Iberdrola
What do our scores mean?
The organizational score represents the degree to which the organization influencing climate policy and legislation. Corporations also have relationship scores reflecting their links with influencers like trade associations. Both are combined to place the corporation in a performance band. Full details can be found here.
Engagement Intensity
The engagement intensity (EI) is a metric of the extent to which the company is engaging on climate change policy matters, whether positively or negatively. It is a number from 0 (no engagement at all) to 100 (full engagement on all queries/data points). Clearly energy companies are more affected by climate regulations and will have a higher EI than, for example retailers. So an organization’s score should be looked at in conjunction with this metric to gauge the amount of evidence we are using in each case as a basis for scoring. On our scale, an EI of more than 35 indicates a relatively large amount of climate policy engagement.
Relationship Score, December 2020
A new batch of industry associations has been uploaded onto the InfluenceMap system and the relationship scores recalculated accordingly.
Updated terminology, February 2021
We adjusted the terminology used to describe the queries running down the left-hand side of our scoring matrix and added additional explanatory text to the info-boxes. This has no impact on the scores and methodology. It has been done following user feedback to improve clarity.
- Details of Organization Score
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What do the 0,1,2 and NSs, NAs mean?
Each cell in the organization's matrix presents a chance for us to assess each data source against our column of climate change policy queries. We score from -2 to 2, with negative scores representing evidence of obstructive influence. "NA" means "not applicable" and "NS" means "not scored" - that is we did not find any evidence either way. In both cases, the cell's weighting is re-distributed over others. Red and blue cells represent highly interesting negative or positive influence respectively. Full details can be found here.
- Details of Relationship Score
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What is the Relationship Score
A corporation, as well as its organizational score will have a relationship score. It is computed by aggregating the organizational scores of the Influencers (trade bodies etc.) it has relationships with, weighted by both the strength of these relationships and the relative importance of the Influencers towards climate change policy. Full details can be found here.
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QUERIES
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DATA SOURCES | |||||||
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Main Web Site
The main organizational Web site of the company and its direct links to major affiliates and attached documents. |
Social Media
We search other media and sites funded or controlled by the organization, such as social media (Twitter, Facebook) and direct advertising campaigns of the organization. |
CDP Responses
We assess and score responses to two questions from CDP's climate change information request (12.3 a & 12.3c) related to political influence questions (currently these are not numerically scored by the CDP process). |
Legislative Consultations
Comments from the entity being scored on governmental regulatory consultation processes, including those obtained by InfluenceMap through Freedom of Information requests. |
Media Reports
Here we search in a consistent manner (the organization name and relevant query search terms) a set of web sites of representing reputable news or data aggregations. Supported by targeted searches of proprietary databases. |
CEO Messaging
Here we search in a consistent manner (the CEO/Chairman, organization name and relevant query search terms) a set of web sites of representing reputable news or data aggregations. Supported by targeted searches of proprietary databases. |
Financial Disclosures
We search 10-K and 20-F SEC filings where available, and non US equivalents where not. . |
EU Register
Information provided by to the voluntary EU Transparency Register. |
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Communication of Climate Science
Is the organization transparent and clear about its position on climate change science? |
1
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1
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NS | NS |
2
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2
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NS | NA |
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Alignment with IPCC on Climate Action
Is the organization supporting the science-based response to climate change as set out by the IPCC? (the IPCC) |
2
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1
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NA |
2
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1
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2
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NS | NA |
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Supporting the Need for Regulations
To what extent does the organization express the need for regulatory intervention to resolve the climate crisis? |
NS |
1
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NS |
2
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2
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1
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NS | NA |
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Support of UN Climate Process
Is the organization supporting the UN FCCC process on climate change? |
2
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1
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NA |
2
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NS |
2
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NS | NA |
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Transparency on Legislation
Is the organisation transparent about its positions on climate change legislation/policy and its activities to influence it? |
2
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NA |
2
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NA | NA | NA | NS | NA |
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Carbon Tax
Is the organisation supporting policy and legislative measures to address climate change: carbon tax. |
NS | NS |
2
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2
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2
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2
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NS | NA |
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Emissions Trading
Is the organisation supporting policy and legislative measures to address climate change: emissions trading. |
2
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2
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1
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1
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1
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2
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2
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NA |
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Energy and Resource Efficiency
Is the organization supporting policy and legislative measures to address climate change: energy efficiency policy, standards, and targets |
1
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1
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1
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1
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NS |
0
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NS | NA |
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Renewable Energy
Is the organization supporting policy and legislative measures to address climate change: Renewable energy legislation, targets, subsidies, and other policy |
NS |
1
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1
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1
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1
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1
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NS | NA |
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Energy Transition & Zero Carbon Technologies
Is the organization supporting an IPCC-aligned transition of the economy away from carbon-emitting technologies, including supporting relevant policy and legislative measures to enable this transition? |
1
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1
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2
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1
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1
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1
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NS | NA |
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GHG Emission Regulation
Is the organization supporting policy and legislative measures to address climate change: GHG emission standards and targets. Is the organization supporting policy and legislative measures to address climate change: Standards, targets, and other regulatory measures directly targeting Greenhouse Gas emissions |
2
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1
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NS |
2
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2
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2
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NS | NA |
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Disclosure on Relationships
Is the organization transparent about its involvement with industry associations that are influencing climate policy, including the extent to which it is aligned with these groups on climate? |
0
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NA |
-1
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NA | NA | NA | NS | NA |
Open PDF file of Data Source
InfluenceMap Data Point on Corporate - Influencer Relationship
InfluenceMap Comment:
Iberdrola listed membership of Eurelectric in 2018 in their Sustainability report
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
InfluenceMap Comment:
Iberdrola is an indirect member of Eurelectric through BDEW
InfluenceMap Data Point on Corporate - Influencer Relationship
InfluenceMap Comment:
Iberdrola has stated that Eurelectric's position on climate change is of "mixed" consistency with its own
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
InfluenceMap Comment:
Iberdrola is a member of Eurelectic
InfluenceMap Data Point on Corporate - Influencer Relationship
InfluenceMap Comment:
Iberdrola listed membership of Eurelectric in 2018 in their Sustainability report
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
InfluenceMap Comment:
Iberdrola is an indirect member of Eurelectric through BDEW
InfluenceMap Data Point on Corporate - Influencer Relationship
InfluenceMap Comment:
Iberdrola has stated that Eurelectric's position on climate change is of "mixed" consistency with its own
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
InfluenceMap Comment:
Iberdrola is a member of Eurelectic
How to Read our Relationship Score Map
In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.
Climate Lobbying Overview: Iberdrola appears supportive of ambitious action on climate change, and has engaged positively on climate-related regulation since 2015, both in the EU and globally. In particular, the company has actively lobbied for greater ambition across a range of EU-level climate policies covering energy, transport, and industrial sectors.
Top-line Messaging on Climate Policy: In 2019-21, Iberdrola has consistently supported a 2050 climate neutrality target for the EU, and advocated for the “common goal of achieving a climate-neutral world by 2050” as part of the Race to Zero coalition in 2020. Furthermore, in 2020, Iberdrola promoted the need for a green recovery from the COVID-19 pandemic, urging EU policymakers to increase the ambition of climate regulation. In 2020, Iberdrola continues to strongly support the Paris Agreement, associated UNFCCC processes, and has publicly supported a European Green Deal. In 2020, the company has further advocated to EU policymakers that the “EU ETS carbon price signal may not be enough” to decarbonize hard to abate sectors, which require “other ambitious regulations (both at EU and national level)”.
Engagement with Climate-Related Regulations: Iberdrola has actively and positively lobbied on numerous strands of EU climate policy to promote ambitious climate action. In 2019-20, Iberdrola has consistently supported an increased 55% 2030 EU GHG target, including in numerous public letters to European policymakers. In 2020, Iberdrola urged the EU to introduce a higher EU energy efficiency 2030 target of 36%, and supported a 60% GHG reduction target in EU light vehicle emissions by 2030. Iberdrola has also stated support for an increased 2030 renewable energy sources consumption target of 38.5% (from 32%) in a separate 2020 EU consultation. In 2020, Iberdrola’s CEO, Ignacio Galán, further suggested that the EU’s 40% renewable energy target is “very modest” and could be increased.
In 2020, Iberdrola appears to have also supported ambitious reforms to the EU Emissions Trading System (EU ETS) to increase the carbon price and effectiveness of the scheme in numerous consultation responses. This includes advocating for a carbon price floor, a higher GHG emissions target, and including additional sectors in the EU ETS such as road transport, buildings, and the maritime sector. In a separate 2020 consultation response, Iberdrola also supported expanding the EU ETS for aviation to include international (EU to/from non-EU) flights and reducing the allocation of free emissions allowances for aviation.
Positioning on Energy Transition: Iberdrola has strongly supported measures to transition the energy mix, electrify transportation and decarbonize the economy in 2019-21. Corporate communications from Iberdrola’s website in 2021 communicates support for the urgent decarbonization of the power sector and the rapid electrification of transportation in the EU. In a 2020 consultation submission, Iberdrola urged the EU to introduce a 100% EV sales quota in 2030-2035 to prohibit the sale of internal combustion vehicles. CEO statements in 2020 from Iberdrola have also promoted the use of green hydrogen in the EU and to accelerate the energy transition in Spain. Further evidence from 2019 suggests Iberdrola actively supports the phase-out of coal and the wider decarbonization of the economy. Iberdrola has also communicated support for the removal of fossil fuel subsidies in its 2020 CDP response.
Industry Association Governance: Iberdrola appears to fully disclose all of its membership of industry associations in its 2020 sustainability report, without providing further details on the company’s role within each association’s governing bodies, or the company’s influence over climate policy positions. Iberdrola has not published a review of their industry associations. Iberdrola retains memberships to industry associations lobbying climate policy with positive, mixed, and negative engagement. In the EU, Iberdrola is a member of the European Roundtable for Industry, which is lobbying EU policy with mixed, but increasingly positive engagement, and Eurelectric, which Iberdrola discloses “mixed” consistency with their climate positioning, and which is lobbying EU climate policy with increasingly positive engagement. A subsidiary of Iberdrola is also a member of SolarPower Europe and WindEurope, which are both positively engaged with EU climate policy.