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April

Abengoa presents its system for reporting greenhouse gas emissions

April 24, 2009

Seville, 24 April 2009.- Felipe Benjumea, chairman of Abengoa, today presented the company’s system for reporting greenhouse gas emissions (GHG), a pioneering procedure that not only measures Abengoa’s direct and indirect emissions but also accounts for the emissions associated with the products and services acquired by the company.

Also participating at the conference were María Teresa Ribera, Secretary of State for Climate Change; Alfredo Sánchez Monteseirín, Mayor of Seville; Esperanza Caro, General Secretary of Climate Change and Environmental Quality from Government of Andalusia; and María Luz Castilla, Sustainability, Corporate Social Responsibility and Climate Change Manager from PricewaterhouseCoopers; and with the collaboration of Sevilla Global.

The development of this tool represents another step in Abengoa’s commitment to the fight against climate change and to the search for innovative solutions for sustainable development. The tool will allow the company to quantify the emissions produced by its activities on an annual basis in order to set targets to reduce, offset and neutralise its CO2 emissions and to label its products and services with their associated CO2.

In order to make an accurate calculation, the system also includes emissions from products and services acquired from third parties, which has led the company to adjust its purchasing policy. Today, all Abengoa’s suppliers have to provide details about their emissions, and they must agree, by signing an agreement, to establish an emissions measurement system within a specific period. This requirement is one of the main differences compared to other measurement systems in the market. Felipe Benjumea highlighted Abengoa’s pioneering role and commitment to globally reducing emissions, a position that has made the company “a reference for greenhouse gas emission control in Spain and in the countries in which we operate, and in 2008 alone we signed this type of agreement with nearly 5,000 companies around the world”.

Abengoa’s first emissions calculation was based on an internal regulation, which in turn was based on various international standards. The calculation has been audited by PricewaterhouseCoopers to certify its validity and its thoroughness.

In order to implement the system correctly, Abengoa has made significant investment in internal and external training. More than 900 employees have received specialist courses from Zeroemissions, the Abengoa company that provides global solutions for climate change, while suppliers have also received support in developing their inventories. In recognition of their efforts, Felipe Benjumea wanted to thank them for their collaboration in carrying out the inventory, and said, “the large majority of our suppliers have provided us with details about their emissions, and we are helping those that have encountered difficulties to develop their inventory so we can continue to work together”.

The presentation of Abengoa’s greenhouse gas emissions measurement system strengthens and complements the various actions that the company is developing in the field of sustainability, which include the investment of more than €70 million in 2008 in R&D+i projects directly related to sustainable development; participation in five carbon funds with more than €20 million of investment; the creation of the Focus-Abengoa Forum on Energy and Climate Change; the organisation of the first specific training course on carbon markets in Spain (Carbon Training); the inclusion of Abengoa in the FTSE4Good Ibex Index, and the company’s participation in the Carbon Disclosure Project (CDP).

In the words of Abengoa’s chairman, “the inventory that we are presenting today will form the basis for implementing a series of measures to reduce emissions, which we are going to establish in every Abengoa company and that will help us to continue to ensure that our business strategy is aligned with the fight against climate change”.

Abengoa is a technology company that applies innovative solutions to sustainable development in the infrastructures, environment and energy sectors. It is a public listed company with a market capitalisation of €1070 billion (23/04/2009) and it currently has a presence in more than 70 countries in which it operates with its five business groups: Solar, Bioenergy, Environmental Services, Information Technologies, and Industrial Construction and Engineering (www.abengoa.com).

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