Environmental, Social and Governance

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  2021 2020 2019 2018
Portfolio Renewable energy (MW) 2,044 1,551 1,496 1,496
Efficient natural gas (MW) 343 343 343 300
District heating (MWt) 55 - - -
Electric transmission lines (miles) 1,166 1,166 1,166 1,152
Water desalination (M ft3) 17.5 17.5 10.5 10.5
Number of assets 38 27 25 24
Targets GHG reduction objective approved by the Science Based Target initiative (SBTi)(1) P - - -
Maintain over 80% of Adjusted EBITDA generated from low-carbon footprint assets(2) P P P P

Environmental Dimension

GHG Emissions Scope 1 (thousand tons of CO2e) 1,795 1,737 1,533 1,811
Scope 2 (thousand tons of CO2e) 237 199 123 145
Scope 3 (thousand tons of CO2e) 800 821 719 793
Total (thousand tons of CO2e) 2,832 2,757 2,376 2,749
Scope 1 and 2 GHG Emissions / Generation (gCO2 / kWh) 191 188 185 203
CO2 emissions avoided(3) (million tons of CO2) 5.7 5.4 4.7 5.0
Externally verified GHG emissions (scopes 1, 2 and 3) 100% 100% 68% 66%
Non-GHG Emissions Nitrogen oxide (NOx) (tons) 526 550 366 402
Sulfur dioxide (SO2) (tons) 0.64 0.63 0.70 1.30
Carbon monoxide (CO) (tons) 342 397 323 368
Water in Power Generation Water withdrawal (m3 per MWh) 1.63 1.56 1.71 1.61
Water discharges (m3 per MWh) 0.22 0.21 0.21 0.21
Water withdrawal (million cubic meters) 17.3 16.0 15.3 15.5
Water discharges (million cubic meters) 2.3 2.2 1.8 2.0
Water Desalination Withdrawal (million cubic meters) 402 330 229 220
Discharges (million cubic meters) 235 186 128 120
Waste Management Hazardous waste (tons of waste) 2,649 2,482 10,618 2,483
Non-hazardous waste (tons of waste) 21,868 20,532 19,836 21,769

Social Dimension

Health and Safety General Frequency Index (GFI)(4) 6.0 5.0 6.0 7.7
Frequency with Leave Index (FWLI)(5) 2.3 1.4 1.4 2.3
Total Recordable Deviation Index (TRDI)(6) 1,519 1,197 1,178 458
Employees Number of Employees 558 456 425 217
- Women 24% 27% 26% 25%(7)
- Men 76% 73% 74% 75%(7)
Women at management level 25% 24% 21% -
Voluntary turnover by year-end 10.4% 7.2% 8.0% 5.5%
Average annual training (in hours) 80 34 49 75
Local Community Investments Investments mostly focused on certain regions of EMEA and South America Focused on mitigating COVID-19 pandemic consequences Focused on improving community infrastructure and education
Supply Chain Management External verification >51% >51% >51% -

Governance Dimension

Governance Only one class of shares. No Special rights P P P P
% of independent directors 63% 63% 63% 63%
Board committees only comprised of independent members P P - -
Ethnic minorities at Board level 25% 25% - -
Women at Board level 25% 25% - -
Board committees chaired by women 50% 50% - -
ESG Reporting Global Reporting Initiative (GRI): Core Option P P - -
Sustainability Accounting Standards Board (SASB) P P P P
Task Force on Climate Change Financial Disclosure (TCFD)(8) P P P P

Rating Entities

Rating Entities CDP(9) A A- B B-
S&P CSA Global Sustainability Yearbook P - - -
Sustainalytics ESG Risk Rating(10) (Sector Utility) 3rd Percentile 1st Percentile 1st Percentile 1st Percentile
World’s 100 Most Sustainable Corporations P P - -
Terra Carta Seal P n.a. n.a. n.a.
Bloomberg Gender Equality Index (GEI) P P - -
           
Signatory to United Nations Global Compact (UNGC) P P P P
Signatory to Women's Empowerment Principles P P - -

Note: in 2021 we closed the acquisition of Rioglass, a supplier of spare parts and services in the solar industry. Since we are still in the integration process for this subsidiary, we do not have reliable and comparable information on this subsidiary and as a result we have decided to exclude Rioglass in the table above.

(1) Reduce our scope 1 and scope 2 GHG emissions per unit of energy generated by 70% by 2035, with 2020 as base year. The target boundary includes steam generation.

(2) Low-carbon footprint assets including renewable energy, storage, transmission infrastructure and water assets.

(3) We base our avoided emissions calculations on the “Greenhouse Gas Equivalencies Calculator” and the Avoided Emissions and Generation Tool (AVERT) U.S. national weighted average CO2 marginal emission rate, to convert reductions of kilowatt-hours into avoided units of CO2

(4) General Frequency Index (GFI) represents the total number of recordable accidents with and without lost time recorded in the last 12 months per million hours worked.

(5) Frequency with Leave Index (FWLI) represents the total number of lost-time accidents recorded in the last 12 months per million hours worked.

(6) Total Recordable Deviation Index (TRDI) represents the number of near-misses and unsafe acts and conditions recorded in the last 12 months per million hours worked.

(7) Proforma 2018 for comparative purposes. This includes the number of employees from the U.S. operation and maintenance activities that were internalized in 2019.

(8) We plan to disclose 2021 TCFD-related data in our 2021 ESG Report, expected to be published during the first semester of 2022.

(9) According to CDP Score Report – Climate Change 2021. For further information please see the report on our website.

(10) In February 2022, Sustainalytics updated Atlantica’s subindustry to Electric Utilities (versus Renewable Power Production in previous years). For further information please see Sustainalytics ESG Risk Rating Summary Report on our website.