Decarbonisation

We are promoting the transition to an emissions-free energy model

We are bringing forward our conversion to a completely decarbonised company to 2040 by developing renewable energy and a commitment to the electrification of energy consumption.

Aligned with the Sustainable Development Goals

SDG 13: Climate action
SDG 7: Affordable clean energy

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Endesa is fully aware of the challenge facing our planet to curb global warming. That is why we are committed to a sustainable business model that will integrate the fight against climate change as a priority to create long-term value.

To drive the transition to an emission-free energy model we are promoting the decarbonisation of energy generation systems and, at the same time, contributing to the decarbonisation of other sectors through the electrification of energy demand.

In our 2023-2025 Strategic Plan, with an investment of 8,600 million, almost 90% of which is aligned with SDG objectives, we have reinforced this commitment to decarbonisation with an increase in investments in renewable energies and digitalisation of the grid, as well as in electrification of residential demand and sectors such as industry and transport.

By 2025, our renewables park will reach an emission-free power volume of 13,900 MW. This will mean that 91% of the peninsular generation fleet will be free of CO2 emissions by the end of 2025, with specific Scope 1 emissions of <145 gCO2e/kWh as an intermediate milestone until we reach <95 gCO2e/kWh by 2030.

Full decarbonisation by 2040

Endesa is bringing forward its conversion to a completely decarbonised company to 2040, a goal it plans to achieve without using carbon capture techniques or emissions compensation. To be a 100% renewable electricity company without links to production technologies or fuels with emissions, we will work on four main axes:

The deployment of new renewable capacity that will make all generation activity 100% emission-free.
Hybridisation of renewable installations with green hydrogen storage and production technologies.
Abandoning the coal business by 2027 and the production of electricity using gas by 2040.
Abandoning the retail gas marketing business.

Graph "Moving the Net Zero target forward to 2040".

Moving the Net Zero target forward to 2040

Scope 1 emissions (gCO2e/kWh)

2017: 443

2022 E: 216

2025: <145

2030: <95

2040: Total decarbonisation* 2050: Total decarbonisation* 2050: Total decarbonisation

2050: Total decarbonisation

*Does not include CO2 offsets

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Electrification of energy consumption

This key milestone will be accompanied by a firm commitment to the electrification of consumption.

Investments in the electricity distribution network and its digitalisation will enable us to promote the decarbonisation of the energy consumed by families, companies and public administrations through Endesa X.

We will also develop electric mobility with investments in the deployment of charging points for electric cars, which will be multiplied by four, with more than 66,000 installed by the end of 2025.

A fair energy transition

As we work to promote the change in the energy model, we are committed to contributing to ensure that the transition to an emission-free economy is fair, and we are working to mitigate the economic, environmental and social consequences that these changes may have. That is the objective of the Futur-e plans that we are promoting in the vicinities of the thermal power plants that are in the closing-down phase.

We participate in the CDP Climate Change

Since 2006, we have participated in the CDP Climate Change initiative, the most prestigious climate change index, which provides global information on the management of the risks and opportunities identified by the largest companies worldwide.

In the last edition, we achieved the highest score, at "Leadership". This excellent result is a reflection of our strong commitment to the fight against climate change. The recognition was given on the strength of the integration of climate change into business strategy, transparency when communicating it and the relationship with the value chain as refers to climate change.

Also, we adopt best practices for emissions management and set ambitious short- and long-term emission reduction targets, assessing their progress and implementing effective reduction actions.

Carbon footprint

Carbon footprint calculation is an instrument to create a detailed inventory of the greenhouse gas (GHG) emissions generated by a company.

At Endesa, we have calculated and verified the carbon footprint voluntarily since 2009. This indicator allows us to design the main climate strategies and set emission reduction targets.

In 2022 we have verified our carbon footprint for 2021, and we are in the process of registering it with the Spanish Climate Change Office to recognise our efforts of reducing our carbon footprint with the triple seal (Calculate, Reduce, Compensate). Thanks to the seal renewed last year with the 2020 carbon footprint registration, we became the first company in the energy sector to renew all three seals of the registration for the fourth consecutive year.