SOCIAL CONTRIBUTION

Creating value for society

By 2025, Iberdrola will continue to strengthen its environmental, social and governance (ESG) pillars. 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.

Outlook 2020-25 ESG.

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OUTLOOK 2020-2025 ESG
Leader in ESG

(E)

  • Emissions per kWh;
    • gCO2/kWh:
      • 2019: 110
      • 2022e: ~100
      • 2025e: <70
  • Biodiversity: reforestation;
    • Trees, in Million:
      • 2019: -
      • 2022e: 2.5
      • 2025e: 8
  • Water consumption;
    • m3 /GWh:
      • 2019: 583
      • 2022e: <500
      • 2025e: <420
  • Smart Grid implementation;
    • % of HV and MV grids:
      • 2019: 68
      • 2022e: 75
      • 2025e: 83
  • Smart meters;
    • Number, in Million:
      • 2019: 14.5
      • 2022e: 16.7
      • 2025e: 21.2
  • R&D investment;
    • Million Euros:
      • 2019: 280
      • 2022e: 330
      • 2025e: 400

(S)

  • Training hours;
    • Hours/employee year:
      • 2019: 55
      • 2022e: >55
      • 2025e: >55
  • Customers: smart services;
    • Number, in Million:
      • 2019: 8
      • 2022e: 12
      • 2025e: 18
  • Jobs supported;
    • Contribution to employment:
      • 2019: ~400,000
      • 2022e: >400,000
      • 2025e: >500,000
  • Women in leadership positions;
    • % of management positions:
      • 2019: 20
      • 2022e: 25
      • 2025e: ~30
  • Gender pay gap;
    • % women / men ratio:
      • 2019: +5.2 %
      • 2022e: +/-2 %
      • 2025e: +/-2 %
  • Electricity for All;
    • Beneficiaries, in Million:
      • 2019: 7
      • 2022e: 11.5
      • 2025e: 14
  • Foundation;
    • Beneficiaries, in Million:
      • 2019: -
      • 2022e: 1.3
      • 2025e: 1.4

(G)

  • Best practices in Governance1
    • Inclusion in Corporate Governance System:
      • 2019: Yes
      • 2022e: Yes
      • 2025e: Yes
  • Cybersecurity;
    • Annual number of security assessments:
      • 2019: 800
      • 2022e: 1,800
      • 2025e: 2,000
  • Suppliers;
    • % of supplier with sustainable policies:
      • 2019: 48 %
      • 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, with 40 % of organic investments allocated to smart grids and 51 % to renewable energy.


Outlook 2020-2025 | 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, which total return (TSR) in 2019 stood at 14%. 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 2019, Iberdrola generated nearly 400,000 direct, indirect and induced jobs around the world. The commitment to the professional development of our more than 35,000 employees translates into 55 training hours per employee. It also includes the implementation of measures to favour employees' work-life balance, in which Iberdrola is a pioneer. The commitment to training and employability of our human team has been boosted by the creation of our Campus of 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 2019 we dedicated around €280 million to R&D activities, having increased our investment by 115% over the last 10 years.


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 to reduce absolute Greenhouse Gases emissions by 2030 from a 2017 base-year and to be carbon neutral by 2050 at a global level. According to the 2019 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 €20 billion in 2019*. In addition, Iberdrola implements a responsible supply chain management policy, sharing best practices for sustainability with all its trading partners.


Suppliers


Footnote: * Including energy raw materials.

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


Throughout 2019, the foundations of the Iberdrola group have continued to develop programs 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 2019 through the investment of 8.8 million euros in training and master's and doctoral scholarships at universities in Spain and abroad.


Society

 

(*) Nota Including Iberdrola's own taxes and collected taxes.