The CEO of Repsol, Josu Jon Imaz, and the president of Iberdrola, Ignacio Sánchez Galán, are the two Spanish representatives among the 30 pioneers, leaders or trends against the climate crisis that will mark this year 2020, according to a list prepared by the agency Bloomberg In the case of Imaz, the publication highlights that in 2019 he became the first executive in the industry “to commit to reaching zero net emissions in 2050”. Likewise, it values that for the largest Spanish oil company, with a production of more than 700,000 barrels of oil per day, that objective in the 2050 horizon “is no small matter”. For this, the executive will present this year a new strategic plan for Repsol that will set the path to reduce the carbon intensity indicator of its business by 10% in five years.
In the case of Galán, Bloomberg’s list considers him “one of the most influential executives in Spain and one of the clearest in climate issues, having made Iberdrola proof that” large companies can reduce emissions and remain Likewise, it is worth noting that the manager transformed Iberdrola from a utility that is mainly dependent on coal to a group that obtains almost two thirds of its energy from renewable sources, with a presence in 30 countries, which supplies electricity to more than 100 million of people and that has become the largest wind power generator in the world. Among the projects addressed by the company in the last year, the construction of ‘Núñez de Balboa’, the largest photovoltaic plant in Europe with 1.43 million of solar panels installed.
Together with the two Spanish executives, the list of the 30 pioneers in policies against the climate crisis also include other prominent figures in the business world, such as the co-founder of Tesla, Elon Musk; Microsoft founder Bill Gates; or the founder and president of BYD, Wang Chuanfu, among others. Also important personalities of the political and social world as activist Greta Thunberg; the president of the European Commission, Ursula von der Leyen; or the UN special envoy for Climate and Finance action, Mark Carney, among others.
REPSOL, HIGHLIGHTED BY ITS ALIGNMENT WITH THE TRANSITION
On the other hand, Repsol has been highlighted in a Credit Suisse report leading the rest of European companies in the sector in alignment with the energy transition. The entity, which measures in its report a total of 23 variables, including emissions reduction and investment in renewables, gives Repsol the best score.
The company led by Josu Jon Imaz exceeds in the Credit Suisse ranking European companies in the sector such as Shell, Equinor, Total, BP, Eni, OMV and Galp. In addition, it highlights that Repsol raised its renewable capacity targets by 2025 by 66% last December, from 4,500 MW to 7,500 MW and committed to being a zero emissions company in 2050