Climate Change Data

ACCIONA Energía

Climate Impact & Sustainability Data (2021, 2022, 2023)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:14,303 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:6,214 tCO2e/year
Scope 2 Emissions:8,089 tCO2e/year (market-based)
Scope 3 Emissions:395,479 tCO2e/year
Renewable Energy Share:97% of total energy use
Total Energy Consumption:Not disclosed
Water Consumption:1.4 hm³/year
Waste Generated:36,004 tons/year (non-hazardous)
Carbon Intensity:5.79 tCO2e/million euros of sales (Scopes 1 & 2)

ESG Focus Areas

  • Climate Change
  • Diversity & Inclusion
  • Governance
  • Human Rights
  • Community Engagement

Environmental Achievements

  • Reduced Scope 1 and 2 GHG emissions by 71% compared to 2017.
  • Avoided the emission of 13.4 million tonnes of CO2e by generating 24.5 TWh of renewable energy.
  • Reduced water consumption in water-stressed countries by 35% compared to 2020.
  • Recovered 97% of non-hazardous waste.

Social Achievements

  • Consolidated the People programme, significantly contributing to employee well-being.
  • Approved Human Rights Policy and implemented the Internal Control System for Social Safeguards.
  • Increased the percentage of women in management and executive positions to 23.2%.

Governance Achievements

  • Created the Audit and Sustainability Committee.
  • Approved the Policy Book, including policies on sustainability, stakeholder relations, anti-corruption, and human rights.
  • Obtained ISO 37001 for Anti-Bribery Management Systems and UNE 19601 Criminal Compliance Management System.

Climate Goals & Targets

Long-term Goals:
  • Achieve net-zero emissions by 2050.
Medium-term Goals:
  • Reduce water consumption in water-stressed areas by 11% compared to 2020.
  • Reduce waste sent to landfill by half.
Short-term Goals:
  • Reduce GHG emissions in line with the SBT target 2030 of 1.5ºC reduction.
  • Invest at least 95% of CapEx in sustainable activities according to the European taxonomy.

Environmental Challenges

  • Scope 3 emissions increased by 6% due to higher purchasing intensity.
  • Maintaining a safe work environment while expanding operations globally.
Mitigation Strategies
  • Developed a Scope 3 decarbonisation strategy.
  • Implemented strict health and safety management programmes for employees and contractors.
  • Developed a regenerative approach to business, focusing on positive impacts.

Supply Chain Management

Supplier Audits: 165 audits in 2021 (136 internal, 29 external)

Responsible Procurement
  • Ethical Principles for Suppliers
  • Sustainable Procurement Guide
  • ESG score accounts for 10% of tender scoring.
  • No-Go Policies

Climate-Related Risks & Opportunities

Physical Risks
  • Lower hydraulic generation due to reduced runoff.
  • Reduced wind resource.
  • Increased stoppages in wind farms due to hurricanes and flooding.
Transition Risks
  • Regulatory changes affecting renewable energy markets.
Opportunities
  • Increased demand for renewable generation infrastructures.
  • Access to green financing.

Reporting Standards

Frameworks Used: GRI Standards: comprehensive option, TCFD

Certifications: ISO 14001, ISO 45001, ISO 37001, UNE 19601, ISO 9001, ISO 50001, Bequal Plus

Third-party Assurance: KPMG Asesores S.L.

UN Sustainable Development Goals

  • Goal 7 (Affordable and clean energy)
  • Goal 13 (Climate action)

The company's renewable energy projects contribute to these goals.

Sustainable Products & Innovation

  • Green hydrogen production
  • Renewable storage plant with recycled batteries
  • Energy-efficient services

Awards & Recognition

  • Finance for the Future Awards
  • Highest ESG rating in the electricity sector from S&P Global Ratings

Reporting Period: 2022

Environmental Metrics

Renewable Energy Share:100%

ESG Focus Areas

  • Climate Change
  • Diversity & Inclusion
  • Governance
  • Social Impact
  • Environmental Sustainability

Environmental Achievements

  • Reduced overall Scope 1 and 2 emissions by 40% compared to 2021
  • Avoided the emission of 13.2 million tons of CO2 in 2022
  • Planted 123,134 trees on top of compensatory measures
  • Recycled 98% of waste generated

Social Achievements

  • Increased the percentage of women in top-level and middle-level management positions to 26%
  • Benefited more than 300,000 people through social investment (235% increase vs. 2021)
  • Reduced accident frequency rate to 0.39 (36% less than the previous year)
  • Launched the first sustainable financing line for suppliers

Governance Achievements

  • 45% of the Board of Directors are women
  • 55% of the Board of Directors are independent directors
  • Achieved “Investment Grade” credit ratings from Fitch Ratings and DBRS Morningstar
  • UNE 19602 certification for Tax Policy
  • Implemented a Tax Compliance Management System (TCMS)

Climate Goals & Targets

Long-term Goals:
  • Reduce Scope 1+2 emissions in line with SBTi
Medium-term Goals:
  • Increase installed capacity from 11 GW to 20 GW by 2025
Short-term Goals:
  • Increase installed capacity by 1.8 GW in 2023

Environmental Challenges

  • Supply chain tensions
  • Need to streamline permitting processes and increase grid investments
  • Insufficient regulatory support for sustainable investment
  • Increase in economic resources allocated to fossil fuels
Mitigation Strategies
  • Strict criteria and procedures for project selection with risk-adjusted profitability threshold
  • Focus on maximizing profitability and financial discipline
  • Robust digital transformation plan
  • Investment in new technologies (battery storage, green hydrogen, etc.)

Supply Chain Management

Supplier Audits: 132 audits on tier 1 and tier 2 suppliers in 2022

Responsible Procurement
  • Does not work with suppliers that do not comply with international human rights standards

Climate-Related Risks & Opportunities

Opportunities
  • Growth in renewable energy sector
  • Development of new technologies (battery storage, green hydrogen, etc.)

Reporting Standards

Frameworks Used: GRI, European Sustainability Reporting Standards (ESRS), TCFD

Certifications: UNE 19602

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 13 (Climate Action)

The company's business model is based on decarbonisation and the preservation of ecosystems

Sustainable Products & Innovation

  • Green hydrogen
  • Battery storage
  • Electric vehicle charging

Awards & Recognition

  • World’s greenest utility (Energy Intelligence Top 100 Green Utilities ranking for the eighth consecutive year)
  • Highest global rating in the electricity sector for ESG by S&P

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:11,799 tCO2e/year (Scope 1+2)
Scope 1 Emissions:10,719 tCO2e/year
Scope 2 Emissions:1,079 tCO2e/year (market-based)
Scope 3 Emissions:617,425 tCO2e/year
Renewable Energy Share:97% of total energy use
Total Energy Consumption:1,506,691 TJ/year
Water Consumption:1,075,959 m3/year
Waste Generated:33,810 tons/year (non-hazardous)
Carbon Intensity:3.3 tCO2e/M€ sales (Scope 1+2)

ESG Focus Areas

  • Climate Change
  • Biodiversity
  • Water Resources
  • Own Staff
  • Consumers and End Customers
  • Circular Economy
  • Supply Chain
  • Human Rights
  • Community Relations

Environmental Achievements

  • Reduced water consumption by 2% compared to the previous year.
  • Recovered 97% of waste thanks to circular economy programs.
  • Avoided the emission of 13.6 million tonnes of CO2e through renewable energy production.
  • 77% reduction in Scope 1 and 2 emissions compared to 2017.

Social Achievements

  • Achieved Top Employer certification in Spain, USA, Mexico, Australia, South Africa, Chile, and Peru.
  • Launched innovative programs for the inclusion of people with disabilities.
  • Developed 50:50 programs for female talent in O&M areas.
  • Implemented the GoSupply tool for robust supply chain management.
  • Implemented the new GIS+ methodology for Social Impact Management.

Governance Achievements

  • 99.95% of CAPEX aligned with the European taxonomy for sustainable activities.
  • 45% of female directors on the Board.
  • Established the Minerva platform for ESG budget definition and monitoring.

Climate Goals & Targets

Long-term Goals:
  • Net Zero emissions by 2050 (Scope 3).
Medium-term Goals:
  • 60% reduction of Scope 1 and 2 emissions by 2030 (target on track).
  • 47% reduction of Scope 3 emissions by 2030 (target on track).
  • Net Zero emissions by 2040 (Scopes 1 & 2), 2050 (Scope 3).
Short-term Goals:
  • Reduce water consumption by 12% in water-stressed countries (target not fully met in 2023).

Environmental Challenges

  • Supply chain disruptions due to climate events.
  • Water stress in certain operating regions.
  • Maintaining high percentage of CAPEX aligned with the Taxonomy.
  • Reducing employee turnover, particularly among women and younger employees.
Mitigation Strategies
  • Developed alternative sourcing strategies.
  • Implemented water reduction initiatives in water-stressed countries.
  • Developed a Biodiversity decarbonisation plan for three scopes.
  • Implemented various employee wellbeing and retention programs.

Supply Chain Management

Supplier Audits: 95 audits/year

Responsible Procurement
  • Code of conduct for suppliers.
  • Supplier sustainability requirements.
  • GoSupply platform for risk management.

Climate-Related Risks & Opportunities

Physical Risks
  • Reduced hydropower production due to reduced runoff.
  • Reduced PV panel efficiency due to increased temperatures.
  • Damage to assets from extreme weather events.
Transition Risks
  • Changes in revenue mix due to shifts in EU Green Deal policies.
Opportunities
  • Increased demand for renewable energy technologies.
  • Increased demand for energy services.
  • Increased demand for electric vehicle charging points.
  • Development of green hydrogen technologies.

Reporting Standards

Frameworks Used: EU Corporate Sustainability Reporting Directive (CSRD), Science Based Targets initiative (SBTi), Task Force on Climate-Related Financial Disclosures (TCFD), Task Force on Nature-related Financial Disclosures (TNFD)

Certifications: ISO 14001, ISO 45001, ISO 9001, ISO 50001 (ACCIONA ESCO), B-BBEE (South Africa), Bequal Plus

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 8 (Decent Work and Economic Growth)
  • Goal 9 (Industry, Innovation and Infrastructure)
  • Goal 13 (Climate Action)

Initiatives contribute to these goals through renewable energy production, job creation, sustainable innovation, and climate change mitigation.

Sustainable Products & Innovation

  • Recycled wind turbine blade soles for shoes.
  • Atmospheric Water Collectors.

Awards & Recognition

  • New Energy Top 100 Green Utilities ranking (greenest electricity generation company).
  • ORP International Foundation Recognition of Merit.
  • Randstad Foundation Award (integration of people with disabilities).
  • Expansion’s Award for Innovation in Human Resources.