AGAINST CLIMATE CHANGE
Iberdrola's group environmental commitment
The electricity sector plays a key role in fulfilling the goal set by the historic Paris Agreement to keep global temperature rise well below 2ºC, leaving the door open at 1.5º C.
Iberdrola group, global leader in the fight against climate change, — goal no. 13 of the Sustainable Development Goals (SDGs) — and active participant of the different Climate Summits, is fully aligned with this international agreement.
Iberdrola's group objectives to fight against climate change.
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The company has set forth the following environmental goals for the coming decades:
- To reduce CO2 intensity emissions by 30% in 2020 compared to the company's specific emissions in 2007.
- To lower those intensity emissions to less than 150 g per kWh by 2030, representing a 50% decrease in specific emissions compared to 2007.
- And, last but not least, to be carbon neutral by 2050.
Targets for scopes 1, 2 and 3 approved by the Science Based Target Initiative in January 2019.
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The 50 companies grouped together in the Alliance of CEO Climate Leaders organized by the World Economic Forum, including the Iberdrola group, have reduced their CO2 emissions by nearly 48 million tonnes between 2015 and 2016, a 10% fall. These companies prepared to actively participate in the Katowice Climate Change Conference (COP24) and show the private sector's willingness to work together to meet the Paris climate goals. Through an open letter they implored world leaders to be more ambitious in their struggle against global warming, establishing clear working principles to accelerate the transformation.
WE ADVOCATE FOR A DECARBONISED FUTURE
Iberdrola seeks to actively and decisively contribute to a low-carbon sustainable future, an effort that will also drive social and economic development through the creation of jobs and wealth. According to its fight against climate change, Iberdrola currently leads the biggest international indexes.
Iberdrola's lines of action to fight against climate change.
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- Preventing pollution by gradually reducing greenhouse gas emissions.
- Supporting international negotiations and the significant involvement of the private sector to meet goal thirteen of the Sustainable Development Goals: Climate Action.
- Holding on to the position as global leader in renewable energy.
- Actively fostering a culture that promotes the efficient and responsible use of energy, involving every Stakeholder.
- Promoting internal employee training and encouraging suppliers to adopt appropiate policies.
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At the close of the Fiscal year 2018, of the total installed capacity of the group, 61% corresponds to renewable energies and 68% is free of emissions. The company has performed a 24% decrease in specific NOx emissions, 39% of specific SO2 emissions and 33% in specific particle emissions versus the same period of last year.
Iberdrola's group progress in reducing emissions at close of 2018.
INITIATIVES, PROJECTS AND ACTIONS
Iberdrola takes an active role in leading the fight against climate change in the international institutional sphere. The company does this by raising awareness, and by acting as an agent for change through its involvement in various lobbies, coalitions and international organisations:
An organisation whose members include a significant portion of the world business community and which works to create a sustainable future from the corporate, social and environmental point of view.
Collaborative association of companies and the public sector operating on a global scale to promote the development of technological solutions to cap the rise in global temperature at less than 2ºC by the end of the century.
Group of companies that take a leadership role in providing solutions to climate change with a focus on Europe, but with a global vocation.
An initiative by companies, governments and the World Bank that works to reinforce the worldwide implentation of carbon pricing, considered as a key measure for climate action.
This is one of the most influential think tanks worldwide. Specialised in the economic sphere, it encourages rigorous debate on European policies.
LEAD is a project forged in the core of the Global Compact by companies that have traditionally shown the strongest commitment to the Global Compact, both locally and globally. This is a collaborative space to generate advanced practices in corporate sustainability.
This coalition of corporate organisations works with the most influential businesses and investors to progress towards a low-carbon economy.
Iberdrola has registered its commitments to climate change with NAZCA, the Non-State Actor Zone for Climate Action. NAZCA registers the climate action pledges of companies, cities, regions, sub-national governments and investors. A large number of the commitments captured in NAZCA come together worldwide under the Lima-Paris Action Agenda, which involves both state and non-state actors, and whose aim is to advance cooperative climate action now and in the future.
Iberdrola has been the first Spanish company and one of the first in the world to receive the AENOR certificate in accordance with the UNE ISO 14064-1:2006 standard for its greenhouse gas emission inventory, a Group-level catalogue that covers all of its activities in Spain, the UK, U.S. and Latin America. The company has registered the GHG emission inventory (in accordance with the UNE ISO 14064-1:2006 standard) at the Spanish Climate Change Office.
Iberdrola has joined this public-private platform set up to make progress on the fight against climate change and towards a low-carbon economy. The GECV aims to get companies more involved, share information, identify opportunities and boost Spain's presence in international forums.
- We share the need to move towards a 1.5º C scenario with robust policies
- Iberdrola, awarded at the Climate Reality Awards 2018
- Iberdrola is joining the Plataforma x Aire Limpio initiative, a platform for clean air that intends to improve air quality in cities across Spain
- Ignacio Galan urges world leaders in Davos to speed up decarbonisation of the global economy