How Iberdrola is embedding the just transition across its business

Iberdrola is implementing a just transition strategy focused on decarbonizing the economy while supporting affected workers and communities. The company has closed all its coal plants and is investing heavily in renewables, with planned expenditures of €47 billion from 2023-2025 and €65-75 billion between 2026 and 2030. Key initiatives include the Exiom-Iberdrola Alliance in Spain to manufacture photovoltaic modules, the School of Electricians for Women in Brazil, and collaborations with UNICEF to promote green employment in Spain, Brazil, and Somalia. Iberdrola also advocates for a just transition through international pledges and was the first company to share its Climate Transition Plan for net zero emissions before 2040 with the UN.

• Iberdrola has committed to significant financial investments in the energy transition, pledging €47 billion for 2023-2025 and between €65-75 billion for the period 2026-2030, with a goal to reach net zero emissions across Scopes 1, 2, and 3 before 2040.
• The company supports workers displaced by the closure of coal plants through regional partnerships, such as collaborating with the Partnership Action for Continuing Employment (PACE) in Scotland to provide job search advice and training.
• In Spain, Iberdrola is revitalizing industrial activity in regions affected by coal plant closures, notably through the Exiom-Iberdrola Alliance, which will launch one of Europe's first industrial-scale photovoltaic module manufacturing plants in 2023, creating over 100 direct jobs.
• Iberdrola implements targeted social and educational programs to develop green skills for vulnerable groups, including STEM scholarships for youth in Mexico, the School of Electricians for Women in Brazil, and an alliance with UNICEF for youth in Spain, Brazil, and Somalia.
• The company engages in global climate advocacy and accountability, signing the 2019 UN Secretary General Summit Pledge Letter and the 2021 Just Transition and Decent Jobs Pledge, and becoming the first company to share its Climate Transition Plan with the UN in March 2023.

APA

Davis, L. (2023). How Iberdrola is embedding the just transition across its business. We Mean Business Coalition. https://www.wemeanbusinesscoalition.org/blog/how-iberdrola-is-embedding-the-just-transition-across-its-business/

Chicago

Davis, Luke. How Iberdrola is embedding the just transition across its business. We Mean Business Coalition, 2023. https://www.wemeanbusinesscoalition.org/blog/how-iberdrola-is-embedding-the-just-transition-across-its-business/.

Wikipedia

{{cite report |last1=Davis |first1=Luke |title=How Iberdrola is embedding the just transition across its business |publisher=We Mean Business Coalition |date=6 July 2023 |url=https://www.wemeanbusinesscoalition.org/blog/how-iberdrola-is-embedding-the-just-transition-across-its-business/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{davis2023how, author = {Davis, Luke}, title = {{How Iberdrola is embedding the just transition across its business}}, institution = {We Mean Business Coalition}, year = {2023}, month = jul, url = {https://www.wemeanbusinesscoalition.org/blog/how-iberdrola-is-embedding-the-just-transition-across-its-business/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }