SOCIAL CONTRIBUTION

Creating value for society

Loyal to our firm commitment to creating sustainable value for society at large, Iberdrola group works tirelessly to strengthen the initiatives that make up our social dividend, with the intention that our activity should nurture the development of the communities in our areas of influence. Therefore, environmental, social and governance (ESG) factors are intrinsic to our strategy and we are focused on contributing to sustainable 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 tripled by 2030 to 95 GW, after reaching 60 GW in 2025 — opposed to over 35 GW at the close of the First Quarter 2021 —. In addition, 90 % of the group's long-term plan is aligned with the European Union's green taxonomy.


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 the First Quarter 2021, Iberdrola recruited 2,500 new professionals and 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 38,200 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, where its emissions have already reached historic lows in the period (28 g CO2/kWh), and to reduce its overall CO2 emissions 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


CONTRIBUTING TO SUSTAINABLE DEVELOPMENT

Líderes en ESG.

Leaders in ESG

Our commitment to sustainable development entails investment in ESG factors, which have been an integral part of the Iberdrola group strategy for 20 years
Impulsamos los ODS.

We promote the SDGs

We have incorporated the United Nations Sustainable Development Goals into our business strategy and help to achieve them through our social dividend.
En el núcleo de nuestra cultura corporativa.

In the core of our corporate culture

At Iberdrola, one of the basic premises for the success of our business model is the sustainable development of the communities in which we operate and the welfare of people in general.