Electrification
Francesco Starace is the CEO of Enel Group CEO. Moderator Lawrence Jones is SVP for International Programs at EEI.
Enel Group is a behemoth. Its size belies its humble beginnings in 1962 as Italy's national entity for electricity, which was state-owned. When the Italian electricity market was liberalized, it became a private company with a focus on the production, distribution, and supply of energy. First in Italy and then in twenty-nine countries, enjoy these excerpts at the Edison Electric Institute's 7th Annual Global Electrification Forum from the Global Circuit Exchange with Enel Group CEO Francesco Starace, and EEI SVP International Programs Lawrence Jones.
Moderator Lawrence Jones: I want to talk about Enel's sustainability business model. What does the circular economy mean for you?
Enel CEO Francesco Starace: It has to do with time. There is a word that is never used in the context of sustainability, which is time. Why is time important? Because you need to understand how long you want to be around.
We as individuals want to be around forever. But companies sometimes have a short life and there's nothing wrong with setting up a company that might close its doors.
Sustainability for us is how long we can prosper in the long term. What practices are in the direction we call sustainable, and what practices are not aligned; we call unsustainable. It is much wider than just the environment. It has a longer and larger scope.