Enel

Enel, headquartered in Italy and a leader in the distribution and trade of electricity, has demonstrated a strong commitment to reducing its carbon footprint.

In 2025, Enel reported total emissions of approximately 62.5 billion kg CO2e. This included Scope 1 emissions of approximately 19 billion kg CO2e, Scope 2 emissions of approximately 4.8 billion kg CO2e (market-based) or 2.8 billion kg CO2e (location-based), and Scope 3 emissions of approximately 40.7 billion kg CO2e. Key categories within Scope 3 emissions for 2025 were use of sold products (approximately 12.7 billion kg CO2e), fuel and energy-related activities (approximately 13 billion kg CO2e), and purchased goods and services (approximately 4.6 billion kg CO2e).

Looking back, Enel's total emissions were higher in previous years, reporting approximately 70 billion kg CO2e in 2024, approximately 94 billion kg CO2e in 2023, and approximately 117.5 billion kg CO2e in 2022. This demonstrates a clear downward trend in overall emissions.

Enel is committed to ambitious climate action, aligning with the Science Based Targets initiative (SBTi). The company has set a long-term goal to achieve net-zero greenhouse gas emissions across its entire value chain by 2040. This is supported by several near-term and long-term targets:

• Scope 1 Emissions (Power Generation): Enel commits to reducing its Scope 1 GHG emissions from power generation by 80% per MWh by 2030 from a 2017 base year, and by 100% per MWh by 2040 from the same base year. This translates to an intensity target of 125 gCO2eq/kWh by 2026, aiming for 0 gCO2eq/kWh by 2040.
• Scope 2 Emissions (Power Generation): Enel commits to reducing its Scope 2 GHG emissions from power generation by 80% per MWh by 2030 from a 2017 base year, and by 100% per MWh by 2040 from the same base year.
• Absolute Scope 1 and 2 Emissions (Non-Power Generation): The company aims for a 55% absolute reduction in Scope 1 and 2 non-power generation emissions in the near-term and a 90% absolute reduction by 2040.
• Scope 1 and 3 Emissions (Fuel and Energy-Related Activities for all sold electricity): Enel targets a 78% reduction per kWh by 2030 from a 2017 base year, with a long-term goal of 100% reduction per kWh by 2040.
• Scope 3 Emissions (Use of Sold Products - Fossil Fuels): The company aims for a 55% absolute reduction in the near term, with a long-term goal of 100% absolute reduction by 2040.
• Scope 3 Emissions (Capital Goods, Fuel & Energy-Related Activities, Upstream Transportation & Distribution): Enel aims for a 55% absolute reduction in these categories in the near term, increasing to a 90% absolute reduction by 2040.
• Decarbonisation of the Supply Chain: A specific commitment is in place to decarbonise the supply chain by 2040.

Enel has also previously set targets such as reducing overall CO2 emissions by 25% by 2020 compared to a 2007 baseline and achieving a 40% reduction in greenhouse gas emissions by 2030 compared to 1990 levels. The company's 2030 targets have been certified by the SBTi as compliant with the 1.5°C pathway.