SUSTAINABILITY SCORECARD

The sustainability assessment of the Iberdrola group

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.

Sustainability
Energy
 
Business
Sustainability
Competitiveness
Security of
supply
Environment
Social
Dimension
Value
Creation
Environment
Social
Dimension
Value
Creation
Business
Sustainability

Economic Performance

 
RESOURCES UNIDAD (1) 2022 2021 2020
Total assets M EUR 154,667 141,752 122,518
Equity M EUR 58,114 56,126 47,219
Financial leveragge (2) % 42.8 41 42.3
Investments during financial year M EUR 10,730 9,940 9,246
         
PROCESSES AND OPERATIONS UNIT (1) 2022 2021 2020
Revenues M EUR 53,949

39,113.5

 33,145.1
Operating expenses M EUR 37,415 25,002 19,866
Employee compensation M EUR 2,995 2,685 2,505
Personal Costs M EUR 2,518 2,286 2,149
Payments to providers of capital M EUR 5,114 3,517 2,958
Cash taxes paid M EUR 1,055

832

843
Tax contribution M EUR 7,458 7,836 7,475
Comunity contributions (LBG) M EUR 52 58

84
Retained earnings M EUR 6,991

6,581

 6,595
         
RESULTS UNIT (1) 2022 2021 2020
EBITDA M EUR 13,228 12,005.7 10,038.2
Earnings before tax (EBIT) M EUR 6,221

6,265.6

 5,033.9
Net profit M EUR 4,339

3,384.8

 3,610.7
Marke capitalization (at 31 December) M EUR 69,538 66,271 74,296
Stock price (at 31 December) EUR 10.8 10.2 11.7
P.E.R. multiple 16.69

17.80

 21.79
Earnings per share EUR/share 0.655 0.585 0.55

 

Social Performance

RESOURCES UNIT (1) 2022 2021 2020
Number of employees nº 40,721 39,955 37,127
Number of employees in full-time equivalent (FTE) nº 40,237 39,788 35,923
Supply points
  • Electricity
  • Gas

M

M

M

36.4

32.1

4.3

36.1

31.7

4.4

34.4

30.1

4.3
Volume of purchases M EUR 11,533 9,424 8,494
Rural electrification programs M EUR 88 51 42
Accumulated beneficiaries Electricity for All program nº 11,000,000 9,600,000 8,200,000
Customers whose data is used for secondary purposes % 0 0 0
R&D M EUR 363 337.5 293
            
PROCESSES AND OPERATIONS UNIT (1) 2022 2021 2020
Full-time contracts % 98.0

96.0

95.0
Indefinite time period contracts % 99.6 99.5 99.8
Employees with collective bargaining agreement % 77.6 78.5 77.9
Hours of training M 2.7

2.4

 1.9
Hours of training per employee h 67.9 62.3 54.09
No. of suppliers with orders in the corporate system during the year nº >19,000 >19,000 >20,000
            
RESULTS UNIT (1) 2022 2021 2020
Employment, health and job safety        
Average age of workforce age 41.1

41.5

 41.9
Average years of service of workforce age 10.6 11.3 13.3
Male/female diversity % 76/24 77/23 77/23
Women board of directors % 43 43 36
Women in executive management % 30 27.3 20
Women in top management positions % 26.1 24.4 21.49
Women in management positions % 27.62 28 27.89
Women in junior management positions % 28.81

29.9

 30.6
Women in STEM-related positions % 22.06 19.6 19.7
Employees with disabilities % 1.73

1.72

 1.49
Average salary (men/women) % 94.8

93.3

 93.2
Ratio of basic initial salary to local minimum wage salary (Spain) % 110 126.1

107.7
Injury rate (IR)   1.02 1.06 1.2
Occupational disease rate (ODR)   0 0 0
Lost days nº 5,958 4,646 4,070
Employee turnover % 9.69 7.37 6.07
Number of fatalities nº 0 3 4
Number of fatalities - subsontractor nº 4 4  
Quality of service and customer service        
Fines related to the environment imposed during the period nº 38 n.d.

n.d.
Total amount of fines related to the environment imposed during the period paid in the same period M EUR 0.286 3.112

2.761
Fines paid in the social and economic areas M EUR 5.577 3.251 33.091
Quality of supply chain        
Sustainable management of the supply chain        
Procurement or contracting from local suppliers % 87.1 87.9 89.0
Purchases in "risk" countries % 23.2 18.7 20.8
Purchases from local suppliers % 87 88 89
 

Environmental Performance

RESOURCES UNIT (1) 2022 2021 2020
Installed capacity MW 60,761 58,320

55,111
Total net electricity production GWh 163,031 164,266 162,842

Total net production (electricity + steam)

GWh

166,021

168,182

166,583
Installed own capacity MW 53,616

51,174

47,965
Total net electricity own production GWh 125,540

129,331

123,463
Total net own production (electricity + steam) GWh 128,530

133,274

 127,205
Environmental investments M EUR 5,978 4,842

5,116
Environmental expenses M EUR 679 706 671
            
PROCESSES AND OPERATIONS UNIT (1) 2022 2021 2020
Fuel consumption GJ 756,208,405

776,542,999

 771,265,252
Renewable Energy Use GJ 447,980

689,022

 501,052
Intensity of internal energy consumption GJ/MWh 2.73

2.73

 2.64
Production with local sources of energy % 50.5

56.8
97.2
Electricity consumption in building MWh 152,175 146,389 n.d.
Renewable Electricity consumption in buildings MWh 71,259

81,079

 n.d.
Water use hm³ 88 87 96
Water consumption/Overall production m³/GWh 540 531

588
            
RESULTS UNIT (1) 2022 2021 2020
Emissions-free installed capacity % 71 71 69
Renewable installed capacity % 66 65 63
Emission-free production % 60 59 57
Renewable energy production % 46 45 42
Emission-free installed own capacity % 80 81 79
Renewable installed own production % 75 74 73
Emission-free own production % 78 75 75
Renewable energy own production % 59 57 55
Specific CO₂ emissions (2) gCO₂/kWh 88 96 98
Emissions Scope 1+2 / revenues tCO₂/M€ 245 392 445
SO₂ emissions t 1,011

1,180

 1,352
NOx emissions t 58,186

58,672

 62,517
Particulate emissions t 1,165

1,174

 1,270
Fly ash produced t 0 0

14,024
Non-methane volatile organic compounds (NMVOCs) t 468.9 454 464
Mercury emissions (Hg) kg 0 0 8
Waste generated (ash + hazardous and non-hazardous waste) t 361,749 472,547 541,515
Waste recycled (ash + hazardous and non-hazardous waste) t 196,974

190,563

 272,057
Hazardous waste per electricity generated t/GWh 0.108

0.095

 0.094
Energy produced under certified environmental management systems % 77.20

87.00

 77.29
Facilities under certified environmental management systems % 78.80 77.28 n.d.
Significant Spills nº 10 0 0
CO₂ avoided due to efficiency initiatives kt 30,741

27,720

31,300
Direct CO₂ emissions, Scope 1 (2) kt 11,346 13,253

13,003
Indirect CO₂ emissions, Scope 2 (marked-based) kt 1,879.4

2,061.0

 1,760.9
Indirect CO₂ emissions, Scope 2, (location-based) kt n.d. 2,087.8

1,890.4
Indirect CO₂ emissions, Scope 3 kt 42,013 50,900 51,956

 

 

 

 

(1) Nota M=millions; k=Thousands

(2) Nota Defined as: net debt / (net debt + equity)

(3) Own production

(*) Iberdrola uses the "own" installed production and capacity criteria, excluding production and installed capacity "for third parties". The latter reflects the particular operating conditions of some of our plants in Mexico, which Iberdrola operates under the instruction of the Comisión Federal de la Electricidad (CFE) under the figure of Independent Energy Producer (IEP)..

Nota Data at the end of 2022

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.
  • 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. 


 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.
  • Adaptation of 234,000 poles in the distribution lines to avoid electrocution of birds by 2025 in Spain (52 % progress). 
Water:

  • Reduce the intensity of water use/production to 63 % in 2030 from 2021 (18 % in 2025) (progress -2 %)

 
 Pollution:
  • Reduce NOx emissions intensity to <0.10g/kWh in 2030.
 
 Sustainable Mobility: 
  • Iberdrola will electrify 100 % of its light vehicle fleet of vehicles in 2030 (progress 27,7 %)
 
Reforestation:
  • No Net Deforestation in 2025 and planting 8 million trees by 2025 and reaching 20 million by 2030 (progress 12.5%).
 

 Renewable consumption:

  • Electricity consumption of renewable origin in all buildings and corporate offices (Europe and USA) in 2030 (progress 49.4 %).

 Recycling:

  • 50 % of blades from wind turbines recycled in 2025 and 100 % in 2030.

Social Performance

 Health and Safety:
  • Target of zero accidents. In order to achieve this target, Iberdrola has a Strategic Occupatinoal Health and Safety Plan.
  • Reduce the Accidentality Rate among own employees (TRIR - Rate of work-related injuries) by 10 % in 2025 and 21 % in 2030 compared to 2021 (progress 30 %).

 Gender: 

  • Ensuring that female directors continue to account for at least 40 % of the Board of Directors by the years 2025 and 2030 (progress 100 %).

  • Increase the presence of women in senior management positions to 30 % in 2025 (progress 86,7 %) and 35 % in 2030 (progress 74,5 %).

  • Increase the presence of women in positions of responsibility to 35 % (progress 97 %) in 2025 and 36 % in 2030 (progress 94 %).


  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 69 %).


 Training: 

  • ≥ 55 training hours per trained employee/year by 2025 and 2030 (progress 100%)

 Sustainable Mobility:

  • Installation of 110,000 charging points for electric vehicles by 2025 (progress 20 %) and 400,000 in 2030 (8.6 % progress).


 Suppliers: 

  • ≥ 80 % purchases from local suppliers in 2025 and 2030 (progress 100 %).
  • ≥ 85 % of sustainable suppliers in 2025 and 2030 (progress 100 %).


 R&D&i: 

  • €420 million annually in R&D&i by 2025 and €550 million by 2030 (progress 66 %).

 

*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.