IBERDROLA SUPPORTS THE SUSTAINABLE DEVELOPMENT GOALS (SDGs)

Leaders in driving the SDGs

Iberdrola group has incorporated the Sustainable Development Goals approved by the UN in September 2015 into its business strategy and corporate governance system.

THE SDGs AS PART OF IBERDROLA GROUP'S BUSINESS STRATEGY

 

 All information about the Sustainable Development Goals (SDGs)

IBERDROLA'S CONTRIBUTION TO THE 17 SUSTAINABLE DEVELOPMENT GOALS

In line with its activity, Iberdrola group focuses its efforts on supplying affordable, non-polluting energy (SDG 7) and climate action (SDG 13), creating a specific long-term incentive plan relating to these goals. The company also contributes directly to other SDGs, implementing and promoting sustainable water use (SDG 6), increasing its investment into R&D activities (SDG 9), promoting sustainable use of terrestrial ecosystems (SDG 15) and working to establish partnerships to achieve the objectives (SDG 17).

Iberdrola also contributes indirectly to the other 17 goals and has launched a first credit line with a sustainable indicator. The group's contribution to the social and economic development of the communities in which it operates and to protecting the environment is articulated through its sustainable energy business model. To ensure good performance, the company has a SDG Advisory Committee to review the actions taken and analyse their alignment with the SDGs, in addition to proposing and promoting new challenges and actions that contribute to reaching the targets set.

Iberdrola's International Corporate Volunteering Program is also aligned with the 17 goals, although it focuses mainly on SDG 7, SDG 13, SDG 4 (quality education), SDG 10 (reducing inequalities) and SDG 3 (health and well-being).

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Iberdrola group has also participated in implementing the SDG Evaluation Tool, which is developed by Trucost, a leader in carbon and environmental data and risk analysis, designed to help companies identify risks and business opportunities by aligning with the SDGs.

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WHAT ARE THE SDG?

The Sustainable Development Goals (SDGs) are 17 goals divided into 169 targets [PDF] that call for global action to end poverty, preserve the planet and improve the lives and prospects of all people by 2030. They were approved on 25 September 2015 by the United Nations Member States as part of a new sustainable development agenda: Agenda 2030.

 

COMMITTED TO THE 2030 AGENDA AND IMPLEMENTING THE SDGs

Iberdrola was the only private company invited to participate in the latest meeting of the High-level Political Forum (HLPF), whose mission is to monitor the follow-up of the Agenda 2030 for Sustainable Development.

Through its foundation in Spain, Iberdrola has also presented the book La Agenda 2030 y los ODS: Nueva arquitectura para la Seguridad [PDF], which provides a multifaceted analysis that is essential in a globalised world characterised by underdeveloped geopolitical regions. In this partnership, Iberdrola demonstrates commitment to the SDGs, to the fight against climate change and to gender equality policies through women's empowerment.

WITH THE SPANISH NETWORK OF THE GLOBAL COMPACT

Iberdrola has been recognised as a LEAD participant company in the United Nations Global Compact for its continued commitment to this agreement and to the UN's 10 responsible business activity principles. The group joined the Global Compact in 2002 and in 2004 became a constituent member of the Global Compact Association of Spain (ASEPAM), now called the Spanish Global Compact Network (Red Española del Pacto Mundial).

In 2020, the fifth anniversary of the approval of the SDGs, the United Nations so-called Decade of Action began. To address the 10 years remaining to achieve the 17 goals, a series of webinars has been promoted — organised by Corporate Excellence - Centre for Reputation Leadership and Canvas Estrategias Sostenibles, with the participation of Iberdrola and the Spanish Network of the Global Compact — in which the different trends in reputation, brand, sustainability, ethics and transparency identified were examined in depth in the report: Approaching the Future 2020: Trends in Reputation and Intangible Management. The first of these, Agenda 2030: A decade for action, held on 30 June, analysed the main challenges that society is facing and the important role of business in this context after the health and economic crisis caused by COVID-19.

In 2019, to mark the fourth anniversary of the approval of the SDGs, Iberdrola joined the campaign #aliadosdelosODS (Allied with the SDGs), promoted by the Spanish Global Compact Network to foster knowledge and dissemination of the 17 Sustainable Development Goals outlined in Agenda 2030.

All members of the Spanish Global Compact Network must complete an annual public progress report. These reports, including Iberdrola's, are available on the Global Compact website. As a member, the company has been collaborating on different activities for over a decade, and these efforts have been recognised by the organisation.

SDG OBSERVATORY 

In partnership with financial daily Cinco días, Iberdrola organised the SDG Observatory at the end of 2019, a series of meetings that analysed the way in which the UN's 17 Sustainable Development Goals (SDGs) can be transformed into tangible realities that benefit society and generate opportunities for the change of model.

During these seminars, the 17 SDGs were reviewed with the aim of identifying the assessment carried out for each of them and the decisions that must be taken in the medium and long term to achieve realistic and balanced growth of the companies, as well as the distribution of these goals in the 2030 Agenda.

On the closing day, the chairman of Iberdrola group, Ignacio Galán, who participated in the event along with Cristina Gallach, high commissioner for the UN 2030 Agenda in Spain, summarised the role of the business sector in the fight against climate change, stressing that "it is not time for words, but for action." With respect to the SDGs, he also noted that "they have made our lives easier. They have enabled us to set very clear goals and pursue them."

Data extracted from the 2019 Sustainability Report [PDF].

 

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THE SUSTAINABLE DEVELOPMENT GOALS (SDGs)

Why are the SDGs so important?

The importance of the SDGs lies in the vision of achieving a sustainable future for everyone in a medium-term time horizon. The 17 objectives are interrelated and present global challenges such as the eradication of poverty, the fight against climate change, peace and prosperity for all, education, women's equality, environmental protection and sustainable urban development.

They therefore represent a unique opportunity 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.

How can the SDGs be achieved?

Action by all sectors of society is essential to achieving the SDGs: governments, the private sector, civil society and citizens. It requires everything from global actions that ensure resources and solutions for the benefit of everyone, to local actions that affect each country's policies, budgets and institutions, to small things that can be done from the comfort of your own home (see the guide 170 daily actions to transform our world [PDF]). Partnerships among all sectors are essential to achieve the objectives.

What is the 2030 Agenda and why is it so important?

The 2030 Agenda for Sustainable Development is the most comprehensive action plan agreed to date to eliminate extreme poverty, reduce inequality and protect the planet. The 17 SDGs defined by the Agenda are a fundamental part of it, as they help translate its fundamental values and principles into concrete and measurable results. In adopting it, Member States pledged to mobilise the resources necessary for its implementation through partnerships that focus especially on the needs of the poorest and most vulnerable.

What content does the 2030 Agenda cover?

The 2030 Agenda is based on five fundamental dimensions, also known as the 5Ps: people, planet, prosperity, peace and collective participation. With the inclusion of peace and collective participation in the traditional approach to sustainable development, the 2030 Agenda has given more depth to this concept. Sustainability is the essence of these five dimensions, which will guide development policy decisions until 2030.