GlobalData offers a comprehensive analysis of Elecnor, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Elecnor‘s ESG performance. GlobalData’s company profile on Elecnor offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.

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Elecnor, a Spanish company, is actively committed to playing a decisive role in building a sustainable and low-carbon future. Addressing climate change stands as a strategic priority and significant challenge for the company. This commitment is evident in both the 2021-2022 Sustainability Strategy and the 2020-2035 Climate Change Strategy. These strategies outline specific targets for reducing greenhouse gas emissions that align with the guidelines set by the Science Based Targets (SBT) initiative. The company has identified climate-related risks and opportunities over the short, medium, and long term. The Elecnor Group has set ambitious targets aligning with the Paris Agreement's objectives to limit the global temperature increase to below 2ºC. In accordance with this, using 2020 as a baseline year, the company aims to achieve a 38% reduction in absolute Scope 1 and 2 emissions by the year 2035. Furthermore, concerning Scope 3 emissions, specifically those arising from the purchase of goods and services and fuel and energy-related activities, the Group has committed to an 18% reduction within the same base year and time scope.

In 2022 the company's greenhouse gas emission for scope 1 was 76,084 tCO2e, scope 2 was 1,647 tCO2e and scope 3 was 1,079,714 tCO2e. In terms of carbon emissions, Elecnor's current carbon footprint includes carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), and hydrofluorocarbons (HFCs) associated with refrigerant gas leaks. The company does not generate sulphur hexafluoride (SF6), nitrogen trifluoride (NF3), and perfluorocarbons (PFCs) within its equipment or activities.

The Elecnor Group is committed to actively and decisively contributing to the creation of a sustainable and low-carbon future. Addressing climate change is a strategic priority and challenge, evident in both the 2021-2022 Sustainability Strategy and the 2020-2035 Climate Change Strategy. These strategies outline greenhouse gas emission reduction targets aligned with the Science Based Targets (SBT) initiative.

In conclusion, Elecnor prioritizes building a sustainable, low-carbon future, evident in its robust strategies like the 2021-2022 Sustainability and 2020-2035 Climate Change Strategies. Committed to the Paris Agreement's objectives, it aims to significantly reduce emissions across Scope 1, 2, and 3 while addressing climate-related risks. With a focus on greenhouse gas reduction aligned with Science Based Targets (SBT), Elecnor drives toward a more environmentally conscious future.

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