Global infrastructure company Acciona has been awarded the status of a ‘world leader in climate action’ by CDP, a not-for-profit organisation that analyses corporate climate information on a global scale.
Spanish conglomerate Acciona has ranked in 'category A', which includes the world's most pioneering companies which are addressing climate risks to work towards a low-carbon economy.
Only 179 of the more than 8,300 companies that were evaluated worldwide made it onto CDP's A List.
Acciona has been a carbon-neutral company since 2016, reaching this landmark more than 30 years before it is forecast to happen at a global level. The company applies a carbon price to its operations worldwide, offsetting all the CO2 emissions it cannot reduce.
Acciona has also set increasingly ambitious specific targets for reducing emissions.
The company has established new scientific-based emissions reduction targets through the Science Based Targets (SBTi) initiative. These targets are in alignment with the scenario set at COP25 that limits global warming to an increase of 1.5ºC.
These goals define a reduction of 60% of the greenhouse gas emissions generated by the company and a 47% reduction for the emissions of its suppliers, products and employees by 2030, in comparison to 2017 levels.
CDP also highlighted that Acciona curtailed the emission of 14.7million tonnes of CO2 into the atmosphere in 2018, attributable to its energy production activity exclusively from renewable sources.
The CDP report on corporate climate action analyses the thoroughness of public information, awareness and management of environmental risks and demonstration of leading practices relating to the environment.
More than 8,300 companies and over 920 cities, states and regions submitted data regarding their environmental performance to CDP in 2019.