Iberdrola, S.A.

Unverified
Country
XX
Sector
Utilities
Website
www.spglobal.com
3 Second Party Opinions
2 Impact Reports
2 EU GBS Reviews
1 Framework

Documents (8)

Impact Report Framework Second Party Opinion EU GBS Review
XFID Type Title Year Source Retrieved
XF-CG047Y5-W Impact Report Iberdrola - IMPACT 2023 www.iberdrola.com 31 Mar 2026
XF-OP3X8R5-4 Impact Report Iberdrola - IMPACT 2024 www.iberdrola.com 31 Mar 2026
XF-I5ICTDJ-4 Framework Iberdrola - FRAMEWORK 2024 www.iberdrola.com 31 Mar 2026
XF-L8ZNRPA-X Second Party Opinion Iberdrola - SPO 2025 www.iberdrola.com 31 Mar 2026
XF-2J18F5V-3 Second Party Opinion SECOND PARTY OPINION1 ON THE SUSTAINABILITY OF IBERDROLA’S GREEN HYBRID BOND2 2018 www.moodys.com 30 Mar 2026
XF-QF3145T-N EU GBS Review Update: European Green Bond Pre-Issuance Review: Iberdrola EuGB-Specific Factsheet 2025 www.spglobal.com 25 Feb 2026
XF-G7T8703-8 EU GBS Review Update: European Green Bond Pre-Issuance Review Iberdrola: EuGB Specific Factsheet (May 16) 2025 www.spglobal.com 25 Feb 2026
XF-DODU1ON-R Second Party Opinion Second Party Opinion: Iberdrola European Green Bond Factsheet 2025 www.spglobal.com 25 Feb 2026

XF Company Profile

Extra-financial information found across 8 documents in the XframeworkID registry

NACE D Electricity, Gas & Steam Supply

Information extracted from documents in the registry. Values are as disclosed; this is not an assessment or rating. Last updated 2 Jun 2026.

Issuer Identity & Structure

Issuer name and country/jurisdiction
Iberdrola, S.A., Spain FRAMEWORK 2024 2023
Issuer sector/industry classification
Electricity, Gas & Steam Supply; Utilities (generation) EUGBS_REVIEW 2025 2025
Issuer type
Utility EUGBS_REVIEW 2025 2025
Core business activities
Energy transition; renewable energy development; electricity generation and distribution; grid modernization; energy storage; digitisation FRAMEWORK 2024 2023

Corporate Strategy & Mission

Corporate purpose statement relating to sustainability
To continue building together each day a healthier, more accessible energy model, based on electricity FRAMEWORK 2024 2023
Corporate mission and sustainability strategy
Committed to an energy model prioritizing well-being of people and preservation of the planet; focus on cleaner energy, storage capacity, backup power, smarter grids, and digitisation FRAMEWORK 2024 2023
Sustainability strategy pillars and focus areas
Energy transition; climate change mitigation; electrification of global economy; decarbonized generation mix; emissions reduction; protection of environment; sustainable development FRAMEWORK 2024 2023
Historical investment in energy transition
More than 140 billion euros invested in energy transition since 2000 FRAMEWORK 2024 2023

Green / Sustainable Finance Framework

Sustainable bond framework name and version
Framework for Green Financing dated December 2023 SPO 2025 2023
Framework publication date and update history
December 2023 FRAMEWORK 2024 2023
Bond types covered under framework
Green bonds, Green hybrid bonds SPO 2018 2018
Eligible use-of-proceeds categories
Renewable energy capacity, electricity grid modernization, energy storage, backup power, digitisation FRAMEWORK 2024 2023
Project evaluation and selection process description
Framework includes project evaluation and selection process described in core components FRAMEWORK 2024 2023
Management of proceeds approach
Framework includes management of proceeds process with reporting commitments FRAMEWORK 2024 2023
Reporting commitments under framework
Annual reporting on environmental impacts and proceeds allocation until bond maturity; reporting indicators defined in Annex 3 EUGBS_REVIEW 2025 2025
Principles and general guidelines reference
Framework includes principles and general guidelines as core component FRAMEWORK 2024 2023
Sustainable Development Policy reference
Iberdrola's Sustainable Development Policy included in framework annexes FRAMEWORK 2024 2023

Standards & Regulatory Alignment

Alignment with ICMA Green Bond Principles
Aligned with Green Bond Principles, ICMA, 2021 (with June 2022 Appendix 1) EUGBS_REVIEW 2025 2025
Alignment with EU Taxonomy for sustainable activities
Activities correspond to long-term vision of a low-carbon climate resilient future; Dark green classification EUGBS_REVIEW 2025 2025

External Review & Verification

Second Party Opinion (SPO) provider name and assessment date
S&P Global Ratings, May 7, 2025 EUGBS_REVIEW 2025 2025
SPO provider name and assessment date (Moody's)
Moody's, December 19, 2023 SPO 2025 2023
SPO provider name and assessment date (Vigeo Eiris)
Vigeo Eiris, June 2018 SPO 2018 2018
SPO assessment scope and methodology
Environmental, Social and Governance (ESG) performance assessment; alignment with Green Bond Principles voluntary guidelines; issuer sustainability profile evaluation SPO 2018 2018
SPO preliminary evaluation or credibility rating
SQS1 sustainability quality score (excellent); Dark green shade classification SPO 2025 2023

Sustainability & Climate Commitments

Net zero target year
Aligned with Paris Agreement goal to limit global temperature increase to 1.5°C; Science Based Targets initiative (SBTi) verified targets FRAMEWORK 2024 2023

Proceeds Allocation & Reporting

Cumulative disbursed amount
36,758 million euros (as of end 2024); 33,071 million euros (as of end 2023) IMPACT 2024 2024

Issuance Details

First green financing transaction
2014 - first green bond issued IMPACT 2024 2024

Changes Over Time

Items where disclosed information changed across documents.

Second Party Opinion (SPO) provider name and assessment date
2018 Vigeo Eiris, February 20 - March 5, 2018 →
2025 S&P Global Ratings, May 7, 2025
Bond instrument type
2018 Green Perpetual Capital Securities (Green Hybrid Bond) →
2025 European Green Bond (EuGB)
Alignment with ICMA Green Bond Principles
2018 Aligned with Green Bond Principles voluntary guidelines →
2024 Referenced through core components including use of proceeds, project evaluation and selection, management of proceeds, and reporting →
2025 Aligned with Green Bond Principles, ICMA, 2021 (with June 2022 Appendix 1)
SPO assessment scope and methodology
2018 ESG assessment methodology covering Issuer ESG performance, ESG controversies management, Framework coherence analysis, and Eligible Project evaluation →
2025 Opinion on whether the documentation of sustainable finance instrument aligns with third-party published sustainable finance principles and assessment of how issuer's most material sustainability factors are addressed by the financing
SPO preliminary evaluation or credibility rating
2018 Green Hybrid Bond with positive contribution to sustainable development →
2025 Dark green - Activities that correspond to the long-term vision of a low-carbon climate resilient future
Cumulative disbursed amount
2023 €33,071 million (cumulative through end of 2023) →
2024 36,758 million euros (total green financing as of end of 2024)
Allocated funds amount and currency
2023 €7,343 million →
2024 7,796 million euros (2024 transactions)
Reporting commitments under framework
2023 Annual reporting on green transactions and their beneficial environmental impact →
2024 Annual reporting on list of green transactions and their environmental return →
2025 Annual post-issuance impact reports provided annually until maturity date of the European Green Bond
Management of proceeds approach
2023 Use of proceeds approach - proceeds directed to environmentally beneficial projects →
2024 Use of proceeds approach - proceeds directed to finance projects beneficial for the environment
Corporate mission and sustainability strategy
2023 Commitment to finance projects beneficial for the environment through green financing transactions →
2024 Committed to energy model prioritizing well-being of people and preservation of planet; developing sustainable solutions for electrification including cleaner energy, storage capacity, backup power, smart grids, and digitization