corporate social responsibility
Corporate Social Responsibility is the active, voluntary contribution made by companies to bring about improvements to the society, economy and environment that will have an effect on the common good. Find out more about this strategic pillar.
Corporate Social Responsibility (CSR) is a priority for companies that are truly committed to the communities they operate in. In the midst of the climate crisis, which has been aggravated by the COVID-19 pandemic, their contribution will be fundamental to achieving a green recovery that drives sustainable economic growth, accelerating the transition to low-carbon societies. Against that background, ESG criteria, which cover aspects related to the environment, society and corporate governance, are key when it comes to making more responsible investments towards the planet.
Iberdrola has adapted its regulatory system to the three major pillars used by the worldwide investment community to measure the impact and sustainability of investments: environmental, social and governance aspects, known as ESG for short. By doing so, the company confirms its desire to be at the cutting edge of international best practice, in a context where COVID-19 has highlighted the need to shift towards more sustainable, resilient, inclusive and competitive models as the path to post-pandemic 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.
Iberdrola group is continuing its operations during the coronavirus (COVID-19) crisis, thus fulfilling its commitments to its Stakeholders: customers, employees, suppliers, and society in general. Since the pandemic started the company has launched a comprehensive action plan to ensure continuity and quality of supply, as well as to protect the health and safety of people in the different countries in which it operates.
Iberdrola group has recently reworded its Corporate Stakeholder Engagement Policy in the belief that this is a key element in its responsible and sustainable business model and that in today's complex and uncertain scenario fostering greater stakeholder engagement rises as a key priority.