IBERDROLA's commitment to combating climate change dates back to its own origins, always focusing on the most environmentally-friendly technologies, such as hydroelectric energy, and standing by this commitment throughout its 110-year history.

Its efforts to foster sustainable development and cut CO2 emissions, the main causes of climate change, have positioned the group as a global leader in wind energy and a standard-bearer for its competitors.

Throughout its history, IBERDROLA has fostered the use of cleaner power generation technologies, and now has more than 12,800 MW of installed capacity from renewable sources worldwide, plus another 9,950 MW in hydroelectric capacity. Furthermore, it continues to seek new sources of green energy, and it leads the field in research into new technologies such as offshore wind power.

The Company is also working on a number of R&D initiatives aimed at reducing emissions at its traditional plants. This includes a CO2capture and storage facility at Longannet power station in Scotland, the initial phase of which was launched in 2009 and that is now able to process 1,000 cubic metres per hour of CO2emitted at the coal-fired plant.

The fight against climate change has become one of society's most pressing concerns, and, accordingly, IBERDROLA deems it a key element of its strategy. One of the most efficient ways to reduce emissions, and one which is being called for by the public, is the electric car. IBERDROLA is the first Spanish company to launch a comprehensive solution for the promotion of electric vehicles. IBERDROLA's Green Mobility Plan offers customers finance for the acquisition of electric cars, installs recharging stations and provides 100% renewable power supply.

Fully aware that the energy sector is called upon to play a crucial role in combating climate change, IBERDROLA has been the first Spanish utility to approve a policy aimed at encouraging support for an international agreement on climate change. It is promoting the development of efficient technologies to reduce greenhouse gas emissions whilst conducting awareness campaigns among its customers to encourage responsible energy consumption.

The Company's efforts to reduce its own CO2 emissions have earned it AENOR certification for its greenhouse gas emissions inventory, in accordance with standard UNE-ISO 14064-1:2006 (Specification with guidance at the organization level for quantification and reporting of greenhouse gas emissions and removals). IBERDROLA was the first Spanish company to be awarded certification for this catalogue, whichencompasses all itsactivities in Spain, UK, US and Latin America.

Also, the Group wants its stakeholders to take an active part in the battle against climate change, and has therefore launched a number of initiatives to curb CO2 emissions among its suppliers worldwide, as well as offering advice to consumers on how to use resources responsibly at the roadshow bus which travels around Spain.

IBERDROLA's commitment to sustainable development aspires to be closely in touch with environmental sensitivities around the world. In order to provide answers to society's concerns and demands, the Company holds the annual Environmental Forum, where it establishes a constructive dialogue with its stakeholders to identify their expectations regarding the Company's activities in this field.

In line with its commitment to winning the fight against climate change, IBERDROLA has also launched a climate change website (www.togetheragainstclimatechange.com), where it explains the various initiatives it has implemented, whilst offering users a tool to calculate their own carbon footprint.