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UN Global Compact

ACCIONA is participating in this initiative since 2005.

The mission of  Global Compact is to promote business sustainability through the implementation of 10 Universal Principles on Human Rights and Business, Labor Standards, the Environment and the Fight against Corruption, in the strategy of the organizations and to favor, in this way, the achievement of the the Sustainable Development Goals (SDG).

The secondment of Global Compact is voluntary and those entities who sign it pledge to uphold and disseminate the Principles, and report on their progress once they apply them in their management. ACCIONA reports on its progress in the Progress Report presented each year by the company's president, José Manuel Entrecanales.

In September 2015, at the United Nations headquarters, ACCIONA attended the Sustainable Development Summit to formally adopt the Sustainable Development Goals (SDGs). Unlike the previous Millennium Development Goals, the new goals are more focused on sustainability and give the private sector a more prominent role.

ACCIONA also backs the initiatives and projects promoted by the Global Compact:

Caring for Climate

caring for climate

ACCIONA is part of this joint platform of the Global Compact and the United Nations United Nations Environment Programme (UNEP), which was created to enhance the role of business in the global strategy against climate change and educate governments and public institutions to mitigate it.

Caring for Climate, comprising more than 400 companies from 65 countries. 

In 2015, ACCIONA signed the document Responsible Corporate Engagement in Climate Policy, led by Caring for Climate in partnership with WRI, CDP, WWF, Ceres and The Climate Group, with the aim of making a call to all companies to assume a leadership role and commit to participate responsibly in climate policy.

  • Signatory letter from José Manuel Entrecanales, ACCIONA Chairman Pdf of 20Kb

PATHWAYS FOR LOW-CARBON AND RESILIENT DEVELOPMENT

Since 2018, ACCIONA participates in the platform “Pathways for low-carbon and resilient development”

This platform aims to mobilize the private sector to become a catalyst for enhancing country-level action to meet the ambitions of the Paris Agreement and the Sustainable Development Goals (SDGs).

In November 2018, the "Ambition Loop" report developed by Global Compact, We Mean Business and the World Resources Institute was published with the contribution of ACCIONA, analyzing how companies and governments can jointly advance in achieving a low carbon economy.

 

SCIENCE BASED TARGETS INITIATIVE

Science Based Targets (SBT) is a partnership headed by CDP, the UN Global Compact,  World Resources Institute (WRI), WWF and We Mean Business with the goal of helping companies to establish ambitious climate goals based on science in order to reduce greenhouse gas emissions and limit global warming to below 2 ºC, by seizing opportunities during the transition to a low-carbon economy. 

In the framework of COP25, ACCIONA has announced a commitment to reduce its greenhouse gas emissions in line with the most ambitious scenario in the Paris Agreement: to limit the global temperature increase to 1.5°C in comparison to the pre-industrial era levels,  commitment which has been ratified by the Science Based Targets initiative (SBTi).

Specifically, the company aims to achieve a 60% reduction in both direct and energy consumption emissions, and a 47% decrease in value chain emissions, between 2017 and 2030.

 


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