Climate Policy Engagement Analysis
Climate Policy Engagement Overview: Enel is strategically engaged on various EU, Australian and US climate change policy streams with predominantly positive positions. The company is generally supportive of the energy transition, in particular the expansion of renewable energy and green hydrogen.
Top-line Messaging on Climate Policy: Enel’s top-line messaging on climate policy is positive. The company supported greenhouse gas (GHG) emissions reductions in line with limiting global warming to 1.5°C in its 2024 Annual Report, published in May 2025. In its 2023 Sustainability Report, published in April 2024, the company also strongly supported the Paris Agreement goals and advocated for greater ambition. Enel also supported the implementation of the EU's Clean Industrial Deal while emphasizing its commitment to the EU's climate ambition in a May 2025 meeting with cabinet members of Executive Vice-President Stéphane Séjourné.
Engagement with Climate-Related Regulations: Enel is supportive of multiple climate-related policies in the EU, US, and Australia.
Enel is strongly supportive of EU carbon pricing policies. The company supported reforms to the EU Emissions Trading System’s free allocation rules in a January 2024 consultation response. In its 2023 Sustainability Report, published in April 2024, the company also advocated for introducing an emissions trading scheme in Brazil, but with the possibility of using carbon credits.
Enel also supports energy efficiency policy, for instance in its 2023 Sustainability Report, published in April 2024, the company stated its support for the EU's revisions of the Energy Efficiency Directive and the Energy Performance of Buildings Directive. Enel also advocated for Australia's Electricity and Energy Sector Plan to support demand response and demand flexibility measures in an April 2024 regulatory submission.
Furthermore, Enel broadly supported renewable hydrogen and renewable energy policies. For example, the company supported measures to increase the uptake of renewable power purchase agreements in the EU’s Electricity Market Design in its 2024 EU Elections Manifesto, published in May 2024. In the US, Enel supported renewable energy legislation in Illinois and Michigan that enables the approval of renewable energy projects, according to its 2023 Climate Policy Advocacy Report, published in April 2024. In Australia, the company also supported the proposed design of the Australian Capacity Investment Scheme, including the proposal to allow demand response resources to participate in future tenders in a March 2024 submission. In its 2023 Climate Policy Advocacy Report, published in April 2024, Enel supported India's Renewable Purchase Obligation and Plan for Transmission System for Integration to increase the deployment of renewable energy.
Positioning on Energy Transition: Enel generally supports the transition of the energy mix, including the electrification of transport. The company supported the need to phase out fossil fuels in a June 2024 joint statement. Enel also advocated for transitioning to renewable energy, setting targets for electrification up to 2040, and supported hydrogen produced using additional renewable energy in its 2024 EU Elections Manifesto, published in May 2024. The company strongly supported the transition of corporate fleets to zero emissions vehicles, including supporting mandatory targets for corporate fleets enforced through penalties and a 2035 phase-out of internal combustion engine powered cars and vans in July 2024 regulatory feedback to the EU Greening Corporate Fleets Initiative. In October 2024 regulatory comments, Enel supported the EU Hydrogen and Gas Decarbonization Package Delegated Act on the definition of low-carbon hydrogen, promoting a robust definition that takes into account full lifecycle emissions, excludes carbon offsets, introduces leakage monitoring and strict performance standards for carbon capture and storage. Finally, the company also supported the electrification of transportation in Colombia in November 2024 regulatory comments.
Industry Association Governance: Enel published a review of its industry associations in April 2025. However, the company's disclosure does not appear to provide an account for 5 industry associations, including the Energy Efficiency Council. Its industry associations 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 with active, positive engagement on climate policy. These include influential roles on the board of the International Emissions Trading Association, SolarPower Europe, WindEurope, and SmartEn.
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 Q3 2025.
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.