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Putting the Money Where the Mouth Is: Finance and Sustainable Development Goals
November 16, 2020 at 10:00 am - 12:00 pm EST
About the Program:
Companies across the world have been challenged to meet the United Nations’ 17 Sustainable Development Goals, (“SDGs”). Working towards this goal is particularly vital for businesses in the energy sector which makes a disproportionate contribution to the world’s carbon output. The Robert Zicklin Center for Corporate Integrity is pleased to present a case study of the efforts to achieve the UN’s SDGs by one of the world’s largest private electricity distributors, the Enel Group. Enel has more than 46 GW of renewable capacity worldwide, and has the largest retail customer base, supplying 70 million clients around the Globe.
Enel has centered its strategy around the achievement of SDGs across all of its activities, with SDG 13 on Climate Action as the cornerstone of the strategy. The Group engages in Decarbonisation of both production and consumption, while pursuing Electrification of end users to tackle climate change as well as providing access to affordable and clean energy, in line with SDG 7. Key enablers of decarbonisation and electrification are Infrastructures and Networks, in line with SDG 9 on Industry, Innovation and Infrastructure as well as Ecosystems and Platforms, in line with SDG 11 on Sustainable Cities and Communities.
Over the years, Enel has been a leading player in sustainable finance, and has led key innovation over recent years. Enel’s SDG-Linked Bonds issued in September 2019 marked the beginning of the Sustainability-Linked Bond Market. In October this year Enel, published a new “Sustainability-Linked Financing Framework”, which establishes a comprehensive guidance on the Group’s use of Sustainability-Linked instruments, across multiple funding solutions (commercial papers, loans and bonds). First of its kind, the document strengthens Enel’s commitments towards the achievement of the SDGs, by setting out clear Key Performance Indicators and ambitious Targets that will be linked to the Group’s sustainable finance strategy.
NICOLE DELLA VEDOVA: Head of Corporate Finance, Finance and Insurance
GIOVANNI NIERO: Sustainable Finance and Capital Markets, Finance and Insurance
GUSTAVO SANCHEZ: Corporate Finance New York Office, Finance and Insurance
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