Sustainability scorecard

The sustainability assessment of the Iberdrola group

The Sustainability assessment is a tool for evaluating the group's sustainability performance by analysing its economic, environmental and social dimensions, and is used to determine which aspects require improvement throughout the group as a whole. The assessment serves to measure the quality of the sustainable strategy pursued.

Energy sustainability

Business sustainability

  • Icon Competitiveness
  • Icon Security of supply
  • Icon Environment
  • Icon Social dimension
  • Icon Value creation

 

 

Targets

Environmental Performance

GHG Emissions (validated by Science Based Targets initiative - SBTi)*::

  • To reach net-zero greenhouse gas emissions across the value chain by 2039 from a 2020 base year.

  • To reduce absolute scope 1, 2 and 3 GHG emissions 65 % by 2030 from a 2020 base year, which is in line with a 1.5°C trajectory.

  • To reduce scope 1, 2 and 3 emissions 90% by 2039 from a 2020 base year, aligned with the SBTi's 1.5 °C mitigation pathways for reaching net-zero before 2050.

  • In line with the science based targets set for 2030 and 2039, we estimate a path to reduce absolute scope 1, 2 and 3 GHG emissions 20 % by 2026 from a 2020 base year.


 Biodiversity: 

  • Iberdrola will have a net positive impact on biodiversity by 2030. This goal is based on the application of the conservation hierarchy principle throughout the life cycle of its facilities and the implementation of mechanisms to identify, quantify, and monitor compliance therewith.
  • Adaptation of 234,000 poles in the distribution lines to avoid electrocution of birds by 2025 in Spain (52 % progress). 
Water:

  • Reduce the intensity of water use/production to 63 % in 2030 from 2021 (18 % in 2025) (progress -2 %)

 
 Pollution:

  • Reduce NOx emissions intensity to <0.10g/kWh in 2030.

 
 Sustainable Mobility: 

  • Iberdrola will electrify 100 % of its light vehicle fleet of vehicles in 2030 (progress 27,7 %)

 
Reforestation:

  • No Net Deforestation in 2025 and planting 8 million trees by 2025 and reaching 20 million by 2030 (progress 12.5%).

 

 Renewable consumption:

  • Electricity consumption of renewable origin in all buildings and corporate offices (Europe and USA) in 2030 (progress 49.4 %).

 Recycling:

  • 50 % of blades from wind turbines recycled in 2025 and 100 % in 2030.

Social Performance

 Health and Safety:

  • Target of zero accidents. In order to achieve this target, Iberdrola has a Strategic Occupatinoal Health and Safety Plan.

  • Reduce the Accidentality Rate among own employees (TRIR - Rate of work-related injuries) by 10 % in 2025 and 21 % in 2030 compared to 2021 (progress 30 %).


 Gender: 

  • Ensuring that female directors continue to account for at least 40 % of the Board of Directors by the years 2025 and 2030 (progress 100 %).

  • Increase the presence of women in senior management positions to 30 % in 2025 (progress 86,7 %) and 35 % in 2030 (progress 74,5 %).

  • Increase the presence of women in positions of responsibility to 35 % (progress 97 %) in 2025 and 36 % in 2030 (progress 94 %).


  Electricity access:

  • Objective in the "Electricity for all" program to provide electricity to 16,000,000 people who currently do not have access by 2030 (progress 69 %).


 Training: 

  • ≥ 55 training hours per trained employee/year by 2025 and 2030 (progress 100%)

 Sustainable Mobility:

  • Installation of 110,000 charging points for electric vehicles by 2025 (progress 20 %) and 400,000 in 2030 (8.6 % progress).


 Suppliers: 

  • ≥ 80 % purchases from local suppliers in 2025 and 2030 (progress 100 %).

  • ≥ 85 % of sustainable suppliers in 2025 and 2030 (progress 100 %).


 R&D&i: 

  • €420 million annually in R&D&i by 2025 and €550 million by 2030 (progress 66 %).

 

*Overall Net-Zero Target: 
Iberdrola SA commits to reach net-zero greenhouse gas emissions across the value chain by 2039 from a 2020 base year. 

Near-Term Targets: 
Iberdrola SA commits to reduce absolute scope 1, 2 and 3 GHG emissions 65 % by 2030 from a 2020 base year. Within that target, Iberdrola SA commits to reduce scope 1 and 2 GHG emissions from power generation 83 % per kWh by 2030 from a 2020 base year. Iberdrola SA also commits to reduce scope 1 and 3 GHG emissions from fuel and energy related activities covering all sold electricity 85 % per kWh within the same timeframe. Iberdrola SA further commits to reduce absolute scope 3 GHG emissions from use of sold products 42 % within the same timeframe. Iberdrola SA finally commits to reduce all remaining absolute scope 3 GHG emissions 46 % within the same timeframe. 

Long-Term Targets: 
Iberdrola commits to reduce scope 1, 2 and 3 emissions 90 % by 2039 from a 2020 base year. Within that target, Iberdrola SA commits to reduce scope 1 and 2 GHG emissions from power generation 84 % per kWh by 2039 from a 2020 base year. Iberdrola SA also commits to reduce scope 1 and 3 GHG emissions from fuel and energy related activities covering all sold electricity 95% per kWh within the same timeframe. Iberdrola SA further commits to reduce absolute scope 3 GHG emissions from use of sold products 90 % within the same timeframe. Iberdrola SA finally commits to reduce all remaining absolute scope 3 GHG emissions 90 % within the same timeframe.

** Breakdown of training hours (thousands of hours):
Environmental: 24.6
Management Skills: 103.3
Languages: 90.7
Health and Safety: 627.3
Technical: 1,639.9
Other (courses): 246.2:
Unconscious bias training: offered in Spain, United Kingdom, USA, Brazil, Mexico and IEI.
Annual anti-sexual harassment training: taught in Spain, United Kingdom, USA, Brazil, Mexico and IEI.
Retention rate (employees/retention rate):
Global Talent Mentoring: 90%
Female mentoring: 100% (has contributed to improving the percentage of women in relevant positions from 24% in 2021 to 26% in 2022)