It recognises the company's strategy to reduce emissions and climate management throughout the supply chain.
Recognised as a Supplier Engagement Leader by CDP
- The company has been engaging its more than 20,000 suppliers worldwide on ESG criteria for several years.
- The group has made purchases around the world worth €17.8 billion.
Iberdrola has been included for yet another year in the Supplier Engagement Leaderboard, prepared by CDP, a recognised organisation that has been working for more than twenty years on the transparency and performance of the climate practices of the different actors, with the climate action of its entire value chain being recognised.
CDP has singled out Iberdrola for its work in engaging its suppliers on climate change, its efforts to measure and reduce this risk in its supply chain and its commitment to fighting climate change.
Iberdrola has been involving its more than 20,000 suppliers around the world in ESG (environmental, social and governance) objectives for several years. To this end, it has set a target that 85% of its more than 1,000 main suppliers worldwide -those with a turnover with the company of more than €1 million- will be governed by ESG criteria by 2025.
CDP develops this annual ranking, in which it evaluates and promotes the climate actions of companies in the supply chain. The companies with the best ratings are rated as Supplier Engagement Leaders.
This distinction comes a few months after Iberdrola's recognition on the CDP's so-called "A List", which groups together the world's leading companies for their climate action plans and transparency in information.
In addition to its inclusion in this list, the group is also included in the main international sustainability indices, including the Dow Jones Sustainability Index, MSCI, Sustainalytics, Bloomberg GEI, Euronext Vigeo Eiris indices, Global100, EcoVadis, etc.
Committed to the highest ethical standards
Iberdrola has incorporated the Sustainable Development Goals (SDGs), defined by the United Nations for the 2030 horizon, into its business strategy and sustainability policy, and is a benchmark for its direct contribution to the global goals, highlighting its contributions in the field of energy and climate change.
The company focuses its efforts on the provision of affordable and clean energy (goal 7) and climate action (goal 13), while contributing directly to ensuring clean water and sanitation (goal 6), has increased its investment in R&D&I activities (goal 9), promotes respect for the life of terrestrial ecosystems (goal 15) and works to build partnerships to achieve the goals (goal 17).
The company has once again demonstrated leadership in environmental care by reducing our emissions to just 59 g/kWh, a quarter of that of our European peers, aiming to achieve zero net emissions in power plants and own consumption by 2030, and across its entire business by 2040.