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Acciona and Iberdrola repeat in the world’s ‘top 30’ in terms of climate policies

Date: July 16, 2024 Time: 21:58:35

Two Spanish companies, Iberdrola and Acciona, are among the most committed to climate policies in the world. This is clear from the annual analysis prepared by the InfluenceMap platform to identify companies that have achieved best practices in promoting climate policies at a global level.

This renowned research institute on energy and climate change issues each year appoints a total of 27 ‘leaders’ who meet all leadership criteria (organizational score, intensity of commitment and indirect influence) to measure commitment with corporate decarbonization policies.

Both Iberdrola and Acciona repeat their participation this year in the ranking, dominated by European companies, which reached 16 of the 27 positions, compared to the six occupied by Japanese companies and five that correspond to American firms. These three regions represent approximately 5% of InfluenceMap’s entire database of nearly 500 companies evaluated for their commitment to climate policy.

In the case of the company chaired by Ignacio Sánchez Galán, its strategy is governed by its ‘Climate Action Plan’, in which it set the objective of achieving neutrality for carbon emissions equivalent to scopes 1 and 2 by 2030. and zero net CO2 equivalent emissions before 2040 for all scopes. To do this, it is advancing its investment plan of 47 billion euros until 2025 and consolidating its business model, based on more renewable energy, more networks, more storage and more intelligent solutions for customers.

The same dynamic is followed by the entity chaired by José Manuel Entrecanales, which has set a goal of eliminating 60% of scope 1 and 2 emissions, and 47% of scope 3 emissions in the period 2017-2030, and has also committed to achieving a zero-emissions economy by 2040.

The 27 leaders, by sectors.

influence map

In the analysis published this Thursday, the platform appreciates a growing number of companies that are aligning their defense with the objectives of the Paris Agreement, but highlights that the majority do not robustly address the negative influence on climate policies through their associations. industrial. This year’s list includes established leaders in climate policy advocacy, such as IKEA, Unilever and the aforementioned Iberdrola, as well as newcomers such as DSM-Firmenich and Saint-Gobain in Europe, Apple and Trane Technologies in the United States, and Ricoh . and Softbank Group from Japan, among others.

The sector demands support from the private sector

In response to the report, Kendra Haven, Project Director at InfluenceMap and leader of the study explains that “these leaders highlight the need for climate leadership by global companies to help align government policies with the goals of the Paris Agreement.” “Without business leadership, governments are unlikely to undertake decisive policy interventions that are necessary at this time. Our analysis shows who the pioneers in climate policy advocacy are and demonstrates the overall growth in Leaders in Climate Policy Engagement since 2021” , fencing.

For her part, Catherine McKennaa, CEO of Climate and Nature Solutions, Chair of the United Nations Secretary-General’s High-Level Expert Group on ‘net zero’ commitments, warns that “as another COP meeting approaches and To worsen the climate crisis, private sector support for meaningful national climate policies is needed more than ever.”

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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