DESIGN OF THE 2021 GENERAL SHAREHOLDERS' MEETING

Target Green: the road to sustainability

#business #environmental sustainability #General Shareholders Meeting

On the occasion of its 2021 General Shareholders' Meeting, Iberdrola has launched a new design, with which it aims not only to bring together and highlight the elements on which the event is built, but also to transmit and amplify its purpose and corporate values. The new visual universe therefore highlights Iberdrola as the green company, a company whose major value is sustainability and which is guided by its commitment to the future of the planet, by its Target Green.

Some time ago we set our sights on something revolutionary at the time: greener energy for a greener world. What seemed like a fantasy is today a reality. Iberdrola is now a world leader in clean, responsible, sustainable energy.

Step by step, focus by focus, the purpose remains intact: we keep moving forward and helping to move forward, determined, towards a better world. And now our focus is also on the green recovery, because it can't be any other way. That is our objective, the Target Green.

THE TARGET GREEN

Iberdrola has decided to transfer this concept to the new design of its General Shareholders' Meeting 2021, based on the Target Green. It is a clear, dynamic, bright and versatile symbol that exemplifies the lighthouse that points out the way to sustainability, putting the focus on a greener world.

MORE THAN TWO DECADES WITH A FOCUS ON SUSTAINABILITY

 Leading the energy transition

Thanks to its pioneering commitment to clean energy, Iberdrola group is 20 years ahead of the current energy transition, a process in which it has already invested 120 billion euros and to which it has committed a further 75 billion until 2025, which will increase to 150 billion in 2030. The company aims to remain at the forefront of the energy revolution facing the world's leading economies and to continue to lead the transition to a low-carbon economy.

Ignacio Galán, Iberdrola group chairman

After 20 years anticipating the energy transition, our business model positions us as a key driving player in the transformation of the industrial fabric, using our experience, social commitment and financial capacity to promote a long-term sustainable economic growth model capable of meeting the current challenges facing society

Its historic investment plan will allow it to consolidate its clean, reliable and smart business model, focusing on more renewables, more grids, more storage and more smart solutions for customers. Already a world leader in renewables, Iberdrola aims to double its renewable capacity by 2025 to 60 GW, rising to 95 GW by 2030. It will also continue to invest in regulated assets, which will reach 47 billion in 2025 (1.5 times their current value) and 60 billion in 2030. It also plans to have 60 million contracts by 2025 and 70 million by 2030 with customers to whom it will offer smart and innovative solutions that will enable them to be responsible for their energy use.

 Committed to ambitious and urgent climate action

The fight against climate change has been the main driver of the group's profitable growth strategy. Thanks to the efforts made over the past two decades, Iberdrola's emissions in Europe were at an all-time low in the first quarter of 2021, 28 g CO2/kWh, and one tenth of the emissions of its European and American competitors.

Iberdrola is currently an international leader in climate action and has set itself the goal of becoming carbon neutral in Europe by 2030 and reducing its global CO2 emissions intensity to 50 g/kWh, therefore advancing in its commitment to achieve global carbon neutrality by 2050.

 Leaders in driving the SDGs

The company has incorporated the Sustainable Development Goals (SDGs) adopted by the United Nations in 2015 into its business strategy, especially SDG 7 (affordable and clean energy) and SDG 13 (climate action). Iberdrola also promotes inclusive and sustainable industrialisation as a vector for employment and growth, in line with SDG 9 (industry, innovation and infrastructure) and SDG 8 (decent work and economic growth). The group invested a record 2.507 billion euros in the first quarter of 2021 and hired 6,000 workers in the last 12 months, as part of its goal to achieve nearly 20,000 new hirings between 2020 and 2025.

Iberdrola has also integrated the conservation and promotion of ecosystem biodiversity as a source of sustainable development. In line with SDG 14 (life below water) and SDG 15 (life on land), the company aims to achieve zero biodiversity loss by 2030 and all its projects include a comprehensive environmental plan to minimise the impact on flora and fauna.

 We contribute to the green recovery of the economy and employment

Iberdrola is firmly convinced that the recovery after COVID-19 can only be green and, in this regard, advocates driving the transition towards a new socio-economic model that is climate neutral, resilient, sustainable and inclusive. To this end, it has proposed to accelerate its investments in renewable energies, digitalisation and electric mobility as a decisive contribution to the recovery of the economy and employment.

The group has supported the European Green Deal since its adoption in December 2019, as it believes that this great green deal will enable it to seize the opportunities presented by the fight against climate change. Putting decarbonisation and digitalisation at the heart of the policy strategy will encourage investments in renewable energy — cleaner, safer and more affordable — and will create lasting and quality jobs, as well as reducing air pollution and therefore improving the health of citizens.