Today, Iberdrola Chairman Ignacio S. Galán participated in high level discussions at an international forum hosted by the United Nations Secretary-General at the opening of the UN General Assembly in New York, NY USA.
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Iberdrola Chairman Ignacio S. Galán joins SEforAll CEO Rachel Kyte to support clean energy for everyone on the planet. (Photo: Business Wire)
UN Secretary General Antonio Guterres and leading CEOs, investors, heads of state and government, senior UN leadership and civil society representatives gathered for interactive discussions on building sustainable financial markets to accelerate the fight against climate change while creating value for society as a whole.
The forum, themed Financing the 2030 Agenda: Unlocking Prosperity, was heavily focused on detailing strategies to deliver the Sustainable Development Goals previously outlined by the global community, calling for responsible investment, long-term market approaches and personal leadership to end extreme poverty, fight inequality and injustice and reverse global warming. The global community needs to deliver innovative forms of financing at an unprecedented scale while redirecting existing financial flows and business initiatives to be consistent with sustainable development.
Iberdrola’s participation is the latest action taken, under the stewardship of Chairman Galán, to provide leadership on the issue of climate change across the world. As one of the four largest utilities worldwide, having the world’s largest renewables asset base, Iberdrola has reaffirmed its full commitment to the decarbonisation of the economy.
“The fight against global warming is a shared responsibility that must involve all sectors of the economy,” said Chairman Galán, placing a call to action to both public and private sectors. “Jointly we can make a significant contribution by embracing the opportunities of the clean economy and developing essential policy frameworks that improve attractiveness for investment, creating value for all.”
Since 2000, Iberdrola has demonstrated its commitment to reducing carbon emissions by investing $100 billion to reduce its specific emissions in Europe by 75%. As a result, the Company’s emissions are now 70% below its peers.
“The need for the public and private sectors to work collaboratively is very clear,” Galán added. “Electricity provides a great opportunity as it enables a rapid and cost effective path to diminishing emissions. Investments in sources of clean electricity through wind and hydro power—as well as in smart grids required to integrate them—provide social dividend in the way of job creation and wealth.”
This week also marks the beginning of Climate Week NYC. As part of the week’s activities, Iberdrola will sponsor the Conference on the Global Pact for the Environment organized by Columbia University. Additionally, Iberdrola signed today a partnership with Sustainable Energy For All (SE4All), a global initiative led by the former Secretary-General of the United Nations to achieve universal energy access. Through this agreement, Iberdrola fully supports SE4All’s mission of reducing the carbon intensity of energy while making it available to everyone on the planet, including the one billion people who don’t have access to electricity today.
Iberdrola’s partnership with SE4All shows that businesses can make significant progress by tackling energy and climate-change challenges head on. Every human on earth is part of the solution.
Iberdrola is the world’s largest wind energy producer and has the world’s largest renewables asset base with 28,270 MW of total renewable energy installed capacity, including onshore and offshore wind, hydro and solar (as at end H1 2017). We produce and provide energy to over 110 million people around the world, mostly in USA, Mexico, Brazil, UK and Spain. Over the past 15 years, we have strived to be one step ahead of the energy transition to face the challenges of climate change and the need for clean electricity. Today, we have become “the Utility of the Future” by embracing digitalization, decentralization and building smart networks in all of our markets. Our commitment to sustainability features prominently on indexes such as the Dow Jones Sustainability Index, Carbon Disclosure Project and FTSE4Good.
Michael A. West, Jr., 203-499-3858