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The Spanish Observatory for Sustainable Financing (Ofiso) wanted to highlight Iberdrola's efficient working practices, thanks to its pioneering vision in sustainable finance. Iberdrola has consolidated its position as a benchmark in sustainable finance, being the world's first private group to issue green bonds, after becoming in 2014 the first Spanish company and second in the world to issue a bond of these characteristics. The Group currently has around €21 billion of green bonds outstanding.

In the banking market context, the Company also signed the first green loan for an energy company in the world in 2017, amounting to €500 million. That transaction was followed by various bank loan operations, with multilaterals and financing of green projects, as well as credit lines linked to sustainability criteria.

The Iberdrola Group currently has operations for close to €60,000 billion in sustainable finance, both in green format, with the use of funds for specific investments and with operations linked to sustainability criteria.

The leadership shown in sustainable finance has been made possible by the Group's pioneering strategy in its investments in supporting the energy transition, which began more than 20 years ago.

This financial strategy (ESG+F) is strengthened by a new strategic plan, in which the Company intends to invest €41 billion between 2024 and 2026. The plan aims to drive the decarbonisation and electrification of the economy.

The Spanish Observatory for Sustainable Finance grants these annual awards to financial institutions, companies or institutions in recognition of excellence in the field of sustainable finance. 

The objective of this Observatory is to give visibility to responsible financial solutions, adopting best practices as well as influencing and giving visibility to financial industry professionals.