The COP25 will demand greater commitment from companies in the fight against climate change. The company’s shift to renewables highlights its leadership in terms of sustainability
Spanish energy company Naturgy has solidified its leadership in the gas utilities sector of the Dow Jones Sustainability Index World, the most prestigious sustainability index for publicly listed companies, for the third year in a row.
The company has confirmed its environmental leadership and its strategy in the fight against climate change and global warming, which has led it to transform its business aiming to decarbonizing its industrial model and promoting the UN Sustainable Development Goals.
Similarly, it aims to meet the goals set in the 2030 Agenda and the Paris Agreement, coinciding with the COP25 held in Madrid.
En la lucha contra el #cambioclimático no queremos tener un papel secundario, todo lo contrario. Por ello, respaldamos negociaciones internacionales que impulsan el desarrollo de las tecnologías más adecuadas en cada etapa de la #transiciónenergética.
👉 https://t.co/rR0fWUJIj8 pic.twitter.com/4RpH1f4PQ2
— Naturgy (@Naturgy) 14 de enero de 2020
Economic, environmental, and social criteria form a corporate government and business strategy that endorse Naturgy’s management, according to the Carbon Disclosure Project (CDP).
This international organization aims to provide the largest and most complete global system for environmental diffusion.
Additionally, it allows investors, companies, and governments to mitigate the risks of the use of natural energy and resources, as well as identifying opportunities for a more environmentally responsible approach.
Naturgy and sustainable commitment
The COP25 has placed companies at the center of the fight against climate change, recognizing that the private sector is assuming a fundamental role in meeting the SDG, which main agents were so far the governments and administrations.
In this sense, Naturgy had already assumed the challenge of sustainability and its social commitment is firm and ambitious, according to Chairman Francisco Reynés. The company’s environmentally responsible management stands on three strategic points: climate change, circular economy, and natural capital.
Francisco Reynés, presidente de Naturgy: “El problema del mundo de la energía es el reto de buscar soluciones sostenibles y sortear las trabas que surgen en el camino”. #SeminariosFNaturgy #EnergyProspectives pic.twitter.com/zZVWLRRpYl
— Naturgy (@Naturgy) 14 de marzo de 2019
To minimize the effects of its activity on ecosystems, the company is lessening its carbon footprint and impact on the environment by boosting the value of its natural surroundings.
Moving forward with green energy
Aware of the fact that the energy transition to less-polluting sources entails a firm commitment to renewables, Naturgy’s 2018-2022 Plan will triple its renewable installed capacity.
The company plans to invest in wind and solar technologies, aiming to increase the weight of renewables in the energy mix, thus favoring the shift to a low-carbon economy.
To this end, Naturgy announced it will close its coal-fired power plants in Spain and is committing to renewables, electrification, and natural gas as a low-carbon alternative.
The goal of this move is to guarantee security of supply, sustainable mobility, renewable gas, and development of natural capital.
The Decade of Action for the #GlobalGoals is underway!
— United Nations (@UN) January 23, 2020
Between 2018 and 2019, Naturgy had invested nearly €1 billion in renewables in Spain. This is the most the company has ever invested in this sector, with nearly €400 million just in January-September 2019.
With this investment, it will increase its renewable installed capacity to 2,052 MW, up by 82.8% from 2018.
Naturgy understands that natural gas will have a key role in the future energy mix as a transition source in the medium and short term.
It warns that this is the best solution to substituting other more polluting fuels without sacrificing vehicles’ range or economy. It adds it is the best option in terms of environmental purposes for long trips and marine transport.
Using recycled water
Naturgy’s environmental policy also encourages efficient use of resources that promote circular economy and translates into reducing waste generation, increasing recycling, and boosting renewable gas projects.
Similarly, the company optimized its water resource management. Most of the water captured used by the company is returned to its environment, to the point that the percentage of consumption stood at just 3.4% in 2018 and six of its combined cycle power plants work with reused water.
It is worth noting that the use of recycled water over the past three years helped save 20.6 hm3, the equivalent to 8,228 Olympic pools.
Promoting the conservation of natural heritage and biodiversity is the third pillar of its environmental strategy.
This is reflected in multiple projects, including the conversion of an old lignite mine into a lake in A. Coruña, one of the most significant environmental rehabilitation actions in Spain.
It also has the Naturgy Foundation’s Environmental Volunteering Program, which after five years and the effort of 1,100 volunteering employees and their families has recovered the biodiversity of a variety of natural spaces in Spain.
For more information, check Energía16