Climate Change Data

Environmental Metrics

ESG Focus Areas

• Education
• News and Information
• Entertainment
• Environmental Responsibility
• Social Responsibility
• Governance

Environmental Achievements

• Reduced CO2 emissions by 13.8% in Scope 1 and 14.01% in Scope 2.
• Increased renewable energy share to 21% (from 15% in 2018).
• Implemented energy efficiency measures (LED lighting, motion sensors).
• Plan to install a photovoltaic plant to reduce CO2 emissions.
• Campaign to reduce plastic bottled water use.

Social Achievements

• Launched several initiatives to promote gender equality (#SeDial, Mujeres protagonistas).
• Supported various social causes through donations and partnerships.
• Organized events promoting education, culture, and wellbeing.
• Implemented training programs for employees (over 46,430 hours).
• Developed initiatives for inclusive reading (Libros sin barreras, Cuéntamelo fácil).

Governance Achievements

• Capital increase to partially finance the acquisition of Santillana Educación Global.
• Sale of stake in Vertix SGPS, S.A. (Media Capital).
• Changes to the Board of Directors and Board Committees.
• Implemented a Security Master Plan to improve cybersecurity.
• Annual assessment of compliance with the company Policy for the Selection of Directors.

Climate Goals & Targets

Environmental Challenges

• High level of indebtedness.
• Negative financial impact due to the COVID-19 pandemic.
• Supply chain disruptions (not explicitly stated, but implied by the context).

Mitigation Strategies

• Measures to ensure sufficient liquidity.
• Cost structure adjustments (reduction in director and senior management remuneration).
• Actions regarding workforce adaptation.
• Continued commitment to divestments in non-strategic assets.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Guidelines on social responsibility, gender equality, environmental management, and anti-corruption.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards (Comprehensive level), UN Global Compact Principles

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 1
• Goal 2
• Goal 3
• Goal 4
• Goal 5
• Goal 7
• Goal 8
• Goal 9
• Goal 10
• Goal 11
• Goal 12
• Goal 13
• Goal 15
• Goal 16
• Goal 17

Various initiatives contribute to these goals, as detailed throughout the report.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Quality education
• Decent work
• Gender equality
• Peace, justice and strong institutions
• Climate action

Environmental Achievements

• Installation of a 100 kW photovoltaic plant, reducing CO2e emissions by 80 tons per year.
• Installation of LED technology, saving 360 MWh and preventing the release of 139 tons of CO2e.
• Reduction in paper consumption due to the pandemic and digitalization efforts.

Social Achievements

• Launched online training programs for teachers and students, reaching over 5 million users.
• Implemented programs to promote women in technology, benefiting over 1,100 women.
• Launched fundraising campaigns to support communities affected by COVID-19.

Governance Achievements

• Completed debt refinancing agreement, improving financial strength.
• Implemented a new organizational structure separating Education and Media businesses.
• Updated Sustainability Policy and Code of Ethics.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic significantly impacted businesses, particularly media.
• Supply chain disruptions due to the pandemic.
• Maintaining journalistic integrity and combating misinformation.

Mitigation Strategies

• Implemented remote work policies and digital transformation initiatives.
• Developed alternative sourcing strategies and strengthened supply chain resilience.
• Reinforced editorial guidelines and fact-checking processes.

Supply Chain Management

Responsible Procurement

• Prioritization of local suppliers (89.5% of spending in 2020)
• Incorporation of social and environmental criteria in procurement processes.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards (Comprehensive), UN Global Compact Principles, Sustainable Development Goals (SDGs)

Third-party Assurance: Independently verified

UN Sustainable Development Goals

• 1
• 2
• 3
• 4
• 5
• 6
• 7
• 8
• 9
• 10
• 11
• 12
• 13
• 16
• 17

PRISA's activities contribute to various SDGs through quality education, responsible news and information, and sustainable business practices.

Awards & Recognition

• OCARE Award for best environmental content campaign
• enlightED Awards
• Ondas Awards
• Ortega y Gasset Awards
• CincoDías Awards for Business Innovation
• AS Sports Awards

Environmental Metrics

ESG Focus Areas

• Quality Education
• Gender Equality
• Decent Work and Economic Growth
• Climate Action
• Peace, Justice and Strong Institutions

Environmental Achievements

• Reduced Scope 2 emissions by 41.5% vs 2020
• 68% of energy from renewable sources (20% in 2020)
• 100% of paper from renewable or sustainable sources

Social Achievements

• Launched #dejabuenahuella (Leave a Good Mark) campaign supporting SDGs
• Created a Sustainability Committee within the Board of Directors to integrate ESG
• EL PAÍS exceeded 180,000 subscribers
• PRISA Audio became the Number One Spanish-language audio producer with over 400 million downloads

Governance Achievements

• Appointment of Joseph Oughourlian as non-executive chairperson
• New organizational structure separating Education and Media divisions
• Improved gender diversity on the Board of Directors (36% women)

Climate Goals & Targets

Environmental Challenges

• Economic crisis, particularly harsh on the media sector
• Financial situation of the Group
• Pandemic continued to take its toll
• Supply chain disruptions (implied)

Mitigation Strategies

• Refinancing of debt and sale of Santillana Spain and Media Capital
• Total restructuring of the company
• Reorganization of corporate structure
• Focus on development of Santillana in Latin America
• Cost control and cash generation

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• General Procurement Conditions with guidelines for responsible procurement

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI, UN Global Compact

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 4, 5, 8, 13, 16, 10, 17, 11, 1

Detailed in the report

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Ondas Awards, Ortega y Gasset Awards, CincoDías Awards, Dial Awards, Radiolé Awards, Retina ECO Awards, AS Sports Awards, LOS40 Music Awards

Environmental Metrics

ESG Focus Areas

• Committed governance
• Impact on students, schools, audience and society
• Responsible management
• Climate change mitigation
• Diversity and equality
• Data security and privacy
• Responsible supply chain

Environmental Achievements

• 66% renewable energy consumption with Guarantees of Origin (39% in 2022)
• Saving of 100 tonnes of CO2 by self-consumption of photovoltaic energy at the headquarters of El País in Madrid
• 98% of consumption of renewable energy in Spain
• Design of the first Environmental Management Plan for the PRISA Group
• Obtaining the Seal of the Ministry for Ecological Transition for the PRISA Scope 1 and 2 Footprint Registry in Spain
• Commitment to the SBTi initiative (Science Based Targets)

Social Achievements

• Launched a course dedicated to diversity, respect, and equal opportunities for all employees
• Santillana incorporated sustainability content in almost all of its new educational projects, training 5,000 teachers
• PRISA Media launched the program Caracol Sostenible
• Creation of the Inclusive Advertising Guide
• Contributions to foundations and non-profit entities, worth EUR 6,322 thousand (+5.6% compared to 2022)
• Launch of a corporate volunteering programme

Governance Achievements

• Strengthened diversity in the company's governing bodies (46.7% women on the Board of Directors and 55.6% in Senior Management)
• Implementation of compliance models in all countries in LATAM and a data protection policy with global application
• Adherence as founding member of the "Pact for Sustainable Cybersecurity"
• 5% of variable remuneration linked to compliance with ESG objectives
• Increased ESG presence and indices and ratings, from 4 in 2021 to 10 in 2023, and improved ratings in benchmark indices

Climate Goals & Targets

Environmental Challenges

• Turbulent global context marked by international events impacting business prospects (war in Ukraine, conflict in the Middle East, economic slowdown, inflation, rising interest rates)
• ESG risks (environmental, social, and governance factors)

Mitigation Strategies

• Successfully issued 130 million euros worth of bonds convertible into newly issued shares of PRISA in 2023 and announced a new bond issue for 100 million euros in January 2024 to improve financial situation
• Implementing measures to mitigate climate change risks (see section 6.5.2)
• Developing a Net Zero Roadmap
• Commitment to SBTi initiative
• Implementing compliance models and data protection policy
• Developing an Environmental Management Plan

Supply Chain Management

Supplier Audits: No audits planned for the medium term due to the nature of supplies and lack of significant risks detected.

Responsible Procurement

• Supplier Code of Ethics and Conduct (2022)
• ESG criteria in supplier approval procedure
• Priority to local procurement (88% of purchases from local suppliers)

Climate-Related Risks & Opportunities

Physical Risks

• Wear and tear and possible disruption of technical infrastructure
• Increased fire risk
• Heat stress on staff
• Accelerated wear and tear of equipment
• Transmission interruptions
• Upstream and downstream impact

Transition Risks

• Risk of regulatory non-compliance
• Operational impact
• Increase in energy prices
• Reputational damage
• Pressure from stakeholders
• Loss of reputation

Opportunities

• Contribution to climate action through conscious content production and broadcasting
• Collaboration with environmental experts and organisations
• Positioning as an organisation with a strong commitment to sustainability
• Participation in environmental events and campaigns
• Broadcast compensation for advertisers

Reporting Standards

Frameworks Used: GRI Standards, EU Taxonomy, TCFD

Certifications: null

Third-party Assurance: SGS International Certification Services Ibérica, S.A.U.

UN Sustainable Development Goals

• SDG 4
• SDG 5
• SDG 8
• SDG 10
• SDG 12
• SDG 13
• SDG 16
• SDG 17

Initiatives aligned with the SDGs are detailed throughout the report.

Sustainable Products & Innovation

• Accessible educational materials (Santillana)

Awards & Recognition

• Recognition by the UN Global Compact in Spain for promoting the Sustainable Suppliers program
• Santillana chosen as one of the most highly valued companies in Latin America (Elcano Royal Institute)
• Retina ECO awards
• AS del Deporte awards
• Cinco Días awards
• Ortega y Gasset awards
• Radio Euskadi SDG awards
• Sustainable School Award (Brazil, Mexico, Colombia)