Naturgy has renewed its leadership position in the FTSE4Good index of the most sustainable companies in the Utilities sector, which groups gas, water and multi-utilities. The company’s overall score was 4.4 out of 5, and it was recognised with the highest rating in the areas of biodiversity, working conditions, health and safety, risk management, corporate governance and fiscal transparency.
Naturgy has been continuously present in this index since its creation in 2001. Recognition within the 2% of the most sustainable companies in the Utilities sector has been possible thanks to the effort and dedication to implement good practices and is an acknowledgement of its commitment to sustainability.
Commitment to sustainability
Naturgy has a business model committed to the sustainable development of society. Thus, in 2020, it created the Sustainability Committee within the Board of Directors to make its environmental, social and governance commitment visible at the highest level. Naturgy was one of the first Spanish companies to implement this committee, which is responsible for ensuring compliance with the goals of its Sustainability Plan.
This Plan includes, among others, the goal of achieving net zero emissions in 2050 and an installed capacity of renewable energy sources close to 60% in 2025. It also plans to achieve gender parity by 2030, and by 2025 to have more than 40 per cent of its leadership and management positions occupied by women.
In this line, during the first half of 2024, Naturgy’s emission-free installed capacity has already exceeded 40% of the total, and emissions intensity was reduced by 10%, to 217 tCO2/GWh.
Naturgy has also made progress in meeting other ESG goals, such as diversity. It has increased the female presence in the management team to 37%, significantly exceeding its previous ratios.
Presence in sustainability indices
The FTSE4Good index is part of the FTSE Global Equity Index, which is recognised worldwide, includes more than 2,000 companies and evaluates more than 300 environmental, social and corporate governance indicators.
The company’s ESG performance is recognised by the world’s leading indices and rankings, including Ecovadis and CDP in addition to FTSE4Good.