COMMITTED TO THE SUSTAINABLE DEVELOPMENT GOALS
We invest our energy in building a sustainable future
In the Iberdrola group we have embraced the United Nations' Sustainable Development Goals, which have been approved by the UN in September 2015, as part of our business strategy and our Sustainability Policy.
THE SDGs PART OF THE IBERDROLA'S GROUP BUSINESS STRATEGY
The SDGs, part of the Iberdrola's group business strategy.
In line with its activity, the Iberdrola group is focusing its efforts on supplying affordable and clean energy (goal 7) and fighting against climate change (goal 13). It has created a specific long-term incentive plan to achieve this. In addition, the group makes a direct contribution to guarantee clean water and sanitation (goal 6), has increased its investment in R&D activities (goal 9), promotes the respect to life on land (goal 15) and works to establish partnerships for the goals (goal 17). The company also makes an indirect contribution to all other Sustainable Development Goals and has launched the first credit line with a sustainable indicator to achieve them. The group's contribution to social and economic development of the communities in which it operates and to protect the environment is articulated through its sustainable energy business model.
Likewise, Iberdrola's International Corporate Volunteering program is in line with the SDGs and mainly focuses on goals no. 3, 4, 7, 10 and 13.
OUR CONTRIBUTION TO THE SDGs
Description and context
- Ensure availability and sustainable management of water and sanitation for all.
- The substitution of less efficient conventional thermal (coal and oil-fired) technologies with renewable energies and combined cycles has led to a decrease in water consumption per GWh.
- Objective: maintain this rate at 50% of the European average in the coming 5 years.
- The company endorses the United Nations' CEO Water Mandate to encourage sustainable practices in the use of water.
- It has endorsed CDP Water since its first edition.
- The Iberdrola group makes every effort to use water rationally and sustainably and tackle the risks related with its scarcity.
Description and context
- Ensure access to affordable, reliable, sustainable and clean energy for all.
- Substantially increase the percentage of renewable energy in the mix.
- Double the improvement rate of energy efficiency worldwide.
- "Electricity for all" program: 3,900,000 beneficiaries in 2017.
- World leader in wind power: 16,077 MW in 2017.
- Energy efficiency: 59 million tons of CO2 emissions prevented in the last three years.
- Avangrid will build a wind farm for Apple, start to operate in the Massachusetts offshore wind farm and has signed its second largest contract with Nike for the supply of wind power; in this case, 86 MW supplied by a wind farm in Texas.
- Start of the East Anglia THREE offshore wind power project and commissioning of the Wikinger offshore wind farm in Germany.
- Joint investment in Iluméxico with Engie: Iberdrola was one of the successful bidders of the Agreement for the Rural Electrification of Mexico with 30,000 facilities for 2019. In the first tender in 2017, Iluméxico became the successful bidder, with 1,200 facilities.
- ScottishPower Renewables has reached a wind power capacity of 2 GW in the United Kingdom.
- A pioneer in Socially Responsible Investments, it has become the largest corporate issuer of green bonds in the world, with 8 bond issues for over 6,000 million euros, which will be mainly invested in renewable energy projects.
Description and context
- Develop reliable, sustainable, resilient and quality infrastructures.
- Drive an inclusive and sustainable industrialisation process and significantly increase the contribution of industry to job creation.
- Increase scientific research and improve the technological capacity of industrial sectors.
- Iberdrola is the most innovative Spanish utility, the second in Europe and the fourth in the world with the largest volume of resources allocated to R+D. More than €246 million were investment in R+D in 2017.
- World leaders in smart grids. Progress made in the STAR projects in Spain and in the SMART UK project in the United Kingdom.
- Iberdrola Sustainable Mobility Plan, with over 20 measures.
- Promotion of the Provider innovation program to drive the joint creation of companies and facilitate access to funding mechanisms.
- 2020 Digital Plan: more than 4,900 million euros.
Description and context
- Adopt urgent measures to combat climate change and its effects.
- The decarbonisation of the economy implies electrification and an increase in renewable energies.
- The electricity sector is spearheading the elimination of CO2 emissions.
- Shift towards energy generation technologies with low CO2 emissions.
- The company's CO2 emissions are already 70% less than average for the European electricity section (Continental Europe, 2016).
- Iberdrola has undertaken to reduce the intensity of its emissions in 2030 by 50% compared to its 2007 levels and to become carbon neutral by 2050.
- Iberdrola has set out to close all of its coal-fired power plants.
- The largest photovoltaic power station built by Iberdrola in the world can be found in Mexico.
- Iberdrola joins the first observatory in Spain to promote the use of the electric vehicle and make sustainable mobility a widespread reality.
Description and context
- Protect, restore and promote sustainable use of land ecosystems, manage forests with a sustainable approach, combat desertification, and stop and reverse land degradation and stop biodiversity loss.
- The company runs biodiversity protection programs in the countries in which it operates.
- It is a member of the Biodiversity Pact, promoted by the Biodiversity Foundation with the aim of highlighting the Company's commitment to preserving the environment and the sustainable use of biodiversity.
- Iberdrola obtains the first AENOR certificate for its Corporate Environmental Footprint.
- Iberdrola Mexico receives PROFEPA's Environmental Excellence award thanks to its effort in the Garrapatas Estuary (Altamira III and IV Combined Cycle Plants) and Feline Support projects (Altamira III and IV and Altamira V).
Description and context
- Strengthen the means of implementation and revitalise the global partnership for sustainable development.
- Iberdrola is a member of and/or takes part in programs and initiatives both at the global level and in the different countries in which it operates.
- Corporate volunteering campaign: The SDGs and me.
- Iberdrola renews its support to the Women's Universe program of the Higher Council for Sport, by means of sponsoring 15 Spanish federations. Likewise, the Women, Health and Sport initiative includes events held in different Spanish cities to promote women's sport.
- Iberdrola joins the youth initiative of the UN's Spanish Sustainable Development Solutions Network (SDSN Youth).
Partnerships with the academic world
- The Chair for the Sustainable Development Goals, at the Centre for Innovation in Technologies for Human Development, of the Technical University of Madrid (itdUPM), is a strategic tool used to address the challenges of the international sustainability agenda. This chair is configured as a shared learning space and a means to support the implementation of the SDGs in Iberdrola.
Goal 1: No poverty*
Iberdrola has signed agreements with public administrations and NGOs to prevent interrupting power supplies to customers in a situation of vulnerability. The agreements now cover 100% of customers.
Goal 3: Good health and well-being
The company has set a target of zero accidents. It has a designed and implemented a Strategic Occupational Health and Safety Plan to achieve this target and to promote better safety conditions at the workplace.
7th edition of the 2017 Social Aid program of Fundación Iberdrola Spain, with 31 projects for vulnerable groups, with more than 45,000 beneficiaries, to which 1,088,000 euros will be allocated.
Goal 4: Quality education*
The company's contribution to this goal is materialised through the investment of 3.7 million euros in the research grant and scholarship program for the 2017-2018 academic year, in addition to promoting corporate training, with 42 hours of training per employee in 2017, in addition to its corporate volunteering projects, and the work of its foundations.
Goal 5: Gender equality*
Goal 8: Decent work and economic growth*
The global value created by Iberdrola's strategy and business model leads to social and economic development over time:
- 34,255 direct jobs.
- 400,000 direct and indirect jobs1 around the world.
- €7,111 M in tax contributions2 in 2017.
- €8,648 M in purchases in 2017.
Goal 12: Responsible consumption and production*
90% of Iberdrola's energy production uses local energy sources available in the country in which the electricity is generated.
Iberdrola was the first company listed in the IBEX 35 to certify its General Shareholders' Meeting as a sustainable event in 2016, in compliance with the ISO 20121 international standard.
*Data at the close of 2017.
1 According to PwC, jobs worldwide, including indirect jobs and induced impact, based on Iberdrola's activity during 2016.
2 Includes own taxes and collected taxes.
IBERDROLA AND THE SUSTAINABLE DEVELOPMENT GOALS
IBEROAMERICAN CONFERENCE ON SUSTAINABLE DEVELOPMENT GOALS
The University of Salamanca (USAL) and Iberdrola have signed an agreement to hold this event, focused on strengthening their collaboration in the field of sustainability, training and research. The date will take place on June 28 and 29 in the city of Salamanca and aims to become a meeting of international reference in the study and dissemination of these objectives.
Efrem Yildiz Sadak, Vice-rector of I. R. of the USAL; Juan Francisco Montalbán, Ambassador in Special Mission for the 2030 Agenda for Sustainable Development; Ricardo Rivero, Rector of the USAL; Ignacio Galán, Chairman of Iberdrola; Enrique Cabero, Vice-rector of Academic Policy and Social Participation and Victoria Muriel, Deputy Director of Applied Economics of the USAL, member of the National Cooperation Council and President of the Organising Committee.
This conference, which also has the collaboration of the Polytechnic University of Madrid (UPM), will have a wide institutional presence and will be a meeting point for prestigious national and international representatives of all the sectors involved. It will be structured in four work areas: education, innovation, environment and public-private partnerships, on which it is expected that round tables will be organised prior to the central days of next June.
WHAT ARE THE SUSTAINABLE DEVELOPMENT GOALS?
The SDGs are a unique opportunity, both to better respond to the changing expectations and aspirations of the society in which we live and to develop strategies and innovative business models adapted to a world undergoing profound changes.
They were born on September 25, 2015, when world leaders adopted a set of global goals to eradicate poverty, protect the planet and ensure prosperity for all as part of a new sustainable development agenda. Each goal has specific objectives that must be met by 2030.
- Iberdrola is joining the Plataforma x Aire Limpio initiative, a platform for clean air that intends to improve air quality in cities across Spain
- The University of Salamanca and Iberdrola sign an agreement for the celebration of the Iberoamerican Conference on Sustainable Development Goals
- Ignacio Galán, Isabel García Tejerina and Íñigo Méndez de Vigo staged their commitment to fighting climate change
- "Combating Climate Change" Volunteer Programme
- El papel de Iberdrola en los Objetivos de Desarrollo Sostenible (Spanish version)
- Iberdrola en el "Youth Speak Forum" (Spanish version)