· Science Based Targets initiative
· Other / additional company commitment
Iberdrola is helping to lead the energy transition towards a sustainable future, having two thirds of its installed capacity emission-free and its emissions 38% lower than the average of the European electricity sector, Iberdrola are committed to setting a science-based target.
We are committed to:
· reduce CO2 intensity emissions by 30% by 2020 compared to a 2007 base year;
· lower those emissions to less than 150g per kWh by 2030 (a 50% decrease);
· and to be carbon neutral by 2050.
Iberdrola is also a member of the Low Carbon Technology Partnerships initiative, led by the World Business Council for Sustainable Development. This has committed to responsible corporate engagement in climate policy and to implement the recommendations of the Task Force on Climate-related Financial Disclosures; and the Powering Past Coal Alliance. Iberdrola is supporting ambitious approaches to tackle long-term emission reduction strategies (i.e. Position statement: aiming for Zero: Long - term Certainty for Economic Prosperity: www.corporateleadersgroup.com/netzero )
Initiatives we are part of
Beyond the business strategy, Iberdrola plays an active role in the Global Climate Agenda, advocating for climate ambition either directly or through the different organizations with which we are partners such as:
· World Business Council for Sustainable Development,
· United Nations Global Compact (Patron of the Action Platform on Pathways to Low-Carbon and Resilient Development),
· Carbon Pricing Leadership Coalition,
· The Prince of Wales’s Corporate Leaders Group,
· Powering Past Coal Alliance,
· World Economic Forum (WEF) CEO Climate Leaders.
Our Chairman and CEO, Ignacio S. Galán, personally supports the climate agenda through his participation in high level events such as the United Nations Private Sector Forum (UN General Assembly) and the High-Level Events celebrated under the Marrakech Partnership Global Climate Action Agenda at COPs.
Iberdrola has been named as one of the world's 100 most sustainable companies according to the Global 100 Most Sustainable Corporations in the World index published annually by Corporate Knights. The results of this 15th edition were announced this morning in Davos, as part of the World Economic Forum meeting which is held annually in this Swiss locality.
The main conclusion of this ranking is that "committing to a sustainable model produces the same or better returns for investors and improved longevity for companies" according to Corporate Knights. Proof of this is that in profitability terms the Global 100 Index performed better throughout 2018 than other indices such as the Ibex 35 or the Eurostoxx 50.
The results were announced on 21 February 2019 as part of the annual meeting of the World Economic Forum in Davos, Switzerland
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