Enel S.p.A., the leading multinational energy company based in Italy, sets a global benchmark in integrated financial and sustainability reporting, embodying the transition to sustainable energy systems and holistic corporate responsibility. The 2024 Integrated Annual Report—the first fully compliant with the EU Corporate Sustainability Reporting Directive (CSRD)—presents a comprehensive narrative and quantitative insight into Enel’s ESG commitments, performance, and strategic outlook for a net zero economy.
Overview of Company Scale and Market Position
Enel operates approximately 66 GW of renewable energy capacity and distributes electricity to roughly 68.5 million end users worldwide. This scale positions Enel as the world’s largest renewable power producer and one of the most extensive electricity network operators.
Financially, Enel reported revenues of €80.3 billion in 2024 and strategically aligned €2.3 billion of its projected capital expenditure for 2024-2026 to sustainable development goals (SDGs), with an intense focus on transitioning its generation mix and enhancing energy infrastructure.
Climate Commitment and Emission Reductions
Enel’s climate goals are ambitious:
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Achieving net zero greenhouse gas emissions by 2040.
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Absolute reduction of Scope 1 and 2 emissions by 72.3%, surpassing interim milestones.
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Reducing Scope 3 emissions (value chain) by 37.3% against a 2017 baseline, with ongoing expansion of supplier alignment initiatives.
The company’s carbon intensity has fallen to approximately 78 gCO₂/kWh generated, substantially lower than many European energy peers.
Noteworthy achievements:
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90%+ renewable energy share in total electricity generation in 2024.
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Decommissioning of coal-fired plants accelerated; coal capacity declined by 35% over the past five years.
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Investment in hydrogen, battery storage, and digital electrification technologies increased by 15% year-over-year.
Electrification and Grid Modernization Efforts
Enel’s €15 billion investment program supports smart grids, EV infrastructure, and digital transformation:
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89% smart meter penetration in Europe.
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150,000+ public EV chargers deployed globally, with significant concentration in Europe and Latin America.
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Reduction in grid emissions and improved energy reliability amid growing electric demand.
Enel’s efforts contribute to grid decarbonization and improved energy access in many underserved areas.
Water and Waste Management
The company improved freshwater use efficiency by 22%, leveraging reuse systems and sustainable watershed management programs. Water withdrawals are systematically reduced in areas of high environmental stress, protecting vital ecosystems.
Waste minimization includes:
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84% waste recycling and reuse across operations.
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Near zero waste to landfill in more than 60% of operational sites.
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Reduction of hazardous waste intensity by 10% relative to energy produced.
Social Responsibility and Diversity
Social impact is a major strategic pillar:
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Gender parity efforts resulted in 45% women in the workforce and 35% representation in senior roles.
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Community investments over €350 million in health, education, and social infrastructure.
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Over 1,500 suppliers involved in sustainability capacity building and compliance audits.
Employee safety indicators improved with reductions in workplace incidents and near-miss reporting.
Transparency, Assurance, and Reporting Innovation
The comprehensive report is assured by third parties, meeting EU CSRD and international frameworks (GRI, SASB, ISSB, TCFD). Interactive data dashboards complement extensive narrative disclosures. Enel’s reporting is recognized in sustainability indices including the Dow Jones Sustainability Index (DJSI) and CDP A-list.
Key performance data is detailed over multiple years, ensuring rigorous trend analysis and material impact assessment.
Selected Quantitative Highlights (2024)
| KPI | Result/Value | Notes |
|---|---|---|
| Revenue (€bn) | 80.3 | 2024 total revenue |
| Renewable Energy Capacity (GW) | 66 | Largest global portfolio |
| GHG Emission Reduction vs 2017 (%) | 72.3 (Scope 1 & 2) | Ahead of intermediate targets |
| Scope 3 Emission Reduction (%) | 37.3 | Progress ongoing |
| Coal Capacity Reduction (%) | 35 | Five-year trend |
| Smart Meter Penetration (%) | 89 | Europe |
| Public EV Chargers (#) | 150,000+ | Global |
| Water Withdrawal Reduction (%) | 22 | Efficiency gains |
| Waste Recycling Rate (%) | 84 | Operational sites |
| Women in Workforce (%) | 45 | Gender diversity |
| Women in Senior Leadership (%) | 35 | Representation |
| Community Investment (€m) | 350+ | Social infrastructure |
Useful Reference URLs
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Enel 2024 Integrated Annual Report:
https://www.enel.com/content/dam/enel-com/documenti/investitori/informazioni-finanziarie/2024/annuali/en/integrated-annual-report_2024.pdf -
Enel Sustainability Hub:
https://www.enel.com/investors/sustainability -
ESG Data and Strategy Overview:
https://www.enel.com/content/dam/enel-com/documenti/investitori/informazioni-finanziarie/2024/esg-focus-for-investors_november2024.pdf -
Climate Policy Advocacy 2024:
https://www.enel.com/content/dam/enel-com/documenti/investitori/sostenibilita/2024/climate-policy-advocacy-report-2024.pdf
