Climate change and energy transition

  • Achieve climate neutrality by 2050 at the latest by reducing total Scope 1, 2 and 3 emissions, setting interim targets aligned with the Paris Agreement reduction pathways of 1.5°C – 2°C.

 

  • Align new investments with the Paris Agreement targets by promoting renewable and decarbonised energy, energy savings and efficiency, and climate adaptation.

 

  • Annually publish the carbon footprint in all its scopes, verified by an independent third party by establishing systems to monitor and reduce emissions.

 

  • Integrate the climate variable into risk and opportunity management and strategic planning, in line with the recommendations of the Task Force on Climate-related Financial Disclosure (TCFD).

 

  • Support international climate change negotiations and market mechanisms that foster the development of the most appropriate technologies at each stage of the energy transition.

 

  • Promote, directly and through alliances with other actors, climate policies aligned with the Paris Agreement, ensuring permanence only in the trade associations that meet this criterion and publish an annual list of them.

 

  • Promote decarbonisation in line with the principles of just transition and involve the supply chain by boosting measures that reduce the carbon footprint of collaborating companies.
  • We build new renewable power generation projects to meet our goal to triple our installed renewable power by 2025.
  • We are gradually shutting down our coal-powered thermal power plants by 2020.
  • We provide our customers with natural gas, which displaces other more polluting fuels, such as coal and oil, to prevent the annual emission of millions of tonnes of CO2 into the atmosphere. a nuestros clientes gas natural, que desplaza a otros combustibles más contaminantes, como el carbón o el petróleo, para evitar la emisión anual de millones de toneladas de CO2 a la atmósfera.
  • We foster electric and gas mobility to improve air quality and health in cities.
  • We provide our customers with energy services that help them save money on their bills and reduce climate change.
  • We reduce leaks in our gas networks by replacing material and implementing technological and operational improvements.
  • We set greenhouse gas emission reduction targets in line with science.
  • We follow the recommendations of the Task Force on Climate-Related Financial Disclosure (TCFD).
  • We work with public authorities, associations and other entities to create and communicate technical knowledge to reduce climate change and actively participate in international climate change summits (COPs).

Facts that support our commitment

* 2022 data
** Evolution in 2022 compared to 2017

Seals of quality

CDP (Carbon Disclosure Project Climate Change A List): we have been recognised for our climate management with an A- rating in CDP Climate Change 2020 (A List) and we have remained in the leadership band since 2011. 1.
Calculo y Reduzco (“I Calculate and Reduce”): Another year, the Spanish Ministry for the Ecological Transition has awarded us this seal of quality that distinguishes those organisations that calculate their carbon footprint and are on the path to reducing their emissions.

Partnerships

We lead the Forética Climate Change Cluster, which is the benchmark business platform in Spain for climate change issues.

Forética Climate Change Cluster

Sustainability
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Avenida de América, 38. 28028 Madrid (España)