Iberdrola Adds More Than 1,800 Biodiversity Actions, According to Its 2024 Report
01 July 2024 - 11:15PM
Business Wire
- The company presents its 2024 Biodiversity Report at a global
level with the data and projects carried out in each country over
the last five years.
Iberdrola has presented its global 2024 Biodiversity Report with
the data and projects carried out in each country, detailing more
than 1,800 actions in the last 2 years and more than 4,000 in the
last 5 years.
In the foreword to the document, the company's executive
chairman, Ignacio Galán, refers to three of the pillars on which
Iberdrola's commitment rests: the climate action plan, the
diversity plan and the circular economy plan.
In addition to the goal of being neutral in CO2 emissions in all
the company's plants by 2030, there is also the goal of having a
net positive impact on biodiversity in the same year.
Biodiversity is essential for the balance of ecosystems.
Therefore, proactively favouring it helps us to guarantee
environmental stability and, with it, the resources and quality of
life of future generations.
Iberdrola publishes this Biodiversity Report so that its
stakeholders are aware of the Group's actions, in accordance with
the commitments made in the Biodiversity Policy approved by the
Board of Directors in 2007, last amended in December 2023.
The launch of the Biodiversity Plan in 2022 set a positive Net
Impact Target and has driven numerous actions such as the launch of
Carbon2Nature, Iberdrola's participation in the United Nations
Biodiversity Conferences and a 30% increase in the number of
actions carried out.
In this way, the company is a pioneer in the implementation of
metrics at the group level to measure the net balance of our
activities and in the implementation of recommendations for the
disclosure of the management of risks related to nature and
biodiversity.
According to the World Economic Forum's 2024 Global Risks
Report, biodiversity loss is one of three most serious risks facing
the planet over the next decade, along with extreme weather events,
critical changes in Earth systems, and scarcity of natural
resources.
This could lead to a decline in global GDP of $2.7 trillion per
year by 2030. This economic downturn would have a devastating
effect on livelihood, security, welfare and equality.
Effective management of biodiversity-related risks by companies
is an increasingly important task; not only because of the impact
they can have on business management, but because they can benefit
from a competitive advantage in access to markets, capital and
resources. Iberdrola is at the forefront of companies in terms of
transparency in the reporting of their risks, impacts and actions
to improve nature.
Protecting biodiversity and its ecosystems around the
world
In the United States, Avangrid has used ECOncrete eco-engineered
articulated concrete block mattresses at the Vineyard Wind 1
offshore wind farm in Massachusetts to protect submarine cables and
create environmental conditions that encourage the growth of marine
flora and fauna. These marine mattresses include a bio-enhanced
mix, surface area and design – based on nature – optimised to
create habitats for a wide range of marine organisms, thus
increasing species richness, reducing invasive species dominance
and increasing biodiversity. A $3 million fund has also been
established at this farm to develop and demonstrate innovative
methods and technologies to improve the protection of marine
mammals and support regional monitoring efforts as the offshore
wind industry in Massachusetts and the United States grows. This
fund provides opportunities to discuss new methods and technologies
in the project or to establish infrastructure, facilities, or
programs that enhance regional marine mammal monitoring or serve as
documentation for marine mammal research.
In addition, Avangrid maintains collaborations with 19 wildlife
recovery organizations, such as the Oregon Zoo Foundation, for the
recovery of California Condor populations or the collaboration with
Maine Mammals for the recovery of marine mammals. It should also be
noted that the Condor conservation project includes technological
monitoring through radio frequency transmitters and geofences, with
the aim of establishing when the wind turbines should be stopped to
avoid collisions.
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Sarah Warren sarah.warren@avangrid.com 585-794-9253
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