Abengoa, always under the premise of creating innovative technology solutions for sustainable development, contributing to social welfare, joins this global challenge to fight against climate change and its effects, increasing the presence of renewable energy in the energy mix of countries in which has activities and ensuring access to safe drinking water in disadvantaged areas.

This commitment is not only reflected in its final product, but also in its way of working. In this regard, Abengoa includes in its Strategic Sustainability Plan 2019-2023 objectives aimed at mitigating GHG (Greenhouse Gas) emissions derived from its activities and improving efficiency.

Abengoa has incorporated the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) regarding the involvement of Senior Management in managing risks associated with climate change; establishing an identification and risk management system, both at global and facility levels, in the short, medium and long term; integrating this system in the company’s general risk management processes; and disseminating the metrics that the company uses to assess risks and opportunities associated with the climate and risk management process.

More information in the Integrated Report.

Emissions accountability

The company has calculated its GHG inventory for more than thirteen years, through an internal tool integrated into the Sustainability Integrated Management System. Its emissions accountability is based on international standards such as the IPCC methodologies or the GHG Protocol Corporate Accounting and Reporting Standard.

Emission reduction

Abengoa's Strategic Sustainability Plan includes targets aimed at reducing greenhouse gas emissions in its activities:

• Achieve a 5 % reduction of CO2 emissions in scopes 1 and 2 as compared with 2017.
• Reduce by 5 % the emission rate /k€ in stable centres, as compared to 2017.
• Establish an internal price for carbon.

The targets’ achievement degree is show in the Integrated Report.

Recognition

Abengoa obtained a B score in 2020 in CDP’s 'Climate Change' questionnaire. Likewise, the company obtained an A- score in the Supplier Engagement Rating (SER), which measures the effectiveness with which organizations are engaging their suppliers in the fight against climate change.

Cooperation