Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic Performance
• Social Dimension
• Environmental Dimension

Environmental Achievements

• Avoided the emission of 504,923 tonnes of CO2 into the atmosphere through the generation of more than 1 million MWh of renewable energy.
• Achieved 686.5 MW of wind energy in operation by commissioning new wind farms in Belgium, Poland, Turkey, and Brazil.

Social Achievements

• Delivered more than 600 hours of health and safety training.
• Improved communications through infrastructure or internet projects, training in wind power in Brazil and Puerto Rico, expansion of the Szerzawy’s school in Poland, and job opportunity creation program in South Africa.

Governance Achievements

• Renewed support for and adhesion to the United Nations Global Compact.
• Concluded the 2013-2015 Sustainability Master Plan and established guidelines for the 2016-2018 plan.

Climate Goals & Targets

Environmental Challenges

• Low gas and oil prices, mainly in the USA.
• Ministerial Order in Spain increasing exposure to wind output market risk and reduction in energy demand.
• Ongoing drought in Brazil.
• Crisis in Brazil and risk of a new global financial crisis.
• Weakness of the euro.

Mitigation Strategies

• Diversification in various markets.
• Long-term energy sale price agreements at fixed prices and with agreed price adjustments.
• Hedging derivatives associated with debt and finance in foreign currency.
• Operating in markets offering a stable and secure regulatory framework.
• Analyzing cash flows generated by projects and possible asset purchase transactions.
• Guaranteeing liquidity needs through loans and credit facilities maintained with the parent company.
• Detailed studies of local climatology for the orientation of wind farm towers.

Supply Chain Management

Supplier Audits: Approved suppliers evaluated at least yearly; sustainability and human rights questionnaire defined for evaluation of main suppliers (EPC) in 2015 for initial consultation in 2016.

Responsible Procurement

• Compliance requirements, including criteria of sustainability and an Ethics Code; mandatory clause in new contracts declaring acceptance and commitment to comply with Gestamp Wind Ethics and Conduct Code.

Climate-Related Risks & Opportunities

Physical Risks

• Rise in temperature potentially leading to benefits or downturn in wind resource.

Transition Risks

• Regulatory changes and increasingly ambitious strategies to progress towards the shift from carbon-based energy to renewable sources.

Opportunities

• Substantial increase in markets and opportunities for growth in wind and other clean energy sectors.

Reporting Standards

Frameworks Used: GRI G4 Guidelines - comprehensive option, UN Global Compact

Certifications: UNE-EN ISO 9001:2008 (wind farm operation and maintenance), ISO 14001, OHSAS 18001

Third-party Assurance: EY

UN Sustainable Development Goals

• SDG 7 (Affordable and clean energy)

Wind energy production contributes to universal access to sustainable energy by 2030.

Sustainable Products & Innovation

• Wind energy

Awards & Recognition

• Incentives granted by the Ministry of Employment for reduction and prevention of occupational accidents.

Environmental Metrics

ESG Focus Areas

• Economic
• Social
• Environmental

Environmental Achievements

• Avoided the emission of 578,856 tonnes of CO2 as a result of the generation of 7,728,930 GJ of renewable energy

Social Achievements

• Delivered 3,127.5 hours of training, representing an average of 35.9 hours per employee; No accidents were suffered by our own workforce
• Undertook numerous initiatives contributing to the local development of those regions where it has a presence, strengthening links with the local population and authorities, with the ultimate aim of improving the quality of life of the local populace.

Governance Achievements

• Implemented substantial improvements in our “Risk Assessment” methodology, with a focus more tailored to the type of activity performed

Climate Goals & Targets

Environmental Challenges

• Low gas and oil prices
• Regulatory changes in the energy market in one of the countries, as well as tax regulations there.
• The economic and financial crises in the countries where the company operates.
• The evolution of the euro exchange rate against the currencies of various countries.
• Climate change (impact on wind resource)
• Reputational risks derived from potential conduct in violation of the guidelines established in policies and codes as regards human rights, ethics and anti-corruption.

Mitigation Strategies

• Diversification across different markets
• Prioritises those regions where there is strong energy demand with regulatory certainty
• Project feasibility studies, along with definition of the optimal orientation of the wind farms
• Technological progress in new turbines
• Code of Ethics and Conduct, the Behavioural Guide in Response to the Offering of Incentives, Gifts and Invitations, the Harassment Prevention Guide and the Integrated Environment, Quality and Health & Safety Policy
• Communication mechanisms in place to deal with complaints and conflicts

Supply Chain Management

Supplier Audits: Annual re-assessment of approved suppliers

Responsible Procurement

• Purchasing, contracting, selection and approval of suppliers procedure; Contracts include a clause requiring acceptance of and compliance with the Elawan Code of Ethics and Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Climate conditions impacting wind resource

Transition Risks

• Regulatory changes in the energy market

Opportunities

• Growth in renewable energy sector

Reporting Standards

Frameworks Used: GRI G4

Certifications: ISO 9001, ISO 14001, OHSAS 18001

Third-party Assurance: EY

UN Sustainable Development Goals

• Goal 7
• Goal 13

Elawan's activities contribute to Goal 7 (affordable and clean energy) and Goal 13 (climate action) through renewable energy generation and community development initiatives.

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• 3,565,777 GWh renewable energy produced in 2022
• 22.15 t CO2 eq from scopes 1 and 2 emissions

Social Achievements

• 138 employees at the end of 2022, 100% permanent full-time
• €30,550,000 spent on local suppliers
• 1,907.17 hours of training, 13.82 hours/employee

Governance Achievements

• ISO 45001, ISO 14001, and ISO 9001 certifications
• Updated Compliance Manual in 2022
• Member of the United Nations Global Compact

Climate Goals & Targets

Environmental Challenges

• Increased park commissioning and access control documentation delays
• Growing competition in renewable energy development in Spain
• Substantial increase in material costs
• Possibility of extreme weather events
• Regulatory changes in energy policies

Mitigation Strategies

• Hiring additional personnel for documentation and access control
• Active search for opportunities and local promotion
• Framework agreement including price increases
• Control insurance policy and implementation of emergency plans
• Search for financing and hiring external legal experts

Supply Chain Management

Responsible Procurement

• Selection based on impartiality, rigor, and objectivity; consideration of environmental and social aspects; audits when necessary; zero tolerance for child or forced labor.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes in energy policies

Opportunities

• New energy auctions or energy promotion processes

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 45001, ISO 14001, ISO 9001

Third-party Assurance: EY

UN Sustainable Development Goals

• 3
• 4
• 7
• 8
• 12
• 13

Elawan's initiatives contribute to these SDGs through renewable energy production, employee well-being programs, local community investment, and GHG emission reduction plans.

Environmental Metrics

ESG Focus Areas

• Governance
• Environmental
• Social

Environmental Achievements

• Reduced electricity consumption at Madrid offices by around 18% in 2023 (71,783 kWh compared to 87,272 kWh in 2022).
• Reduced Carbon Footprint of Madrid headquarters by around 22% in 2023 (17.82 t CO2 eq compared to 22.87 t CO2 eq in 2022).

Social Achievements

• Achieved zero accidents goal at all work centers in 2023.
• Increased workforce by 35% in 2023 (hiring 41 new employees).

Governance Achievements

• Updated Compliance Manual in December 2023.
• Implemented a whistle-blowing policy for managing tax matters and other unethical conduct.

Climate Goals & Targets

Environmental Challenges

• Fluctuations in energy prices.
• Growing competition in renewable energy.
• Increase in cost of materials.
• Possibility of extreme weather events.
• Changes and amendments in applicable legal requirements.

Mitigation Strategies

• Signing of PPAs (power purchase agreements).
• Active search for local opportunities.
• Defining a framework agreement that includes price increases.
• Control insurance policy and emergency plans.
• Engaging an external company to identify and evaluate legal requirements outside Spain.

Supply Chain Management

Supplier Audits: All new suppliers underwent evaluation in 2023.

Responsible Procurement

• Evaluation of suppliers based on compliance checklist covering employee health and safety, quality, environmental practices, and legal and social responsibilities.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018

Third-party Assurance: EY Spain (Ernst & Young)