Carbon Footprint — Operations: How does Enel S.p.A. score?

Enel publishes comprehensive GHG inventories annually using GHG Protocol methodology with third-party limited assurance. The ESG Focus for Investors (Dec 2025) reports Scope 2 market-based emissions of 4.5 MtCO2eq for 2023 and granular breakdowns. The 2024 GHG Inventory PDF is publicly available. Multi-year tracking with declining trend from 2017 baseline. Scope 1 emissions from power generation are core to business and well-tracked via carbon intensity (78 gCO2/kWh in 2024).

Carbon Footprint — Supply Chain: How does Enel S.p.A. score?

Enel quantifies Scope 3 emissions across its value chain. Total absolute emissions (market-based, all scopes) were ~71 MtCO2eq in 2024, down from ~130 MtCO2eq in 2022. The 2030 SBTi target covers specific supply chain categories accounting for 40% of supplier emissions in 2017, expanding to 54% for the 2040 target. Supplier engagement programmes are in place. However, only 1 out of 15 Scope 3 categories is covered by the value chain target according to Tracenable, indicating incomplete supply ch

Emissions Trajectory: How does Enel S.p.A. score?

Absolute emissions are demonstrably declining: total (market-based) fell from ~130 MtCO2eq (2022) to ~96 MtCO2eq (2023) to ~71 MtCO2eq (2024), a 45% reduction in two years. The Scope 1+3 target path shows 23.1 MtCO2eq (2017) to 10.6 MtCO2eq (2024), a 54% absolute reduction. Climate Action 100+ confirms Scope 1&2 have decreased over both 1 and 3-year periods. However, Enel missed its 2023 SLB emissions intensity target, triggering coupon step-ups on ten bonds. Renewable buildout targets have been

Energy Source: How does Enel S.p.A. score?

Enel's zero-emission generation exceeded 83% in Q1 2024, and the share of zero-emissions generation is planned to reach 86% by 2026. Renewables accounted for approximately 60% of net electricity generation in 2023, with 68% of installed capacity being renewable (55.5 GW out of ~82 GW total). Coal generation has declined significantly (5.2% of production in 2023, down from 8.7% in 2022). Enel is investing €12.1B in renewables for 2024-2026. However, the company still operates significant gas-fire

Nature & Biodiversity Impact: How does Enel S.p.A. score?

Enel is a TNFD early adopter and has conducted TNFD LEAP assessments using GIS mapping of all assets across 28 countries with IUCN IBAT tools. The company has a Biodiversity Policy following the Mitigation Hierarchy and has committed to No Net Loss (NNL) of biodiversity for new infrastructure in high biodiversity areas from 2025, and No Net Deforestation by 2030. It has a demonstrated pilot (200 MW Guayepo III solar plant in Colombia with compensation area more than double calculated need). Doub

Resource Use & Waste: How does Enel S.p.A. score?

Enel identifies circular economy as a material topic and reports on waste management (hazardous and non-hazardous). The 2024-2026 Strategic Plan includes circular economy principles in renewable energy facility design. The North America sustainability review covers circular economy and waste topics. However, specific quantified circular targets, verified waste reduction metrics, and comprehensive closed-loop systems are not well-evidenced from the data reviewed. The company's material footprint

Water Impact: How does Enel S.p.A. score?

Enel reports detailed water data: total water withdrawal of 43.4 kML in 2024, down 43% from the prior year. Water consumption was 30.9 kML in 2023. The share of withdrawal in water-stressed areas decreased from 28.4% (2022) to 23.3% (2023) to 19.3% (2024). Specific water requirements decreased from 0.27 l/kWh (2022) to 0.21 l/kWh (2024). Breakdowns by source (58.8% surface, 26.9% sea, 10.6% ground) and by process (56.7% thermoelectric, 42.2% nuclear) are provided. As a utility with thermal and n

Targets & Commitments: How does Enel S.p.A. score?

Enel has SBTi-validated near-term targets (1.5°C aligned for Scope 1, certified since 2020) and a net-zero by 2040 target across all scopes. The 2030 target is 10.4 MtCO2e Scope 1+3, representing a 55% reduction vs 2017 baseline. The 2040 target is <2.5 MtCO2e (-90% vs 2017). However, IEEFA notes the company has weakened near-term ambitions (2026 target showing only 3.8% reduction from 2025), scaled back renewable capacity share targets, and relies on intensity-based targets for SLBs. The missed

Transparency & Accountability: How does Enel S.p.A. score?

Enel publishes an Integrated Annual Report, Sustainability Report, GHG Inventory, Climate Policy Advocacy Report, Green Bond Report, and ESG Focus for Investors — all annually. Board oversight of sustainability is documented, with the Corporate Governance and Sustainability Committee. CEO Long-Term Incentive Plan includes 15% weighting on GHG emissions intensity reduction. TCFD/CSRD disclosure is in place. InfluenceMap confirms Enel's disclosure is 'complete and accurate.' The company is a Clima

Controversies & Red Flags: How does Enel S.p.A. score?

Starting at 8. Enel missed its 2023 SLB emissions intensity target (148 gCO2/kWh), triggering coupon step-ups on ten bonds — a notable failure to meet self-set targets (-1). IEEFA criticism that near-term targets have been weakened and renewable ambitions scaled back is a credible concern but not a regulatory action. On lobbying: InfluenceMap rates Enel on the A-List for climate policy engagement with 'predominantly positive positions.' Enel published a Climate Policy Advocacy Report and is a me

Enel S.p.A. Sustainability Score: 38/100

Q: Transparency & Accountability: How does Enel S.p.A. score?

Enel publishes an Integrated Annual Report, Sustainability Report, GHG Inventory, Climate Policy Advocacy Report, Green Bond Report, and ESG Focus for Investors — all annually. Board oversight of sustainability is documented, with the Corporate Governance and Sustainability Committee. CEO Long-Term Incentive Plan includes 15% weighting on GHG emissions intensity reduction. TCFD/CSRD disclosure is in place. InfluenceMap confirms Enel's disclosure is 'complete and accurate.' The company is a Clima

Q: Controversies & Red Flags: How does Enel S.p.A. score?

Starting at 8. Enel missed its 2023 SLB emissions intensity target (148 gCO2/kWh), triggering coupon step-ups on ten bonds — a notable failure to meet self-set targets (-1). IEEFA criticism that near-term targets have been weakened and renewable ambitions scaled back is a credible concern but not a regulatory action. On lobbying: InfluenceMap rates Enel on the A-List for climate policy engagement with 'predominantly positive positions.' Enel published a Climate Policy Advocacy Report and is a me

Recently scored: Dentsu, Omnicom, Publicis Groupe, WPP

507 companies scored·4 score updates this week

Enel S.p.A.·Energy Supply / Utilities·Rome, Italy·Founded 1962·Last verified 21 April 2026

out of 100

Below expectationsPending Review

Enel reports comprehensive climate data and has achieved substantial absolute emissions cuts (45% in two years), but the company missed its 2023 sustainability-linked bond target, scaled back renewable ambitions, and covers only 1 of 15 Scope 3 categories. Strong disclosure masks weakening near-term targets and unresolved supply chain gaps.

No challenges currently filed

The calculation

Every score shows its working.

Same formula for every company. No curve. No private weighting.

SINK = (0.3 × Base + 0.7 × Performance) × Scale

Industry base impact

Energy Supply / Utilities sector ceiling.

55 / 100

Performance score

Sum of the 10 rubric questions, scored 0–10 each.

68 / 100

Raw score

Weighted average before scale penalty.

(0.3 × 55) + (0.7 × 68) = 64.1

Scale penalty

Multiplier based on absolute emissions volume — physics-first.

× 0.6

Final score

Rounded. Below expectations.

38 / 100

The ten questions

Where Enel S.p.A. is strong, and where it isn't.

Strongest on Carbon Footprint — Operations and Transparency & Accountability (8/10, 8/10). Weakest on Resource Use & Waste and Water Impact (5/10, 6/10).

Where the evidence comes from

Every document used, listed.

17 sources used in this assessment. All publicly available. Each row shows which rubric questions it informed.

[1]Self-reported

ESG Focus for Investors (December 2025)

2025

Q1Q2Q3Q7Q8

Every score shows its working.

Where Enel S.p.A. is strong, and where it isn't.

Every document used, listed.

Where Enel S.p.A. sits among energy supply / utilities peers.

Enel S.p.A.'s score over time.

This score is not currently being contested.

Related companies worth a look.

We'll let you know when the score moves.

Which companies moved this week, and why.