Iberdrola recognised for another year with an "A" rating for climate change transparency
Iberdrola remains steadfast in its commitment to decarbonisation. The company has remained on the world's most prestigious climate change index, the CDP, with the highest score. According to data reported by CDP, the company is one of a small number of companies to have achieved an "A" rating, out of more than 21,000 companies analysed.
CDP uses a detailed, independent methodology to assess companies, assigning a score from A to D based on completeness of disclosure, knowledge and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets.
Fully aligned with the Task Force on Climate-related Financial Disclosure (TCFD) CDP has the world's largest environmental database, whose scores are used to drive investment and procurement decisions towards a sustainable, resilient and zero-carbon economy.
In 2023, more than 740 financial institutions with over 136 trillion dollars in assets requested companies to disclose data on environmental impacts, risks and opportunities through the CDP platform, achieving a record participation of more than 24,000 companies.
In addition to its inclusion in this index, the company's presence and high score in the main international sustainability indices, including the Dow Jones Sustainability Index, Moody's ESG, MSCI, FTSE4Good, Sustainalytics, ISS-ESG, Bloomberg GEI, EcoVadis, etc., must be added to its inclusion in this index.
Leading the world in sustainability
Iberdrola has incorporated the Sustainable Development Goals (SDGs), defined by the United Nations for the 2030 horizon, into its business strategy and sustainability policy, and is a benchmark for its direct contribution to global goals, with its contributions in the field of energy and climate change standing out.
The company focuses its efforts on the supply of affordable and non-polluting energy (goal 7) and on climate action (goal 13), although it contributes directly to ensuring clean water and sanitation (goal 6), has increased its investment in R&D&I activities (goal 9), promotes respect for the life of terrestrial ecosystems (goal 15) and works to establish alliances to achieve the goals (goal 17).
In addition, Iberdrola continues to make progress in its commitment to energy self-sufficiency and in its proactive role as an active agent in the fight against climate change. Iberdrola now has more than 41,000 megawatts (MW) of renewable capacity installed worldwide and has an emission-free electricity production of more than 80%.
