Sustainable value chain 6w4q29

We ensure a fair, transparent and ethical value chain 6m494w

Our suppliers are a fundamental part of the performance of activies within the Iberdrola group and strategic players in the transition towards a decarbonised economy. As such, they are considered business partners. We seek to ensure a fair, transparent and ethical value chain, and we involve our suppliers from the first with the group, always with a proactive attitude towards their needs and ing them in the development of new capabilities.

At Iberdrola we attach great importance to promoting sustainability as integral to the entire value chain of our business.

Supplier evaluation model 5f3z72

At the Iberdrola Group, we are committed to ensuring that 85% of our key partner companies are subject to sustainable development policies and standards by 2025. To achieve this, we use a supplier evaluation model based on globally recognised criteria for measuring corporate responsibility across three areas: environmental, social and governance.

We assess 43 factors to calculate the SCORE for each of our suppliers. These include compliance with human rights, management of risks related to climate change, circular economy strategy and contribution to sustainable development. In addition, we send personalised improvement plans to suppliers who do not yet meet the required sustainability standards.

For all these reasons, we have become the first company to receive the Sustainable Purchasing Strategy [PDF] from the Spanish Association for Standardisation and Certification (AENOR), in recognition of our cross-cutting drive to embed sustainability throughout the company's entire value chain. With this certification, AENOR has confirmed that the procurement processes carried out by the Iberdrola Group generate the greatest possible positive environmental, social and economic impact throughout the entire lifecycle of the service or product.