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2021-11-08 00:00:00.0

The statements were made during a meeting this afternoon at COP26

John Kerry and Ignacio Galán emphasise the critical role that business plays in achieving climate goals

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John Kerry and Ignacio Galán emphasise the critical role that business plays in achieving climate goals.

In a meeting with Ignacio Galán, chairman of Iberdrola, John Kerry highlighted the company's contribution in the United States

Former Secretary of State and current US Special Envoy for Climate Change, John Kerry, and Ignacio Galán today paid tribute to the important role the private sector plays in helping countries achieve their climate and decarbonisation goals.

Kerry met today in Glasgow as part of COP 26 with executives from major companies that have contributed greatly to the United States in this regard, including the head of Iberdrola, Ignacio Galán.

Iberdrola, a leader in the development of offshore wind energy and the third largest player in onshore wind energy, is contributing to this green transition.

Participants at the meeting agreed that private enterprises should set ambitious goals and work hard to accomplish them, as Iberdrola has done as part of the Europe 2030 plans by becoming the company with the lowest emissions among the world's largest utilities.

Companies should build cross-sector coalitions to enable a rapid transition, as Iberdrola has done with other companies.

At the most recent climate summit in Madrid, Iberdrola's CEO and John Kerry were able to discuss the global goals that businesses should pursue in regard to climate change, as well as the private sector's role in accelerating the decarbonisation of the economy.

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About Iberdrola

Iberdrola is a leading global energy supplier -the third-largest by market capitalisation in the world and the leader in renewables- championing the energy transition towards a low-emissions economy. The group supplies energy to around 100 million people in dozens of countries and has renewable, grid and retail activities in Europe (Spain, the UK, Portugal, France, Germany, Italy and Greece), the US, Brazil, Mexico and Australia, while counting markets including Japan, Ireland, Sweden and Poland among its growth platforms.

With a workforce of more than 37,000 and assets of over €122.5 billion, it recorded turnover in excess of €33 billion and net profit slightly exceeding €3.6 billion in 2020. The company contributes to the maintenance of 400,000 jobs in its supply chain, with an annual procurement budget of €14 billion. A leader in the fight against climate change, Iberdrola has committed more than €120bn over the last two decades to building a sustainable energy model based on sound environmental, social and governance (ESG) principles.