Enel Capex and Financial Guidance
Advocacy for Climate
Direct
advocacy
Enel is committed to ensuring that its advocacy activities
are conducted in line with the Paris Agreement
Enel's positioning on key climate related issues is reflected by its
direct advocacy activities with the EU and other governmental
authorities. Among other things, Enel:
> promotes greater ambition in the implementation of the
Transparency Governance Framework,
promotes climate ambition in line with the Paris Agreement,
has strongly promoted carbon pricing in the form of both
carbon tax and emissions trading,
> supports the European Green Deal, the REPower EU and
the US Inflation Reduction Act (IRA),
has welcomed the publication of the hydrogen and gas
market decarbonization package,
is actively promoting e-mobility,
fully supports the European building renovation Strategy,
> has involved various stakeholders in the European
Commission's New Circular Economy Action Plan
enel
Indirect
advocacy
> Enel discloses the list of all the main associations it
collaborates with on climate related issues and their level of
alignment with the Paris Agreement¹.
> Enel systematically verifies that the positions of such associations
are consistent with the Paris Agreement and the Group's
climate policies:
> before joining the association, through an in-depth analysis of
the body's by-laws;
> after joining the association, contributing to its work and/or
promoting the Enel Group's position within working groups.
In case the level of alignment with the Paris Agreement for an
association result to be "low":
> Enel raises the issue within the association and initiates an in-
depth discussion with the aim of improving the alignment;
> If the assessment is "low" for two consecutive years, the CEO
will assess possible counteractions which may also include
the decision for Enel to leave the association.
1. The assessment is carried out on the basis of six main dimensions: Climate Science, Climate Policy, Carbon Pricing Climate Policies, Non Carbon Pricing Climate Policy, 161
Communication, Energy Transition & Zero Carbon Technologies. The alignment of the association to the Paris Agreement can be: high, medium/high, medium, medium/low, low.View entire presentation