Atlantica Sets A Science-Based GHG Reduction Target

Rhea-AI Summary

Atlantica Sustainable Infrastructure has announced a commitment to reduce greenhouse gas (GHG) emissions by establishing a science-based target approved by the Science Based Targets initiative (SBTi). The target aims for a 70% reduction in Scope 1 and 2 GHG emissions per kWh by 2035 from a 2020 baseline. This initiative aligns with the Paris Agreement goals to limit global warming to below 2ºC. CEO Santiago Seage emphasized the company's dedication to fostering a sustainable future.

Positive

• Setting a science-based GHG target demonstrates commitment to sustainability.
• The plan to reduce emissions by 70% by 2035 positions the company favorably in the growing green economy.

Negative

• None.

Atlantica Sets a Science-Based GHG Reduction Target

November 1, 2021 – Atlantica Sustainable Infrastructure plc (NASDAQ: AY) (“Atlantica”), announced today at COP26 its continued commitment to combatting climate change by setting an ambitious greenhouse gas (GHG) target approved by the Science Based Targets initiative (SBTi).

Science-based targets provide a clearly-defined pathway for companies to reduce GHG emissions, helping prevent the worst impacts of climate change and future-proof business growth. Targets are considered ‘science-based’ if they are in line with the latest levels recommended by climate science to meet the goals set out in the Paris Agreement.

Atlantica set a target to reduce Scope 1 and 2 GHG emissions per kWh (gCO₂/kWh) by 70% by 2035 from a 2020 base year¹. The SBTi confirmed that the target is aligned with the Paris Agreement goals to limit global warming to “well-below 2ºC”.

Santiago Seage, Atlantica’s CEO, said: “Our science-based GHG reduction target further underlines our commitment to accelerate the shift towards a more sustainable world.”

About Atlantica

Atlantica Sustainable Infrastructure plc is a sustainable infrastructure company that owns a diversified portfolio of contracted renewable energy, storage, efficient natural gas, transmission lines and water assets in North & South America, and certain markets in EMEA (www.atlantica.com).

Chief Financial Officer Francisco Martinez-Davis E ir@atlantica.com

Investor Relations & Communication Leire Perez E ir@atlantica.com T +44 20 3499 0465

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1 The target boundary includes steam generation.

FAQ

What is Atlantica's GHG reduction target for 2035?

Atlantica aims to reduce Scope 1 and 2 GHG emissions per kWh by 70% by 2035 from a 2020 baseline.

What organization approved Atlantica's GHG target?

The Science Based Targets initiative (SBTi) approved Atlantica's greenhouse gas reduction target.

How does Atlantica's GHG target relate to the Paris Agreement?

Atlantica's target aligns with the Paris Agreement goals to limit global warming to well-below 2ºC.

When was Atlantica's GHG reduction target announced?

Atlantica announced its GHG reduction target on November 1, 2021, at COP26.

Who is the CEO of Atlantica?

The CEO of Atlantica is Santiago Seage.