'GREEN RECOVERY'

Committed to the Green Recovery as a path to economic and employment recovery

In view of the crisis generated by the COVID-19 pandemic, numerous voices are emerging from all areas of society suggesting the use this moment of recovery as an opportunity to drive the transition to a new socio-economic model that is climate-neutral, resilient, sustainable and inclusive. This is what is known as the Green Recovery, a vision to which Iberdrola group is fully committed and the horizon towards which it has been working for more than two decades.


Firmly convinced that any recovery after COVID-19 can only be green, Iberdrola is committed to accelerating its investments in renewable energies, digitalisation and electrical mobility to boost economic and employment recovery. It thus continues its advance towards energy transition and the decarbonisation and electrification of the economy, a path it began 20 years ago and which, since then, has led it to allocate more than €100 billion to this area, becoming a world leader in renewables.

Ignacio Galán, chairman of Iberdrola group

There is complete consensus that the road to economic recovery must be green, with the fight against climate change at its core. The European Green Deal and the National Energy and Climate Plans across the EU already provide a clear pathway. Iberdrola is fully prepared to help deliver these targets

The chairman of the group, Ignacio Galán, maintains that “to achieve a rapid and sustained economic reactivation it is fundamental to identify the sectors with the greatest potential to act as drivers of recovery,” which must be aligned with European strategic priorities — such as energy transition and digitalisation — and set themselves up as generators of investment and employment.

IBERDROLA AS A DRIVER OF EMPLOYMENT

Iberdrola is ready to be one of those vectors of employment and sustainable growth. The company will invest €10 billion this year, helping to revive the economy and employment. It maintains its forecast of hiring 5,000 new professionals throughout 2020 and, in the last year, more than 1,700 young people under 30 years of age joined its workforce.

Ignacio Galán, chairman of Iberdrola group

We have the resources and energy to drive a recovery in which everyone wins: employees, suppliers, shareholders and society in general

The group has also accelerated its purchases from suppliers, which reached €3.8 billion in the first quarter of the year. Iberdrola has more than 22,000 suppliers, generating 400,000 jobs worldwide, and has agreements in place until 2023 worth more than €20 billion.

IBERDROLA, WITH THE EUROPEAN GREEN DEAL

The chairman of the company believes that the current crisis will create opportunities and positive changes for both individuals and society and believes that it will provide Europe with the opportunity to consolidate itself as "the best project for citizens, based on common values, a deep sense of solidarity and an enormous potential to generate sustainable and inclusive wealth."

In December 2019 the European Union presented its European Green Deal, which sets out a roadmap for transforming the European economy on the basis of the green transition. The European Commission has identified this Green Deal as a catalyst for growth and the European Parliament and most governments are following its lead. Iberdrola, which has supported the Green Deal from the outset, believes that this plan will make it possible to take advantage of the opportunities presented by the fight against climate change, promoting investment in renewable energies that are cleaner, safer and more affordable and which will lead to the creation of jobs, the improvement of air quality and, consequently, the health of citizens. “We can and must get out of this crisis by favouring a stronger, more united, more competitive and more sustainable Europe,” says Galán.

 

WE STRONGLY SUPPORT THE GREEN RECOVERY

 

READY FOR THE GREEN RECOVERY

Energy transition.

We are 20 years ahead of the current energy transition

Iberdrola group is committed to a clean, reliable and smart business model which replaces production with polluting energy sources with clean energies.
Climate change.

Aligned with climate objectives

The company, which has set itself the goal of becoming carbon neutral by 2050, has invested more than €100 billion in these 20 years to achieve a decarbonised energy model.
Renewable energy.

We invest in renewable energy and smart grids

Iberdrola continued to move ahead on its construction projects worldwide, which amount to more than 8,500 megawatts (MW) of capacity.
Sustainable mobility.

Driving sustainable mobility

As an effective way to combat climate change, the company is leading the transition to sustainable mobility and the electrification of transport.
Digitalisation.

At the cutting edge of digitalisation

Iberdrola group plans to invest 4.8 billion euros in digital transformation between 2018 and 2022 to improve the operation and maintenance of its assets.
Photovoltaic plant.

Leaders in green financing

With a total of 17 operations, for a value of 11.4 billion euros, issued up to April 2020, Iberdrola is an international reference model in green financing.
SDG.

Committed to the SDGs

At Iberdrola we have incorporated the United Nations' Sustainable Development Goals into our business strategy.
Circular economy.

The circular economy is our base

The group bases its sustainable business model on reducing emissions, improving efficiency and optimising resources.

 

MOVING TOWARDS THE GREEN RECOVERY

European Green Deal.

European Green Deal

The European Union's Green Deal sets out a strategic roadmap with concrete milestones that places the green transition at the centre of political action.
Mitigating and adaptating.

Mitigating and adapting to climate change

Climate change is a threat to the future of our planet, but there is still time for us to adapt to it and mitigate its effects.
Green jobs.

Green jobs

The transition to a decarbonised economy is an engine of economic growth with the potential to create millions of green jobs.
Environmental taxes.

Environmental taxes

They are based on the principle that the polluter pays and taxes those behaviours that are harmful to the health of the planet.
Sustainable urban development.

Sustainable urban development

The UN's New Urban Agenda calls for more sustainable, inclusive and liveable cities. One way to achieve this is the eco-neighbourhoods.
Responsible consumption.

Responsible consumption

We will show you five everyday practices that you thought were harmless, or even ecological, but that cause considerable damage to the environment.
Food sustainability.

Food sustainability

Organic products, foodtech and reducing food waste are some of the ingredients for a more sustainable diet.
Biodegradable clothes.

Biodegradable clothes

The fashion industry is the second most polluting industry. Biodegradable clothing is one of the industry's main undertakings to promote sustainability.
Reducing plastic consumption.

Advices for reducing your plastic consumption

Minimising the consumption of plastics is simple and can change your life and the planet.