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2021-09-24 00:00:00.0

“It is positive that the world is pulling in the right direction as we approach COP26”

Iberdrola chairman Ignacio Galán, interviewed on Bloomberg TV during Climate Week in New York.

The chairman of Iberdrola group, Ignacio Galán, was interviewed on Bloomberg TV on the occasion of Climate Week, organised in New York by The Climate Group in collaboration with the United Nations. Galán, who actively participated in this forum, as he has been doing in the main events of the global climate agenda, highlighted the following ideas:

Short term energy supply issues will be resolved, and we must continue to support the clean energy drive.
Global issues such as the price of natural gas are affecting market prices, and the EU needs to monitor closely policies from individual member states to ensure that action is consistent with overall plans to reduce emissions.
In the UK, our commitment is to protect customers during the current issues, and ensure that they have the energy that they need.
There have been encouraging global signs on the fight against climate change coming from New York this week: China and the US have made positive announcements while EU and the UK are continuing with positive climate action plans.
It is positive that the world is pulling in the right direction as we approach COP26 in Glasgow.

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About Iberdrola

Iberdrola is a leading global energy supplier -the third-largest by market capitalisation in the world and the leader in renewables- championing the energy transition towards a low-emissions economy. The group supplies energy to around 100 million people in dozens of countries and has renewable, grid and retail activities in Europe (Spain, the UK, Portugal, France, Germany, Italy and Greece), the US, Brazil, Mexico and Australia, while counting markets including Japan, Ireland, Sweden and Poland among its growth platforms.

With a workforce of more than 37,000 and assets of over €122.5 billion, it recorded turnover in excess of €33 billion and net profit slightly exceeding €3.6 billion in 2020. The company contributes to the maintenance of 400,000 jobs in its supply chain, with an annual procurement budget of €14 billion. A leader in the fight against climate change, Iberdrola has committed more than €120bn over the last two decades to building a sustainable energy model based on sound environmental, social and governance (ESG) principles.