Iberdrola group acts as a motor for economic and social development by creating stable and quality employment. In this sense, it has committed to investing €75bn until 2025, that will increase to €150 billion in 2030, to boost the industrial fabric and employment in the countries in which it operates.
Iberdrola group acts as a motor for economic and social development by creating stable and quality employment. In this sense, it has committed to investing €75 billion until 2025, that will increase to €150 billion in 2030, to boost the industrial fabric and employment in the countries in which it operates.
The value created at the global level by Iberdrola's strategy and business model over time translates into economic and social development:
Iberdrola has announced a historic investment plan worth €75bn for the period 2020-2025, that will increase to €150 billion in 2030, as a decisive contribution to post-COVID economic recovery. In keeping with the axes of the social market economy and the United Nations 2030 Agenda, the planned investments and purchases of goods and services will make it possible to sustain around 500,000 jobs worldwide in 2025.
An impact of over €34 billion on the GDP in the countries where it operates and €7,475 million euros in tax contributions in 20201.
€14 bn in purchasing volume in 2020. The group has more than 22,000 suppliers throughout the world and has agreements in place until 2023 worth more than €20 bn.
Around 37,000 jobs, out of a total of 400,000 posts2 globally (including direct, indirect and induced).
In 2020, more than 3,700 new workers were taken on, including 1,700 young people under 301. In addition, the company continues towards its target of hiring 20,000 new staff between 2020 and 2025.
99 % of the workforce have fixed contracts1.
We encourage a good work/family life balance for our employees and implement a number of measures to support their quality of life.
We promote diversity and inclusion at work. By 2025, the company has set a target of 30 % of managerial staff being women — compared to 22 % today — and to bring the pay gap below 2 %.
We back training and the development of talent: in 2020, the group achieved 53 training hours per employee1, four times more than the European average.
We offer a safe and healthy working environment, with continuous improvements in all areas related to the management of occupational risk prevention.
With the outbreak of COVID-19, Iberdrola activated a global action plan against the pandemic, focused on the health and safety of its workers and all its Stakeholders (SDG 3), guaranteeing the electricity supply and maintaining its commitment to the creation of value for society.
Iberdrola's international Startup Programme, PERSEO, financed with €110 million, facilitates the company's access to the technologies of the future. In addition, it supports the creation of a global and dynamic ecosystem of technology companies and entrepreneurs in the electricity sector.
1 Data at the close of 2020. See our annual reports.
2 Data from Iberdrola Impact Study carried out by PwC for the 2019 financial year.
SDG 8 seeks to promote inclusive and sustainable economic growth as well as employment and decent work for all. This means keeping economic growth per capita in line with national circumstances and bringing about GDP growth in less-developed countries of at least 7 % annually. It is also necessary to promote policies that support productive activities and the creation of decent jobs, entrepreneurship and innovation.
Eradicating poverty will only be possible through stable and well-paid employment. So it is vital to promote full and productive employment and decent work for everyone the world over. This will achieve the promotion of sustained, inclusive and sustainable economic growth like that created by green jobs.
After the 2009 global recession, global work productivity began to increase and unemployment rates improved (though with major regional differences). However, a decade later, in 2019, the world economy achieved its lowest growth rate since the 2008-2009 period.
As if that was not enough, this scenario has been acerbated by the outbreak of COVID-19. The pandemic has led to a slow-down in the economy and is shaking labour markets the world over. This is taking its toll particularly among casual workers, the self-employed and those paid on a daily basis. According to the Report on Progress with Compliance with the SDGs (2020), we are heading for the biggest increase in global unemployment since the Second World War. And the threat goes further, since it could increase the risk of child labour.
The 7 % GDP growth target for the least developed countries had not been reached before the pandemic. In fact the actual GDP growth rate per capita was 2 % in 2018 (the same level as the average annual growth rate between 2010 and 2018). In 2019, the growth rate fell to 1.5 % and, with the coronavirus, it is expected to plummet to 0.8 % in 2020, until it finally manages to achieve a rate of 4.6 % in 2021.
As for the labour productivity growth rate, this reached 1.6 % in 2018 and 1.4% in 2019, but there were very considerable regional differences: while labour productivity fell in Latin America and the Caribbean, Western Asia, and Sub-Saharan and North Africa it rose in all the other countries, fairly quickly in East, South-East, Central and Southern Asia.
In 2019 the unemployment rate was at 5 % globally (in North Africa and Western Asia 11 % of the active population was unemployed) and the pandemic is expected to send it rocketing. No workers will be harder hit than those in the informal economy (in 2016, 61 % of workers worldwide were in casual labour). It is thought that half of the active global population (some 1.6 billion workers in the informal economy) will be significantly affected in the wake of the COVID-19 pandemic. It is estimated that the income of these workers fell by 60 % in the first month of the coronavirus crisis (rising to 81 % in some areas).
If health and safety at work was a significant challenge before the appearance of COVID-19, it is now much more so since some workers are exposed to unnecessary risks. Since 2010, more than 10 work-related deaths per 100,000 workers have been reported, in nine of the 71 countries with data available since 2010.
Facing the current situation and reversing the trend that these data reflect has become a primary objective at the international level. This is why promoting decent, inclusive and sustainable work became SDG 8 of the 17 UN Sustainable Development Goals, approved in September 2015 as part of 2030 Agenda.
The 10 countries with the lowest Human Development Index — and therefore the greatest inequality in all areas — are concentrated in sub-Saharan Africa:
The specific targets set for 2030 are: