UN Global Compact
As part of its commitment with sustainability, Atlantica joined the United Nations Global Compact (the “UNGC”) initiative in January 2018 and formally adopted the UN Global Compact Ten Principles in the fields of human rights, labour, 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. Atlantica reaffirms its support to the Ten Principles of the United Nations Global Compact in the areas of Human Rights, Labour, Environment and Anti-Corruption.
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.
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 taking action against climate change.
Atlantica is committed to orient its action to 6 of the 17 Sustainable Development Goals.
We currently own part of two water desalination plants in Algeria, a place with limited fresh water access. These plants have a capacity to filter 10.5 million cubic feet a day to provide potable water for local communities.
In 2019 Atlantica generated purified seawater to meet the water needs of approximately 2 million people per year.
77% of our revenues were generated by solar and wind assets in 2019 (vs. 76% in 2018). 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.
Our Board is committed to maintaining 80% of our revenues generated from low-carbon footprint including our renewable, transportation and transmission infrastructures and water assets.
We protect labour 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.
We issued our Diversity and Inclusion policy aimed at promoting equality amongst all our employees.
We had have zero fatality rate in our entire history. We have enhanced our Total Recordable Incident Rate, our Loss Time Incident Rate and our Near Miss Frequency Rate in 2019 with respect to 2018.
Our activity has a positive impact on mitigating climate change. We are committed to reduction of CO2 emissions by investing in renewable energy assets. Furthermore, we set goals to further reduce the CO2 emissions produced by our solar assets.
We have enhanced our performance by increasing the amount of CO2 avoided to the atmosphere, in 2019 we helped to avoid up to 4.7million tons of CO2. compared with a 100% fossil fuel based generation plant.We intend to maintain 80% of our revenues generated from low-carbon footprint including our renewable, transportation and transmission infrastructures and water 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.