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. The essence of four of the goals adopted –water, renewable energies, resilient infrastructures and climate change– form the foundations for the Company’s business model.
ACCIONA also backs the initiatives and projects promoted by the Global Compact:
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.
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).
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 July 2018, ACCIONA has established science-based emission reduction targets, specifically a 16 % reduction in greenhouse gases (GHG) emissions by 2030 from a 2017 baseline; these targets have been validated by the Science Based Targets (SBT) initiative. These ACCIONA's emission reduction targets validated by SBT are added to the company's other efforts in the leadership against climate change.
This initiative is aimed at uniting the efforts of governments, the private sector and civil society to achieve by 2030 universal access to modern energy services, a 40% improvement in energy efficiency and 30% worldwide energy production through renewable resources.
ACCIONA and more than 500 representatives of governments, civil society, private sector and international organizations throughout Latin America and the Caribbean met in October 2014 in Santiago de Chile to launch, the United Nations initiative, the Decade of Sustainable Energy for All (2014-2024)