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Enhancing synergies and promoting growth

  • GRI
    
GRI 102-15

In recent years, numerous industrial sectors have undergone structural change, creating new markets, business and employment opportunities, but also the need to innovate consolidated business models and rethink how available resources are used. The energy sector is also experiencing constant, relentless change: the competitiveness of renewable sources and digitalization of assets are paving the way for new uses of electricity, making it possible to decarbonize the economy.

Energy has become vital for the development of technology, industry and society. Making energy accessible to everyone means giving local populations new possibilities in education, healthcare, gender equality and employment. Providing clean energy means facilitating development while respecting the environment and the local area. Providing clean, competitive energy means building a winning model in which all sustainability aspects have been achieved, creating shared value in the long term for the Company and parties involved.

In this context, Enel’s sustainable business model enhances the synergies between the various business areas and the outside world in order to find solutions to reduce environmental impacts, meet the needs of local communities and improve the safety of people working in the Company and its suppliers. It is thanks to this sustainable business model that Enel is able to meet the new challenges of the energy transition, not only by reacting to risks, but by seizing all opportunities without ignoring their social and environmental implications.

In order to pursue this goal, a clear, defined and long-term strategic vision is needed to strengthen the confidence with which people look to the future and the role of Enel, today as in the years to come. It is necessary to study trends in order to anticipate them. A strategic and operational approach based on the concept of openness, “Open Power”, where sustainability and innovation are an indispensable combination. Developing and promoting innovative solutions that contribute to achieving the UN’s Sustainable Development Goals (SDGs) for 2030, through a structured Hub/Lab network, partnerships and startups and the activation of virtuous ecosystems with the aim of changing the world, contributing to creating more sustainable cities and levering access to new technologies and circular economy approaches.

Knowledge of the context in which Enel operates and engagement with all stakeholders are essential factors for combining economic with social growth in the long term.

Community needs are analyzed, through a Creating Shared Value (CSV) model, starting from new business development phases: assessing social and environmental factors in the development of sustainable sites, managing assets and plants to make them platforms for sustainable development in the areas where they are located. The principles of ethics, transparency, anti-corruption, respect for human rights and promotion of safety are all framing elements that have always characterized Enel’s method of working and which are based on policies and criteria of conduct that apply to the entire Group. It is a model that promotes sustainable development fully in line with the guidelines of the United Nations Global Compact, of which Enel has been an active member since 2004. These guidelines reaffirm the importance of increasingly greater sustainability in the company’s strategic choices. Confirming the importance of this approach, the Enel’s CEO has been a member of the Board of Directors of the Global Compact since June 2015. A key element to this approach is the adoption of ESG (Environmental, Social and Governance) sustainability indicators within the whole value chain, not only to reflect the results achieved, but above all to anticipate decisions and develop a proactive attitude in line with the United Nations’ 2030 SDGs. Enel constantly strives to manage and measure its overall performance, taking into consideration economic, business and ESG topics in reporting its activities and defining the objectives underlying its strategy.

A SUSTAINABLE BUSINESS MODEL

A sustainable business model