NEW YORK, 23-Sep-2019 — /EuropaWire/ — Iberdrola‘s ongoing commitment to the United Nations Global Compact and its Ten Principles for responsible business has today been recognized as the company has been named as a Global Compact LEAD participant.
Iberdrola was identified as one of the most highly-engaged participants of the world’s largest business sustainability initiative during the UN Global Compact Leaders Week in New York.
Commenting on the LEAD companies, Lise Kingo, CEO and Executive Director of the UN Global Compact, said:
“LEAD companies represent the highest level of engagement with the UN Global Compact. More than ever before, the world needs businesses of all sizes – like the ones announced as LEAD today – that continuously work to improve their sustainability performance and take action to build a better world.”
Commenting on Iberdrola’s achievement, Ignacio Galán, Iberdrola’s Chairman, said as well:
“Iberdrola is fully committed with the achievement of United Nations Global Compact and its Ten Principles as a centerpiece of our leadership on sustainability and climate action. These Ten Principles are an important milestone in our engagement with people and the planet”.
In order for a company to receive LEAD’s recognition it must first be a participant in at least two UN Global Compact Action Platforms to demonstrate the its engagement with the UN Global Compact and commitment to defining and fostering leadership practices in line with the Ten Principles and the Global Goals. And second, to submit, or commit to submitting an advanced communication on progress, as an annual sustainability report detailing progress on implementing the Ten Principles.
In particular, Iberdrola has showed its commitment to the UN Global Compact during 2019 by participating in Action Platforms on Pathways to Low-Carbon & Resilient Development, Financial Innovation for the SDG, Reporting on the SDGs.
Each UN Global Compact Action Platform convenes business, Global Compact Local Networks, leading experts, civil society, Governments and UN partners to solve complex and interconnected issues and innovate around the Sustainable Development Goals (SDGs).
Iberdrola’s participant profile on the UN Global Compact website provides more information on its communication on progress (CoP) and other related details as the pages can be found on the following links:
Iberdrola has joined the UN Global Compact in 2002 and since then has been proud to be part of a global movement of sustainable companies and stakeholders. Iberdrola has taken a shared responsibility for building a better world by adopting a principles-based approach to sustainability.
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