SOCIAL CONTRIBUTION

Creating value for society

By 2025, Iberdrola will continue to strengthen its environmental, social and governance (ESG) pillars through its 'Energy to Thrive' plan, as part of which it will implement more than 350 measures to strengthen this approach. At the end of the period, our investments in R&D will amount to 400 million euros; we will have contributed to sustaining up to 500,000 jobs globally, tripled our actions in cybersecurity and ensured that 75 % of our suppliers have sustainability policies. In addition, around 20,000 new recruits are expected and we will continue to increase the number of training hours per employee, which is now four times above the European average. On the environmental level, our investment strategy in clean energy and networks will lead us to become a zero carbon company in Europe by 2030 and reduce our global CO2 emissions by 86 % to 50g/kWh.

Leader in ESG.

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Leader in ESG

(E)

  • Emissions per kWh;
    • gCO2/kWh:
      • 2020: 98
      • 2022e: ~100
      • 2025e: <70
  • Biodiversity: reforestation;
    • Trees, in Million:
      • 2020: -
      • 2022e: 2.5
      • 2025e: 8
  • Water consumption;
    • m3 /GWh:
      • 2020: 434
      • 2022e: <500
      • 2025e: <420
  • Smart Grid implementation;
    • % of HV and MV grids:
      • 2020: 70
      • 2022e: 75
      • 2025e: 83
  • Smart meters;
    • Number, in Million:
      • 2020: 14.9
      • 2022e: 16.7
      • 2025e: 21.2
  • R&D investment;
    • Million Euros:
      • 2020: 293
      • 2022e: 330
      • 2025e: 400

(S)

  • Training hours;
    • Hours/employee year:
      • 2020: 53
      • 2022e: >55
      • 2025e: >55
  • Customers: smart services;
    • Number, in Million:
      • 2020: 9
      • 2022e: 12
      • 2025e: 18
  • Jobs supported;
    • Contribution to employment:
      • 2020: ~400,000
      • 2022e: >400,000
      • 2025e: >500,000
  • Women in leadership positions;
    • % of management positions:
      • 2020: 22
      • 2022e: 25
      • 2025e: ~30
  • Gender pay gap;
    • % women / men ratio:
      • 2020: +7.3 %
      • 2022e: +/-2 %
      • 2025e: +/-2 %
  • Electricity for All;
    • Beneficiaries, in Million:
      • 2020: 8
      • 2022e: 11.5
      • 2025e: 14
  • Foundation;
    • Beneficiaries, in Million:
      • 2020: -
      • 2022e: 1.3
      • 2025e: 1.4

(G)

  • Best practices in Governance1
    • Inclusion in Corporate Governance System:
      • 2020: Yes
      • 2022e: Yes
      • 2025e: Yes
  • Cybersecurity;
    • Annual number of security assessments:
      • 2020: 1,200
      • 2022e: 1,800
      • 2025e: 2,000
  • Suppliers;
    • % of supplier with sustainable policies:
      • 2020: 47 %
      • 2022e: 70 %
      • 2025e: 75 %

1A leader in Corporate Governance for years in accordance with the highest national and international standards for listed companies:

(Recognition for 7 consecutive years as a Spanish company with best Corporate Governance practices by the World Finance Corporate Governance Awards)

Listed and non-listed country sub-holding companies and subsidiaries also have the highest international standards.

Ongoing review of corporate governance system:

(Ongoing implementation of best-in-class Diversity & Inclusion policies)

Compliance System reflects best practices and international standards:

(Included in the list of World Most Ethical Companies since 2014, published by the Ethisphere Institute (USA))

(ISO 37001 and UNE 19601 in force)

(Compliance Leader Verification issued by Ethisphere Institute (USA))

(Award for the best compliance system 2018 -2019 awarded by Expansión)
 

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 Download our infographic of social contribution [PDF]      Our commitments

 

We explain how our activities lead to the positive development of all communities in which we operate thanks to the company's so-called 'social dividend'.

CREATING STABLE AND QUALITY JOBS, CONTRIBUTING TO SUSTAINABLE ECONOMIC DEVELOPMENT

We invest

to look ahead to the energy transition

We invest to look ahead to the energy transition


Iberdrola is in the midst of in a stage of sustainable growth in its main geographical and business areas to continue responding to the challenges of the energy transition, providing solutions that have shaped the company, such as the utility of the future after having anticipated the trends of the sector. The planned investments amount to €75 billion by 2025 — and €150 billion in 2030 —, with 40 % of organic investments allocated to smart grids and 51 % to renewable energy, a technology whose capacity will be doubled to 60 GW by the end of the period — opposed to 34.8 GW at the close of the Fiscal year 2020 —.


Sustainability Report

We create value

for our shareholders

We create value for our shareholders


We provide an increasing remuneration for our almost 600,000 shareholders, outperforming in 2020 the Eurostoxx utilities by 18 % and the Ibex-35 by over 40 % giving a total return for shareholders of 800 % over the last 20 years. Iberdrola also maintains a constructive, ongoing and effective dialogue with its shareholders so it is aware of their opinions and concerns and can encourage their involvement in the life of the company.


Shareholders

We generate employment

and encourage professional development

We generate employment and encourage professional development


In 2020, Iberdrola provided almost 400,000 direct, indirect and induced jobs around the world, a figure that it set to rise to 500,000 by 2025. Our commitment to support the career aspirations of our more than 36,500 employees is evidenced by the 53 training hours per employee that we provide — four times the European average — and our use of measures to improve the work-life balance, an area where Iberdrola is a pioneer. An important factor of our commitment to improving training, skills and the employability of our workforce is the creation of our Campus in San Agustín de Guadalix (Madrid).


Talent

We support

innovation and entrepreneurship

We support innovation and entrepreneurship


Innovation will continue to be an essential tool to keep Iberdrola at the forefront of the transformation of the sector, as reflected by our position as the most innovative Spanish utility and the third most innovative in the world. In 2020 we dedicated €293 million to R&D activities, having increased our investment by 115 % over the last 10 years. The company is further increasing investment in this area to 330 million per year in 2022, rising to 400 million in 2025.


Innovation | Sustainability Report

We take care of

the environment and we are committed to energy efficiency

We take care of the environment and we are committed to energy efficiency


Iberdrola established the environmental commitment for 2030 to be carbon neutral in Europe and to reduce its overall CO2 emissions by 86 % to 50 g/kWh, with the objective of being carbon neutral by 2050 at a global level. According to the 2020 Dow Jones Sustainability Index the company is one of the 15 world's most sustainable electricity companies. It is also the only European electricity company to have been included in all 21 editions of the aforementioned index.


Environment | Energy efficiency

We are strengthening

our pull effect with suppliers

We are strengthening our pull effect with suppliers


We continue to have a pull effect on our more than 22,000 suppliers, with purchase contracts that amounted to €14 billion in 2020. In addition, Iberdrola implements a responsible supply chain management policy, sharing best practices for sustainability with all its trading partners. In this regard, the company has undertaken to ensure that by 2025 at least 75 % of its suppliers will have sustainability policies.


Suppliers

We offer

products adapted to the needs of our customers

We offer products adapted to the needs of our customers


Commitment to our customers, the more than 100 million people we supply with energy around the world, is evident in the safe, high-quality supply that we offer through increasingly efficient equipment and technologies, together with the best and most innovative energy solutions that we put at their disposal, driven by the intense digital transformation of the company.


Sustainability Report

We are committed

to society, training and research

We are committed to society, training and research


Iberdrola's tax contribution in 2020 increased to some 7.5 billion euros worldwide, of which 3.4 billion was in paid Spain. In addition, throughout 2020 the group's foundations have continued to implement programmes in the fields of training and research, conservation of biodiversity, promotion of art and culture, and cooperation. The contribution of the company to the goal of quality education materialized in 2020 through the investment of 6.9 million euros in training and master's and doctoral scholarships at universities in Spain and abroad.


Society

WE PARTICIPATE IN THE SPANISH BUSINESS COUNCIL FOR SUSTAINABLE DEVELOPMENT 

Iberdrola, and a further 24 large companies, have set up the Spanish Business Council for Sustainable Development, which represents Spain on the World Business Council for Sustainable Development (WBCSD). The body is a high-level meeting place where the top executive with leading companies will work to devise a joint strategic response to drive ambition and support action in the face of significant environmental, social and governance (ESG) challenges.

At the inaugural session in February 2021, the Council issued a joint declaration setting out the commitments assumed by members with regard to the climate emergency, good corporate governance and social inequality, to inspire and accelerate business action for sustainable development. In the declaration, the signatory companies propose:

 Setting themselves the target of achieving zero net greenhouse gas emissions (GGE) within this decade, if possible, and at the latest by 2050, and that they should have a science-based plan that aims to achieve this.

 Establishing ambitious long and short term environmental goals that will help to restore nature and biodiversity by 2050.

 Including support for the UN Guiding Principles on Business and Human Rights, by implementing a policy that respects human rights and a due diligence process.

 Advocating for inclusion, equality, diversity and eliminating discrimination in all its forms.

 Holding themselves to the highest standards of corporate governance and transparency by disseminating information relating to sustainability [PDF], and aligning their business risk management with environmental, social and governance risks.