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Iberdrola is a publicly listed company headquartered in Bilbao, Spain. The company operates in Australia, Brazil, Europe, Mexico and the United States, and supplies energy to close to 100 million people, making it one of the largest in the world. Iberdrola has become the first company with only renewable generation assets in the United Kingdom.
Summary
Iberdrola is a top performer in the 2024 Urban Benchmark, with consistent reporting and progress across multiple urban sustainability topics. Iberdrola has established a committee to oversee its sustainability policies and prepare non-financial reports. It has also linked long-term executive remuneration to KPIs on CO2 emissions, suppliers’ sustainability and the gender wage gap, thereby making sustainability consequential to the business.
Iberdrola reports fewer customer disconnections for non-payment, reflecting its efforts to improving service continuity for economically disadvantaged groups. Further, it discloses the economic value generated and procurement spending on local suppliers in each country of operation. While Iberdrola discloses clear commitments to respect human and labour rights, it could increase transparency around living wage, working hours and responsible lobbying practices.
Iberdrola has opportunities to enhance its environmental reporting to maintain its leadership in sustainability. Although it reports regularly and sets targets for all categories of GHG emissions, gaps remain in its reporting on water quality and the disaggregation of data on energy consumption and waste generation. While the company recognises climate change risks, it should broaden its risk assessment to include all relevant natural disasters and publish business continuity plans for emergencies.
Ranking position
#2
/300
Total score
45.3
/100
Measurement area
Score
Rank (0-300)
Measurement area
Governance & Strategy
Score
# 1
39.2
/100
Rank (0-300)
#1
Measurement area
Inclusive Cities
Score
# 1
62.5
/100
Rank (0-300)
#1
Measurement area
Healthy Cities
Score
# 1
22.5
/100
Rank (0-300)
#14
Measurement area
Climate Proof & Resilient Cities
Score
# 1
30.0
/100
Rank (0-300)
#14
Measurement area
Core Social Indicators
Score
# 1
72.2
/100
Rank (0-300)
#2
Industries
Industries
Energy distribution
#2
More about the company
Headquarters
Spain
Ownership structure
Public
Revenue
USD 56,788 billion (2022)
Number of employees
40721 (2022)
Website
https://www.iberdrola.com
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