As a signatory of the "Business Ambition for 1.5⁰C" campaign promoted by the United Nations and other institutions, the Enel Group is committed to establishing a long-term goal to achieve net-zero emissions throughout the value chain by 2050, in line with the criteria and recommendations by the Science Based Targets initiative (SBTi). As a result, Enel announced a new target in October 2020 for an 80% reduction in its direct greenhouse gas emissions per kWheq by 2030, compared to a 2017 base year. The updated commitment entails reducing the Group's direct 2030 emissions to 82 gCO2eq/kW from 125 gCO2eq/kWh, which corresponds to the previous 70% target announced in September 2019.
Fully aware of this challenge, Enel Américas has developed a business model in line with the goals of the Paris Agreement to keep the average increase in global temperature below 2°C compared with pre-industrial levels and to further limit this increase to 1.5°C, in line with the Enel Group's strategy and commitments.
To guarantee more transparent communication and relationships with stakeholders, Enel Américas reports on its operational activities in line with international standards such as GRI (Global Reporting Initiative) and follows the guidelines of the Enel Group, which reports SASB indicators as well as the impact of climate risks according to the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
For further information, review the Sustainability Report 2020.
Enel Américas follows the Enel Group Biodiversity Policy, approved by the Board of Directors, which identifies six practices to be implemented in its activities. These practices contribute to and are aligned with the standards and international principles of the UN Convention on Biological Diversity (CBD), the 2011 – 2020 Strategic Plan for Biodiversity, and the Aichi Biodiversity Targets included in the CBD, as well as other national and international biodiversity strategies.
With this policy, the Company promotes respect for the "no net loss" principle of biodiversity through sound project planning and preventive environmental assessment, avoiding, reducing and/or compensating for negative impacts on natural species and habitats that are significant due to their protection category, representativeness indices, and/or ecosystem value. The Company identifies and assesses biodiversity and ecosystem services in the areas where it operates in conjunction with local communities, academic institutions, and NGOs. From this, restoration, conservation, and monitoring projects are proposed and developed.
Enel Américas is committed to maintaining biodiversity management aligned with the best practices in the country where it operates. Therefore, prior to any environmental intervention necessary to expand, renovate, or maintain the energy distribution system, authorization is requested from the relevant environmental agency in every country.
Read more about this in Biodiversity Policy