Enel presented ‘Economic CirculAbility’ at the World Economic Forum held in Davos: it is a new key performance indicator (KPI) to measure the Group’s circularity by comparing its economic performance with its overall resource consumption. Enel has also pledged to double this index by 2030 compared to 2020 levels. By doing this, Enel becomes the world’s first company to adopt this kind of circularity index, and to set such an ambitious target. Economic CirculAbility takes into consideration the Group’s overall EBITDA (in euros) and compares it with the amount of resources, including fuels and raw materials, consumed throughout the value chain by its various business activities (expressed in tons). Enel has pledged to double its performance with regard to this KPI by 2030 as compared with 2020, which means consuming half the amount of resources in relation to generated EBITDA. The new KPI and the 2030 target were announced in Davos during a panel organized as part of the ‘Corporate Circular Target-Setting’ initiative, implemented by the ‘Platform for Accelerating Circular Economy’ (PACE), a global platform for public-private collaboration that was set up during the World Economic Forum to accelerate the transition towards a circular economy model, involving roughly 100 companies, public entities and associations. Measuring circularity has been key to implementing Enel’s circular strategy since 2015, when the Group began to realize that the circular economy could be a strategic driver. Specifically, Enel has always been a pioneering company when it comes to identifying and adopting quantitative KPIs throughout the Group, which clearly reflect the transition towards circularity in terms of separating its business activities from its resource consumption.
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