7AFFORDABLE AND CLEAN ENERGY
Ensure access to affordable, reliable, sustainable and modern energy for all
9INNOVATION AND INFRASTRUCTURE
Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation
11SUSTAINABLE CITIES AND COMMUNITIES
Make cities and human settlements inclusive, safe, resilient and sustainable
12RESPONSIBLE CONSUMPTION AN PRODUCTION
Ensure sustainable consumption and production patterns
Take urgent action to combat climate change and its impacts
17PARTNERSHIPS FOR THE GOALS
Strengthen the means of implementation and revitalize the global partnership for sustainable development
Global macro-trends such as decarbonization, electrification, urbanization, and digitalization are redesigning the energy industry in the direction of a new ecosystem that is gradually transforming the traditional model of the utility business.
It is therefore necessary to promote the combat against climate change, one of the primary challenges we face as a society, by promoting a global low-carbon economy.
As stated by the World Economic Forum in its 2019 Global Risk Report, climate change is now the leading risk to society and will have a direct impact on long-term business performance.
Therefore, combating climate change and protecting the environment are among the responsibilities of a major global player in the energy industry such as Enel as we seek to achieve the full decarbonization of electricity generation by 2050, thereby helping to achieve the United Nations’ SDG 13. We are also committed to developing a business model that is aligned with the objectives of the Paris Agreement (COP21) to maintain the average global temperature increase well below 2 °C compared with pre-industrial levels and to continue with efforts to limit this increase to 1.5 °C within a strategy based on a long-term view translated into practical objectives.
In addition to actions that focus on the generation mix, Enel is active in digitalization, electric mobility, energy efficiency, and innovation.
Within this landscape, Enel’s commitment to the circular economy, which unites innovation, competitiveness, and environmental sustainability, engages all areas of the Group in working towards these objectives.
Enel is also committed to promoting transparency of disclosure with regards to climate change, providing information regarding the management of issues relating to this matter, as stated in the recommendations put forth by the Financial Stability Board’s Task force on Climate-related Financial Disclosure (TCFD), later on in the present chapter.