Press releases
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25/04/2023We have successfully installed the first foundation for offshore wind farm 'Baltic Eagle' Iberdrola has successfully placed the first foundation for the Baltic Eagle offshore wind farm into the seabed during the past weekend. Following the impressive installation of the offshore substation platform (OSS) in February 2023, the company is now entering the core stage of the Baltic Eagle construction phase. The construction phase proceeds as scheduled Currently, the heavy-lift installation vessel Svanen is working off the island of Rügen in the offshore wind farm, which is located 30 kilometers northeast of the German island of Rügen and covers a 40 square kilometer area. On the basis of a special feeder concept, the monopiles of the Rostock-based company EEW SPC are towed from the Port of Rostock out to the construction site and positioned upright by the gripper. The steel piles with a diameter of between 8.75 and 9 meters and a length of between 75 and 90 are then driven into the seabed. The transport of the transition pieces to the storage site in the Port of Mukran also began at the beginning of March. These transition pieces connect the monopile with the wind turbine. The transition pieces follow the installation of the monopiles and will be deployed in the second quarter of 2023. The laying of the inter-array cables is then planned for later in 2023. "We are pleased to be working with many experienced and professional partners on such a complex offshore project – as with EEW SPC, Windar and VanOord in this respect," emphasized Iris Stempfle, Managing Director of Iberdrola Renovables Germany. "We are fully on schedule with the construction of Baltic Eagle and continue to be a reliable partner for the decarbonization of the German industry with the expansion of the Baltic Hub to approximately 826 MW by the end of next year.” Iberdrola’s Baltic Hub With a production capacity of 476 MW, Iberdrola's Baltic Eagle offshore wind farm will supply ca. 475,000 homes with renewable energy while reducing carbon dioxide emissions by about 800,000 tons per year. The farm is scheduled to be fully operational by the end of 2024. Baltic Eagle is the second of Iberdrola's three large-scale projects in Germany, along with the Wikinger (350 MW, in Pressemitteilung operation) and Windanker (300 MW, in planning) wind farms. Collectively, these offshore wind farms form Iberdrola's so-called Baltic Hub, which will have a total capacity of more than 1.1 GW in 2026 and trigger an investment sum of about 3.7 bn €. Integrated growth strategy of Iberdrola Germany The Baltic Eagle offshore wind farm is an important building block in the integrated growth strategy that Iberdrola is pursuing in its core German market. In the field of sustainable energy solutions, the company aims to cooperate with key players in the German industry to support them in achieving their climate goals with market-based solutions. A core element here is the integration of PPAs into a modern electricity supply portfolio and the development of projects in the field of hydrogen production and trading. In Germany, Iberdrola bundles all its business activities in the wholly owned subsidiary Iberdrola Deutschland. The company, headquartered in Berlin, is the largest operator of offshore wind farms in the German Baltic Sea. With its Offshore and Onshore divisions, Iberdrola Deutschland is active in the planning, construction, and operation of offshore and onshore wind farms as well as photovoltaic projects. The company offers its industrial and commercial customers tailor-made solutions for the supply of green energy, from the classic supply of electricity including portfolio management services, to long-term PPA contracts linked to Iberdrola's own renewable energy plants, to PV solutions for on-site self-consumption. Iberdrola Germany also provides cross- technology integrated solutions, such as battery storage or the use of green hydrogen for industrial use. About Iberdrola Iberdrola, Europe’s largest electricity utility by market capitalization and one of the world's top three electricity companies, is a leader in renewables, spearheading the energy transition to a low carbon economy. The group supplies energy to almost 100 million people in dozens of countries. With a focus on renewable energy, smart networks and smart solutions for customers, Iberdrola’s main markets include Europe (Spain, the United Kingdom, Portugal, France, Germany, Italy and Greece), the United States, Brazil, Mexico and Australia. The company is also present in growth markets such as Japan, Taiwan, Ireland, Sweden and Poland, among others. The company has a workforce of over 40,600 and assets in excess of €154.6.billion. In 2022, Iberdrola posted revenues of nearly €54 billion, net profit of €4.34 billion, with €7.5 billion paid in tax contributions in the countries where it operates. The company helps to support more than 400,000 jobs in communities across its supply chain, and global supplier purchases topped €17.8 billion in 2022. A benchmark in the fight against climate change, Iberdrola has invested more than €130 billion over the past two decades to help build a sustainable energy model, based on sound environmental, social and governance (ESG) principles. Contact: Fabian Fastabend fabian.fastabend@kreab.com +49 176 7078 9312 https://balticeagle.de READ MORE
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21/04/2023We will supply offshore wind energy for the Salzgitter Group in Germany True to its "Partnering for Transformation" strategic mission, the Salzgitter Group is working closely with customers and partners to achieve its climate targets, as evidenced by the collaboration with Spanish energy producer Iberdrola. Salzgitter Flachstahl GmbH and Iberdrola Deutschland have now signed a long-term power supply contract. The electricity is to be sourced from the "Baltic Eagle" offshore wind farm currently under construction in the German Baltic Sea. Baltic Eagle to deliver wind power for virtually carbon-neutral steel Based on this power purchase agreement (PPA), Salzgitter Flachstahl GmbH has secured the delivery of 114 megawatts (MW) of green electricity over a period of 15 years from the new offshore wind farm that is scheduled to go online at the end of 2024. Once commissioned, Baltic Eagle, that is currently being built around 30 km to the northeast of the island of Rügen, will deliver an overall capacity of 476 MW. The sustainably produced energy will serve to additionally secure the SALCOS® - Salzgitter Low CO2 Steelmaking transformation program. The green electricity from the wind turbines will be used to produce green hydrogen. Green hydrogen is a core component for Salzgitter AG to produce virtually carbon-neutral steel. Strong partnerships for the industry’s sustainable transformation "The collaboration envisaged with Iberdrola is another key component of our energy strategy. Our main aim is to secure our requirements for electricity from renewables for Salzgitter AG and for the SALCOS® transformation program in particular. “True to our ‘Partnering for Transformation mission’,” states Gunnar Groebler, Salzgitter AG’s Chief Executive Officer. “Establishing sustainable production and process chains is becoming increasingly important for us and for our suppliers and customers sectors. By concluding this PPA, we have taken another big step toward climate-neutral production.” “Under our integrated growth strategy, the cooperation with Salzgitter AG marks another important step for Iberdrola Deutschland on this important core market,” emphasizes Felipe Montero, Iberdrola Deutschland’s Chief Executive Officer. “Through strong partnerships and long-term PPAs, we are contributing, among other undertakings, to the transformation of Germany’s industry, while also supporting the ramping up of green hydrogen in the market. Our intention is to work together with other key players in this field in the German business arena and support them in achieving their climate targets with solutions that are economically viable in the market, such as PPAs.” In many of its businesses - already today - the Salzgitter Group is active as a partner for generating renewable energies. For instance, Ilsenburger Grobblech GmbH (ILG) as a full- line supplier has been delivering plate in the onshore market for the wind energy sector since 1996 and increasingly also for the offshore segment since 2010. The Group’s other products for wind turbines include HFI longitudinally welded steel, pipes, precision steel tubes for cable cars and large-diameter pipes for offshore wind farm substructures. Iberdrola Deutschland is the largest operator of offshore wind farms in the German Baltic Sea. In the onshore sector, Iberdrola is active in the planning, construction and operation of onshore wind farms and photovoltaic projects. In addition to the "Wikinger" offshore wind farm, which was already connected to the grid in the German Baltic Sea in 2017, two further wind farms, "Baltic Eagle" and "Windanker" , will go into operation in 2024 and 2026 respectively. Entering into energy partnerships with leading German companies such as the Salzgitter Group is a key component of Iberdrola’s integrated growth strategy in the important core market of Germany. Based on strong cooperation activities and long-term PPAs, Iberdrola Deutschland is contributing to the German industry’s green transformation while supporting the ramping up of green hydrogen in the market, among other undertakings. In this area, the company is targeting collaboration with other key players in the German business arena, with the aim of supporting these players in achieving their climate targets with solutions that are economically viable in the market, such as PPAs. This also includes PV solutions and applications spanning technologies, e.g. battery storage. READ MORE
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20/04/2023We join the United Nations Global Compact Programme to further promote the sustainability of our suppliers Iberdrola takes another step forward globally in its drive for sustainability among its suppliers. For five months, the supplier SMEs benefiting from the programme (more than 220 that have joined Iberdrola) will be able to access online courses, live recorded sessions, practical guides, templates for the preparation of policies and codes and case studies of other companies. Once they have completed all the modules of the programme, SMEs will receive a certificate of participation and compliance. All this is free of charge, including training in four modules on general aspects of sustainability, the Sustainable Development Goals (SDGs) and the topics in four blocks of the Global Compact Principles and the internationalisation of the company, incentives and reporting of non-financial information. Iberdrola has been promoting environmental, social and governance (ESG) criteria for years with defined commitments. Iberdrola's suppliers must first accept the Supplier Code of Ethics in order to enter into a business relationship with the company. This includes principles of action and clauses regarding respect for human rights, diversity and equality, occupational health and safety, anti-fraud and corruption measures, and respect for the environment, among other issues. Iberdrola seeks supplies and suppliers that, in addition to being sustainable, are transparent, solvent, fair, ethical, and technically competitive. For this reason, the supplier is evaluated during the purchasing process to ascertain the potential risk. We verify that their modus operandi is in line with the Group's policies, principles, and responsibilities. In its first edition, the Training Programme: Sustainable Suppliers has the participation of more than 2,000 SME suppliers from 38 countries with a total workforce of 140,000 employees. The programme is promoted by the United Nations Global Compact and its local network in Spain together with the ICO Foundation and ICEX Spain Export and Investment, with Iberdrola and 16 other large Spanish companies, partners of the UN Global Compact Spain, participating as promoters. READ MORE
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19/04/2023We promote participation in the General Shareholders’ Meeting with the deployment of the Shareholder Service Points Iberdrola is promoting participation in the General Shareholders' Meeting on 28 April with the opening today, and until 27 April, of its Shareholder Service Points in Bilbao, Madrid, Valencia, Valladolid, and Zaragoza. At all of them, it will be possible to delegate, vote, and collect a commemorative gift for participating, offering personal attention to shareholders to facilitate their participation and mitigate the digital divide. In addition, the company chaired by Ignacio S. Galán has proposed a gross dividend of €0.005 per share (one gross euro for every 200 shares) to encourage participation in the General Shareholders' Meeting. All shareholders entitled to participate in the meeting will receive this incentive if the quorum reaches at least 70% of the share capital and the General Shareholders' Meeting agrees to pay it. Iberdrola implemented this remuneration formula last year and continues to be the only Ibex 35 company that rewards its shareholders in this way at the company's most important event. Wide range of possibilities for participation Iberdrola will hold an even more participatory, accessible, close, sustainable, and innovative General Meeting, making available to its shareholders multiple channels for remote participation and the possibility of attending telematically. Shareholders who receive the proxy and remote voting card from the company can open a personalised QR code to enter votojunta.iberdrola.com and participate in a quick and easy way. If they use the cards sent by the depositories, they can access the same link with their electronic signature or with their share number or their OLS Shareholders’ Club password. At the same time, the e-mail address Junta2023@iberdrola.es has been set up for shareholders who prefer to send their signed cards via this channel. Iberdrola is the first Spanish company to allow its shareholders to exercise their voting or proxy rights via instant messaging systems. To vote or delegate through this channel, shareholders simply have to send an image of their signed proxy and remote voting card by WhatsApp (to the number +34 639 000 639) or by Telegram (to the Junta Iberdrola account). In addition to these multiple formulas for participation, there are also points of attention in Bilbao, Madrid, Valencia, Valladolid and Zaragoza, which will be open from today until 27 April. There, shareholders can delegate, vote and collect a gift consisting of a cooler-backpack bag made from the plastic of 7 used PET bottles, after having participated, simply by taking their ID card and without the need to hand in the proxy and remote voting cards. In this way, the company combines personal attention with the use of state-of-the-art technology to simplify participation and ensure the proper scrutiny of the Board. Another option is to delegate or vote by telephone by calling the toll-free number 900 100 019, or by using the traditional postal service, sending the signed card to PO Box 1.113, 48080 Bilbao. All shareholders wishing to exercise their proxy or remote voting rights must do so through one of the aforementioned channels before midnight on 27 April, the day before the General Meeting on first call. Shareholders and proxy holders who wish to attend telematically must register between 08:00 and 10:15 a.m. on 28 April (the date of the Meeting, which is scheduled to start at 11:00 a.m. on that day). In order to speed up their registration on the day of the Meeting, they will be able to register in advance on the Participation Portal on the website during the five days prior to the Meeting, i.e., from 23 April. Those who prefer to attend in person must reserve a seat through the Shareholders' Office or the website before 10:15 a.m. on the day of the General Meeting. Iberdrola fosters fluid and permanent communication with shareholders The Shareholders’ Office is the main channel of information between the Company and its shareholders, whose priority objective is to be an open, permanent, and transparent area with all holders of Iberdrola shares, continuously developing initiatives intended to strengthen such relationship and allowing them to be constantly informed and to be able to make proposals regarding the management of the Company. In this way, the Shareholders’ Office serves to respond, at all times, to shareholders' queries, questions or suggestions, through a free telephone helpline (900 100 019) and an e-mail address (accionistas@iberdrola.com), being in contact with the holders of shares voluntarily registered in its database. In addition, the company has a Virtual Shareholder Assistant (VSA), a chatbot designed to respond immediately to queries about the AGM and to provide all the information and links of interest to facilitate your participation in the event. The OLS Shareholders' Club is located on the website, an interactive system that represents a further step in the direct, fluid, and permanent channel of dialogue that Iberdrola maintains with its shareholders. By registering with this club, shareholders may participate in special leisure activities, events, raffles, etc. They may also submit any questions of interest publicly or confidentially, access frequently asked questions and answers on various topics, and, beginning with the call to the General Shareholders' Meeting, exercise their rights to information, proxy representation, and remote voting, as well as view the live broadcast of the meeting. Iberdrola was the first Ibex 35 company to have a specific mobile application for investors and shareholders: Iberdrola Investor Relations . Investors can consult all relevant information on the economic and financial performance of the company from their mobile devices. They can also use this application to follow the company's results presentations, as well as the holding of the General Shareholders' Meeting. It also offers the evolution of the share price, as well as access to share price graphs. READ MORE
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17/04/2023We build Spain's first hybrid wind-solar plant Iberdrola reinforces its innovative and renewable leadership in Spain and will build Spain's first hybrid wind and solar plant in Castilla y León, in the province of Burgos. The company continues with the construction of two photovoltaic plants of 41 and 33 megawatts (MW), which will total more than 170,000 photovoltaic modules and will be located in the Burgos municipalities of Revilla Vallejera, Villamedianilla and Vallejera, to hybridise the existing 69 MW BaCa - Ballestas and Casetona - wind power complex. They have an important local component, which contributes to the dynamisation of the economy and employment in Castile and León. Its development will involve 360 professionals. The company is allocating more than €40 million to the construction of this project, which combines wind and solar energy at a single site. Hybridisation makes it possible to optimise the use of the grid and minimise the environmental impact of projects in the places where they are located. Iberdrola will invest in this technology in the coming years in Spain, with which it aims to improve its renewable resources and make the most of existing locations. Cutting-edge technology The incorporation of solar modules increases the contribution of clean, cheap and competitive energy to the electricity system of these installations and ensures that they supply the maximum amount of green energy originally authorised for each project, for as long as possible. Having two technologies capable of alternating significantly reduces dependence on changing environmental conditions and limitations due to possible lack of resources such as wind or sunshine, facilitating more stable and efficient renewable production. Hybrid generation plants use the same grid connection point and share infrastructures, such as the substation and the evacuation line for the electricity produced. In addition, they are located on land that was already used for renewable generation and allow for common roads and facilities for the operation of both technologies. All of this results in a much lower environmental impact than would have been the case with two independent plants. A new energy landscape that fixes population in rural areas Iberdrola promotes renewable energies as an engine for rural development and in this way the villages emerge as a guarantee for the future. This is the case of the villages of Castile and Leon, surrounded by wind farms and photovoltaic plants that Iberdrola is promoting and which will contribute to a sustainable recovery, allowing the creation of local employment. In the region, the company has begun construction of the Valdemoro and Buniel wind farms, and has obtained the environmental green light for the Alcocero de Mola and Iglesias wind project, the latter with the most powerful onshore wind turbines in the world manufactured by Siemens Gamesa - the first 5.X platform equipment in Spain. In the province of Burgos alone, it has recently built or is developing more than 550 megawatts between seven wind farms. Iberdrola is also currently developing three photovoltaic installations in the region totalling 450 MW - Villarino, Velilla and Virgen de Areños III - and has started up its first photovoltaic plant in the region - Revilla-Vallejera (50 MW) - in the province of Burgos. With these projects, Iberdrola reinforces its commitment to Castile and León, which is consolidating its position as an important centre for renewable developments in the company's investment cycle to 2025, where it already operates more than 5,150 MW, making it the autonomous community with the most 'green' megawatts installed by the company. World leader in renewable energy and storage The Iberdrola group began its commitment to renewable energies and storage more than two decades ago as a fundamental pillar on which to build a clean, reliable and intelligent business model. Thanks to this vision, the company is today a world leader in renewable energies, with 40,000 MW of renewable energy in operation by the end of 2022 and 7,675 MW to be executed in the next four years, and is leading the energy transition towards a low-emission economy. Iberdrola is also a leader in energy storage with a capacity of 4,473 megawatts (MW) installed using pumped storage technology, and more than 200 megawatts in batteries. At the end of 2022, the company reached 101 gigawatt hours (GWh) of storage capacity. Its 2025 Strategic Plan envisages investment of €17 billion in renewable businesses. Thanks to these investments, Iberdrola will increase its installed renewable capacity by 12,100 MW to 52,000 MW in 2025 - 3,100 MW of onshore wind, 6,300 MW of photovoltaic, 1,800 MW of offshore, 700 MW of batteries and 200 MW of hydro. READ MORE
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17/04/2023We have 700 employees with disabilities, 27% more than three years ago Iberdrola has included its social dividend in its bylaws for more than ten years. In other words, its commitment to the societies in which it has a presence, which has the same consideration as its financial dividend. This commitment is stated in the Diversity and Inclusion Report in which the company reports on the most relevant initiatives implemented throughout 2022. It also sets out the main results for the construction of a fairer and more egalitarian working environment and society. Such initiatives cover different aspects of diversity, including gender, generational, cultural, disability, LGBTIQ+. All these aspects contribute to the United Nations 2030 agenda and the Sustainable Development Goals . In the Social area, the objectives cover issues such as the representation of women in relevant positions, beneficiaries in social action programmes, inclusive solutions for customers or purchases from sustainable suppliers. The group now employs more than 40,000 people of 89 different nationalities. This figure represents an increase of 24% compared to three years ago. Four different generations coexist in the workforce, 24% of whom are women, occupying 26% of the top positions (directors and heads of department). Iberdrola has more than 700 employees with disabilities (an increase of 27% in the last three years) and 767 workers located outside their country of origin (19% more than the previous year). The Board of Directors, the highest administrative and representative body of the company, has 43% female directors, with up to six different nationalities represented. The company has supported the training and development of more than 150,000 people, two-thirds of them in STEM (science, technology, engineering and mathematics) areas. In its commitment to women's empowerment, the company has doubled the number of federations sponsored (from 16 to 32), reaching more than 600,000 sportswomen -two out of every three women members-. Iberdrola has extended its sustainability policy to suppliers, including, among other aspects, diversity and inclusion. In 2022, the volume awarded to sustainable suppliers represented 91.5% of the total amount. The company has also invested more than €9.3 million in training and social contribution programmes promoted by the foundations, reaching more than 400,000 direct beneficiaries. Initiatives for vulnerable people With regard to customers, the company has implemented initiatives for vulnerable or economically disadvantaged people (reduced tariffs and flexible and adapted payment methods, etc.). In addition, it promotes accessibility in customer service (channels aimed at people with disabilities, adaptation of physical customer service points to make them more accessible, services available in different languages, etc.). The company, in its quest to deepen its commitment to diversity and inclusion, has established strategic alliances with organisations that advocate for it. For example, it supports 'UN Women', the United Nations specialised agency for the promotion of gender equality and is a signatory to the 'Women's Empowerment Principles' (WEP). All of this activity has been publicly recognised. Iberdrola has been included for the sixth year in the Bloomberg Gender Equality Index (Bloomberg GEI). The entity recognises the company as a benchmark in terms of equal opportunities between men and women and highlights its transparency. Iberdrola is the only Spanish electricity company included in all editions of this index. It has also been recognised by the Dow Jones Sustainability Index as the only European utility to be included in its 23rd edition. In the social section, it is worth highlighting the increase in the score for the following aspects: Remuneration by gender and Breakdown of the workforce. READ MORE
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14/04/2023We increase our renewable production by 11 % in the first quarter, driven by investments in clean energy Iberdrola's investments in renewables have increased the group's energy production and installed capacity in the first quarter of the year. The data sent today to the CNMV shows an increase of 11 % in the group's global renewable energy production, reaching 24,137 gigawatt hours (GWh) in the first quarter of the year. The company exceeded 40,000 MW of installed renewables capacity, reaching 40,344 MW, which is an increase of 5.3 %. Total capacity was above 61,000 MW. By technologies, photovoltaic capacity rose by 40 %, to 4,576 MW, due to new installations in Australia, Spain, the United States and Brazil. Onshore wind increased by 4 %, reaching 20,202 MW. Geographically, Spain has seen the largest renewables capacity increase in the first quarter. Compared to the same period last year, 644 MW of new capacity has been added, mainly solar PV, contributing to a total renewables capacity of 19,953 MW in the country. Brazil added 549 MW of new capacity, including the development of the Oitis wind farm and the Luzia photovoltaic plant. In the United States, the company reached 8,722 MW, with the installation of 357 MW of new renewable energy, including 200 MW of new solar in Oregon. Additionally, 489 MW of new clean capacity have been installed in other markets, with Australia contributing 250 MW. One of the cleanest portfolios in the world The greater contribution of renewable energy increases Iberdrola’s emission-free production ratio to 84%, rising to 90% in Spain. This ensures that the group maintains emissions levels at approximately two-thirds lower than those of its European counterparts. In terms of installed capacity, the investments made by the company mean that more than 80% of its own capacity is emission-free, a percentage that exceeds 90% in the United States and Brazil, while the UK remains 100% green energy. Commitment to energy self-sufficiency As presented at its Capital Markets Day last year, Iberdrola’s commitment to continue to support energy self-sufficiency and decarbonization in the markets where it operates will see clean energy capacity rise to 52,000 MW by the end of 2025. Across these three years, 12,100 MW of new green capacity will be installed – 3,100 MW of onshore wind, 6,300 MW of solar PV, 1,800 MW of offshore wind, 700 MW of batteries and 200 MW of hydro. The group already has 50% of the new capacity secured and around 95% of production will be contracted by 2025. For 2030, the outlook presented at the Capital Markets Day anticipates a renewable generation capacity of 80,000 MW, with a total portfolio of 100,000 MW. Iberdrola has committed to invest 17 billion euros between 2023-2025 in high-quality renewables projects with the best risk/return ratio. Of this amount, 46% will focus on offshore wind in France, Germany, the UK and the United States. Additionally, onshore wind will account for 25% of the investment, photovoltaic 24%, hydro 2% and batteries 3%. READ MORE
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13/04/2023Ignacio Galán, recognised at the UN for his promotion of clean energies Ignacio Galán, the Executive Chairman of Iberdrola, and Chairman of its U.S. subsidiary AVANGRID, was today (13th April) presented with the prestigious Medal of Honour by the World Jurist Association, at an event held at the United Nations headquarters in New York. Mr Galán was recognised for the leadership he has shown in the promotion of clean energy and ESG+F (Socially responsible management: ESG - IberdrolaEnvironmental, Social, & Governance + Financial Performance ) principles. The award was presented by Dr. Ernest Moniz, the 13th United States Secretary of Energy. He served in post between 2013 and 2017 and was credited with advancing American leadership in science and clean energy technology innovation. Introducing Mr Galán, Dr Moniz noted that, as an engineer, Mr Galán set out to change the electricity industry and that the strong commitment Iberdrola made to renewables more than two decades ago showed vision and commitment. He stated that the award recognised a pioneer in the renewable energy revolution, describing Mr Galán as a “planetary and corporate hero”. Accepting the award, Ignacio Galán, said: “As an engineer, I am honoured to receive this prestigious award from such a distinguished law institution. For more than two decades, Iberdrola has been focused on delivering a cleaner, more secure, and efficient energy system. Our strategy is based on transparency, teamwork, responsibility, and professionalism, with ESG+F principles as our foundation. “The successful transition to a cleaner energy model will require the active participation of all administrations, institutions, companies, and civil society. Iberdrola will remain fully committed to helping to deliver the energy transition , to creating value for all, and to ensuring best practices in corporate governance and rule of law.” Other Medal of Honor recipients included Stephen Breyer, Retired Associate Justice of the Supreme Court of the United States, who was introduced by Bill Clinton, the 42nd president of the United States. Previous recipients of awards from the WJA include King Felipe VI of Spain, Ruth Bader Ginsburg , former Associate Justice of the Supreme Court of the United States, and Christine Lagarde, president of the European Central Bank. The World Jurist Association, founded in 1963, is a non-governmental organization with special consultative status at the United Nations Economic and Social Council. The organization is dedicated to pursuing “a world ruled by law, not force” and works closely with governments, non-governmental organizations and international associations to foster a cooperative dialogue on world peace. Iberdrola’s focus on renewable energy and smart grid networks has placed it at the forefront of the energy transition. In the last two decades, the company has grown from the 20th largest electricity utility in the world, to the second largest by market cap, at the same time as leading the industry in climate ambition with a focus on the creation of a social dividend for all stakeholders. The company has invested over €140 billion during Mr Galán’s tenure, closing all of its 17 coal and fuel oil capacity across the world and establishing an industry leading renewable energy capacity of 40,000 megawatts (MW). The €47 billion of investments planned between 2023 and 2025 will underpin the company’s ambitious Climate Action Plan . Iberdrola aims to achieve carbon neutrality for scopes 1 and 2 by 2030 and net-zero emissions before 2040 for all scopes. READ MORE
