Iberdrola SA: is the best renewable energy company in terms of human rights
November 24, 2021
The first renewable energy company in terms of human rights for the second year in a row
Iberdrola is the best renewable energy company in terms of human rights
- A report by the Business & Human Rights Resource Center (BHRRC) assessed the 15 largest renewable energy companies in the world.
- The study underlines the urgency of “alleviating the climate crisis by accelerating the transition to clean energy”, a process which must be sustainable, rapid and equitable
This is the second year in a row that Iberdrola has topped the ranking of the world’s leading renewable energy companies in terms of human rights. The Renewable energy companies and human rights The report, prepared by the Business & Human Rights Resource Center (BHRRC), assesses the 15 largest listed wind and solar utilities in the world and includes two investors with significant interests in renewable energy (BlackRock and Brookfields). The report addresses topics such as human rights, the right to a clean and healthy environment and to the communityrights, among others.
Iberdrola has positioned itself ahead of its competitors in areas such as workers’ rights, legalto a clean and healthy environment and to the rights of the community. He scored 60% in a industry where the average is 28% and where more than half of all companies analyzed(9/15) obtained scores below 40%.
Iberdrola improved six points from last year, clear proof of the company’s determination to make continuous improvements to its human due diligence systemrights, allowing it to correctly identify any potential impact.
The report highlights the following positive aspects of the company:
November 24, 2021
- Its public commitment to human rights and the implementation of the United Nations Guiding Principles on Business and Human Rights and the OECD Guidelines for Multinationals.
- Stakeholder involvement in developing human rights focus.
- The existence of a due diligence system linked to respect for human rights, as a key tool to prevent, mitigate and compensate for impacts.
- Iberdrola is the only company with a public and specific commitment to respect the rights of indigenous peoples, in accordance with international standards (in this case, ILO Convention 169 on Indigenous and Tribal Peoples).
- The absence of a pay gap between men and women
The study highlights the urgent need to “mitigate the climate crisis by accelerating the transitionto clean energy “, a process that must be sustainable, rapid and fair.
BHRRC is an NGO with offices in London, New York and Washington that works to promote human rights in business. The study monitors more than 10,000 businesses in more than 180 countries and makes the information publicly available to help vulnerable peoplemanage potential situations of mistreatment.
Iberdrolais one of the world’s leading energy companies, leader in renewable energies and spearheading the energy transition to a low-emission economy. The group supplies energy to around 100 million people in dozens of countries and operates renewable, grid and commercial activities in Europe (Spain, UK, Portugal, France, Germany, Italy and Greece), states United, Brazil, Mexico and Australia, while including markets such as Japan, Ireland, Sweden and Poland among its development platforms.
With a workforce of more than 40,000 and assets of more than 134 billion euros, it recorded in 2020 a turnover of more than 33 billion and a net profit slightly above 3.6 billion in 2020. The company helps maintain 400,000 jobs in its supply chain, with a procurement budget of 14 billion euros. A benchmark in the fight against climate change, it has devoted more than 120 billion euros over the past two decades to building a sustainable energy model, based on solid environmental, social and governance (ESG) principles.
Iberdrola SA published this content on November 24, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on November 25, 2021 11:29:02 AM UTC.