The Elecnor Group joins the IBEX ESG due to its social and environmental contributions
Elecnor thus strengthens its commitment to sustainability both in the development of its activities and business strategy and in its relationship with stakeholders
The Elecnor Group joins the IBEX ESG due to its contributions to social, environmental and governance issues. The Spanish corporation, founded in 1958 and present in over 50 countries, thus strengthens its commitment to sustainability, a commitment that is endorsed by its Strategic Plan for Sustainability 2023-2025. The Elecnor Group focuses particularly on developing sustainable infrastructures, improving people’s quality of life, building solid governance and continuing to be a profitable company in the future. An endeavour that has been rewarded with the inclusion on this index that comprises 49 companies and requires compliance with the Principles of the UN Global Compact.
“Sustainability at the Elecnor Group comes from its purpose: to generate change and well-being in the regions where it operates. This commitment to sustainability is inherent in the entire development of the Group’s activities and business strategy, as well as in its relationship with stakeholders”, notes Rafael Martín de Bustamante, Chief Executive Officer of the company. Martín de Bustamante adds that “our commitment has been endorsed by the certification of our Corporate Social Responsibility Management System in accordance with the IQNet SR10 standard, which validates the effectiveness of Elecnor’s sustainability management”.
Strict requirements
IBEX ESG will update its index on 23 September and that is when Elecnor will join, along with other corporations such as Aena, IAG, Lar España, Neinor Homes, Puig and Tubacex. This index was first launched in October 2023 with the aim of providing the market with independent information on the level of companies’ performance relating to sustainability. To this effect, they use the independent provider Inrate, which provides accurate information about each company encompassing everything related to these aspects.
The IBEX ESG requires an ESG rating of C+ or higher (there are 12 levels ranging from A+ to D-). In its assessment, the independent body also considers different exclusion criteria for business activities that are critical for sustainability, which is also the Elecnor Group’s focus for its line of action and continuous improvement as a committed company, both in the present and the future.