Sustainability
Our strategy
Our ESG Roadmap 2023 is our strategic plan to promote the sustainability of the company in five areas. It is built upon the results of an internal diagnostic exercise and a materiality analysis carried out by the company in 2020.
Our Sustainability Policy, approved by the Board of Directors, is fully aligned with the ESG Roadmap and with the action plans defined for each of the strategic areas.
We are leaders in ESG Risk Management
We are a Top ESG performer 2022 out of more than 4.000 companies covered by Sustainalytics global universe, a distinction awarded to strong outperformers in their respective industries. We received the highest rating AAA at the MSCI ESG assessment and ISS ESG recognised Grenergy as a Prime company for exceeding sector-specific ESG performance requirements.
Sustainability report 2021
800
attendees to meetings with the local communities
0
projects in areas protected by national or international legislation
245
employees, our company grows 28%
2.890
training hours for employees
2.220
workers for the construction of our projects
(*) Indicators coverage at the report include all business operations
Sustainable Development
Goals
This is the decade of action and the shared ability to achieve the extraordinary. We integrate the Sustainable Development Goals of the United Nations into our sustainability strategy, with emphasis on selected priority goals where our contribution can be most significant.
SDG 5
Gender Equality
Our contribution in 2021
Achieve gender equality and empower all women and girls.
- 50% women on the Board of Directors.
- 43% women in top management.
- Grenergy included the BME´s IBEX Gender Equality Index for female representation in senior management and board level positions.
- Gender Equality Roadmap established.
- Women’s participation in project construction works promoted in collaboration with local institutions.
SDG 7
Affordable and clean energy
Our contribution in 2021
Ensure access to affordable, reliable, sustainable and modern energy for all.
- Fulfillment of our commitmment for the construction and connection of a solar plant to supply renewable electricity to the local community of Quillagua without connection to the grid, Chile.
- 181.204 tCO2 emissions avoided.
- 1 GW of renewable energy projects under construction and in operation.
- 100% alignment with the European Taxonomy on climate change mitigation.
- Project to improve the energy efficiency of street lighting in the local community of Escuderos project in Spain.
SDG 8
Decent work and economic growth
Our contribution in 2021
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.
- Great Place to Work certification for the 2nd consecutive year.
- Job creation for 2,200 workers in construction and operation of our projects.
- 781 H&S training hours for employees.
- 0 accidents among employees.
- 0 major or fatal accidents among employees or subcontractors.
- Over 20,000 H&S training hours for subcontractors´ employees.
- Local tourism promoted through training to local service providers, video recording, design of a website and social media set up in Quillagua, Chile.
SDG 13
Climate Action
Our contribution in 2021
Take urgent action to combat climate change and its impacts.
- Carbon footprint measured and verified by independent third party in accordance with ISO 14064.
- €100 million in green finance.
- 55% absolute target set for emissions reduction by 2030.
- Educational and environmental awareness-raising activities involving more than 1,900 kids and youth organised.
- College scholarship for renewable energy degrees awarded to local member of community in Kosten.
SDG 15
Life on land
Our contribution in 2021
Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss.
- Identification of a wetland restoration project in collaboration WWF Spain.
- None of our projects are located in areas protected by local or international regulation.
- 0 fines for environmental violations.
- 11.3 M€ of annual environmental investment.
- 35 hectares reforested globally.
- 36 hectares of steppe habitat improved (Spain).
- Various hábitat improvement and vulnerable species protection projects globally.
- Only 1 endangered species (IUCN) identified in our projects in construction and operation globally.%8$s
Corporate Governance
Grenergy Sustainability Committee ensures the implementation of the
ESG Roadmap 2023 and periodically reports on its progress to the Board level Committees.
-
50%
women in the Board of Directors
-
50%
independent directors in the Board
-
100%
management with variable compensation linked to ESG targets
Governance
Learn about governance bodies, Executive Committee, Board level Committees and Board of Directors.
Learn moreEnvironment
Sustainability permeates all our decisions with a primary focus is on environmental protection, promoting the biodiversity and helping to fight climate change.
Climate change
Beyond the generation of clean energy through our renewable projects
We protect the biodiversity
We work to protect the biodiversity in the area of our projects and beyond, through various conservation initiatives.
Social development
Taking care of the people who make up our team and creating a positive local impact in the communities close to our projects as well as in the supply chains are priority aspects of our Sustainability Policy.
Communities
We make of each project a shared success with our local communities.
Our team
The people who work at Grenergy think it is a great place to work.
Human Rights
Our commitment to respecting the dignity and rights of individuals is reflected in our due diligence system.