Sustainable Business, according to Enel
Sustainable Business, according to Enel
It is not the strongest that survive, but the ones most responsive to change: that’s the theory of evolution. Nowadays, in a scenario made increasingly changeable and competitive by technological development, companies are forced to change very quickly: and that goes for the energy sector as well.
Today, utilities must reinvent the way they do business: that means increasing their attention to sustainability, investing in clean technologies that are becoming increasingly competitive and reaching a higher level of cooperation along the entire value chain and with other industries.
Increasing global attention to climate change requires new awareness about its main risks, and also about the opportunities arising around it. The 2015 Climate Conference in Paris (COP21) was a decisive step forward in the fight against climate change, thanks to its plan for emissions control. That joint commitment was reinforced in Bonn, on the opening day of COP23, when several large energy companies – including the Enel Group – asked European institutions to increase the renewable energy production goals set for 2030. This unprecedented proposal was accepted by the European Parliament in January 2018.
The new challenges of the energy transition can only be tackled with a sustainable business model that creates synergy with the outside world and is able to integrate all the factors in play (economic-financial, environmental and social) to create shared value in the long run.
Our Group, with its ambitious renewable energy development plan, has always taken a clear position on environmental issues. The Enel Group aims for the complete decarbonization of electrical energy production by 2050, giving its own significant contribution to achieving the UN’s SDG 13 (the sustainable development goal set to contain the effects of climate change). Our strategy is not just based on decarbonization, but aims for “low carbon” growth, contributing to the transformation of both the energy market and the economy. Enel is investing more and more in renewable energy, while exploring new solutions for energy efficiency and new digital technologies.
Electrical energy is becoming the driving force for a more circular, sustainable and versatile system. In fact, electrification in sectors like transport and heating (e.g., electric mobility and heat pumps) reduces our dependence on fossil fuels, relying on new digital solutions and smart infrastructure to increase system efficiency.
The Enel Group’s model is based on flexible, widespread and integrated technologies that allow for the production and supply of cleaner and more efficient energy directly to the customer. Grid digitalization, the development of new consumer products and services for energy efficiency and the promotion of electrical energy in transport and residential building are all integral parts of the growth strategy.
The digital revolution has also opened up new opportunities within the electricity market and is changing the way we live our daily lives: just think of checking home energy consumption from your smartphone, or the smart management of public lighting and the spread of the electric car. The latter, for example, brings numerous advantages: less environmental impact, decarbonized transport, improved air quality, reduced noise pollution in the city, increased energy efficiency, greater integration of renewables and a strong push to look for increasingly innovative technical solutions.
To face these challenges and seize all opportunities, our Group created Enel X in 2017. This division is completely dedicated to providing innovative services and energy efficiency solutions for houses, companies and smart and sustainable cities, to promoting the environmental development of communities, to generating long-term shared value and to contributing significantly to reducing emissions.