IBERDROLA was singled out as the world’s utility with the best strategy for combating climate change by the Carbon Disclosure Project (CDP). IBERDROLA out performed all other utilities and earned the maximum 100 points, earning it a place for the third consecutive year among the 50 companies included in the Climate Leadership Index that is compiled each year by the CDP. *

IBERDROLA earned points for its commitment to environmentalism and sustainable development, for its assessment of the risks and opportunities presented by climate change and greenhouse gas emissions, and for the quality and effectiveness of its measures to curb such emissions.

In the first six months of 2007 the IBERDROLA group cut its CO2 emissions by 15% to 164 grams/kWh in Spain. Nearly half (47%) of the group’s power production worldwide in the same period was totally free of CO2 emissions.

Meanwhile in the UK, two WWF reports released today (Friday 28th Sept) evaluating the big 6 UK Power companies on their environmental performance and policies, ranked ScottishPower as a close second to Centrica. ScottishPower  was however praised for its “integration of environment in its governance structure as well as its renewables capacity”.

Today IBERDROLA and ScottishPower are the world’s largest producer of wind-generated electricity, with a current global capacity of 7,000 MW and another 40,000 MW in the project pipeline, including 6,500 MW in Spain, 6,000 MW in the UK, 20,500 MW in the US, and 7,500 MW in the rest of the world.

Notes

* The CDP reports to 315 international investors with total assets of some $41 trillion. Its annual study examines and evaluates actions and policies aimed at combating climate change.