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. During 2018 we reached an agreement to buy another water desalination plant with a capacity of 7 million cubic feet per day.
2018 Achievements: In 2018 Atlantica has increased its production of desalinated water by a 2% with respect to previous year. In 2018 Atlantica generated purified seawater to meet the water needs of 2 million people per year.
In addition, we have enhanced water management in our renewable assets. In 2018, we withdrew 10.4 million cubic meters (367.3 million cubic feet), which represented 47% of the limits allowed by our water permits. In 2017, we withdrew 10.6 million cubic meters (374.4 million cubic feet), which represented 49% of the limits allowed by our water permits. We encourage you to keep reading our water management section for more detailed information.
76% of our 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. Our goal is to reduce our emission rate per unit of energy generated by 10% by 2030.
2018 Achievements: During 2018 we have increased our portfolio of renewable assets by acquiring one mini – hydro plant and one wind plant with a capacity of 50 MW. We have also reached an agreement to invest in a 200 MW wind plant in Illinois together with Algonquin. 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. In 2018 76% of our revenues came from renewable energy.
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.
2018 Achievements:. 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 2018 with respect to 2017. Our LTIR is below sector average in all geographies. We encourage you to continue reading our Social section for further details of our commitment to Human and Labour Rights.
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.
2018 Achievements: We have enhanced our performance by increasing the amount of CO2 avoided to the atmosphere, in 2018 we helped to avoid up to 5 million 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. Our goal is to reduce our emission rate per unit of energy generated by 10% by 2030. Please keep reading our Environment section to have more details about our activities regarding Climate Action.
Other activities also support other SDGs, as outlined below:
We promote equal opportunities for our employees and stakeholders.
2018 Achievements: Atlantica stands for greater equality for women, for this reason we aim to sign the 7 women’s empowerment principles in 2019. At Atlantica we work hard to ensure that men and women are treated equaly and have the same work opportunities.
We work to protect flora and fauna in the vicinity of our plants and contain any negative impact from our operations on biodiversity.
2018 Achievements: During 2018 we have performed different activities to protect our flora and fauna in the regions where we operate. For exemple, we have a collaboration project with a local environmental agency in Spain to allow them to monitor the presence of the Iberian Lynx in the vicinity of one of our solar platforms. In 2018 we donated approximately 54 thousand dollars to protect birds of prey settled close to our plants. We have also developed different initiatives to monitor birds in North America, South America and Spain. Additionally we have carried out different reforestation initiatives. Furthermore, we have started disclosing our waste in order to improve transparency.