Enel Group, a leading multinational energy company headquartered in Italy, operates extensively across Europe, Latin America, and beyond. Founded in 1962, Enel has evolved into a key player in the global energy sector, focusing on electricity and gas distribution, renewable energy generation, and innovative energy solutions. With a commitment to sustainability, Enel stands out for its significant investments in renewable technologies, including wind, solar, and hydroelectric power. The company has achieved notable milestones, such as becoming one of the largest renewable energy producers worldwide. Enel's dedication to digital transformation and smart grid technologies further enhances its market position, making it a pioneer in the transition towards a more sustainable energy future.
How does Enel Group's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Business Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Enel Group's score of 40 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2022, Enel Group reported a Scope 1 greenhouse gas emissions intensity of approximately 0.237 kg CO2e per kWh of electricity generated. This figure reflects the company's ongoing commitment to reducing its carbon footprint. Enel has set ambitious near-term targets, aiming for an 80% reduction in Scope 1 emissions from power generation by 2030, based on a 2017 baseline. Additionally, the company plans to reduce Scope 1 and 3 emissions from fuel and energy-related activities by 78% per kWh within the same timeframe. Enel's long-term commitment includes achieving net-zero greenhouse gas emissions across its entire value chain by 2040. This goal encompasses a complete elimination of Scope 1 emissions from power generation and a 100% reduction in Scope 1 and 3 emissions related to fuel and energy activities by 2040. Furthermore, Enel aims to cut absolute Scope 3 emissions from the use of sold products by 100% and reduce non-power generation Scope 1 and 2 emissions, along with relevant Scope 3 emissions, by 90% by the same year. These targets align with the Science Based Targets initiative (SBTi) and are designed to support global efforts to limit warming to 1.5°C. Enel's proactive approach to sustainability positions it as a leader in the electric utilities sector, demonstrating a strong commitment to combating climate change and promoting a sustainable energy future.
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Enel Group is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.