Naturgy has been awarded a triple ‘A’, the highest rating, by Morgan Stanley Capital International (MSCI) rating agency, which measures the resilience of companies to long-term sustainability risks. The energy company has received this recognition consecutively since 2017 and is the Spanish company that has received it uninterruptedly for the longest time.
The index has positively valued the company’s lower carbon footprint, leadership in governance practices, and occupational health and safety policy as aspects in which the company’s work to implement measures and initiatives that deepen a sustainable vision of its business model stands out.
Naturgy’s highest score was in the environmental area as the agency recognises the company’s emissions reduction target for 2030, while highlighting its commitment to neutrality by 2050. MSCI also highlights the company’s planned investment in the development of biomethane plants.
The rating agency stresses Naturgy’s health and safety policy as one of the best practices in the sector, a commitment that extends to its contractors and is supervised by a steering committee. In addition, 92.5% of the company’s facilities are certified according to the ISO-45001 international standard for occupational health and safety.
Nuria Rodríguez, Naturgy’s Director of Environment and Social Responsibility, states that “receiving the highest rating for our sustainability practices is a recognition that reinforces our commitment to the environment. This achievement is a reflection of the collective effort of the entire organisation to integrate sustainability into every strategic decision and is a clear sign that we are on the right track”. She points out that “it’s not just about meeting the criteria, it’s about leading by example and making a lasting positive impact on the communities in which we operate”.
Commitment to sustainability and energy transition
Naturgy continues to make progress in ESG matters following the entry into force of the European Sustainability Reporting Standards (ESRS). In terms of the environment, the company reduced its carbon footprint by 27% in 2024 for all three scopes compared to the base year 2017.
Furthermore, during the first six months of this year, the company made operational investments amounting to 900 million euros, mainly aimed at strengthening its networks, which are key to driving the energy transition, and the development of renewable energies. This investment has increased installed renewable capacity to 7.7 GW following the entry into operation of new facilities in Spain, Australia and the United States.
As for the coming years, Naturgy faces them with a new Strategic Plan that maintains its commitment to sustainability and will continue its efforts to reduce emissions, support biodiversity and improve natural capital. As for the other objectives, it has set itself the goal of reaching 40% of women in management positions and extending its high sustainability standards to almost the entire supply chain.
The company’s performance in social, environmental and good governance matters has been recognised by the main and most important indices and rankings in the world, including FTSE4GOOD and CDP.