Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainability
• Occupational Health and Safety
• Social Commitment
• Environmental Management
• Energy Efficiency
• Renewable Energy

Environmental Achievements

• 144,000 tonnes of CO2 emissions prevented with the three solar thermal plants
• Installation of H2OMe system in Angola providing drinking water to 10,000 people
• Moree Solar Farm (Australia) - largest solar project with a tracking system in Australia

Social Achievements

• Elecnor Foundation projects in Spain, Honduras, Uruguay, Mexico, Peru, Chile, Nicaragua, Dominican Republic, Ghana, and Angola
• Digital Business and Learning Project (Nicaragua) supporting education and training
• Lights for Learning project (Uruguay) bringing electricity to rural schools
• Corporate Volunteer program supporting Solar Back-Up Systems Project in Ghana
• Internship program with Valencia's Polytechnic University

Governance Achievements

• Orderly succession policy for senior positions
• AENOR Multisite Certification for Environmental and Quality Management Systems
• UNE-EN ISO 50001:2011 certification for Energy Management

Climate Goals & Targets

Environmental Challenges

• Uneven pace of recovery in various markets
• Political stalemate in Spain affecting infrastructure investment
• Decline in public works contracts in Spain
• Economic slowdown in Brazil affecting private investment
• Recession in Venezuela
• Geopolitical risks in Middle East and Africa
• Low crude prices affecting Angola and Australia
• Uncertainty in US renewable energy sector following Trump's election

Mitigation Strategies

• Prudent diversification and internationalization
• Improved cash generation and strict debt control
• Novation contract extending maturity and improving conditions of syndicated loan
• Diversified funding sources at reasonable costs
• Hedging strategies to minimize financial risks
• Focus on services and internationalization in environmental and water sectors
• Strategic alliances with industrial and financial partners
• Focus on energy efficiency measures and renewable energy projects

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• H2OMe system

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity & Inclusion
• Governance
• Occupational Health and Safety
• Supply Chain Management
• Human Rights
• Community Engagement

Environmental Achievements

• Reduced carbon footprint by 24% compared to 2014.
• Achieved a score of A- in the Carbon Disclosure Project (CDP) ranking, demonstrating leadership in combating climate change.
• 72% of turnover is certified in accordance with international ISO 14001 standards.
• 72% of turnover is certified in accordance with international OHSAS 18001 or ISO 45001 standards.
• Renewable energy (MW) in operation and construction increased to 1,694 MW (from 1,464 MW in 2019).

Social Achievements

• Increased number of women in employment by 20%.
• Implemented a parental leave plan with 100% of eligible employees taking leave.
• Launched various initiatives to support employee well-being and work-life balance.
• Donated Euros 607,479 to various associations and non-profit entities.
• Increased workforce by 3,348 people (22.5% increase).

Governance Achievements

• Certified to UNE-ISO 37001 anti-bribery management system standard.
• Certified to UNE 19601 criminal compliance management system standard.
• Implemented a robust Compliance System covering all countries of operation.
• Improved the methodology for managing risks and opportunities in various processes.
• Developed a software tool to digitalize the Quality and Environment Management System.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting various aspects of operations and the global economy.
• Supply chain disruptions.
• Economic slowdown in several key markets.
• Currency depreciations in Brazil and the US.
• Regulatory changes in Brazil and Chile.

Mitigation Strategies

• Implemented action protocols and contingency plans to address the COVID-19 pandemic.
• Developed alternative sourcing strategies.
• Focused on essential services and projects.
• Implemented cost-containment measures and flexible employment strategies.
• Monitored and adapted to regulatory changes.

Supply Chain Management

Supplier Audits: On-site internal audits of critical suppliers.

Responsible Procurement

• Quality, compliance, ethical, labor, social, and environmental criteria.
• Supplier assessment system including quality, environment, energy management, occupational risk prevention, compliance, RDI, and data security.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Reconstruction, repairs, and maintenance activities deriving from climate threats.

Reporting Standards

Frameworks Used: GRI, UNGC, CDP, GRESB

Certifications: ISO 9001, ISO 14001, ISO 50001, ISO 45001, UNE-ISO 37001, UNE 19601

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 9 (Industry, innovation, and infrastructure)
• Goal 13 (Climate action)

Elecnor's activities contribute to these goals through renewable energy projects, infrastructure development, and climate change mitigation initiatives.

Sustainable Products & Innovation

• Hybrid wind energy and photovoltaic energy and storage systems.
• Green hydrogen generation, storage, and supply systems.

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Governance
• Social
• Environmental

Environmental Achievements

• Avoided estimated CO2 emissions equivalent to 429,620 tons thanks to renewable energy produced
• Reduced electricity consumption for lighting and air conditioning by more than 35% in new central offices
• Reduced energy consumption by almost 7% and fuel consumption by 12% in national operational centers
• Reduced printed copies in central offices by more than 10%

Social Achievements

• Increased workforce by 27% to 157 employees
• Maintained a zero accident rate for own staff and contractors
• Completed 6,000 hours of employee training
• Implemented a Career Plan for Newly Recruited Graduates
• Implemented measures to promote employee well-being (remote work policy, flexible hours, benefits plan)

Governance Achievements

• Obtained IQNet SR10 certification for CSR system
• Obtained a “Green Loan” for the Ribera de Navarra farms
• Implemented an Ethics channel for reporting irregular conduct
• Continued to work on compliance objectives (risk analysis, due diligence, training)

Climate Goals & Targets

Environmental Challenges

• Electricity price volatility in Spanish and Brazilian markets
• Dependence on wind turbine and photovoltaic module suppliers
• Growing social opposition to renewable facilities
• Accumulation of projects under development, impacting administrative processing
• Difficulty attracting and retaining talent
• Government intervention in electricity markets
• Increased raw material and logistics costs

Mitigation Strategies

• Contracting short, long, and medium-term price hedges
• Establishing long-term relationships with principal manufacturers
• Stepping up process control to assess project merit
• Capitalizing development costs only for high-success projects
• Strengthening teams in all operating regions
• Implementing risk management strategies

Supply Chain Management

Climate-Related Risks & Opportunities

UN Sustainable Development Goals

• SDG 7
• SDG 13
• SDG 9
• SDG 3
• SDG 4
• SDG 12
• SDG 16

Enerfín contributes to these SDGs through its renewable energy projects, R&D&I activities, and community engagement initiatives.

Sustainable Products & Innovation

• Green hydrogen
• Hybrid wind-solar plants
• Energy storage systems