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| Overall Assessment |
Comment |
Score |
| Comprehensive |
Enel SpA has demonstrated a comprehensive level of transparency in disclosing its climate lobbying activities. The company has clearly identified multiple specific climate policies it has engaged with, including the revision of the EU Renewable Energy Directive (RED), the EU Emissions Trading System (EU ETS) and its reform, the EU Taxonomy Regulation, the European Green Deal, and the EU Methane Strategy. It provides detailed context for each policy, such as objectives, mechanisms, and its alignment with broader climate goals like the Paris Agreement. Enel has also disclosed its lobbying mechanisms, which include direct engagement through public consultation processes and indirect engagement via trade associations like Eurelectric. The company identifies specific policymaking targets, such as the European Commission, the European Parliament, and the European Council, and provides a public list of meetings with EU Commissioners and other officials. Furthermore, Enel has been transparent about the specific policy outcomes it seeks, such as advocating for long-term predictability for investors, streamlined permitting procedures, and a technology-neutral approach. It supports reforms to the ETS, including reducing emissions by 62% by 2030, extending the ETS to new activities, and adopting the Carbon Border Adjustment Mechanism to reduce carbon leakage risks. Additionally, it emphasizes the importance of electrification, renewable hydrogen, and a new industrial strategy to achieve climate neutrality. This level of detail and clarity illustrates Enel's comprehensive approach to disclosing its climate lobbying efforts and objectives.
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| Overall Assessment |
Comment |
Score |
| Comprehensive |
Enel demonstrates a comprehensive governance process for climate lobbying alignment, both direct and indirect, with clear oversight structures and monitoring mechanisms. The company explicitly states that it is "committed to ensuring that its direct and indirect advocacy activities are conducted in line with the objectives of the Paris Agreement and thus, with our own objectives." Enel's advocacy policy is designed to "promote Enel's decarbonization strategy and pursuit of climate goals," involving a wide range of stakeholders, including "institutional stakeholders, trade associations, non-governmental organizations and academia." The governance process is overseen by the European Affairs unit, which "is responsible for developing global scenarios and position papers on climate policies" and guiding "Enel's national and local advocacy activities." This unit ensures worldwide coordination of Enel's public policy positioning on climate through continuous dialogue with institutions and stakeholders. Additionally, Enel systematically verifies the alignment of industry associations and other bodies with its climate policies. This verification process includes "an in-depth analysis of the body's by-laws" before joining and "actively contributing to its work and/or taking positions of responsibility within it" after joining. Furthermore, Enel conducts "a review of the level of alignment of the associations with Enel's strategy" annually, ensuring ongoing compliance with its climate goals. This indicates a robust governance framework that encompasses direct and indirect lobbying activities, with clear monitoring mechanisms and accountability structures in place.
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4
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