AGAINST CLIMATE CHANGE
Iberdrola´s 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 1.5ºC.
Iberdrola, leader in the fight against climate change, goal no. 13 of the Sustainable Development Goals (SDGs) is fully aligned with this international agreement. The company has set forth the following environmental goals for the coming decades: achieve a 30% reduction of the intensity of its CO2 emissions by 2020, as compared with the specific emissions of the company during the year 2007, placing the intensity of these emissions under 150 grams per kWh by 2030, a figure which would represent 50% less than the specific emissions of the company during the year 2007, and become carbon neutral by 2050.
With the entry into force of the Paris Agreement, the process has entered a new phase as regards implementing the agreed general principles. In this phase it is essential to keep the momentum going and to promote effective and efficient implementation.
The COP23 held in Bonn (Germany) between the 6th and 17th of November will be a unique opportunity to progress towards the attainment of the global climate change objectives and to show Iberdrola's leadership in this area. As in the previous edition, the company will play/have a very important role at the Summit through the Moving for Climate NOW initiative.
Iberdrola and other electric utilities have sent a letter to the European Parliament and European Commission, in which they are requesting the establishment of more far-reaching objectives for renewable energies in the European Union. The current objective, which establishes a 27% share of renewables in overall EU energy consumption by 2030, "is not ambitious enough", according to the companies requesting this commitment to be increased to 35%. This request was sent as part of the framework of the COP23.
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. The fight against climate change at Iberdrola, who is currently in the lead on the biggest international indices, is based on the following pillars:
- 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.
- Holding on to the position as global leader in renewable energy and investment in and operation of smart grids, which allow a high level of integration of renewable energy. Out of the total installed capacity, 60% corresponds to renewable energies and 66% is emission-free.
- 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 appropriate policies.
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.
- Iberdrola acknowledged by CDP as global leader in combating climate change
- Iberdrola tops the Dow Jones Sustainability Index utilities industry group
- Ignacio Galán at the Government Business Dialogue organized by the Carbon Pricing Leadership Coalition in Paris
- Iberdola Chairman supports the Paris Climate Agreement in New York
- Climate Policy: An opportunity to improve competitiveness and create jobs [PDF]
- Electricity Industry to UN Climate Conference: Combine New, Existing Technologies with Stable Policies to Reach CO2 and Energy Goals [PDF]
- Iberdrola sets new CO2 emissions reduction target to below 150 grams/kWh in 2030
- Iberdrola ranked first in CDP electric utilities “super-league”
- Ignacio Galán firma una carta abierta a los líderes mundiales para que alcancen un acuerdo ambicioso en la cumbre climática de París (Spanish version)