Italy’s energy group Enel has recently announced plans to invest €190bn between 2021 and 2030 to further decarbonise its business, improve the resilience of its network and connect more consumers to smart readers. After issuing a pioneering $1.5bn bond linked to the UN Sustainable Development Goals (SDGs) in 2019, Enel released its first integrated report in 2020, merging its financial disclosures with information related to environmental, social and governance (ESG) factors.
“We want to innovate in [every] field related to sustainability,” says Alberto De Paoli, chief financial officer (CFO) of Enel and co-chair of the UN Global Compact’s CFO Taskforce, which aims to promote sustainable corporate finance and investments. He spoke to The Banker about the need to change business models, innovate and better understand ESG risks to move to stakeholder capitalism.
