The Diplomat
Naturgy has been recognised as one of the five most sustainable multi-utilities in the world and the first in relation to its comparables by capitalisation in the Sustainalytics index, according to the company.
The company’s overall score has improved by 0.6 and it remains at low risk of potential financial impacts arising from ESG (environmental, social and governance) factors, with a lower level of risk than the country’s main electricity companies, despite having increased its exposure to risk.
The rating agency Sustainalytics gave a very positive assessment of the company’s integrated quality, environment and health and safety management system (SIG), which is certified and audited annually.
It has also highlighted the steady decline in greenhouse gas (GHG) emissions over the past three years, the closure in 2020 of coal-fired power plants and the increase in renewable generation, as aspects that highlight the soundness of the company’s management of ESG issues.
Naturgy has been taking decisive steps towards climate neutrality for years, moving towards a more sustainable energy mix.
At the end of 2020, the company had 4.6 GW of clean technologies in operation and its strategy for the coming years focuses on continuing to grow in renewable energies, both in wind and solar generation and developing innovative biomethane and green hydrogen projects.
The Sustainalytics rating index, of which Naturgy has been a member since 2017, rates the ESG performance of more than 14,000 companies, assessing their level of risk to problems arising from ESG issues.
