Enel is one of the companies participating in the United Nations Climate Action Summit 2019, the UN’s most important global event on climate change, gathering corporate as well as policy leaders to address this challenge, also by pushing for the transformation of economies in line with the UN Sustainable Development Goals (SDGs), the company announced.
The Summit, which is the first event of its kind to be convened by UN Secretary-General Antonio Guterres, will focus on a set of action areas, including the energy transition, climate finance and carbon pricing, as well as infrastructure and cities, to boost ambition and accelerate action to implement the goals of the 2015 Paris Agreement.
Enel will play a major role at the Summit within the global business community, due to its accomplishments in sustainability, decarbonisation and innovative financing schemes towards the achievement of SDGs.
“Climate change can be tackled today. The technologies and solutions are there, the financial community’s interest to push in that direction is also growing. We only need now the willingness and clarity of thought required to speed up the transition to a sustainable and decarbonised economy. Global events such as the UN Climate Summit are paramount in enabling governments to collectively take on the most demanding challenge of our time,” said Francesco Starace, Enel’s CEO and General Manager.
“The business environment is expected to show determination and courage in taking difficult yet unavoidable choices linking sustainability to value creation. Enel’s strategy incorporates the achievement of SDGs within the company’s business model, and this full integration has contributed to Group growth as well as to the reduction of its risk profile. Today, we are the largest private operator of renewables and networks worldwide, as well as the largest European company by market capitalisation. Furthermore, our commitment to the achievement of SDGs allowed us to become a leading sustainable finance innovator through Enel’s recent launch of the first-ever SDG-linked Bond Programme. Sustainability and decarbonisation will continue to drive our growth as we move forward towards the accomplishment of our ambitious targets to reduce direct greenhouse gas emissions by 70% by 2030 and achieving full decarbonisation by 2050.”