We find an answer to environmental challenges and opportunities
Our model is based on a universal service, security and competitiveness, reduced CO2 emissions and energy efficiency.
A sustainable energy model has to meet various goals:
- Economic objective, which can be summarised as the need for stable, safe and competitive energy supplies (supply security and guarantee).
- Social objective, summarised as access for all people to this essential service under affordable economic conditions (service competitiveness and universality).
- Environmental objective, which translates to lower emissions and greater efficiency in the production and use of energy, as well as compliance with other environmental regulations.
The challenge in energy production is to offer a balanced production base, capable of responding effectively to scenarios of increasing fuel prices, variability of available renewable resources, internalisation of the CO2 cost and compliance with other local environmental regulations.
In a context characterised by a growing social demand for preserving the environment, ever stricter regulatory requirements, constant scrutiny of management by analysts, evaluators and different agents from civil society, Iberdrola must respond to the environmental challenges and opportunities that arise.
The information in this section reflects the position, the indicators that enable the position to be monitored and the most important actions regarding each of the environmental aspects that affect the main activities at Iberdrola.
ENVIRONMENTAL MANAGEMENT APPROACH
Iberdrola's environmental strategy and management has been acknowledged in several international environmental indices. Amongst the most prestigious we may highlight the Dow Jones Sustainability Index, where Iberdrola has been selected in every index since the Index was founded, or the FTSE4Good Index. To make progress along these lines, the following basic principles are established:
- The commitment of the Board of Directors of Iberdrola towards ensuring that the environmental policies approved become a reality, thereby making respect for the environment a strategic element. This commitment is realised by establishing a framework of action in which improvement and innovation projects are created, promoted, defined and developed. The different business areas of the company are necessarily involved in this progress, and every year the global environmental performance indicators reflect the improvement.
- Permanent diagnosis is based on a single Environmental Management System for the entire group, underpinned by complete systems of certificates under different standards (ISO14001, EMAS, ISO14064), thus helping to reduce environmental risk. This reduction of environmental risk must always take place in compliance with applicable laws and the various international undertakings signed, as well as the company's internal standards. It would not be possible to comply with the requirements of these certifications without having systematic and continuous improvement in environmental management, thereby ensuring the coherence of the General System of Environmental Targets within the company's strategy.
- Collaboration with the main Stakeholders (Public Administration, sector companies and suppliers) in both defining and implementing innovation projects, and in developing traction initiatives for the rest of supplier companies. Here we may highlight Iberdrola's direct participation in the Eco-efficiency in Basque companies program and in the recently-established Basque Ecodesign Center, with the aim of developing projects for the entire croup in the field of green mobility, ecodesign, making the supply chain more sustainable, developing new methodologies for the economic assessment of environmental impacts and energy efficiency.
To respond to the company's international expansion and the diverse environmental impacts of its activities, in 2008 the Iberdrola group approved the Environmental Management System, with the aim of creating a common environmental framework, making it possible to coordinate the different plans and measures, respecting regional autonomy and specificities.
Since then, shouldering our commitment to continual improvement and aiming to harvest the fruits of our corporate system's mission, vision and values, this shared system has been developed incorporating innovative environmental management actions that enable us to align the environmental dimension within the group's sustainability model, integrating the Sustainable Development Goals and articulating mechanisms to measure and evaluate the group's environmental performance from a life cycle perspective. This in turn allows Iberdrola to integrate the circular economy and natural capital into its management processes.
The Iberdrola group's Environmental Management System comprises the following elements:
Environmental Management System.
Therefore, the Iberdrola group's Environmental Management System converts the corporate environmental policies into environmental guidelines. These environmental guidelines have been established throughout Iberdrola organisations as environmental goals and targets, including the allocation of responsibilities, resources and deadlines.
The Environmental Guidelines, in line with the SDGs, that define Iberdrola's strategic lines, are:
- To protect the environment and halt biodiversity loss.
- To fight climate change and its effects.
- To guarantee sustainable modes of production and consumption.
- To strengthen alliances with Stakeholders for sustainable development.