Ignacio Galán defends the double value of the company: for society and for shareholders

  • The Chairman of Iberdrola, in front of more than 500 professionals at the GSG Global Summit in Malaga, gives the example of the company’s social dividend as a transforming force.
  • This forum is the most important event on the global impact investment calendar, attended by 1,000 professionals from 60 countries, and aims to have a positive impact on people and the prosperity of society.

The Executive Chairman of Iberdrola, Ignacio Galán, was the star of the GSG Global Impact Summit, where he defended the double value of the company to more than 500 professionals, for society and for shareholders. The event, held at the Palacio de Ferias y Congresos de Málaga, is one of the main business impact events that brings together professionals and leaders from the world of finance, business, politics and civil society.

“The concept of social dividend has been included in our bylaws since 2017 and obliges us as much as the financial dividend,” he assured, highlighting the importance for Iberdrola of the positive impact of the entity on society.

All this, he specified, “has been compatible with a return of 800% for shareholders since 2001” which has led the company to be recognized by the most prestigious international institutions without even being the subject of study such as at the Harvard University Business School.

In this edition, the GSG Global Impact Summit had three central ideas: mobilizing capital for people and the planet; achieving full transparency in impact measurement; and creating impact economies.

‘Global Steering Group for Impact Investment’ (GSG) is an independent global organization that catalyzes impact investing and entrepreneurship for the benefit of people and planet. The GSG was born in August 2015 within the framework of the G8. The organization is chaired by Sir Ronald Cohen and currently counts 35 countries plus the European Union as members. 

In addition, it has participated in the organization of the SpainNAB event, Impact Investment Advisory Board. This is an association made up of 28 individuals and organizations that are leaders in impact investment in the financial, business and social spheres. This organization represents Spain before the GSG. The event was attended by more than 500 professionals.

Iberdrola makes an annual fiscal contribution of more than 7,500 million euros and is the private electricity company that invests the most in R&D worldwide, close to 400 million euros a year, according to the European Commission. In addition, it has accredited CO2 emissions of 60 grams per kWh, 75% less than its competitors, and its workforce includes people of up to 90 nationalities.

Source link: https://www.iberdrola.com/

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