IBERDROLA ONCE AGAIN INCLUDED IN THE DOW JONES SUSTAINABILITY INDEX
Main global benchmark for measuring corporate contribution towards sustainable development
- The company is the only European electrical utility to have been selected in the sixteen editions of the DJSI, a fact that ratifies its firm commitment towards sustainability
For yet another year, IBERDROLA has been nominated for the prestigious Dow Jones Sustainability Index (DJSI), the main international benchmark for measuring how companies contribute towards sustainable development.
On the basis of an effective strategy that makes sustainability one of the pillars underpinning its operations and with an overall score of 87 points in the 2015 edition, the company continues to strengthen its position at the forefront of its sector in this new review of the ranking announced today.
The DJSI has acknowledged IBERDROLA for its policies, which are geared towards combating climate change, developing human capital, protecting biodiversity, engaging stakeholders, managing the chain of supply and attracting and retaining talent. The company was also commended for the codes of conduct it has implemented.
It has also once again been ranked among the eight most sustainable electric utilities in the world because of its strategic approach based on international growth and the development of renewable energies. IBERDROLA has some 25,000 MW from renewable electricity generation sources and it is the world leader in wind power with an installed capacity of over 14,600 MW.
IBERDROLA is the only European electrical utility to have been included in all 16 editions of the DJSI. This proves its firm 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.
Reference in combating climate change
Given the characteristics of its generation mix, its investment profile and the commitments it has undertaken, IBERDROLA is poised to become a reference in the electricity sector's contribution to the decarbonisation of the world economy and reducing greenhouse gases with a view to combating climate change.
IBERDROLA will be actively involved in the Paris climate summit, where it will be presenting its commitment to reduce the intensity of its CO2 emissions by 50% by 2030, compared to the 2007 levels, and to be carbon-neutral by 2050. The company's emissions per kWh are currently 30% lower than the average of the European electricity sector.
The new goal set by IBERDROLA follows other recent initiatives by the Group, such as endorsing an open letter to world leaders, in which the CEOs of 43 major corporations urge concrete action in order that an ambitious agreement may be reached at the World Climate Summit. The signatory companies, which belong to 20 different economic sectors with operations in over 150 countries, have committed to taking measures aimed at helping control global warming.
IBERDROLA was the first Spanish company and one of the first in the world to obtain AENOR certification according to the UNE ISO 14064-1:2006 standard for its greenhouse gas emissions inventory, a catalogue at Group level that covers all its activities in Spain, the UK, the US and Latin America.