Enel is committed to promoting transparency in climate disclosure as a way to demonstrate to its stakeholders that Enel’s ambition to tackle climate change is rigorous and determined. Therefore, Enel has made a public commitment to adopt the recommendations of the Task force on Climate-related Financial Disclosures (TCFD) of the Financial Stability Board, which in June 2017 published specific recommendations on the voluntary reporting of the financial impact of climate risks.
As a result, within the scope of implementing these guidelines, Enel has updated the information concerning the management of climate-related issues. As such, this section has been structured around the four areas recommended by the TCFD, which represent the fundamental components of how organizations operate:
- Governance - Description of the role of Enel’s system of corporate governance with regard to climate-related issues and the role of management in assessing and managing such issues;
- Strategy - Overview of the main climate-related risks and opportunities over the short, medium and long term, as well as of the various physical and transition scenarios considered and the Company’s strategy developed to mitigate and adapt to these risks and to maximize opportunities;
- Risks - Description of the process adopted by the Group to identify, assess and manage climate-related risks and opportunities (a section that is complementary to the paragraph “Description of climate-related risks and opportunities”);
- Metrics and targets - The main climate- related metrics used by Enel, including greenhouse-gas emissions and operational and financial indicators, together with the main targets set in order to promote a low-carbon business model.