Key global index measuring corporate contribution towards sustainable development
Iberdrola tops the Dow Jones Sustainability Index utilities industry group
? With 91 points in the 2016 ranking, it is the only European electricity utility to have been selected in all seventeen editions of the DJSI, proof of the company's strong commitment towards sustainability
Iberdrola has been selected today as the world's top utility by the prestigious Dow Jones Sustainability Index (DJSI), the main international benchmark for measuring how companies contribute towards sustainable development.
The company, which scored 91 points in the 2016 edition, continues to strengthen its position at the forefront of its industry in this new review of the ranking on the basis of an effective strategy that makes sustainability one of the pillars underpinning its operations.
The DJSI has acknowledged Iberdrola for its policies, which are geared towards combating climate change, investing in renewable energy, developing human capital, protecting biodiversity, engaging with stakeholders, managing the supply chain, attracting and retaining talent, and implementing solid codes of conduct.
Also, it has once again been ranked among the nine most sustainable electricity utilities in the world due to its strategic approach based on international growth and the development of renewable energies. Iberdrola owns and operated some 25,000 MW of renewable electricity generation capacity and is the world's wind power leader with an installed capacity of over 14,700 MW.
Furthermore, Iberdrola is the only European electrical utility to have been included in all 17 editions of the DJSI. This proves its strong commitment towards sustainability and the effectiveness of its strategy in responding to the main economic, environmental and social challenges facing energy policy in the domestic and international spheres.
Benchmark in the fight against climate change
Iberdrola has incorporated the UN Sustainable Development Goals (SDGs) for 2030 to its business strategy and sustainability policy and has become a world benchmark for its direct contribution towards meeting global targets, in particular in energy and climate change.
To this end, the company is committed to guaranteeing universal access to safe, sustainable and clean energy, having become a global wind energy leader. Iberdrola runs the Electricity for All programme through which over 1.5 million people in developing nations have already gained access to electricity supply and is poised to meet its 4 million target by 2020.
On the other hand, Iberdrola is well known for its commitment with emissions reduction to fight against climate change and advancing towards the decarbonisation of the economy. The company is bent on reducing the intensity of its CO2 emissions by 50% by 2030, compared to the 2007 levels, and becoming carbon-neutral by 2050.
Given the characteristics of its generation mix, its investment profile and the commitments it has undertaken, Iberdrola is poised to become the electricity sector's standard for its contribution to the decarbonisation of the world economy and meeting the target of keeping the global temperature increase below 2°C compared to pre-industrial levels.
Iberdrola's Manifesto against climate change, unveiled at the 2015 Climate Summit in Paris, creates the foundations of the company's efforts to stop global warming. In addition to its ambitious emissions reduction target, the company highlights the need to promote sustainable and efficient renewable technologies.