We have expanded the list of climate policies we assess company engagement with to incorporate land-use related policy, referring to legislative or regulatory measures to enhance and protect ecosystems and land where carbon is being stored. Assessments under this category are currently underweighted in terms of their contribution to the overall company metrics. This weighting will be progressively increased over the next 6 months.
We adjusted the terminology used to describe the queries running down the left-hand side of our scoring matrix and added additional explanatory text to the info-boxes. This has no impact on the scores and methodology. It has been done following user feedback to improve clarity.
InfluenceMap Data Point on Corporate - Influencer Relationship
A Senior Executive of Enel is the President of SolarPower Europe (Updated May 2023)
Aristotelis Chantavas
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
A Senior Executive of Enel was a Vice-President of SolarPower Europe
Riccardo Amoroso
InfluenceMap Data Point on Corporate - Influencer Relationship
A Senior Executive of Enel is the President of SolarPower Europe (Updated May 2023)
Aristotelis Chantavas
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
A Senior Executive of Enel was a Vice-President of SolarPower Europe
Riccardo Amoroso
InfluenceMap Data Point on Corporate - Influencer Relationship
A senior executive of Enel is on the board of directors of Eurelectric (Updated May 2023)
Simone Mori
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
Enel is a member of Eurelectric and participates in the Electrification and Sustainability Committee or the Sustainability Working Group (according to 2021 sustainability report, correct as of July 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
The Head of Sustainability Italy in Enel is vice Chair of the sustainability working group at Eurelectric
Filippo Rodriguez
InfluenceMap Data Point on Corporate - Influencer Relationship
Enel is an indirect member of Eurelectric through Elettricita Futura
InfluenceMap Data Point on Corporate - Influencer Relationship
Enel is a member of Eurelectric
InfluenceMap Data Point on Corporate - Influencer Relationship
Chief Executive of Enel was previously President of Eurelectric (2017)
Francesco Starace
InfluenceMap Data Point on Corporate - Influencer Relationship
A senior executive of Enel is on the board of directors of Eurelectric (Updated May 2023)
Simone Mori
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
Enel is a member of Eurelectric and participates in the Electrification and Sustainability Committee or the Sustainability Working Group (according to 2021 sustainability report, correct as of July 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
The Head of Sustainability Italy in Enel is vice Chair of the sustainability working group at Eurelectric
Filippo Rodriguez
InfluenceMap Data Point on Corporate - Influencer Relationship
Enel is an indirect member of Eurelectric through Elettricita Futura
InfluenceMap Data Point on Corporate - Influencer Relationship
Enel is a member of Eurelectric
InfluenceMap Data Point on Corporate - Influencer Relationship
Chief Executive of Enel was previously President of Eurelectric (2017)
Francesco Starace
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Senior Executive of Enel Green Power North America holds executive role, on board of directors and participates in climate-related discussions (Updated May 2023)
Paolo Romanacci, Head of North America
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Senior Executive of Enel Green Power North America holds executive role, on board of directors and participates in climate-related discussions (Updated May 2023)
Paolo Romanacci, Head of North America
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
Daniele Andreoli, Head of Optimization and Flexibility Solutions at Enel X, serves as Vice Chair on the Board of Directors, and Enel contributed to SmartEn positions on the EU 'Fit for 55' package (Updated May 2023)
Daniele Andreoli
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
Daniele Andreoli, Head of Optimization and Flexibility Solutions at Enel X, serves as Vice Chair on the Board of Directors, and Enel contributed to SmartEn positions on the EU 'Fit for 55' package (Updated May 2023)
Daniele Andreoli
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
Enel is a key member of the Clean Energy Council with a presence in climate working groups (Updated May 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
Enel Green Power - a subsidiary of Enel Group - is one of over 100 direct members.
InfluenceMap Data Point on Corporate - Influencer Relationship
Enel is a key member of the Clean Energy Council with a presence in climate working groups (Updated May 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
Enel Green Power - a subsidiary of Enel Group - is one of over 100 direct members.
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
The Head of Legal and Corporate Affairs of Enel North America serves on the AEE Board of Directors, however Enel has stated AEE's level of alignment with the Paris Agreement was “medium/high”, thereby its relationship strength to the association has been reduced by 1 (Updated May 2023)
Megan Beauregard
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Enel is on the leadership council of AEE (Correct as of Jan 2021)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
The Head of Legal and Corporate Affairs of Enel North America serves on the AEE Board of Directors, however Enel has stated AEE's level of alignment with the Paris Agreement was “medium/high”, thereby its relationship strength to the association has been reduced by 1 (Updated May 2023)
Megan Beauregard
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Enel is on the leadership council of AEE (Correct as of Jan 2021)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Enel is a member of Confindustria and participates in several working groups on climate policy, however Enel has stated Confindustria's level of alignment with the Paris Agreement was “medium/high”, thereby its relationship strength to the association has been reduced by 1 (Updated May 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Head of Associations and Stakeholders for Enel Italy is President of the Confindustria Emilia Energy chain for the four-year period 2018-2022 (Correct as of Dec 2021)
Claudio Fiorentini
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Chief Executive Officer and General Manager of Enel is a member of the Advisory Board Confindustria (2016, May) and member of the General Council (2015, May)
Francesco Starace
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Enel is a member of Confindustria and participates in several working groups on climate policy, however Enel has stated Confindustria's level of alignment with the Paris Agreement was “medium/high”, thereby its relationship strength to the association has been reduced by 1 (Updated May 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Head of Associations and Stakeholders for Enel Italy is President of the Confindustria Emilia Energy chain for the four-year period 2018-2022 (Correct as of Dec 2021)
Claudio Fiorentini
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Chief Executive Officer and General Manager of Enel is a member of the Advisory Board Confindustria (2016, May) and member of the General Council (2015, May)
Francesco Starace
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
A Senior Executive holds executive role on IETA Board, however Enel has stated IETA's level of alignment with the Paris Agreement was “medium/high”, thereby its relationship strength to the association has been reduced by 1 (Updated May 2023)
Daniele Agostini
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
A Senior Executive holds executive role on IETA Board, however Enel has stated IETA's level of alignment with the Paris Agreement was “medium/high”, thereby its relationship strength to the association has been reduced by 1 (Updated May 2023)
Daniele Agostini
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
Enel North America is a member of EEI and participates in climate-related discussions, however Enel has stated EEI's level of alignment with the Paris Agreement was “medium”, thereby its relationship strength to the association has been reduced by 1 (Updated May 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
Enel North America is a member of EEI and participates in climate-related discussions, however Enel has stated EEI's level of alignment with the Paris Agreement was “medium”, thereby its relationship strength to the association has been reduced by 1 (Updated May 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Enel North America serves on the ZETA Board of Directors and is a member of ZETA (Updated May 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Enel North America serves on the ZETA Board of Directors and is a member of ZETA (Updated May 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Endesa, a subsidiary of Enel, is a member of CEOE, and Enel has stated CEOE's level of alignment with the Paris Agreement was “medium/high”, thereby its relationship strength to the association has been reduced by 1 (Updated May 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Endesa, a subsidiary of Enel, is a member of CEOE, and Enel has stated CEOE's level of alignment with the Paris Agreement was “medium/high”, thereby its relationship strength to the association has been reduced by 1 (Updated May 2023)
not specified
--no extract--
In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.
Open PDF file of Data Source
Climate Lobbying Overview: Enel is strategically engaged on various EU climate change policy streams, with predominantly positive lobbying positions. The company is generally supportive of the energy transition, in particular the expansion of renewable energy and advocacy for green hydrogen.
Top-line Messaging on Climate Policy: Enel’s top-line messaging on climate policy is positive. The company stated support for the EU’s Climate Law, which sets a carbon neutrality target for 2050, in its 2021 Sustainability Report published in April 2022. Enel North America similarly welcomed the passing of the US Inflation Reduction Act in a blog post in December 2022. In a November 2022 joint letter, the organization supported higher National Determined Contribution ambition ahead of COP27.
Engagement with Climate-Related Regulations: Enel is strongly supportive of EU and US climate regulation. The company strongly supported the EU Emissions Trading Scheme (EU ETS) reform, calling for the Linear Reduction Factor to be increased, the Market Stability Reserve to be strengthened, and the scheme to be extended into the transport and buildings sector in a November 2021 EU public consultation response. In another November 2021 EU public consultation response, the company supported the EU's Carbon Border Adjustment Mechanism, advocating to include the hydrogen sector, and supported the EU Commission’s proposed phase out of the free allocation of emissions allowances over a ten-year period from 2026-2035. Outside Europe, Enel has also supported emissions trading policy, for example, in a January 2022 letter to the Virginia General Assembly, the company supported the Regional Greenhouse Gas Initiative in Virginia.
The company advocated for stronger energy efficiency standards and supported the Virginia Clean Cars vehicle fuel economy standards in a January 2022 letter to the Virginia General Assembly. Enel has consistently supported the phase-out of fossil fuels in buildings, and advocated for the use of energy efficiency legislation to implement phase-out of the sale of 'stand-alone' fossil fuel boilers before 2029 in an October 2022 open letter. In its 2022 Sustainability Report, Enel stated that it supports the revisions of the EU Energy Performance of Buildings Directive and Energy Efficiency Directive. The company advocated for an expansion of measures to accelerate the deployment of renewable energy in an open letter to the Czech Presidency of the EU Council in November 2022. In a December 2022 joint statement, the company advocated for only renewable hydrogen to be included in the scope of the Renewable Energy Directive. However, in its 2022 Sustainability Report, it also called for a technology-neutral approach to ‘fully sustainable technologies’. In the US, Enel welcomed the clean energy tax credits under the Inflation Reduction Act, describing the policy as “transformative” in a December 2022 blog post. In December 2022 comments to the US Treasury, Enel advocated that US hydrogen incentives should require additional renewable energy. In its 2022 Sustainability Report, published in April 2023, Enel supported the EU's 2030 GHG emission reduction target and its delivery via the Effort Sharing Regulation.
Positioning on Energy Transition: Enel generally supports the transition of the energy mix. In a May 2022 interview with CNBC, the CEO advocated for new re-gasification infrastructure in Europe, but maintained that the bulk of infrastructure spending should be on renewable energy and phasing out fossil fuels. In an October 2022 interview with Italian wire ANSA, the CEO advocated for Italy to transition from gas with renewable energy and energy storage. In May 2022 feedback to the EU Commission on the EU’s Hydrogen and Gas Decarbonization Package, the company advocated against blending fossil gas and hydrogen on the basis that renewable hydrogen should be used in only hard-to-abate sectors, and supported the phase out of unabated fossil gas.
Industry Association Governance: In its 2022 Sustainability Report, Enel disclosed a review of its industry association memberships providing some transparency around its indirect influence, but has not fully met investor expectations. A detailed assessment of the company's industry association review can be found on our CA100+ platform here. The review stated ‘medium/high’ alignment with Confindustria and Confederación Española de Organizaciones Empresariales (CEOE) which take largely unsupportive positions on climate change policy. The company is also a member of numerous industry associations which actively and positively engage on climate change. These include influential roles on the board of the International Emissions Trading Association (IETA), SolarPower Europe, Wind Europe, and SmartEn. Enel’s 2022 CDP disclosure excludes some of its key industry associations, including CEOE.
InfluenceMap collects and assesses evidence of corporate climate policy engagement on a weekly basis, depending on the availability of information from each specific data source (for more information see our methodology). While this analysis flows through to the company’s scores each week, the summary above is updated periodically. This summary was last updated in Q1 2023.
A detailed assessment of the company's corporate review on climate policy engagement can be found on InfluenceMap's CA100+ Investor Hub here.
Additional Note: The government of Italy owns 23.59% of Enel. It is likely that Enel retains channels of direct and private engagement with Italian officials that InfluenceMap is unable to assess. As this is not publicly available information, it is not reflected in Enel's engagement intensity metric.