Avangrid Chairman Galán submits Iberdrola Climate Transition Plan to United Nations Secretary-General
- Avangrid recognized as a leader in climate action
- Comprehensive plan includes carbon neutrality targets by 2030
- Ambitious investment plan of $50 billion for energy transition
- None.
Iberdrola, Avangrid’s parent company, becomes one of the first companies to submit plan in response to Secretary General Guterres request to business leaders
Chairman Galán also joins UNICEF Generation Unlimited Global Leadership Council. For more pictures, click here.
Avangrid Chairman Ignacio Galán.
Iberdrola, Avangrid’s parent company and a global leader at the forefront of the energy transition for two decades, is one of the first companies to submit a plan, following the call last year from Secretary General Guterres for business leaders to step-up.
Iberdrola’s comprehensive and actionable plan delivers on the rigorous criteria stipulated by the UN’s High-Level Expert Group on net zero pledges.
“Delivering on the successful transition to a cleaner energy model requires the ambition and commitment of global business,” said Avangrid Chairman Ignacio Galán. “Despite meaningful progress, there is still a gap between talk and action. We are proud to be among those businesses leading the way on climate action, but it is vital more companies create and submit robust transition plans. We are a year on from this latest call to action, and time is already against us in the fight against the climate crisis.”
The Climate Transition Plan presented to Secretary General Guterres establishes the detailed actions and mechanisms Iberdrola will take to achieve its environmental objectives and ensure its activity contributes to the decarbonization of the economy as a whole.
Actions set out in the roadmap include:
- Establishing the ambitious objectives for Iberdrola of achieving carbon neutrality for scopes 1 and 2 by 2030 and net-zero emissions before 2040 for all scopes, including scope 3.
- Near and long-term science-based emissions reduction targets for the company consistent with the 1.5ºC Paris Agreement target.
- A commitment to directly invest in projects with high sustainability impact, looking for synergies with biodiversity targets. Iberdrola has committed to a 2030 Biodiversity Plan which includes targets to ensure that business activity does not generate net deforestation by 2025 and has a net positive impact on biodiversity by 2030.
- A decarbonization strategy focused on emission abatement, working towards an electricity system fully based on renewables as the backbone of a decarbonized energy system.
The Climate Transition Plan is backed by an ambitious investment plan (2023-2025) which commits
Embracing climate action has also led Iberdrola to multiply its assets by 7 times, reaching
Galán joins the UNICEF Generation Unlimited Global Leadership Council
Building on the momentum of the week’s activity, on Thursday September 21, 2023 Chairman Galán joined UNICEF’s Generation Unlimited Global Leadership Council. Launched by the UN Secretary-General at the 2018 UN General Assembly, and run by UNICEF, Generation Unlimited is a global Public-Private-Youth Partnership, seeking to connect millions of young people around the world with opportunities for training, empowerment, employment and social entrepreneurship.
At a meeting in
The Leadership Council is co-chaired by Catherine M. Russell, Executive Director, United Nations Children's Fund (UNICEF) and Bob Moritz, Chairman, PwC. The council is comprised of a diverse mix of business leaders, representatives from NGOs and charities, and government officials.
“We are in the midst of a green revolution, which is accelerating every day,” said Chairman Galán. “Renewable energy is good for the planet, and the investment behind that offers vast opportunities for employment and skills development. We need people from every country and background to deliver the clean energy of the future. For vulnerable young people, getting access to those opportunities can be a challenge. The work of UNICEF and all the partners in Generation Unlimited will help to breakdown those barriers. It is an honor to join the leadership council and to be part of a program that will help so many people.”
Iberdrola’s broader alliance with UNICEF also includes providing digital content and learning materials on climate change and sustainability to 'Learning Passport', UNICEF's global learning platform. This platform enables continuous access to quality education for children and young people around the world.
About Avangrid: Avangrid, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in
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Sarah Warren
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Source: AVANGRID, Inc.