Abengoa, an international company that applies innovative technological solutions for sustainable development in the infrastructure, energy, and water sectors, has received recognition from the Carbon Disclosure Project (CDP) for its strategy to combat global warming. The company has obtained a B rating in the climate change questionnaire of this world reference organisation. This rating makes it one of the highest-rated participating companies worldwide.
Specifically, Abengoa has developed initiatives such as the establishment of a system for the identification and assessment of climate-related risks, an internal carbon pricing strategy and the development of a Strategic Sustainability Plan, which incorporates targets and measures for mitigating emissions, which have been key for CDP when assessing it as a leading company in climate action.
CDP rates companies on a descending scale from A to F, with A being the highest and F the lowest. Abengoa is among the 14% of companies with the highest rating. This consolidates Abengoa as a benchmark company in the fight against climate change and its effects, both for the technological solutions it makes available to its customers and for the way it manages its activities.
CDP is a British non-profit organisation that supports corporations and administrations in the disclosure of environmental and climate change information. It currently works with 590 institutional investors which manage $110 trillion worth of assets. They focus their investments on projects and companies committed to climate change and use CDP to understand risks, protect their investments and seize opportunities, improving financial decision-making and increasing corporate commitment to climate change. CDP is the world’s largest database of corporate and government climate information to date. Companies participate in CDP through a detailed questionnaire requesting all information related to their climate change management.
In 2021, more than 13,000 companies participated in the climate change questionnaire, constituting more than 64% of the global market capitalisation.
This is the second consecutive year that Abengoa has obtained a B rating, demonstrating its commitment to the environment, its stakeholders and society, both now and in the future.
As proof of this, Abengoa has incorporated its reduction commitment into the European Climate Pact, an initiative within the European Commission’s European Green Deal, aiming to be the first continent in the world to achieve climate neutrality by 2050.