Electrification of demand
In terms of the electrification of demand, in our Strategic Plan, we set out to ramp up the efforts that we have been making for years. Endesa X, our subsidiary set up to decarbonise energy uses in homes, companies, industries and public administrations, in playing a key role in this objective.
Endesa X, a leader in Spain's network of electric vehicle charging points, plans to have installed 56,000 public and private charging points by the end of 2023, adding to the 8,000 already existing at the end of 2020. Electrification of demand through Endesa X will get a strong impetus with the expected 42% increase in advanced home service contracts (E-home contracts) to 2.7 million.
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, "A", 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 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 2020, we confirmed our 2019 carbon footprint and recorded it with the Spanish Office of Climate Change. This body has recognised our effort in reducing carbon footprint with the triple seal (I calculate, reduce, offset). We are the first company in the Spanish energy sector to renew these three Carbon Footprint register seals for the third consecutive year.