UN Global Compact
As part of its commitment with sustainability, Atlantica was the first US listed yieldco to join the United Nations Global Compact (the “UNGC”) initiative in January 2018 and to formally adopt the UN Global Compact Ten Principles in the fields of human rights, labor, environment and anticorruption. We are determined to make the UNGC and its principles an integral part of the strategy, culture and day-to-day operations of the Company.
The UNGC is an initiative which encourages companies and organizations worldwide to adopt sustainable and socially-responsible policies. The participation in the UN Global Compact is voluntary and those entities who sign it pledge to uphold and disseminate the principles and report on their progress once they apply them in their management. By joining the UNGC, business, as a primary driver of globalization, can help ensure that markets, commerce, technology and finance advance in ways that benefit economies and societies everywhere.
UN Global Compact Ten Principles
UN Global Compact Sustainable Development Goals
In 2015, world leaders agreed to 17 goals for a better world by 2030. The Sustainable Development Goals (“SDGs”) are a universal set of goals that United Nations member states, and more increasingly businesses, are expected to use to frame agendas and policies surrounding development. The 17 Global Goals are aimed at ending poverty, fight inequality and stop climate change.
Atlantica is committed to orient its action to 6 of the 17 Sustainable Development Goals:
We currently own a stake in two water desalination plants in Algeria, a place of limited fresh water access. These plants have a capacity to filter 10.5 million cubic feet per day to provide potable water for local communities. We intend to expand our water assets portfolio to ensure affordable drinking water for all.
Over 70% of revenues are generated by solar and wind assets. We intend to invest in additional clean energy assets to help increase substantially the share of renewable energy in the global energy mix by 2030
We protect labor rights and are committed to promote safe and secure working environments for all workers.
We are committed to providing decent work for all women and men, young people and persons with disabilities and equal pay for work of equal value.
Our activity has a positive impact on climate change. We are committed to reduction of CO2 emissions by investing in renewable energy assets. Furthermore, we set goals to further reduce CO2 emissions produced by our solar assets.
Other activities also support other SDGs, as outlined below:
We promote equal opportunities for our employees and stakeholders.
We work to protect flora and fauna in the vicinity of our plants and contain any negative impact from our operations on biodiversity.