Environmental, Social and Governance

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  2022 2021 2020
Portfolio Renewable energy (MW) 2,121 2,044 1,551
Efficient natural gas (MW) 343 343 343
District heating (MWt) 55 55 -
Electric transmission lines (miles) 1,229 1,166 1,166
Water desalination (M ft3) 17.5 17.5 17.5
Number of assets 41 38 27
Targets Science-Based Target initiative (SBTi) approved target: Reduce Scope 1 and 2 GHG emissions per kWh of energy generated by 70% by 2035 from a 2020 base year(1) P P -
Maintain over 80% of Adjusted EBITDA generated from low-carbon footprint assets(2) P P P
Reduce Scope 3 GHG emissions per kWh of energy generated by 70% by 2035 from a 2020 base year P - -
Achieve Net Zero GHG emissions by 2040 P - -
Reduce non-GHG emissions per kWh of energy generated by 50% by 2035 from a 2020 base year P - -
Reduce water consumption per unit of energy generated (KWh) by 50% by 2035 from a 2020 base year P - -

Environmental Dimension

GHG Emissions Scope 1 (thousand tons of CO2e) 1,844 1,795 1,737
Scope 2 (thousand tons of CO2e) 249 237 199
Scope 3 (thousand tons of CO2e) 814 798 821
Total (thousand tons of CO2e) 2,907 2,830 2,757
Offset GHG Emissions (thousand tons of CO2e) 320 260 200
Scope 1 and 2 GHG Emissions / Generation (gCO2e / kWh) 168 185 188
CO2 emissions avoided(3) (million tons of CO2e) 6.9 5.9 5.4
Non-GHG Emissions Nitrogen oxide (NOx) (tons) 569.9 518.9 550.0
Sulfur dioxide (SO2) (tons) 0.9 1.0 0.6
Carbon monoxide (CO) (tons) 351.2 344.7 389.7
Water in Power Generation Water withdrawal (m3 per MWh) 1.42 1.58 1.56
Water Desalination Water discharges (m3 per MWh) 0.17 0.21 0.21
Water withdrawal (million cubic meters) 17.7 17.3 16.0
Water discharges (million cubic meters) 2.2 2.3 2.1
Water withdrawal (million cubic meters) 280.1 284.7 211.0
Water discharges (million cubic meters) 156.8 169.0 118.7
Waste Management Hazardous waste (tons) 1,908 2,664 2,679
Non-hazardous waste (tons) 23,142 22,238 20,532

Social Dimension

Health and Safety Total Recordable Frequency Index(4) 5.0 6.0 5.0
Lost Time Frequency Index(5) 2.9 2.3 1.4
Total Recordable Deviation Index (TRDI)(6) 1,198 1,540 1,2007
Employees Number of Employees 978 558 456
- Women 20% 25% 27%
- Men 80% 75% 73%
Women at management level 23% 23% 26%
Voluntary turnover by year-end 12.8% 11.0% 7.5%
Average annual training per employee (in hours) 29 37 33
Local Community Investments Investments mostly focused on certain regions of EMEA and South America 1.5 1.3 1.2
Human Rights Number of human rights incidents 0 0 0
Data Protection and Privacy Number of data protection and privacy incidents 0 0 0
Supply Chain Management External supplier evaluation as a percentage of total annual operating expenses ~45% >51% >51%

Governance Dimension

Governance Only one class of shares. No Special rights P P P
% of independent directors 66 63 63
Board committees only comprised of independent members P P P
Ethnic minorities at Board level 22 25 25
Women at Board level 22 25 25
Board committees chaired by women 50 50 50
ESG Reporting Global Reporting Initiative (GRI): Core Option P P P
Sustainability Accounting Standards Board (SASB) (utilities + solar) P P P
Task Force on Climate Change Financial Disclosure (TCFD) P P P

Rating Entities

Rating Entities CDP Climate Change(8) A A A
S&P CSA Global Sustainability Yearbook P P -
Sustainalytics ESG Risk Rating (Electric Utilities)(9) 3rd Percentile 3rd Percentile 1st Percentile
World’s 100 Most Sustainable Corporations P P P
Bloomberg Gender Equality Index (GEI) P P -
CDP Water Security B - -
GRESB Infrastructure Public Disclosure A - -
Terra Carta Seal P P -
         
Signatory to United Nations Global Compact (UNGC) P P P
Signatory to Women's Empowerment Principles P P P


(1) The target boundary includes steam generation.

(2) Low carbon footprint assets include 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. We consider electric and steam generation in the calculation.

(4) Total Recordable Frequency Index (TRFI) represents the total number of recordable accidents with and without leave (lost time injury) recorded in the last twelve months per one million worked hours.

(5) Lost Time Frequency Index (LTFI) represents the total number of recordable accidents with leave (lost time injury) recorded in the last twelve months per one million worked hours.

(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) We have revised 2020 figures to account for the final number of near-misses and unsafe acts and conditions.

(8) According to CDP Score Report – Climate Change 2022. For further information please see the report on our website.

(9) In February 2022, Sustainalytics updated Atlantica’s subindustry to Electric Utilities (versus Renewable Power Production in previous years).