Enel S.p.A. is an Italian multinational manufacturer and distributor of electricity and gas. Enel, which originally stood for Ente nazionale per l'energia elettrica, was first established as a public body at the end of 1962, and then transformed into a limited company in 1992.
Carbon Capture Utilization and Storage (CCUS)
- Role and Importance: Enel recognizes the critical importance of CCUS in reducing CO2 emissions from industrial processes and power generation. This technology is pivotal to Enel's strategy to achieve net-zero emissions by 2040.
- Investments and Developments: Enel is actively investing in CCUS technologies and projects. These investments are part of their broader commitment to innovative solutions that support carbon neutrality.
- Technological Collaboration: Enel collaborates with various stakeholders, including industry partners, research institutions, and governments, to advance CCUS technologies and implement them effectively on a large scale.
Sustainability and Green Initiatives
- Emission Reduction Goals: Enel aims to achieve net-zero emissions by 2040. They have set ambitious targets validated by the Science Based Targets initiative (SBTi), focusing on both direct and indirect emissions.
- Greenhouse Gas Regulations and Policies: Enel supports strong regulatory frameworks and policies that drive sustainability and emissions reductions, aligning with international climate goals and the Paris Agreement.
- Energy Transition Strategy: Enel is investing significantly in renewable energy sources, including solar and wind power. They are also focusing on electrification and digitalization of the grid to accommodate more renewable energy and provide high-quality, reliable services.
Key Takeaways
- Enel is committed to achieving net-zero emissions by 2040 through investments in CCUS, renewable energy, and sustainable practices.
- The company is actively working to reduce its carbon footprint and support global efforts to combat climate change.
- Collaboration with industry partners, governments, and communities is central to Enel's sustainability strategy.
Website:
https://www.enel.com/
10-K Report:
N/A
Sustainability Report:
https://www.enel.com/content/dam/enel-com/documenti/investitori/sostenibilita/2023/sustainability-report_2023.pdf
