO
We will produce 100% renewable
energy by 2040.
ZERO
ZERO
ZERO
Integrated power ZERO
Scopes 1 and 3
332 73
ZERO0
Greenhouse gas emissions from the
gCO2eq/kWh gCO2eq/kWh ZERO
gCO /KWh
combination of the energy we produce
(Scope 1) and from the energy we
ZERO 2eq
purchase to other producers to be sold ZERO
ZERO
-78%
to our customers to satisfy their energy
demand (Scope 3). ZERO
We will sell 100% renewable ZERO
energy by 2040.
ZERO
ZERO
Gas retail ZERO
Scope 3 ZERO
Greenhouse gas emissions from the 25.3 11.4 ZERO0
use of the natural gas we sell to end- MtCO2eq MtCO2eq
ZERO
MtCO 2eq
customers.
-55% ZERO
We will exit the gas retail business ZERO
by 2040 and convert all our sales
to electricity.
ZERO
ZERO
Additional emission sources
Scopes 1, 2 and 3
Greenhouse gas emissions from supply 23.1 10.4Zero Emissions Ambition
We empower sustainable progress
Working together
Carbon pricing
A policy tool to lower CO2
Global challenges We are dedicated to promoting sustainability emissions by shifting the costs of
need global within and outside of our company through the emissions to producers. This
national and international advocacy. Our advocacy can take the form of a carbon
solutions objectives to support the energy transition and tax (a price per ton of emissions)
or a cap-and-trade system (an
decarbonization include: auction of emission permits).
Promoting more Collaborating Public carbon
ambitious climate with suppliers pricing policies
policies to support their
decarbonization
Accelerating the Developing Electrification
use of renewable and upgrading as a means for
technologies infrastructure decarbonizing
through smart grid energy end-uses
technologies
To achieve these objectives, we collaborate with over By engaging with a wide range of stakeholders, we
20 international associations, including the United work to promote decarbonization, drive forward
Nations Global Compact (UNGC), World Business the clean energy sector and create a long-lasting
Council for Sustainable Development (WBCSD) and sustainable and inclusive energy transition.
The European Association for Storage of Energy
(EASE), among others.
Environmental organizations
Labor institutions
Youth associations
Private sector
European think tanks
2605
How do we reach Zero Emissions?
Our strategy for a carbon-free future
Results that matter We are well on our
way towards zero
In 2022, we took great strides towards emissions
decarbonization by developing key aspects of
renewable energy and energy efficiency, including:
Between
Renewable energy generation 2023-2025
In 2022 energy produced from renewable sources we will invest
accounted for 49.4% of total consolidated generation.
2022 49.4%
~17 billion
2025 70%
euros in renewables
2040 100%
Direct emissions reductions
Our direct greenhouse gas emissions from power Our investments for 2023-2025
generation (measured in gCO2eq/kWh) decreased by
37% in 2022 compared to 2017.
2022 37%
~94% >80%
are aligned with are aligned with the
the United Nations European taxonomy
2030 80% Sustainable
Development Goals
2040 100%
Sustainable construction sites
We achieved 100% renewable construction sites.
Demand Response Capacity
We increased our demand response capacity in 2022
up to 9 GW.
Digitalization
Through our efforts to digitalize the electricity grid,
the total number of end users with active smart
meters has reached 45.8 million.
Electric mobility
Our network of publicly owned charging points for
electric vehicles has expanded to 22.6 thousand.
Further information on our climate and
sustainability strategy and performance is
available in our 2022 Sustainability Report
27Zero Emissions Ambition We empower sustainable progress 06 How are we impacting people? A human-centric approach 28
29
Zero Emissions Ambition
We empower sustainable progress
We empower people to thrive in the
energy transition Just transition
Decarbonizing economy is a monumental step in In order to tackle pressing environmental challenges like
promoting the well-being of both the planet and its climate change, pollution and plummeting biodiversity,
people. As such, the challenges posed by the social nations and businesses need to transition to greener,
and economic impacts of decarbonization shall by resilient and climate-neutral economies and societies.
resolved by practices that promote inclusion and
equality. A just transition means “greening” the economy in
a way that is fair and inclusive by creating decent
work opportunities for all. To do so, we must maximize
the social and economic opportunities of climate action,
while minimizing challenges by cultivating effective
social dialogue and respecting fundamental labor
principles and rights.
These principles are not exclusive to specific sectors,
development levels or regions, but rather, transverse all
aspects of the transition.
Change means challenge, and also opportunity
Significant social, economic and political transitions At Enel, we have created programs to develop the
are inherently disruptive. However, within a state of new skills and workforce competencies needed in
flux there is also the chance to redesign antiquated the shift to a decarbonized economy. These include
systems and anticipate the needs of tomorrow. both enhancing existing skills to improve one’s current
role performance (upskilling) and learning new skills
Innovation and sustainability are integral to our (reskilling). While some jobs may be lost, others will be
strategy, as is the spirit of service and care for our created in their place. It is our responsibility to ensure
communities. Enel’s zero emission ambition strategy everyone is prepared.
supports a just transition to ensure that no one
gets left behind. This reflects the Group’s broader These programs also involve our suppliers in
commitment to respecting human rights across the confronting the challenges of the energy transition.
entire value chain. By sharing ideas and innovations, we help them
integrate resilience into their path of change and
The transition to a decarbonized economy has the growth.
potential to accelerate growth and technological
advancement within the energy sector. In order to Empowering customers to gradually convert
take full advantage of these opportunities, we need their energy consumption to electricity – while
pioneering policies that balance the right to a safe, simultaneously improving spending, efficiency,
clean, healthy and sustainable environment with the emissions and price stability – will be crucial in
rights of relevant stakeholders. the upcoming decade. This entails improving
and maintaining access to electricity in the most
disadvantaged areas and among
low-income populations.
3006
How are we impacting people?
A human-centric approach
We have a responsibility to the people, businesses internal stakeholders in order to raise awareness,
and society in the areas in which we operate. develop a constructive dialogue and co-create
Understanding their priorities and helping to development opportunities for the region and
fulfill their needs is essential to innovation and its people.
the development of competitive, inclusive and
sustainable business models that benefit society. We are reducing carbon emissions to give the planet
and its people a more sustainable future. We have
All our actions are based on the principles of social embarked on our zero emissions ambition roadmap,
and environmental sustainability. Every investment taking bold steps guided by a clear and robust
decision is made by engaging the main external and strategy to support us now and for the years to come.
The future is innovative. The future is sustainable.
The future is
Zero Emissions.
31You can also read
