Iberdrola ranked in the FTSE4Good index for the tenth consecutive year
- The company has fulfilled the strict requirements of this prestigious index which, on this occasion, focuses on environmental conservation, social commitment and corporate governance
Iberdrola has been included, for the tenth consecutive year, in the prestigious FTSE4Good international index, designed to encourage investment in the world’s most sustainable companies.
The company has succeeded in meeting the strict requirements imposed by the committee that decides who will be included in the index. This decision is based on an increasingly demanding methodology consisting of 195 indicators, which include environmental conservation, social commitment and corporate governance.
Appearing in the FTSE4Good index reaffirms Iberdrola’s success with work standards, human rights, safety and health, biodiversity, climate change, water and customer responsibilities and social aspects of the supplier chain.
Likewise, the company has complied with the organisation’s corporate governance, risk management, anticorruption mechanisms and tax transparency requirements.
Iberdrola already has a capacity of almost 29,500 megawatts (MW) of renewable electricity generation and it is a world leader in wind energy with more than 16,000 MW of installed power, both onshore and offshore.
Iberdrola is the only power company in Europe to have been included in all 19 editions of the Dow Jones Sustainability Index (DJSI), a clear sign of its strong commitment to sustainability and recognition of its strategy, which has responded successfully to the main economic, environmental and social challenges of the international energy policy.
Added to this is the group’s presence in the main international sustainability index's, which include MSCI, Sustainalytics, ISS-oekom, Bloomberg GEI, Euronext Vieto Eiris índices, Global100, EcoVadis, etc.
Contribution to the Sustainable Development Goals (SDGs)
Iberdrola has incorporated the Sustainable Development Goals (SDGs) defined by the United Nations for the 2015-2030 horizon into its business strategy and its sustainability policy, and it is a benchmark for its direct contribution to global objectives, particularly in its contributions in the field of energy and climate change.
The group has proven that it is firmly committed to achieving the Sustainable Development Goals (SDG) of the UN Agenda 2030 by being ranked, yet again, on the FTS4Good index.
The company focuses its efforts on the supply of affordable and clean energy (Goal 7) and on climate action (Goal 13) whilst also contributing directly to ensuring clean water and sanitation (Goal 6), increasing its investment in R&D&I activities (Goal 9), promoting respect for the life of terrestrial ecosystems (Goal 15) and working to establish partnerships to achieve the goals (Goal 17).
Furthermore, Iberdrola has always shown its commitment to reducing emissions to combat climate change and move towards the decarbonisation of the economy. The company has set the new environmental objective of achieving a 50% reduction in its CO2 emission intensity by 2030 over 2007 levels, and of being carbon neutral by 2050.
Because of its generation mix, investments profiles and commitments, Iberdrola is a key stakeholder in the electricity sector’s contribution to decarbonisation of the global economy.