IBERDROLA is the only Spanish electric utility to be included in the Global 100 Most Sustainable Corporations in the World 2010 index presented today in Davos (Switzerland) during the World Economic Forum meeting attended by company chairman, Ignacio Galán.
The company, included for the fifth consecutive year in this ranking, is one of only two Spanish companies, and the second European utility to be included in the list compiled by Corporate Knights, the magazine specialising in corporate social responsibility.
This prestigious international ranking assesses various aspects of the world’s leading companies - including transparency, sustainable use of resources, innovation capacity and criteria relating to social responsibility and corporate governance.
To select the components of the Global 100 Most Sustainable Corporations in the World 2010 companies from 24 countries that have been the most successful in managing environmental, social and corporate risks and opportunities were studied closely.
According to Toby Heaps, editor of Corporate Knights, “thanks to clear indicators that show investors that companies can stand out from their peers, we hope to create a trend whereby the most sustainable groups attract more capital and obtain better results”.
Matthew Kiernan, chief executive of Inflection Point Capital Management, a new sustainability-based asset management venture whose business model is the basis of the index, expects the Global 100 to become the “international gold standard” for sustainability indices.
Policy against climate change
IBERDROLA’s Board of Directors, aware of the fundamental role placed by the energy sector in the fight against climate change, has recently approved its corporate policy for this area.
Through this policy, the company undertakes to give support to international agreements aimed at resolving this environmental problem, foment the development of efficient technologies to reduce greenhouse gas emissions, promote the efficient use of energy and conduct awareness campaigns among its customers to encourage responsible energy use.
In order to meet these targets, the company will be guided by a list of basic principles which involve trying to surpass the recommendations contained in international agreements for the electricity sector, improve the performance of its distribution networks, support a corporate culture based on the efficient use of energy and incorporate best practices to help mitigate climate change.
For further details: http://www.global100.org/
This communication does not constitute an offer of purchase, sale or exchange or a request for an offer of purchase, sale or exchange of values. The shares of Iberdrola S.A. cannot be offered or sold in the United States, except if this is carried out through a declaration of effective notification of what is laid out in the Securities Act or under the protection of a valid exemption of the need for notification.