OPDE Group (Opdenergy Holding S.A. and its subsidiaries)
Climate Impact & Sustainability Data (2021)
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Renewable Energy
- Climate Change
- Environmental and Social Risk Management
- Sustainable Development Goals (SDG 7)
Environmental Achievements
- 584 MW of gross renewable energy capacity in operation or under construction
- Pipeline of projects estimated at more than 8 GW of additional generation capacity
- Targeting to commence construction of over 1 GW of renewable energy capacity in Spain and USA during 2022
- Implementation of Best Available Technologies strategy and measures to protect biodiversity
- Best Environmental Practice campaign to promote sustainable resource use
Social Achievements
- Environmental and social impact assessments carried out at early stages of all projects in conjunction with local stakeholders
- Quality, Environment and Health and Safety Policy in place
- Code of Ethics including human rights policy aligned with international standards
- ISO 9001, ISO 14001, and ISO 45001 certifications
Governance Achievements
- Internal process for evaluating and selecting projects led by Development Team, overseen by Executive Committee and Board of Directors
- Clear management systems and disclosure around temporary use of proceeds
- Annual reporting on allocation of proceeds until full allocation
Climate Goals & Targets
Environmental Challenges
- Potential land use and biodiversity issues associated with large-scale infrastructure development
- Potential health and safety issues during project construction
- Potential effluents and waste
Mitigation Strategies
- Environmental and social impact assessments for each project
- Compliance with all applicable government laws and regulations
- Best Available Technologies strategy
- Measures to protect biodiversity
- Quality, Environment and Health and Safety Policy
- Code of Ethics
Supply Chain Management
Responsible Procurement
- Internal technical accreditation process for purchases and services to ensure quality assurance and control, and environmental health and safety standards
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Green Bond Principles 2021, Green Loan Principles 2021, UN Sustainable Development Goals (SDG 7)
Certifications: ISO 9001, ISO 14001, ISO 45001
Third-party Assurance: Sustainalytics
UN Sustainable Development Goals
- SDG 7
Investments in solar and wind power are expected to contribute to lowering emissions from the energy sector and supporting overall global climate goals.