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The agreement reached demonstrates Sonatrach’s and Naturgy’s willingness to consolidate their long-term partnerships started decades ago.
A report by Frontier Economics and the German University of Aachen concludes that integrated infrastructure management (sector coupling) will be essential in achieving decarbonisation, because it minimises costs, makes it possible to decarbonise sectors that are difficult to electrify, increases supply safety, and makes it possible to promote an industry with export potential and job creation.
Naturgy –in line with its commitment to the social, economic and health crisis caused by Covid-19– is reinforcing its commitment to sustainability in all areas and its level of social action through its new corporate campaign where it demonstrates its active role in respecting the environment and economic recovery, especially with the most vulnerable.
With this award, in addition to the one announced last week, Naturgy increases its current presence in Australia by more than 50% and confirms its commitment to renewables growth in the country.
Snowy Hydro and GPG, a joint venture of Naturgy Energy Group, SA (75%) and the Kuwait Investment Authority (25%), announced today an agreement to build a 218 MW wind farm located at Victoria State, approximately 300 km from Melbourne.
The partnership with Rentalcars.com, follows on from other alliances that Naturgy has recently announced with brands such as Booking.com and Amazon, and reflects the company's commitment to provide its customers with value based solutions.
Naturgy has completed the first stage of its 2018-2022 Strategic Plan satisfactorily, due to all commitments with its main stakeholders being met, and is undertaking to provide the Group's transformation with a renewed boost.
Naturgy is immersed in a transformation process to adapt its business to a more sustainable model. Therefore, the group has redoubled its efforts towards the environment, social action and good corporate governance (ESG) over the last two years and has set new targets in the environmental area to reduce its greenhouse gas (GHG) emissions by at least 21% by 2022 compared to 2017, to reduce CO2 intensity in power generation by 22% and to ensure that 34% of generation capacity is from renewable sources.
The executive chairman of Naturgy, Francisco Reynés, presided over the company’s Ordinary General Shareholders’ Meeting, which was held today in Madrid fully online for the first time due to the extension of the State of Emergency. The shareholders approved the company’s results, along with its corporate management report for the financial year 2019.
Naturgy has faced a start to 2020 marked by the interruption of COVID-19, the governmental measures adopted worldwide to prevent it spreading, a very volatile macroeconomic scenario and an adverse energy scenario, primarily affected by the decreasing prices of raw materials. The company anticipated the gravity of the situation by urgently calling its crisis committee a few days before the state of alarm was decreed and adopting measures to protect its employees and support customers, shareholders and suppliers.