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November

Abengoa recognized by the Carbon Disclosure Leadership and Carbon Performance Leadership indices

November 23, 2012

  • Abengoa’s inclusion in these indices consolidates its position as one of the global leaders in sustainable development.

Seville, November 23, 2012. Abengoa, the international company that applies innovative technology solutions for sustainable development in the energy and environment sectors, has been recognized with an outstanding score of 96 in the Carbon Disclosure Leadership Index (CDLI) and a band of A on a scale of A to E in the Carbon Performance Leadership Index (CPLI). These indices, created by the Carbon Disclosure Project, a not-for-profit organization, recognize those companies that have demonstrated their interest in disclosing information about climate change, in the case of the CDL; and for good internal management and an understanding of the issues related to climate change that affect the company, in the CPL index.

At present, the indices of the Carbon Disclosure Project are a benchmark for investors around the world that are interested in identifying those companies that address the issues raised by this organization in order to form part of its index. These include the description of the company and the sustainability of its business, the strategy and integration of its actions against climate change, emissions reduction targets that reflect the Greenhouse Gas Protocol (GHG), the methodologies and standards used in accounting its emissions and finally, its activities in the markets for emissions rights, especially clean development mechanisms with clean technology transfer to developing countries.

The Carbon Disclosure Project has signed agreements with 655 institutional investors with 78 trillion dollars of assets that are committed to funding projects and companies to encourage sustainable development and action against climate change. The inclusion of Abengoa in the Carbon Disclosure Leadership Index and the Carbon Performance Leadership Index recognizes the progress made by the company over the last five years, using various mechanisms, to ensure that all of its projects meet strict sustainability criteria through continuous improvement and innovation.

In recent years Abengoa has reduced the impact of its actions by measuring and comparing the carbon footprint of its projects and establishing improvement targets. In 2011, the company reduced its emissions by 361,212 tons of CO2 compared to the Greenhouse Gas Emissions Inventory for 2010, thanks to the annual reduction plans that Abengoa implements to reduce the emissions associated with its activities. The company has also signed agreements with more than 2,000 suppliers around the world, which requires them to report their emissions or to state their intention to implement an emissions reporting system within a period of six months.

These indices are considered to be excellent tools for evaluating companies for institutional investors and other stakeholders. ECODES, the foundation for ecology and development, helps to prepare and publish the indices as a strategic partner, while the company assessments are carried out and validated by PwC around the world.

This initiative will help to consolidate Abengoa as a leader in innovative technology solutions for sustainable development, making it a benchmark for environmental sustainability and leading the development of environmental management policies and good corporate governance in this field, as well as the fight against climate change.

About Abengoa

Abengoa (MCE: ABG) is an international company that applies innovative technology solutions for sustainable development in the energy and environment sectors, generating electricity from the sun, producing biofuels, desalinating sea water and recycling industrial waste. (www.abengoa.com)

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