31 Spanish Companies, Among the Most Sustainable in the World

This year, 31 Spanish companies are recognised in the S&P Global Sustainability Yearbook, one more than in 2023. In its twentieth edition, the number of organisations worldwide that exceeded the requirements to be included in this list was 759 (49 more than last year).

Although Spain has added one more company than in 2023 to the S&P Global Sustainability Yearbook (‘The Sustainability Yearbook 2024’), the truth is that there have been some more variations with respect to the entities in Spain that appeared in last year’s classification.

Spanish companies are becoming more and more sustainable

Specifically, the Spanish companies recognised in 2024 in the Yearbook are as follows: Acciona, ACS, Aena, Amadeus, Banco de Sabadell, Bankinter, BBVA, CaixaBank, Cellnex Telecom, CEPSA, Construcciones y Auxiliar de Ferrocarriles, Acciona Renewable Energy Corporation, EDP Renovaveis, Enagás, Endesa, Ferrovial, Fluidra, Gestamp Automoción, Grifols, Iberdrola, Inditex, Indra, Línea Directa Aseguradora, Mapfre, Meliá Hotels International, MERLIN Properties SOCIMI, Naturgy, NH Hotel Group, Redeia, Sacyr, Santander, Siemens Gamesa Renewable Energy and Telefónica.

Of the Spanish companies included, Construcciones y Auxiliar de Ferrocarriles and Línea Directa Aseguradora have entered this year’s ranking of what S&P Global considers to be the most sustainable organisations in the world. In addition, Ferrovial, although still appearing in the yearbook, is listed as an entity from the Netherlands after the transfer of its headquarters; and Siemens Gamesa Renewable Energy, for its part, does not appear in the 2024 ranking.

The other Spanish companies featured in this year’s publication have managed to maintain their sustainability performance and, with it, their presence in the S&P Global Sustainability Yearbook.

Corporate Sustainability Assessment

In preparation for the 2024 Sustainability Yearbook, S&P Global assessed the sustainability performance of a total of 9,400 companies from 62 different industries through the 2023 Corporate Sustainability Assessment (CSA). More than 174,000 documents and more than 16.5 million data points were observed in the analysis .

However, of all the companies analyzed, only those that are in the top 15% of their industry, achieved a minimum CSA score above 30 and are among the top 30% of companies in their sector have been recognized as members of the S&P Global ranking.

Commenting on the Sustainability Yearbook 2024, Douglas L. Peterson, Chairman and CEO of S&P Global, said: “Business leaders and long-term investors interested in measuring sustainability performance need skill and judgment, based on comprehensive, detailed and reliable data and insights. That’s exactly the transparency they get in this Yearbook.”

Distinctions for the Spanish companies includeed

In this 20th edition, thanks to their performance in environmental, social and governance matters, the companies included in the ranking have received up to 273 recognitions. These are distributed as follows: 66 ‘Top 1%’, 68 ‘Top 5%’, 98 ‘Top 10%’ and 41 Industry Movers.

The awards for the best performing entities in terms of sustainability, the ‘Top 1%’, are given to those that, within each industry, have obtained a minimum total score of 60 and are within the 1% of the score of the best performing company in its industry.

Those companies that achieved at least 57 points and are ranked between 1% and 5% of the best performing companies in their sector of activity are recognised as ‘Top 5%’ organisations. And ‘Top 10’ organisations are those that achieved at least 54 points and are ranked between 5% and 10% of the best performing companies in their industry.

Finally, the ‘Industry Mover’ award goes to companies that improved their CSA score by at least 5% and achieved the most pronounced growth in their sector. In this case, to be recognized in this category, companies must have been a member of the yearbook and have participated in the Corporate Sustainability Assessment in both 2024 and 2023.

Recognition of the Spanish companies in the private sector

Of the 273 total awards granted in this edition of the S&P Global Sustainability Yearbook, 16 have been given to Spanish companies that have stood out for their good work in ESG matters.

Two entities were recognised as ‘Top 1%’ (Indra and CEPSA), six were awarded the ‘Top 5%’ distinction (Acciona, BBVA, Iberdrola, Enagás, Endesa and Corporacion Acciona Energias Renovables), another six were included as ‘Top 10%’ (Santander, CaixaBank, Grifols, Naturgy, Redeia and Telefónica) and two were recognised as one of the 48 ‘Industry Movers’ (Grifols and Sacyr).

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