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2024-08-21 09:00:00.0 - 2024-08-21 09:00:00.0 UTC +02:00Iberdrola, chosen for the FTSE4Good index since 2009
- The electricity company chaired by Ignacio Galán is present in the world's leading sustainability benchmarks.
Iberdrola has been included for yet another year in the prestigious international FTSE4Good index, designed to make it easier to invest in the world's most sustainable companies, based on ESG (environment, sustainability and governance) criteria.
The electricity company, Europe's largest by capitalisation with a value of around 80 billion euros, has met the requirements of the committee in charge of deciding on index members. It complies with an increasingly demanding methodology that includes more than 200 indicators, including respect for the environment, social commitment and good corporate governance.
Inclusion in the FTSE4Good index confirms Iberdrola's good performance in terms of labour standards, human rights, health and safety, biodiversity, climate change, water and customer responsibility, and social aspects of the supply chain. The company has also met the organisation's requirements in terms of corporate governance, risk management, anti-corruption mechanisms and fiscal transparency.
Iberdrola now has more than 43,000 megawatts (MW) of installed renewable capacity worldwide and 85% of its production is emissions-free. Its emissions in Europe stood at 26 grams of CO2/kWh in the first half of the year, while the ratio of its European peers was 250 grams of CO2/kWh last year.
Last February, Iberdrola was also included for another year in one of the most prestigious indices on climate change in the world, CDP Climate Change, with the highest score. Iberdrola is one of a small number of companies, out of more than 23,000 companies analysed, that have achieved an "A" rating.
Iberdrola aims to achieve emissions neutrality at our generation, electricity distribution and own consumption plants by 2030 (scopes 1 and 2) and to achieve zero net emissions in all our activities by 2040. Iberdrola is a global benchmark, being present in the main international sustainability indices, which include, in addition to those mentioned above, Moody's ESG, MSCI, Sustainalytics, ISS-ESG, Bloomberg GEI and EcoVadis.
Iberdrola is also the only European electricity company to have been included in all 24 editions of the Dow Jones Sustainability Index. This reveals its firm commitment to sustainability and recognition of its strategy, which responds to the main economic, environmental and social challenges of international energy policy.
Leading the world in sustainability
Iberdrola has incorporated the Sustainable Development Goals (SDGs), defined by the United Nations for the 2030 horizon, into its business strategy and sustainability policy, and is a benchmark for its direct contribution to the global goals, highlighting its contributions in the field of energy and climate change.
The company focuses its efforts on the supply of affordable and clean energy (goal 7) and climate action (goal 13), while contributing directly to ensuring clean water and sanitation (goal 6), has increased its investment in R&D&I activities (goal 9), promotes respect for the life on land ecosystems (goal 15) and works to build partnerships to achieve the goals (goal 17).