Endesa, a Spanish electric utility company, has set ambitious net-zero targets as part of its commitment to reducing greenhouse gas (GHG) emissions. The company views sustainability as a crucial guiding element for its business strategy, aligning with the United Nations Sustainable Development Goals. In 2021, Endesa expedited its decarbonization plans, advancing the ambitious goal of achieving net-zero emissions in its activities to 2040, thereby transitioning into a 100% renewable company. The recently unveiled 2023-2025 Strategic Plan incorporates these objectives and accelerates the trajectory toward zero emissions.

In terms of carbon emissions and GHG emissions, Endesa has released its greenhouse gas (GHG) emission data for the year 2022, accompanied by targeted objectives for 2025 and 2040. In terms of specific GHG emissions for Scope 1, emissions (gCO2eq/kWh) recorded 205 in 2022, with the goal to be below 145 by 2025 and reaching zero by 2040. Similarly, specific Scope 1&3 GHG emissions, encompassing generation and purchases from third parties (gCO2eq/kWh), amounted to 213 in 2022, aiming to be below 140 by 2025 and achieving zero by 2040. Additionally, GHG emissions for Scope 3, pertaining to Gas retail to end customer1 (MtCO2eq), stood at 14.2 in 2022, with targets to decrease to 10.7 by 2025 and reaching zero by 2040.

Endesa has taken several steps to reduce emissions and is expected to continue doing so in the future. The company has invested in the digitalization of assets, clients, and its workforce, with a significant investment of €1,400 million planned for the 2023-2025 period. It is also focusing on sustainable finance, aiming to have 87% of its gross debt linked to sustainable aspects by 2025.

The company has set targets and initiatives related to circular economy, responsible management of taxi use, promotion of electric vehicles and e-mobility, and reduction of waste and single-use plastics. Endesa is also committed to biodiversity protection, waste management, responsible use of water, and responsible supply chain practices.

In terms of energy transition, the company plans to invest in digitalization in power generation assets and increase its renewable energy production capacity. It aims to have a high efficiency rate in its renewable energy plants and reduce the installed fossil thermal capacity. Endesa is also aligning its capital expenditure (CAPEX) with the EU Taxonomy and the Sustainable Development Goals (SDGs).

Overall, Endesa is taking significant steps to reduce its emissions and achieve its net-zero targets. The company is investing in digitalization, sustainable finance, renewable energy, and responsible practices across its operations. By implementing these measures, Endesa is demonstrating its commitment to addressing climate change and contributing to a more sustainable future.

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