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ACCIONA’s General Shareholders’ Meeting, a carbon-neutral event

05/24/2012

The fight on climate change is one of ACCIONA's main strategic priorities and the Company has set its sights firmly on reducing the effects of this phenomenon. Accordingly, our activities generate only 10% of the emissions that we avoid. Despite this positive balance, ACCIONA wants to go the extra mile and this General Shareholders' Meeting will be a carbon-neutral event.

The fight on climate change is one of ACCIONA's main strategic priorities and the Company has set its sights firmly on reducing the effects of this phenomenon. Accordingly, our activities generate only 10% of the emissions that we avoid. Despite this positive balance, ACCIONA wants to go the extra mile and this General Shareholders' Meeting will be a carbon-neutral event.

What is a carbon-neutral event?

"Carbon neutral" means that the carbon emissions associated with an event add up to zero in the final emissions count. This is done by offsetting the emissions that cannot be avoided. This offsetting process is audited and verified by qualified independent third parties.

How is ACCIONA offsetting the carbon emissions generated by its General Shareholders' Meeting?

ACCIONA has offset this General Shareholder's Meeting's carbon emissions by acquiring Voluntary Carbon Credits in the 'Mirador' Project in Honduras, an initiative that sets out to install efficient domestic stoves certified Gold Standard.

  • Honduras is one of the poorest countries on the planet, with more than half of its population living below the poverty line.
  • More than 25,000 efficient stoves have been installed so far.
  • In an area of environmentally-threatened Dry Tropical Forest.
  • Each stove avoids 2.73 metric tons of CO2 a year compared with a conventional stove.

ACCIONA has chosen this project for its evident environmental and social advantages for the local community, namely:

  • it avoids local deforestation by using only half of the firewood used in a conventional kitchen;
  • it improves people's health by avoiding their exposure to toxic gases; and it
  • supports the local economy by enabling local people to spend less on firewood.

We invite you to watch this interview with Esther Zarzuelo, Environmental Manager at ACCIONA, who offers more information.

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