ACCIONA has participated in the United Nations Global Compact since 2005 as a Participant Member. Every year, the company reaffirms its commitment to the Global Compact’s ten principles, which focus on respect for human and labour rights, environmental protection, the fight against corruption, and achieving the Sustainable Development Goals.
The company regularly collaborates with the Spanish and Chilean Global Compact Networks. In 2022, it took part in the “Early Adopters” programme, using the online app provided by the initiative to prepare its Progress Report.
The company’s commitment was further demonstrated by the participation of ACCIONA’s Chairman, José Manuel Entrecanales Domecq, in the High-Level Meeting of the “Caring for Climate” summit, which was held within the framework of COP27.
Additionally, in 2022, ACCIONA participated in the “#CEOsResponden” (#CEOsAnswer) campaign led by the Spanish Global Compact Network. During this campaign, the Chairman discussed the need for businesses to support regeneration in order to achieve the goals of the UN 2030 Agenda.
ACCIONA is part of the “Caring for Climate” platform, a joint initiative by the UN Global Compact and the United Nations Environment Programme (UNEP). The platform was established to strengthen the role of business in global climate strategy and educate governments and public institutions on mitigating climate change. With over 400 companies from 65 countries, Caring for Climate encourages companies to take a leadership role in climate policy.
In 2015, ACCIONA signed the Responsible Corporate Engagement in Climate Policy document, a call to action for companies to assume a leadership role in climate policy, created in collaboration with WRI, CDP, WWF, Ceres, and The Climate Group.
Science Based Targets (SBT) is a partnership led by CDP, the UN Global Compact, the World Resources Institute (WRI), WWF, and We Mean Business, helping companies establish ambitious climate goals based on science to reduce greenhouse gas emissions and limit global warming to below 2ºC.
In 2019, at COP25, ACCIONA committed to reducing its greenhouse gas emissions in line with the most ambitious scenario outlined in the Paris Agreement: limiting global temperature rise to 1.5ºC compared to pre-industrial levels. This commitment has been validated by the Science Based Targets initiative (SBTi).
Specifically, the company aims for a 60% reduction in direct emissions and energy consumption emissions, and a 47% reduction in value chain emissions, between 2017 and 2030.