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 94% 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 specific direct greenhouse gas emissions of approximately 0.237 kg CO2e per kWh for Scope 1 emissions related to electricity generation. This figure reflects a slight increase from 2021, where the emissions were about 0.207 kg CO2e per kWh. Looking ahead, Enel has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its entire value chain by 2040. To achieve this, Enel has established several near-term and long-term reduction targets. By 2030, the company aims to reduce Scope 1 emissions from power generation by 80% per kWh, using 2017 as the baseline year. Additionally, it plans to cut Scope 1 and 3 emissions from fuel and energy-related activities by 78% per kWh, and reduce absolute Scope 3 emissions from the use of sold products by 55%. Enel also targets a 55% reduction in absolute Scope 1 and 2 non-power generation emissions, as well as Scope 3 emissions covering purchased goods and services, capital goods, and other fuel and energy-related activities. For the long term, Enel commits to achieving a 100% reduction in Scope 1 emissions from power generation per kWh by 2040, alongside similar reductions in Scope 1 and 3 emissions from fuel and energy-related activities. The company also aims for a 100% reduction in absolute Scope 3 emissions from the use of sold products and a 90% reduction in absolute Scope 1 and 2 non-power generation emissions and relevant Scope 3 emissions. 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 underscores its commitment to sustainability and climate action within the energy sector.
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 participating in some of the initiatives that 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.