CORPORATE SOCIAL ACTION

We use the LBG methodology to measure the impacts of our social projects

#economy #business #society

The Iberdrola group contributes towards the creation of sustainable value for all of its Stakeholders by way of its social dividend, which is made up of multiple elements: investment in equity, job creation, tax contribution, purchases from local suppliers, protecting the environment and biodiversity, and our corporate social action — into which we channelled over €53 million in 2018 —. The methodology used for measuring, managing and communicating our corporate social action is the LBG model. We invite you to find out more.

WHAT IS THE LONDON BENCHMARKING GROUP METHODOLOGY?

The LBG model, acknowledged by the Dow Jones Sustainability Index (DJSI), facilitates the management, measurement and communication of the activities that companies and their employees perform in favour of society and the environment — sponsorships, initiatives, volunteer schemes, etc. —. It is a simple and, at the same time, rigorous methodology that provides reliable data regarding the contributions, achievements and impacts of what is known as corporate social action, this being understood as everything that a company does on a voluntarily and non-profit-making basis for the communities within which it operates, above and beyond its own corporate activity, for people, not-for-profit organisations and the environment.

Using a common language and tool — Masimpact —, the LBG methodology makes the aggregation of data and comparison on a national and international scale between LBG companies possible. It also facilitates the selection of resource optimisation projects by providing a greater social and corporate benefit.

London Benchmarking Group (LBG) Methodology.#RRSSLondon Benchmarking Group (LBG) Methodology.

Find out more about the main characteristics of the LBG model

In addition to the geographical plan, LBG establishes three plans for classifying the initiatives within the community: by motivation, namely why the company contributes. This can involve contributions that are one-off, long-term or aligned with the business. By sphere of contribution, in other words in what way the company contributes, for example, education and youth, health, the environment, social wellbeing, art and culture, etc. And finally, by type — be it money, employee time or in kind —.

Once they have been classified, it is possible to analyse each initiative individually within the framework of the LBG matrix — contributions / achievements / impacts —, in such a way as to attempt to quantify not only the immediate achievements of the contribution (for example, by way of the number of direct and indirect beneficiaries or the number of beneficiary organisations) but also the impact it generates within the community and the business (by identifying whether there has been a positive change in behaviour, if new skills have been acquired or if quality of life has improved).

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The LBG España Group was formed in 2007 by a total of nine companies — Abertis, Agbar, Barclays, BBVA, Ferrovial, Gas Natural, Iberdrola, Repsol and Telefónica —. The group now has 18 member companies, all of which are coordinated by MAS Business.

OUR CONTRIBUTION TO SOCIETY

Our social actions, performed in partnership with the civil society administrations and organisations, constitute another aspect of the Iberdrola group's commitment to the community while contributing to the company's social dividend.

The social projects we design and implement contribute towards the United Nation's Sustainable Development Goals (SDGs) and are, therefore, an important part of our social dividend. The company has scrupulously classified more than 95% of its social programs in accordance with the objectives corresponding to the different SDGs.

Contribution of Iberdrola's social initiatives per SDG.#RRSSContribution of Iberdrola's social initiatives per SDG.

 

Iberdrola, a LBG company.#RRSSIberdrola, a LBG company.

 SEE INFOGRAPHIC: Iberdrola, a LBG company [PDF]
 

Detailed information about our corporate social action is available in our Non-financial Information Statement. 2018 Sustainability Report [PDF] (pages 201-205). Every year the company checks the veracity of these data by way of an external verification and makes the LBG Assurance Statement (*) Nota [PDF] available to the public.

 

 Iberdrola group's social contribution

 Our foundations

 International Corporate Volunteer Program

   

(*) Spanish version.