Iberdrola, Acciona Energía and Indra, Ibex Leaders in ESG

The last part of the year is upon us, the time chosen by the big sustainability index and rating factories to update their scores. Last Friday night, December 9th, S&P Global announced the new composition of its family of sustainable indexes, including the very popular Dow Jones Sustainability World Index, which once again includes 15 Spanish companies.

In order to be included or not in this world-renowned index, S&P takes into account the score obtained by companies in its CSA (Corporate Sustainability Assessment), an exhaustive questionnaire on the three ESG dimensions (environmental, social and corporate governance) that is carried out once a year.

In this examination, the best scores among the 35 members of the Ibex were obtained by Acciona Energía, Endesa, Iberdrola, and Indra, with 89 points out of a total of 100. Behind them, and still with high scores, were Acciona (88 points), Enagás and Naturgy (both with 87), BBVA (the bank with the best score in the Spanish index), Redeia and Telefónica (with 86). Despite being among the leaders in terms of score, Acciona Energía has not entered the Dow Jones Sustainability World Index, possibly because its parent company, Acciona, has joined it.

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Other highlights

Still above 80 points are Amadeus, Santander, Cellnex Telecom, and Siemens Gamesa, which as of today is excluded from the Ibex 35 following the takeover bid by its parent company, Siemens Energy. Bankinter, CaixaBank, and Mapfre are tied at 80 points, and just behind them is Ferrovial, with 75 points.

At the bottom of the table, IAG and ArcelorMittal failed, falling below 50 points. Repsol gets a fair pass. And the scores of six other listed companies (Acerinox, Colonial, Meliá, Rovi, Solaria and Logista) are not published on the S&P Global website. You may be interested in: Logista returns to the Ibex.

For companies, participating in the CSA involves filling out extensive forms once a year, developed separately for 61 different industries, which include between 80 and 100 questions each.

Best in climate

But S&P was not the only ESG data provider to update its scores recently. Yesterday, December 13th, CDP (Carbon Disclosure Project), a non-profit organization specializing in assessing companies’ commitment to climate change, did so.

Within the Ibex 35, 16 companies have obtained the highest score in this aspect this year, compared to the 11 listed companies that achieved it in the 2021 review. They are, in alphabetical order, Acciona, Acciona Energía, Aena, Santander, CaixaBank, Cellnex, Ferrovial, IAG, Iberdrola, Inditex, Indra, Colonial, Redeia, Sacyr, Gamesa, and Telefónica.

All of them have obtained an ‘A’, the highest grade awarded by CDP, which places them on the prestigious A List of this benchmark organization. CDP’s ratings are, from best to worst, ‘A’, ‘A-‘, ‘B’, ‘B-‘, ‘C’, ‘C-‘, ‘D’, ‘D-‘ and ‘F’.

With an ‘A-‘ (which, according to the CDP scale, still places them in the rank of leaders) we also find Endesa, Naturgy, Merlin Properties Socimi, Repsol, ArcelorMittal and Logista. In contrast to them, in the laggard positions is Rovi, which receives an ‘F’, a grade that implies that it has not responded with sufficient information to CDP’s request for data. The grades of Enagás and ACS, meanwhile, have not been published on CDP’s website.

Only 2.2% of the more than 15,000 companies rated by this organization manage to access this annual A List. According to a press release from the supplier, 44% (147) of the more than 330 companies that make up the A List globally are based in Europe. Within the region, the United Kingdom leads with 29 companies, followed by France, Spain and Germany. This year, S&P invited more than 13,800 companies to complete their CSA.

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(Featured image by geralt via Pixabay)

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First published in elEconomista.es, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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