Sustainability scorecard

The sustainability assessment of the Iberdrola Group

Transparency Corporate social responsibility ESG

The Sustainability assessment is a tool for evaluating the group's sustainability performance by analysing its economic, environmental and social dimensions, and is used to determine which aspects require improvement throughout the group as a whole. The assessment serves to measure the quality of the sustainable strategy pursued.

Energy sustainability

Business sustainability

Competitiveness
Security of supply
Environment
Social dimension
Value creation

Targets

Environmental Performance

GHG Emissions (validated by Science Based Targets initiative - SBTi)*:

To reach net-zero greenhouse gas emissions across the value chain by 2039 from a 2020 base year.
To reduce absolute scope 1, 2 and 3 GHG emissions 65% by 2030 from a 2020 base year, which is in line with a 1.5°C trajectory (63% progress).
To reduce scope 1, 2 and 3 emissions 90% by 2039 from a 2020 base year, aligned with the SBTi's 1.5°C mitigation pathways for reaching net-zero before 2050 (45% progress).
In line with the science based targets set for 2030 and 2039, we estimate a path to reduce absolute scope 1, 2 and 3 GHG emissions 20% by 2026 from a 2020 base year (progress: target achieved).

Biodiversity:

Iberdrola will have a net positive impact on biodiversity by 2030. This goal is based on the application of the conservation hierarchy principle throughout the life cycle of its facilities and the implementation of mechanisms to identify, quantify, and monitor compliance therewith.

Water:

Reduce the intensity of water use/production 63% in 2030 from 2021 (36% in 2026) (progress 12.5% by 2030).

Pollution:

Reduce NOx emissions intensity to <0.10g/kWh in 2030 (0.15g/kWh in 2026) (progress: target achieved).

Sustainable Capital Expenditure (CAPEX):

CAPEX Aligned according to European Taxonomy Regulation (organic capex): ≈90% by 2025, 2026 and 2030. (progress: target achieved).

Reforestation:

No Net Deforestation in 2025 and planting 8 million trees by 2025, 10 million trees by 2026 and reaching 20 million by 2030 (progress 25% by 2030).

Recycling:

50% of Blades from wind turbines and photovoltaic panels recycled in 2025, 2026 and 100% in 2030 (progress 98.4% by 2030). Includes blades and panels out of operation with a destination decision different from disposal.

Social Performance

Health and Safety:

Reduce the Accidentality Rate among own employees (TRIR - Rate of work-related injuries) by 10% in 2025, by 13% in 2026 and 21% in 2030 compared to 2021 (progress 90.5% by 2030).

Electricity access:

Objective in the "Electricity for all" program to provide electricity to 16,000,000 people who currently do not have access by 2030 (progress 86.3%).

Suppliers:

>85% of main suppliers subject to sustainable development policies and standards by 2025, 2026 and 2030. (progress: target achieved)
≥85% purchases from sustainable suppliers in 2025, 2026 and 2030 (progress: target achieved)

R&D&i:

€420 million annually in R&D&i by 2025, €443 million by 2026 and €550 million by 2030 (progress 73% by 2030).

*Overall Net-Zero Target:
Iberdrola SA commits to reach net-zero greenhouse gas emissions across the value chain by 2039 from a 2020 base year.

Near-Term Targets:
Iberdrola SA commits to reduce absolute scope 1, 2 and 3 GHG emissions 65 % by 2030 from a 2020 base year. Within that target, Iberdrola SA commits to reduce scope 1 and 2 GHG emissions from power generation 83 % per kWh by 2030 from a 2020 base year. Iberdrola SA also commits to reduce scope 1 and 3 GHG emissions from fuel and energy related activities covering all sold electricity 85 % per kWh within the same timeframe. Iberdrola SA further commits to reduce absolute scope 3 GHG emissions from use of sold products 42 % within the same timeframe. Iberdrola SA finally commits to reduce all remaining absolute scope 3 GHG emissions 46 % within the same timeframe.

Long-Term Targets:
Iberdrola commits to reduce scope 1, 2 and 3 emissions 90 % by 2039 from a 2020 base year. Within that target, Iberdrola SA commits to reduce scope 1 and 2 GHG emissions from power generation 84 % per kWh by 2039 from a 2020 base year. Iberdrola SA also commits to reduce scope 1 and 3 GHG emissions from fuel and energy related activities covering all sold electricity 95% per kWh within the same timeframe. Iberdrola SA further commits to reduce absolute scope 3 GHG emissions from use of sold products 90 % within the same timeframe. Iberdrola SA finally commits to reduce all remaining absolute scope 3 GHG emissions 90 % within the same timeframe.

Unconscious bias training: offered in Spain, United Kingdom, USA, Brazil, Mexico and IEI.
Annual anti-sexual harassment training: taught in Spain, United Kingdom, USA, Brazil, Mexico and IEI.
94,915 annual training hours in cybersecurity and protection of información in 2023.