"The steps the Group has taken to fight climate change are an integral part of Enel’s business strategy, as evidenced in our ability to move up our 'Net-Zero' goal to 2040 and the Group’s focus on renewable energy growth and on promoting electrification. We are accelerating growth in all businesses while ensuring value for our customers, who are at the heart of the Group’s strategy."
By 2030, we expect to manage a total renewable capacity of roughly 154 GW, triple our 2020 portfolio, as well as to grow our network customer base by 12 million and promote the electrification of energy consumption, and we will also be increasing the volume of electricity sold by nearly 30% and focusing, at the same time, on the development of “beyond-commodity” services, such as strengthening the electric-vehicle charging grid or for behind-the-meter storage and electric buses, in collaboration with a number of partners.
In 2021, Enel further accelerated its decarbonization roadmap by setting new objectives for direct and indirect emissions in line with the path to 1.5°C promoted by the Paris Agreement and in line with the Science Based Targets initiative (SBTi) guidelines.
The process of defining the Group’s strategies is accompanied by an accurate analysis of the risks and opportunities connected with those strategies, including aspects related to climate change.
In order to identify, in a structured manner and in line with the TCFD recommendations, the main risks and opportunities and their impact on the business, we have adopted a framework that explicitly describes the primary relationships between scenario variables and the associated risks and opportunities highlighting the strategic and operating measures including mitigation and adaptation. There are two main categories of risks/opportunity:
- those that are related to trends in tangible variables;
- those that are related to trends in transition scenarios.