COMMITTED TO THE SDGs
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 Corporate Governance System.
THE SDGs PART OF THE IBERDROLA'S GROUP BUSINESS STRATEGY
The SDGs, part of the Iberdrola's group business strategy.
In line with our 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. This program has won the Innovation Award 2018 from the IMPACT2030 network in the Private Sector. Activation category. The company has been recognised for being "an enterprise that innovates to educate, inspire and unite employees around the SDGs in their community, and offers them opportunities to become agents of change and make an impact".
The Iberdrola group has also participated in the implementation of the SDG Evaluation Tool, developed by Trucost, a leader in carbon and environmental data and risk analysis, to help enable companies to identify business risks and opportunities aligned with the SDGs.
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.
- Iberdrola positioned as one of the utilities with the best water productivity (revenues/water used).(1) Nota
- Objective: maintain this rate above 50% 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.
(1) Nota According to Global 100's classification among a selection of main utilities.
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: 5,400,000 beneficiaries in total (2018).
- World leader in wind power: 16,9 GW of installed capacity in 2018.
- Energy efficiency: 59.4 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 third in Europe and the fourth in the world with the largest volume of resources allocated to R&D. In 2018, R&D investment totalled 267 million euros.
- 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.
- 2022 Digital Plan: 4,800 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 57% below the industry average in the European electrical sector (European assets of the main utilities 2017).
- 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. In Spain, for example, it is part of the G2020 Platform.
- 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 16 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.
New edition of the Social Program: in 2019, the company will work closely with 54 social entities, benefiting over 80,000 people through an investment of €1.5 million.
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:
- 33,747 direct jobs.
- 400,000 direct and indirect jobs(1) around the world.
- €7,111 M in tax contributions(2) in 2017.
- €7,753 M in purchases in 2018.
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, the Polytechnic University of Madrid and Iberdrola organised the 1st Ibero-American Conference on the Sustainable Development Goals, which took place in Salamanca between 27 and 29 June 2018 and involved over 400 international representatives.
The event was conceived with the aim of stimulating debate to reach a collective agreement to drive the changes needed to meet the SDGs in the Ibero-American region.
WITH THE SPANISH GLOBAL COMPACT NETWORK
Iberdrola became a member of the United Nations Global Compact in 2002 and in 2004 it was a constituent member of the Spanish Association for the Global Compact (ASEPAM). All the members of ASEPAM (currently called Spanish Global Compact Network) must complete every year a public progress report. These reports, including Iberdrola's, are available at the Pacto Mundial website. The group collaborates in different activities in the role of partner, an effort of more than a decade that has been recognised by the Spanish Global Compact Network.
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.
- By 2030, Iberdrola will bring electricity to 16 million people in emerging or developing countries who at present live without it
- The Spanish city of Salamanca will host the first Ibero-American Conference on the UN Sustainable Development Goals from 27 to 29 June
- Iberdrola is joining the Plataforma x Aire Limpio initiative, a platform for clean air that intends to improve air quality in cities across Spain