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| Overall Assessment |
Comment |
Score |
| Comprehensive |
Iberdrola provides an extensive and detailed picture of its climate-policy lobbying. It names multiple specific legislative and regulatory files it has worked on – including the “review of the Directive of the EU-ETS”, the “Effort Sharing Decision”, the “Spanish National Adaptation Plan”, the EU “Fit for 55” package, the “Net Zero Industry Act”, the revision of the EU Electricity Market Design, and national measures such as the “Energy Transition and Climate Change Law of the Basque Country”. The company also sets out how it lobbies, disclosing a range of direct and indirect mechanisms and the decision-makers targeted: it records “face-to-face meetings with representatives of public administrations”, over 60 bilateral meetings at COP27 with figures such as Kadri Simson, John Kerry and Alok Sharma; submissions to “public consultations carried out by regulatory entities”; and work through industry coalitions like WindEurope, SolarPower Europe and the Carbon Pricing Leadership Coalition aimed at the European Commission, Parliament, Council, MITECO and the CNMC. Finally, Iberdrola is explicit about the outcomes it seeks, advocating a “strong carbon price signal able to encourage investments in decarbonisation”, the expansion of the EU-ETS to transport and buildings, “eliminating fossil fuel subsidies”, creating “specific financial instruments… such as direct subsidies or favourable taxation” to speed resilience investment, and securing at least a 90 % cut in EU greenhouse-gas emissions by 2040. This level of specificity across policies, mechanisms and desired results demonstrates a very high degree of transparency in the company’s climate-related lobbying.
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4
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| Overall Assessment |
Comment |
Score |
| Comprehensive |
Iberdrola SA demonstrates a comprehensive governance process for climate lobbying, with robust mechanisms for ensuring alignment with its climate-related goals. The company has developed a specific methodology to assess the alignment of its participation in external organizations with the Paris Agreement and energy transition goals, stating that "the positioning of the organisations is classified as aligned with, neutral or opposed to the one maintained by the company in the related area, and serves as basis for decision-making regarding Iberdrola's future participation therein." Furthermore, Iberdrola has established a structured follow-up plan to address misalignments, including actions such as "coordination of policy papers, intensification of bilateral meetings," and, if necessary, "suspension or discontinuation of membership or support to the association." The company also discloses that "the Board of Directors is assisted by the Climate Change and Partnerships Division," which coordinates monitoring and reporting procedures to governance bodies. Additionally, Iberdrola has published detailed assessments of its trade association memberships, revealing that "72% of the organisations in which Iberdrola participates are aligned with the company's Statement of commitment to sustainable development, respect for and defence of Human Rights and the fight against climate change." The company actively engages in climate advocacy through alliances and initiatives, such as the "Race to Zero Dialogues" and partnerships with organizations like "The Climate Group EV100 and SteelZero" and "European Climate Foundation." Iberdrolas governance framework includes oversight by its Board of Directors and consultative committees, such as the Sustainable Development Committee, which "annually reviews that the content of this document is in line with the Company's sustainable development strategy and that it includes a statement of progress on the achievement of the climate action plan." This indicates a robust governance process that encompasses direct and indirect lobbying activities, with clear monitoring mechanisms, accountability structures, and public transparency in place.
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4
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