May 20, 2024

News Collective

Complete New Zealand News World

The most prominent Spanish companies by the Dow Jones Sustainability Index

The most prominent Spanish companies by the Dow Jones Sustainability Index

American companies

New York, November 13 (EFE). – A total of seven Spanish companies have been recognized by the sustainability indicators Dow Jones 2021, among them Bank Santander which emerges as one of the ten most sustainable banks in the world, Iberdrola, Red Eléctrica Group or Enagás.

Santander has been part of this index, which measures the economic, environmental and social impact of 245 banks around the world, over the past 21 years, according to a statement.

This indicator, an international benchmark, assesses the sustainable behavior of the group in the economic, environmental and social dimensions, Santander has reached 85 points out of 100, ranking in the 97th percentile of all analyzed banks.

The bank, the world leader in financing renewable energy projects, has the highest rating in various assessed areas such as financial inclusion and environmental information, and has “significantly improved” this year in areas such as human capital and sustainable financing, adds the note from the press.

While, for the second year in a row, the BBVA obtained a score of 88, which is the best score in the banking category in the European region and second globally.

The BBVA also scored 85 points in the economic and corporate governance dimension; 94 points in the environment; and 92 in social. In addition, it achieved the highest scores in the various areas evaluated: Financial Inclusion. environmental and social information; human capital development; and physical.

“This recognition underscores the success of our sustainability strategy, with a dual focus on climate action and inclusive growth,” said Javier Rodriguez Soler, Global Head of Sustainability at BBVA.

See also  Cryptocurrencies: Will They End Up After the FTX Scandal or Will Regulation Save Them? | Finance | Economie

CaixaBank was ranked 11th out of 24 financial institutions notable for sustainability, out of 168 candidates.

In total, the Dow Jones Sustainability Index (DJSI) included 322 companies from all sectors in its list for 2021, out of a total of 1,843 companies analyzed from countries around the world.

In Spain, the main global index placed 15 companies as leading companies.

“CaixaBank’s 10th consecutive inclusion shows that the entity maintains the core of the differential banking model, committed to financial inclusion, sustainable development and social progress,” said CEO Gonzalo Gortazar.

For the 14th consecutive year, Enagas has been recognized once again, and according to the company, the Dow Jones results represent recognition of a commitment to carbon neutrality, setting ambitious emissions reduction goals, as well as a commitment to developing hydrogen and other renewable gases.

He noted that since 2014, it has reduced greenhouse gas emissions by 63%, “which represents significant progress” toward the goal of being a carbon neutral company by 2040.

DJSI ACCIONA was also ranked as the first Spanish company and the second in the world in the electricity sector, out of a total of 104 companies that passed the required selection criteria for the index.

“DJSI is a key reference for the market, especially at a time like today, where COP26 focused on sustainable business projects,” said José Ángel Tejero, Director of Economics, Finance and Sustainability at ACCIONA.

Iberdrola is listed as the only European company to have featured in its suite of services on 22 issues of that list and, according to the company, “demonstrates its commitment to the highest standards of environmental, social and corporate governance.”

See also  Background update for the Riot Games client for VALORANT

The Red Eléctrica Group is the company with the best score in the sector in six criteria: Materiality, Code of Conduct in Business, Impact of Policies; Innovation management and social and environmental reporting.