According to the new edition of the ‘Global 100 Most Sustainable Corporations in the World’ drawn up by Corporate Knights each year
Iberdrola, only Spanish electric utility among 100 most sustainable companies worldwide
- The results were presented this morning coinciding with the annual meeting of the World Economic Forum in the town of Davos in Switzerland
- The methodology for the index was updated this year, assessing aspects such as management of natural resources and people, as well as financial performance
IBERDROLA has been selected for yet another year as one of the 100 most sustainable companies in the world, according to the Global 100 Most Sustainable Corporations in the World index drawn up by the prestigious publication Corporate Knights. The company is the only Spanish utility to be included in this annual ranking.
The names of the companies selected for this index were presented today during the annual meeting of the World Economic Forum, which is being held in Davos-Klosters (Switzerland).
Some 5,000 companies from the industrial sector worldwide, with a market cap in excess of US$2 billion, were analysed in the process of drawing up this ranking.
Corporate Knights takes 14 quantitative key performance indicators into account when deciding on the Global 100 Most Sustainable Corporations in the World. Most of these focus on three core issues: how natural resources, finances and people are managed.
Other factors that are considered are companies’ scale as distributors, their commitment to innovation - an area to which Iberdrola allocates some €200 million a year - and their contribution to achieving clearer air for all by reducing their emissions.
To this end, Iberdrola has a strong commitment to combating climate change and has pledged to reduce the intensity of its emissions by 50% by the year 2030 compared to 2007 levels, and to be carbon-neutral by 2050. At present, two-thirds of the group’s installed capacity are emissions-free.
Diversity also plays an important role in the Global 100 Most Sustainable Corporations in the World and one of the aspects assessed is the presence of women on the Board of Directors.
In this regard, there are five female members in IBERDROLA’s most senior management body - over 35% of the total - and all of its consultative committees - the Audit and Risk Supervision Committee, the Appointments Committee, the Remuneration Committee and the Corporate Social Responsibility Committee - are chaired by women.