ACCIONA is participating in United Nations Global Compact since 2005 (Participant member). Every year, it confirms its commitment to the ten principles of the Global Compact, based on respect for human and labour rights, environmental protection and the fight against corruption, and focused on achieving the objectives of sustainable development.
The company regularly collaborates with the Spanish and Chilean Global Compact Networks and in 2022, it took part in the “Early Adopters” programme to prepare the Progress Report through the online app provided by the initiative for such purpose.
Our commitment to the initiative was clearly shown by the participation of , ACCIONA’s Chairman, José Manuel Entrecanales Domecq, in the High-Level Meeting of Caring for Climate summit held within the framework of the Conference of the Parties (COP) 27.
Also, in 2022, ACCIONA took part in the “#CEOsResponden” (#CEOsAnswer) campaign led by the Spanish Global Compact Network, where the Chairman talked about the need for businesses to support regeneration in order to achieve the goals of the UN 2030 Agenda.
ACCIONA is part of this joint platform of the Global Compact and the United Nations United Nations Environment Programme (UNEP), which was created to enhance the role of business in the global strategy against climate change and educate governments and public institutions to mitigate it. Caring for Climate, comprising more than 400 companies from 65 countries. In 2015, ACCIONA signed the document Responsible Corporate Engagement in Climate Policy, led by Caring for Climate in partnership with WRI, CDP, WWF, Ceres and The Climate Group, with the aim of making a call to all companies to assume a leadership role and commit to participate responsibly in climate policy.
Science Based Targets (SBT) is a partnership headed by CDP, the UN Global Compact, World Resources Institute (WRI), WWF and We Mean Business with the goal of helping companies to establish ambitious climate goals based on science in order to reduce greenhouse gas emissions and limit global warming to below 2 ºC, by seizing opportunities during the transition to a low-carbon economy.
In 2019, in the framework of COP25, ACCIONA announced a commitment to reduce its greenhouse gas emissions in line with the most ambitious scenario in the Paris Agreement: to limit the global temperature increase to 1.5°C in comparison to the pre-industrial era levels, commitment which has been ratified by the Science Based Targets initiative (SBTi).
Specifically, the company aims to achieve a 60% reduction in both direct and energy consumption emissions, and a 47% decrease in value chain emissions, between 2017 and 2030.