Iberdrola recognized for climate action plans and transparency by CDP’s A List

Iberdrola recognized for climate action plans and transparency by CDP’s A List

(IN BRIEF) Spanish energy company Iberdrola has been included for another year in the Supplier Engagement Leaderboard compiled by CDP, a leading organization focused on the transparency and performance of climate practices. The list recognizes companies that excel at engaging their suppliers on climate change, measuring and reducing climate risk in their supply chains and taking action against climate change. Iberdrola has been engaging with its 20,000 suppliers globally on ESG objectives for several years and aims to have 85% of its 1,000 main suppliers worldwide governed by ESG criteria by 2025. The company has incorporated the Sustainable Development Goals into its business strategy and sustainability policy, with a focus on providing affordable and clean energy and taking climate action. Iberdrola aims to achieve zero net emissions in power plants and own consumption by 2030 and across its entire business by 2040.

(PRESS RELEASE) BILBAO, 15-Mar-2023 — /EuropaWire/ — Iberdrola (BME: IBE), a Spanish multinational leader in clean energy and a pioneer in the deployment of smart grids, announces that it has been included in the Supplier Engagement Leaderboard for yet another year, prepared by CDP, an organization focused on the transparency and performance of climate practices of various companies. The company has been recognized for its efforts in engaging suppliers on climate change, measuring and reducing risks in its supply chain, and fighting climate change. Iberdrola has involved over 20,000 suppliers worldwide in ESG objectives for several years, with a target of 85% of its main suppliers worldwide to be governed by ESG criteria by 2025.

CDP develops an annual ranking to evaluate and promote the climate actions of companies in the supply chain. Iberdrola was named as a Supplier Engagement Leader for its climate actions, a few months after its recognition on the CDP’s “A List” for its climate action plans and transparency in information. The company is also included in other international sustainability indices, such as the Dow Jones Sustainability Index, MSCI, Sustainalytics, Bloomberg GEI, Euronext Vigeo Eiris indices, Global100, and EcoVadis.

Iberdrola has incorporated the Sustainable Development Goals (SDGs) defined by the United Nations for the 2030 horizon into its business strategy and sustainability policy. The company aims to provide affordable and clean energy, take climate action, ensure clean water and sanitation, increase investment in R&D&I activities, promote respect for terrestrial ecosystems, and work to build partnerships to achieve the goals. The company has demonstrated leadership in environmental care by reducing its emissions to 59 g/kWh, a quarter of its European peers, aiming to achieve zero net emissions in power plants and own consumption by 2030 and across its entire business by 2040.

Media contact:

Tel: +34 91 784 32 32
comunicacioncorporativa@iberdrola.es

SOURCE: Iberdrola, S.A.