IBERDROLA

Description

IBERDROLA is a Spanish private multinational electric utility company based in Bilbao, Spain and serves around 30 million customers in over 40 countries. Subsidiaries include Iberdrola Renovables; Iberdrola Portugal (Portugal), Scottish Power (Scotland), Iberdrola USA (United States), Iberdrola Mexico, Elektro (Brazil), Electropaz (Bolivia), among others.

IBERDROLA, a company committed to the economic, social and environmental aspects of sustainability, is universally recognised as one of Europe’s leading utility companies, having being established in 1991 following the merger of leading Spanish companies HIDROELECTRICA ESPANOLA and IBERDUERO, which had both been setting standards in the industry for many years. Indeed, as well as merging the companies’ physical assets, more than 100 years of experience in power production, transport and distribution of electricity were also merged, turning IBERDROLA into one the four largest electricity companies in the world, and the top energy group in Spain.

IBERDROLA has undergone a wide-ranging transformation over the last ten years which has enabled it to advance through the ranks to become the number one Spanish energy group, one of the Spanish main companies on the Ibex 35 by market capitalisation, the world leader in wind energy, and one of the world's top power companies.

IBERDROLA has achieved this position by means of a long-term industrial project which is sound, profitable and creates value, rooted in a strategy of sustainable growth, and by working every day to offer more respectful energy sources. After more than 150 years moving forward, the Company has now laid the firm foundations for its future growth.



Sustainability

In line with the position taken by the European Union, IBERDROLA develops its Social Responsibility policy and practices as part of its contribution to Sustainable Development, which is reflected in the definition of its "Vision and Values". The "Company's Corporate Social Responsibility Policy [PDF]" includes 10 points which define the approach of the Grupo IBERDROLA companies to their operational practices.

A sustainable energy model must meet various political objectives:
• Economic goals linked to the need for stable, secure and competitive energy supplies.
• Social goals related to universal access to essential services under acceptable economic conditions.
• Environmental goals resulting in reduced emissions and greater efficiency in goods and services production and usage.

The Company's Board of Directors has adopted, among others, the "Environmental [PDF]", the "Biodiversity [PDF]" and "against Climate Change [PDF]" Policies, which set forth the principles to be followed by the Company in order to continue improving its environmental management efforts, thus contributing to attaining the aforementioned energy model.

IBERDROLA's environmental strategy and management has been acknowledged in several international environmental indices. Among the most prestigious we may highlight the Dow Jones Sustainability Index, where IBERDROLA has been selected in every index since the Index was founded in 1999 and has been named best company in the utilities sector by (DJSI) 2012, also Iberdrola has been included in the top-ranked power company in the 2012 edition of the Global 100 Most Sustainable Corporations in the World index , in the FTSE4Good Index and others.

IBERDROLA is aware of the loss of biodiversity and in line with its commitment to sustainable development considers the conservation of biodiversity as a basic principle of their environmental policy. For this reason IBERDROLA has a "Biodiversity Policy" in place, approved by the Board of Directors on 18 December 2007, which applies to all business companies and regions where the Company operates.

Iberdrola, which manages a large part of the Spanish electricity grid, performed the Biodiversity Check of the European Business & Biodiversity Campaign. Their biggest problem is animals that get electrocuted by or collide with the electricity infrastructure. Snakes for example, confuse the insulators with birds, bite the lines and die from electrocution, causing a black-out. Nesting of storks on the poles is another problem for its operation that Iberdrola faces. 12 years ago the company started to address this issue and for example installed alternative nesting poles and was able to motivate the stork to "resettle”. More information you may find in this "presentation".

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