#economy

On 25 September 2018 the 'El País' newspaper published an interview with the Chairman and CEO of Iberdrola, Ignacio Galán, on his participation in the UN Global Compact 2018 in New York (USA). Galán acknowledged his satisfaction that a Spanish company has been acknowledged for its work in combating global warming.

The Iberdrola Group's direct tax contribution worldwide amounted to nearly 9.3 billion euros last year, 24% more than in 2022, which represents the payment of more than one million euros per hour. This is reflected in the Fiscal Transparency Report 2023, prepared by the company for the sixth consecutive year.

Sand is, after water, the most sought after natural resource. It is an essential component in the manufacture of electronic devices and glass, and it is also used in bulk in construction. Rapid population growth and the mass development of cities have turned this material into a scarce commodity and a very lucrative business has emerged in trading sand. The theft of sand is a real threat to the environment.

The COVID-19 pandemic is battering the global economy and forcing the “powers that be” to roll out short-term strategies to inject liquidity into markets, provide support for the unemployed and boost health systems with resources. Governments around the world are designing medium and long-term economic recovery programmes, and many legislators, organisations and companies are planning a green recovery.

In 2015, all the member states of the United Nations (UN) approved the 2030 Agenda for Sustainable Development - an action plan to help people and the planet, encompassing the 17 SDGs.

The circular economy entails a radical change in perspective by people and companies when it comes to dealing with the lack of resources, environmental impact, value creation, and employment.