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European Climate Pact

Overview

Location

Spain

Sector

Construction

Organisation type
Business

Company Information

ACCIONA is a global group that develops and manages sustainable infrastructure solutions, especially in renewable energy. The company is headquartered in Alcobendas, Spain and reported 41,664 employees and 8.1 billion Euro turnover in 2021.*

*Source

Our progress towards decarbonization

 

GHG Emissions

North Star

  • ACCIONA S.A. has a target to reduce absolute scopes 1 and 2 CO2e emissions 60% by 2030 from a base year of 2017

Pledge: Have an officially validated short-medium term science-based GHG emissions reduction targets aligned with a 1.5°C scenario (scope 1+2) in line with the SBTi Criteria and Recommendations

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Join the Business Ambition for 1.5°C and publicly commit to have a long-term science-based target to reach net-zero value chain GHGs emissions by no later than 2050 in line with the SBTi Net-Zero Standard 
  • Have an internal price on carbon
  • Have an initiative in place to drive GHG emissions reduction through energy efficiency in production processes
  • Have an initiative in place to drive GHG emissions reduction through low-carbon energy consumption
  • Have scope 1+2+3 GHG emissions verified through a third party verification or assurance process

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Climate Change 2022

 

Forests

Our actions – the Pathway

  • ACCIONA S.A. has a target to increase sustainable production and/or consumption of Timber products to 22% by 2025 starting in 2020
  • Support or implement projects focused on ecosystem restoration and protection beyond no deforestation
  • Work beyond first tier suppliers to manage and mitigate deforestation risks through supply chain mapping or capacity building
  • Work with direct suppliers to support and improve their capacity to comply with our forests-related commitments, policies, and other requirements
  • Work with smallholders along the company's value chain to support good agricultural practices and reduce deforestation or conversion of natural ecosystems through financial or technical assistance
  • Publicly disclose data on forest-related impact to investors through a public platform
  • Have a publicly available forest policy, with well-defined goals and targets, that is used to inform internal decision-making
  • Have board-level oversight of forests-related issues
  • Have forests issues be fully integrated in all parts of long-term strategic business plans
  • Assess company and suppliers' compliance with forests regulations and/or mandatory standards when sourcing commodities from regions with high deforestation risk 
  • Have a system to control, monitor, and verify compliance with no-deforestation policies/commitments that covers all relevant operations and supply chains and shows more than 90% of total volume in compliance

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Forests 2022

 

Water

Our actions – the Pathway

  • Have an internal price on water 
  • Engage our suppliers to report on their water use, risks and/or management information
  • Publicly disclose data on water-related impact to investors through a public platform
  • Have board-level oversight of water issues
  • Integrate water-related issues into the company's financial planning
  • Integrate water-related issues into the company's long-term business objectives
  • Integrate water-related issues into the company's strategy to achieve long-term business objectives
  • Provide C-suite incentives for the management of water related issues
  • Regularly monitor and measure key water security metrics at least for 75% of the company's facilities

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Water 2022

 

Governance & Strategy

North Star

  • ACCIONA S.A. has a publicly available 1.5°C aligned low-carbon transition plan

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Publicly disclose climate and environmental data to investors and customers through a public platform
  • Have board-level oversight of climate-related issues
  • Have a process for identifying, assessing, and responding to climate-related risks and opportunities
  • Have an employee engagement strategy to support and contribute to achieving the company's climate and environmental goals

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Climate Change 2022

 

Value chain engagement

Our actions – the Pathway

  • Have an ongoing and transparent dialogue with our value chain around climate-related issues

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Climate Change 2022