News
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21/03/2018Iberdrola is to install 25,000 e-vehicle charging points in Spain by 2021 Iberdrola plans to install a total of 25,000 e-vehicle charging points in Spain by 2021. Most of them - 16,000 - will be installed in homes and the remaining 9,000 in companies that would like to offer this service to their employees or customers. In line with its commitment to promoting sustainable mobility and offering its customers products and services they want when they want them, Iberdrola has launched its new Smart Mobility plan to promote electric mobility. Smart Mobility is a global comprehensive solution that includes the acquisition of a charging station, its installation and guarantee, the consultation and the possibility of operating it in real time and remotely through a simple app available for all IOS and Android devices (Smart Mobility Hogar app), and a supply contract that is adapted to each customer. Iberdrola has also designed a specific electricity plan to charge e-vehicles at the homes that take advantage of the lowest cost times of day (from 1 a.m. to 7 a.m.) to charge the battery for less, cutting the estimated cost to 50 cents for every 100 kilometres. Electric charging has been calculated as being 10 times cheaper than petrol. Iberdrola is committed to supplying 100% green electricity and has a certificate guaranteeing it is from renewable sources that ensures that this energy comes from clean generation. Iberdrola, with sustainable mobility The company promotes electric mobility in line with its commitment to sustainability. The electrification of transportation is an effective way to fight climate change which is why the company has a Sustainable Mobility Plan that involves employees, company, customers, and suppliers through specific actions which aim to promote sustainable mobility. Iberdrola has also incorporated the United Nations’ Agenda Sustainable Development Goals (SDGs) into its business strategy and Sustainability Policy. Iberdrola's investment in electric mobility contributes directly to achieving Goals 13 (action for the climate) and 11 (sustainable cities and communities) and indirectly to Goals 3 (health and well-being), 8 (decent work and economic growth) and 9 (industry, innovation and infrastructure). Video on Smart Mobility Iberdrola READ MORE
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14/03/2018Ignacio Galán invites group employees to deliver the 2018-2022 investment plan The chairman of Iberdrola, Ignacio Galán, met today with more than 300 group employees and encouraged them to keep up the good work to deliver the objectives of the 2018-2022 strategic outlook. Under the motto Commitment leads to action, the group's chairman reviewed the 2017 results and achievements and described the challenges going forward. With €32 billion of investment in the period, mainly in the areas of renewables, networks and storage, the key themes of the meeting were innovation and digitalisation. Ignacio Galán reminded the Iberdrola team of the key role that both will play in the coming years to allow the company to continue developing new solutions and more personalised customer products. Likewise, Galán highlighted the importance of training and talent management for the approximately 34,000 group employees across the world and highlighted the need for employee engagement to deliver the company's project. The event, held at the corporate campus in San Agustín del Guadalix (Madrid), was attended by employees from eight countries where the company operates: United Kingdom, United States, Brazil, Mexico, Spain, Portugal, France and Italy. Ignacio Galán analysed the main trends in the global energy industry and key elements to the company’s strategy such as new renewable capacity, the digitalisation process, international growth and the commitment to the best quality of service. Also speaking as a guest was the expert on climate change and clean energy Michael Liebreich, founder of New Energy Finance, a company now integrated in Bloomberg. A University of Cambridge graduate in nuclear engineering and MBA from the Harvard Business School, Liebreich has been an advisor to the Clinton Climate Initiative that develops scalable projects to fight climate change, and the INSEAD Energy Club. READ MORE
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07/03/2018Ignacio Galán opens ‘Iberdrola Innovation Middle East’, a technology hub in Qatar The Chairman of Iberdrola, Ignacio Galán, and the CEO of Qatar Investment Authority, H.E. Sheikh Abdulla bin Mohammed bin Saud Al-Thani, today opened the ‘Iberdrola Innovation Middle East Center’, the new R&D&I hub developed by Iberdrola in Doha (Qatar). Dr. Hamad Al-Ibrahim, Executive VP of Qatar Foundation R&D, delivered the opening address of behalf of Qatar Foundation. During his speech, Ignacio Galán said: “As part of Iberdrola’s commitment with Qatar, I’m pleased to inaugurate today the ‘Iberdrola Innovation Center Middle East’ which, in line with Qatar National Vision 2030 objectives, is meant to become a technology benchmark for the energy industry through an open innovation program in partnership with our associates and universities. It will offer energy services to improve productivity and the efficiency of customers and consumers, and will offer technical training focused on smart grids.” H.E. Sheikh Abdulla highlighted during his speech that “We value our partnership with Iberdrola; being ranked as number 1 in Europe and 5th Worldwide. With QIA being a major shareholder at Iberdrola we would like to welcome their Innovation Middle East- new technology hub here at Qatar and within Qatar science & Technology park premises and we are looking forward to more partnerships through the different companies that we are major investors in.” The event was also attended by prominent leaders of Qatar’s business and institutional communities including: H.E. Sheikh Abdulla Bin Saoud Al-Thani, Governor Central Bank of Qatar; H.E. Ahmad Bin Mohamed Al-Sayed - Minister of State & Chairman of Free Zones Authority, HE Eng Essa bin Hilal al-Kuwari - President of Kahramaa and HE Ignacio Escobar - Spanish Ambassador in Qatar. ‘Iberdrola Innovation Middle East’, new technology hub Focused on the challenges posed by the digitization of energy systems, the ‘Iberdrola Innovation Middle East’ is a new technology hub from which the company is developing innovation and consultancy services in three key areas: smart grids, system integration of renewable sources and energy efficiency. Located at Qatar Science & Technology Park in Doha, the center aims at releasing new products and services for the digital utility, working at the intersection of energy and information and communication technologies. Being fully aligned with the State of Qatar’s innovation strategy, Iberdrola and its technology partners are committed to making an outstanding contribution towards fulfilling Qatar National Vision 2030 objectives, which guide the economic, social, human and environmental development of the country. In addition to its important role as a base for research, ‘Iberdrola Innovation Middle East’ is tasked with serving as the central point of the Iberdrola group’s activities in the Middle East. On the occasion of the opening of ‘Iberdrola Innovation Middle East’ the Managing Director, Santiago Bañales, presented the innovation and technology consultancy projects being implemented in Qatar and the Middle East, together with a guided tour of the training facilities and smart grid lab. The event included three technical workshops coordinated by the team of Iberdrola and the several universities, institutions and companies partnering in the different innovation projects. Also, Iberdrola signed a memorandum of understanding (MoU) with Hamad Bin Khalifa University’s (HBKU) College of Science and Engineering (CSE) to create a partnership for research cooperation, educational development and the exchange of staff, scholars and students. As part of the agreement, the two parties will jointly work on securing reliable smart grids, strengthening pre-existing smart grid monitoring systems to improve efficiency, and the development of performance-enhancing hybrid technologies. Commitment to innovation The leading multinational group Iberdrola has become the utility of the future thanks to an innovation strategy spanning across all of its business units and activity areas. As a result of its continued commitment, Iberdrola is currently the most innovative utility in Spain and is ranked third in Europe by the European Commission. Throughout 2017, the company invested over €246 million in R&D&I, up 17% from the previous year. These resources have been mainly allocated to projects related to clean energy, smart grids, customer solutions and digital transformation. Going forward, investing in research and innovation will top Iberdrola’s priorities in order to ensure sustainability, efficiency and competitiveness, while continuing to be at the forefront of a business model which is transforming the industry with new products and services. READ MORE
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05/03/2018Navantia and Iberdrola hold an event to mark delivery of the first jackets for the East Anglia One offshore wind farm Iberdrola and Navantia held an event today at Navantia's shipyard in Fene to mark the delivery of the first 4 ‘jacket’ foundations for the East Anglia One offshore wind farm, which have been built at the Fene shipyard by the consortium set up by Navantia and Windar. The event was attended by the President of the Xunta de Galicia regional government, Alberto Nuñez Feijóo; the Chairman of Iberdrola, Ignacio S. Galán, and the Chairman of Navantia, Esteban García Vilasánchez, as well as other dignitaries. The delivery of the remaining components will continue throughout the coming months, successfully completing the contract signed in December 2016 by the two companies. The contract consists of the construction and delivery by barge of 42 jacket-type structures and 126 piles from the Fene shipyard and Windar’s facilities in Avilés. The project is the second between Navantia and Iberdrola following the success of Wikinger and it secures jobs at the respective facilities of both Navantia and Windar as it will generate a total of 1,000,000 work hours with the creation of an average 800 jobs, peaking with the employment of 1,300 people. In addition, as with the Wikinger project, many local firms are benefiting from this contract. The East Anglia ONE project by Iberdrola's British subsidiary, Scottish Power, will represent the largest offshore wind farm in the world, occupying an area equal to 30,000 football pitches, and supplying electricity to half a million homes. When it goes into operation in 2020 on the SE coast of England, its 102 wind turbines will supply up to 714 megawatts (MW) of clean energy. During the event, the two Chairmen expressed their satisfaction with the work carried out and the compliance with the contract, in terms of both quality and deadlines. Iberdrola's chairman, Ignacio S. Galán, pointed out that “with this new contract we are reaffirming our already strong commitment to Galicia where throughout the last decade the company has invested €1.2 billion and provided jobs for over 700 people". Likewise, he emphasised that "by awarding it to Navantia and Windar, Iberdrola is standing by its pledge to support the industrial fabric of the regions in which it carries out its activities. We would like to make known our desire to continue to perform as a financial engine, as a driver of employment not just in Galicia but also in other areas of Spain, such as Andalusia, where the substation for this British farm is being built in Navantia's yard in Cadiz, as was the previous one for the German Wikinger farm”. “I am proud to say that in the last year Iberdrola has made purchases totalling €8.7 billion - a large part going to Spanish firms for projects within our country and abroad - it has paid over €7.1 billion in tax, €3.2 billion of that in Spain, and it has provided employment throughout the world for 400,000 people”, declared Iberdrola's chairman. For his part, Esteban García Vilasánchez pointed out that "over the last few years Navantia has become a benchmark in offshore wind farm construction and more specifically this Fene shipyard is now renowned for this in the competitive international market. 3 other wind farm projects have already been successfully completed in recent years in this shipyard”. He added that " wind farm diversification forms part of Navantia's 2018-2022 Strategy, a Plan that, together with the new investment drive in naval construction will guarantee the country's Defence and Security capabilities, and the retention of a key sector of Spanish industry, to foster technological and digital development with a qualified and innovative workforce, with the focus on a competitive and international industry 4.0." Finally, Galán wished to make clear Iberdrola's firm commitment to sustainability, the fight against global warming and care for the environment - aspects in which the company is a world leader. “And we're going to continue in our determination to reduce CO2 emissions, which are already 32% lower than the average in the European electricity sector, because they don't just affect climate change, but also people's health”. He also emphasised that in Iberdrola “we consider the fight against climate change to be a moral imperative, but also a commitment to our future, and an opportunity, as the work being done here today in this yard for Iberdrola demonstrates” Jacket specifications: Each jacket consists of a 3-legged latticework structure topped by a transition piece that will join it to the base of the turbine. The piles needed to fix the structure to the seabed are included in the scope of the agreement between Iberdrola and Navantia-Windar. * Jacket weight: 850 tonnes. * Height: 626 metres. * Footprint: 27 x 27 metres. * Pile weight: 360 tonnes. * Total steel used: 58,800 tonnes. About IBERDROLA: Iberdrola is a private company of global scope, founded over 150 years ago, during which time it has worked in the service of energy development, security of supply, as well as quality and innovation. Thanks to its strong growth and internationalisation, which began in 2001, it has become a world leader in clean energies and is already one of the top electric utilities in the world by market capitalisation, with 35,000 employees serving 100 million customers. Iberdrola will invest €32 billion between 2018 and 2022, which will allow it to establish the foundations for sustainable future growth, and it will continue to contribute to the social development of the areas in which it is active. The group's intention is to keep on this track and offer, as well as shareholders' dividends, a growing, inclusive and sustainable social dividend. About Navantia: NAVANTIA constitutes a world reference in the design, construction and integration of warships with a high technological content, as well as ship repairs and upgrades. Its lines of activity also include the design and manufacturing of combat and command and control systems, integrated platform management systems, firing control systems, propulsion engines and life cycle support for all its products. Although its primary activity is in the naval sector, NAVANTIA also designs and manufactures systems for the Spanish Army and Air Force. NAVANTIA belongs to the SEPI Group, a holding company which includes a total of 16 companies in which the Spanish state has direct majority shareholdings and which had a combined workforce of around 73,000 professionals in 2014. The SEPI Group also includes the Spanish state-owned television and radio corporation (Corporación Radiotelevisión Española) and a supervised public foundation. SEPI also has direct minority shareholdings in a further ten companies, and indirect shareholdings in more than one hundred companies. READ MORE
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01/03/2018Iberdrola ha destinado ya más de 8 millones de euros a su Programa Social en España, beneficiando a 270.000 personas Iberdrola, a través de su Programa Social, ha destinado ya más de 8 millones de euros a iniciativas sociales en España, que han beneficiado a un total de 270.000 personas. Desde el lanzamiento de este plan en 2010, la compañía ha impulsado más de 300 proyectos que han contribuido a la inserción social, especialmente de niños, jóvenes y mujeres en situación de vulnerabilidad. Todas estas actuaciones, enmarcadas dentro del compromiso de la empresa con la creación de valor en las regiones en las que desarrolla su actividad, han permitido la creación de 800 puestos de trabajo y la participación de 2.000 voluntarios. El presidente de Iberdrola, Ignacio Galán, se ha reunido esta mañana con representantes de algunas de las entidades sociales participantes en el programa y ha hecho balance de lo conseguido hasta la fecha. Galán ha asegurado estar orgulloso de haber podido ayudar a tantas familias porque “estar al lado de las personas, especialmente de las que más lo necesitan, es parte de nuestra misión, como empresa socialmente responsable”. Las organizaciones que han acudido a este encuentro, celebrado en las oficinas de Iberdrola en Madrid, han sido la Asociación Española contra el Cáncer (AECC), la Asociación de Sordociegos de España (ASOCIDE), la Fundación Balia, Menudos Corazones, la Fundación Amigó, la Fundación Down Madrid, la Fundación Tomillo, la Asociación Ciudad Joven, la Asociación Candelita, la Fundación Altius y NUPA. En la presente edición de 2018, Iberdrola ha apoyado 35 proyectos sociales con distintas entidades en España, seleccionados por su gran calidad e impacto. Este programa beneficiará a 46.000 personas y permitirá la creación de 135 puestos de trabajo y la movilización de 260 voluntarios este año. Del total de iniciativas elegidas, un 42% están destinadas a evitar situaciones de pobreza y exclusión social, fomentando la formación y la empleabilidad; un 26% aborda la inclusión social de las personas con discapacidad y, el 32% restante, la mejora de la calidad de vida de personas con enfermedades graves. Además, el 61% del total son actuaciones a largo plazo, fruto de años de colaboración y alianza con la compañía a través de su Fundación. Durante el proceso de selección se han valorado los criterios de rigor, transparencia y buen gobierno de estas entidades, para las que ha sido condición indispensable demostrar su experiencia en iniciativas sociales y disponer de las cuentas auditadas de los últimos ejercicios, además de tener publicados sus estatutos y documentación en su página web. Para el correcto desarrollo de los proyectos, las entidades han asumido como compromiso propio el cumplimiento del Código ético de Iberdrola. Iberdrola, comprometida con la sociedad El Programa Social Iberdrola forma parte de lo que los Estatutos del grupo han consagrado como dividendo social, que incluye todas las actuaciones que la compañía desarrolla, encaminadas a aportar valor en la sociedad. De esta manera, Iberdrola contribuye a la consecución de los Objetivos de Desarrollo Sostenible (ODS) de la agenda 2030 de Naciones Unidas, integrados en su estrategia. Gracias a estas ayudas, la empresa centra su esfuerzo en el cumplimiento de los objetivos 1 (fin de la pobreza), 3 (salud y bienestar), 4 (educación de calidad), 5 (igualdad de género), 10 (reducción de las desigualdades) y el número 17 de alianzas para lograr los objetivos. READ MORE
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21/02/2018Iberdrola will invest €32 billion between 2018 and 2022, building the foundations for sustainable growth in the next decade Iberdrola will invest €32 billion over the period between 2018-2022, setting solid foundations for sustainable growth in the next decade. More than 90% of total amount will be allocated to regulated activities or long-term contracts, in line with the group’s strategy of investing in businesses with stable and predictable returns. Thus, €15.5 billion (nearly 50% of total) will be invested in networks, €11.5 billion (37% of total) in renewables and €2.8 billion (9%) in generation and retail. The remaining 4%, some €1.4 billion will be allocated to contracted generation[2]. Ignacio Galán, the group’s Chairman, said: “Overall, the plan we are presenting today is fully consistent with our strategy over recent years, while seizing the opportunities provided by the new digital environment. In essence, it is a plan that maintains focus on growth in specific opportunities in regulated and long-term contracted businesses which offer earnings visibility, while maintaining a geographically balanced portfolio and exploring growth beyond those frontiers.” The bulk of planned investments – 75% – are already committed or practically secured. By currency, 38% will be in US dollar, 25% in euro, 19% in British pound and 18% in Brazilian reais. Thanks to these investments, the company expects renewable capacity to increase by 24% from 2017 year-end to 36,200 megawatts (MW). Its storage capacity will also grow from the current 80 gigawat/hour (GWh) to 100 GWh at the end of the period (+25%). In networks, the company’s regulated asset base will increase to €40 billion mainly in Brazil and US, a 38% growth from year-end 2017. Also, contracted generation capacity will grow to 10,600 MW, over 82% above current figures. In retail, the number of customer services will expand by 9 million to 32 million in 2022 (+40%). As a result, the group expects that 35% EBITDA in 2022 will be generated in euros, 29% in dollars, 20% in sterling pounds and the remaining 16%, in Brazilian reais. The company's plans are fully in line with the three main vectors of the transformation process that the energy sector is currently experiencing: decarbonisation, which entails a strong electrification process for the economy; technological advances, which are helping reduce costs and create new business opportunities; and greater consumer connectivity, which gives consumers more importance and capacity for interaction. These three trends strengthen Iberdrola's focus on its three core businesses: more renewable, more and smarter networks and more smart-solutions for the consumer. The company will accelerate the creation of value in these three areas through five strategic pillars: * Profitable growth: investments will target a portfolio of projects that combine the creation of long-term value with obtaining cash flows in the short- and medium-term. * Operating Excellence: With net operating expenses already 23% below the average for its European competitors, Iberdrola will continue enhancing its efficiency levels. In this regard, Iberdrola will implement a €1 billion savings plan, executed through synergies, digitilisation and the implementation of best practices in areas such as procurement, operation and control. * Customers at the focal point of all activities: networks will be increasingly smarter, adapting to the new needs of consumers, such as the incorporation of electric vehicles. In renewables, tailor-made renewable generation contracts will be implemented for these technologies, new technology solutions will be promoted to best adapt to customer habits, and energy sales contracts to industrial consumers will be shored up. * Capital optimisation: the group will implement an asset rotation plan in the amount of €3 billion euros, open to possible agreements with partners for renewable projects ("partnering green"). This will all be combined with active management of its debt, as the company has been doing. * Digitilisation and Innovation: Iberdrola expects digitilisation-related initiatives to contribute an additional €600 million to its Ebitda for 2022. This growing contribution will be possible thanks to operational improvements, the transformation of processes and new products and services. Profit outlook 2018-2022 Iberdrola's plans for 2018-2022 will let the company continue increasing its profits. According to the group's plans, Ebitda will be between €11.5 billion and €12 billion at the end of the period. It is expected that 84% of the group's gross operating profit (Ebitda) for 2022 will come from regulated activities or with long-term contracts. By business, and above the mentioned range of €11bn-12bn the contribution to the Group's Ebitda is at 50% for networks, 27% for renewables, with the contribution from the wholesale and retail at 16% and contracted generation at 7%. The company expects that efficiency, measured by net operating expense ratio over gross margin, will improve from 31% in 2017 to 26% in 2022, assuming an accumulated savings of over €1 billion during the period. Additionally, the workforce will remain stable with around 35,000 employees, although a 10% turnover is foreseen, where natural retirements will allow the organisation to be updated, to attract young talent and to continuously train its professionals to successfully address the demands of the new competitive environment and digitalisation. With regard to funds from operations (FFO), they will reach €42 billion in the period, which will exceed the investments made in all businesses. The group's financial solidity measured with the ratio of funds from operations (FFO) over net debt will reach 24%, up from 21.5% in 2017. At the end of the period, Iberdrola will keep ongoing investments in the amount of €9 billion which will ensure the sustainable generation of results beyond 2022 and will lay the foundations for its growth in the next decade. Por su parte, y como consecuencia de todo lo anterior, el beneficio neto se situará entre 3.500 y 3.700 millones de euros en 2022. Therefore, as a result of the foregoing, net profit will be between €3.5 billion and €3.7 billion in 2022. This positive trend will let the company maintain its shareholder remuneration policy, which will grow in line with the group's results, sustaining a pay out between 65% and 75%. According to the company's estimates, this would imply a dividend of around €0.4 gross per share in 2022. Iberdrola plans to maintain its scrip dividend program, maintaining the number of shares in the group at 6,240 million through a share buyback program similar to those of recent years. 2017 Results: net profit of €2.804 billion (+3.7%) In 2017, Iberdrola posted net profit of €2.804 billion, a 3.7% increase compared with the previous year. Net operating profit (Ebitda) was €7.319 billion during the period (-7.3%), due to the poor performance of business in Spain as a result of the low hydroelectric production during the period. Likewise, this figure includes an extraordinary expense item for efficiency plans, in the amount of €203 million, which will contribute to the group's future efficiency. Excluding this item, the group's adjusted Ebitda would have been €7.522 billion. By business, networks Ebitda increased 3.6% to €4.288 billion, and renewables grew 6.1%, to €1.592 billion. However, the generation and retail area reduced their Ebitda by 29%, to €1.601 billion due to the mentioned low hydroelectric production in Spain as a result of the drought, as well as the low margins and high expenses of government obligations in the United Kingdom. The group's investments continued to grow reaching €5.891 billion, 38% more than in the previous year. Of this amount, 90% was allocated to regulated businesses or long-term contracts and 72% was in growth projects. AVANGRID: 6% growth in adjusted profits With regard to AVANGRID, the American subsidiary traded on the New York Stock Exchange where Iberdrola holds 81.5%, it has also delivered positive earnings. Its adjusted net profit reached US$682 million, 6% more than in 2016. The company maintains a minimum annual dividend of 1.728 dollars per share and plans to increase the remuneration to its shareholders in 2018, thanks to the expected growth in profits. Regarding the implementation of its Strategic Plan, AVANGRID has made investments worth US$2.262 billion (+ 18%) in the areas of networks and renewables. It is important to note, in addition, that the tax reform approved by the US government had a net positive impact of €1.284 billion for Iberdrola group. This amount was almost fully allocated to provisions and value adjustments for certain assets, further strengthening and optimising its business profile. Shareholder remuneration The results have allowed the group’s Board of Directors to propose a complementary remuneration for 2017 of up to €0.18 gross per share, pending approval by the upcoming General Shareholders’ Meeting on 13 April This amount is added to the €0.14 gross per share paid in January as the interim dividend payment against 2017, so total shareholder remuneration for the past year will reach €0.32 gross per share, i.e., 3.2% higher than in 2016. Commitment to society: Social dividend During the year, Iberdrola continued to contribute to the social development of the regions where it operates. The purpose of the group is to maintain this path by offering, in addition to the dividend to shareholders, a growing, inclusive and sustainable social dividend. With regard to its employees, just in 2017, Iberdrola has made 4,103 hires and has maintained its commitment to the development of its human team, offering four times more hours of training per employee than the average of European companies[3]. Likewise, Iberdrola is the only European utility included in the 2018 Bloomberg Gender-Equality Index, in recognition for its equal opportunity and gender equality policies. Through its activity, the company generates 400,000 jobs worldwide. Throughout 2017, the group made purchases from 22,000 suppliers for a value of €8.7 billion. Also, Iberdrola has contributed more than €7.1 billion in taxes and levies during the past year[4]. Also worth noting is the company’s commitment to innovation with investments in R&D&i of €246 million in 2017, 17% more than in the previous year. Lastly, Iberdrola reaffirms its commitment to reducing emissions which, at present, are already 32% below the average of its European competitors and aims to reach 150 grams of CO2/kWh for 2030, which entails a 50% reduction compared to 2007 levels. All these activities show how Iberdrola has incorporated the United Nations Sustainable Development Goals (SDG) for 2030 into its strategy. In this regard, the company has linked its long-term incentive plan to its contribution to SDGs 7 and 13 - affordable and non-polluting energy, and climate action respectively. In addition, Iberdrola is one of the leading global issuers of green bonds and has recently closed two lines of credit worth €5.3 billion whose conditions are linked to compliance with sustainability indicators. [1] According to latest reported figures [2] Investment figures by business exclude corporate investments [3] 2016 figures [4] Según informe PwC, basado en la actividad de Iberdrola en 2016. READ MORE
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20/02/2018Iberdrola convenes its General Shareholders’ Meeting for 13th of April During today's meeting, the Iberdrola Board of Directors agreed to convene the company’s 2018 Annual General Meeting (AGM) for 13th of April, on first call. Among the 13 points in the agenda are the approval of the annual accounts, management reports, and performance of the Board of Directors chaired by Ignacio Galán, during 2017. In addition, the General Shareholders' Meeting will decide on the appointment of Anthony L. Gardner as an independent director. A former Ambassador of the United States of America to the European Union and businessman, Gardner was appointed in 2017 as an independent director to the British subsidiary, ScottishPower, and will replace Braulio Medel as member of the Board. Furthermore, the General Shareholders’ Meeting will decide on the re-election of independent board member Georgina Kessel, who joined the Iberdrola Board in 2013. Also, the agenda for the next AGM includes the approval of the proposed application of the results of the last financial year and the distribution of dividends. In this regard, the Board of Directors is proposing the execution of two capital increases with a maximum key market value of 1.31 and 1.14 billion euros respectively, which will enable the implementation of both editions of the new Iberdrola Flexible Remuneration Programme. Related to this remuneration programme offering Iberdrola shareholders the opportunity to receive their dividend in cash or in fully paid-up company shares, the Meeting will also be asked to approve a reduction in capital through the amortisation of a maximum of 198,374,000 shares of the Company, equivalent to 3.08% of its stock capital, as well as the renewal of the authorisation that allows the Board of Directors to take part in a share buyback programme. READ MORE
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19/02/2018The King and Queen of Spain give Ignacio Galán an award recognising Iberdrola’s work at the 2016 National Sports Awards ceremony Today, the King and Queen of Spain presented the Chairman of Iberdrola, Ignacio Galán, with one of the 2016 National Sports Awards, which are given out annually by the National Sports Council (CSD), during a ceremony held at El Pardo Palace. These prestigious awards aim to honour the people and organisations that either because of their direct activity or personal initiative, or as interested parties in developing sports policy, have contributed significantly to promoting and disseminating physical sports. The company received the Stadium Cup, an award created by King Alfonso XIII in 1923. With this award, which is Spain’s oldest sporting recognition, Iberdrola has been rewarded for its special contribution during the year to the promotion of sports activities. Iberdrola recently renewed its cooperation agreement with the CSD, resulting in the company becoming the main driver of this body’s ‘Women’s Universe’ programme, which seeks to promote the participation of women in this area. This comprehensive programme is designed to promote the development of women and their personal growth in society. It was created to launch initiatives that would contribute to transforming society through the values of women’s sport. This project aims to focus on the social and cultural dimensions of sport so as to promote a lifestyle change and encourage the promotion of women’s sports by holding communication events and actions throughout the months covered by this initiative. Iberdrola’s backing for 15 federations Iberdrola already supports 15 national federations that seek to promote and increase the participation of women in all areas of sport: gymnastics, triathlon, swimming, rugby, canoeing, badminton, football, handball, volleyball, hockey, table tennis, athletics, karate, boxing and ice sports. In most cases, Iberdrola is lending its name to the top competitions in these sports. Women’s First Division Football, now known as the Iberdrola League, has 16 teams, 30 match days and around 240 matches. Also, the league's most important match each day is now included on the football pools coupon of the state lottery. The leading women’s rugby, volleyball and handball competitions are also supported by the company since the creation of the Iberdrola Honour Division, the Iberdrola Super League and the Iberdrola Guerreras League, respectively. In addition, the names of the hockey and water polo championships have also been changed and are now called the Iberdrola League. The top national women’s teams in these disciplines meet each other in these championships. The latest additions include karate and athletics, with competitions that have also gone on to receive the name of the Iberdrola League. In athletics, the cup is now called the Iberdrola Her Majesty the Queen’s Cup. In boxing and table tennis, the company provides support through scholarships awarded to athletes by the CSD and federations. Iberdrola hopes that, with all these initiatives, not only the resources available will increase but also greater more visibility will be given to these competitions and the experiences and success stories of female athletes will serve as an inspiration and example for society and future athletes. READ MORE
