The Plan includes €2 billion in investment in renewable energy by 2020 to attain 10,500 MW of installed capacity.
The company will contribute to sustainable water management by expanding water supply and treatment services to reach 110 million people worldwide.
ACCIONA has implemented its Sustainability Master Plan 2020 (SMP 2020), a roadmap to sustainability with strong ambitions to consolidate the sustainability practices that the company supports in its business model.
Through the SMP 2020, ACCIONA seeks to be one of the world's most sustainable companies: in its investments, in its services offer and, of course, in its business practices. This is the company's contribution, through its strategy and operations, to mitigating climate change, providing solutions to water stress and designing infrastructures that are adapted to the new realities.
Having exceeded its goals with the SMP 2010-2015, ACCIONA has structured the new programme around three strategic objectives:
- Help to improve people's living standards, by managing social impacts better (the company plans to implement its social impact management methodology at 100% of its projects), contribute 5% of the dividend to community outreach programmes, and promote volunteer work among its employees.
A key component of the company's social action is the ACCIONA Microenergy Foundation, which provides isolated, off-grid rural communities with access to electricity from renewable sources. Its photovoltaic systems provide electricity to over 30,000 people in Peru and Mexico.
- Mitigate climate change, by investing €2 billion in renewable energy over the next five years, 80% of that in developing countries; by undertaking to achieve carbon neutrality in 2016 and offset its CO2 emissions; and by developing a plan to manage climate change-related risks.
The planned investments will raise ACCIONA's total renewable installed capacity to 10,500 MW by 2020, which will avoid 20 million tons of CO2 per year (equivalent to taking 4 million cars off the road).
- Cooperate with managing water sustainably, reduce water usage and obtain external certification of its water footprint, as well as developing a waste management programme (reduce, recycle, reuse) that promotes the circular economy, and designing and implementing a programme that enables the company to achieve a neutral biodiversity footprint.
ACCIONA projects provide water to over 34 million people and treat wastewater for 54 million people. Through 2020, the company plans to develop and operate infrastructure that will provide water to another 9 million people and treat wastewater for another 12 million people, with the result that it will have over 110 million users.
These three objectives round out and complement the other four basic pillars of the company's business practices:
- Good governance, which includes efforts worldwide to take account of sustainability-related risks (climate change, environmental impact, social impact, human rights, and ethics and anti-corruption), and the adoption of best practices in transparency and corporate governance.
- People, including new efforts and a global approach to talent management and retention plans and to training the company's professionals so as to have the most competent personnel in order to address sustainability-related risks.
- Value chain, by stepping up cooperation with customers, suppliers and partners in order to create new sustainable solutions and mitigate environmental, social and governance risks.
- Innovation, retaining the lead in innovation in the area of sustainability by investing above the European average, promoting cooperation with third parties (suppliers, start-ups, innovative procurements, etc.) to develop innovative technology, and saving €75 million over five years by introducing efficiencies and enhancements in the company's operations.