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'S GROUP ENVIRONMENTAL OBJECTIVES
Iberdrola's group objectives to fight against climate change.
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. The company has set forth the following environmental goals for the coming decades:
- To reduce CO2 emissions by 30% in 2020 compared to the company's specific emissions in 2007.
- To lower those 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.
In October 2018, a report by the Intergovernmental Panel on Climate Change (IPCC) reaffirmed the urgent need to be more ambitious with respect to the targets set in the Paris Agreement and to move towards a scenario in which the global temperature increase is limited to 1.5 ºC.
Iberdrola is aligned with this vision and considers that this report is a basic and substantial element for successfully consolidating the political phase of the Talanoa Dialogue at the December 2018 Katowice Climate Summit (known as COP24). The company participated in the technical phase (April - May 2018) of this international conversation by providing its perspective on how to meet the climate objectives of the Paris Agreement through a sustainable energy model.
Likewise, our company was recognized at the Climate Reality Awards 2018 as the company that made the most in the last year to fight against climate change. These awards, whose objective is to highlight the risks of climate change and the need to adopt emergency measures to reduce global warming, celebrated its first edition in Spain in November 2018.
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.
Discover our main lines of action
- 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.
Hide lines of action
Iberdrola's lines of action to fight against climate change.
At the close of the Nine Months 2018, of the total installed capacity of the group, 60% corresponds to renewable energies and 67% is free of emissions. The company has performed a 10% decrease in specific NOx emissions, 18% of specific SO2 emissions and 11% in specific particle emissions versus the same period of last year.
Iberdrola's group progress in reducing emissions at close of 2017.
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.
The Sustainable Mobility Plan is part of the commitment undertaken by the company in its Sustainability Policy, approved by its Board of Directors in 2013 and updated in April 2016, which requires the assumption of policies that promote sustainable exploitation of the group's corporate purpose.
The Sustainable Mobility Plan has a comprehensive scope and involves employees, business activities, customers and suppliers. It is structured around 23 specific initiatives geared to reinforcing the company's commitment to sustainability.
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 backed this initiative by the Ministry of Agriculture, Food and Environment (Magrama) to encourage the population to do their bit in light of the Paris Climate Conference. The impact on climate depends on joint actions by companies, society and public entities.
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.
WHAT IS CLIMATE CHANGE
CLIMATE CHANGE. 2050 PROSPECTS
- 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
- Industrial issuers of €26 billion in green bonds pledge to double down on green financing
- Ignacio Galán reaffirms Iberdrola's commitment to the environment