At Enel, we have identified four Sustainable Development Goals (SDGs) for the creation of long-term value. Our sustainable strategy and our integrated business model allow us to contribute to achieving the following ones: SDG 7 (Ensure access to affordable, reliable, sustainable and modern energy for all), SDG 9 (Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation), SDG 11 (Make cities and human settlements inclusive, safe, resilient and sustainable) and SDG 13 (Take urgent action to tackle climate change and its impacts).
These relevant SDGs guide us in the definition of the main pillars of our operations.
Decarbonization of power generation: Thanks to our ongoing commitment to decarbonization, renewable energy has increased by 3% from 2020 levels and accounts for over half of the 232 TWh of total energy generated in 2021.
We are the world’s largest renewable energy player in the private sector with 53.4 GW of managed capacity (60% of our total installed capacity). In 2021, we posted another record with 5,120 MW of new renewable capacity built during the year, including batteries.
This repositioning of our generation portfolio brings our share of zero-emission power generation to 62%.
1. Includes capacity and production managed via joint ventures of 3.3 GW and 9.6 TWh, respectively
2. Includes production managed via joint ventures and nuclear generation
Sustainability-Linked Bonds give our debt holders insight into the direction our Group is taking in terms of our sustainability strategy by creating an explicit link between finance costs and climate risk.
The percentage of sustainable financial instruments reached 55% at the end of 2021, as compared with 33% in 2020.