United Nations Global Compact (UNGC)

Atlantica is a signatory to the UNGC, the world’s largest corporate sustainability initiative with more than 15,000 signatories in over 160 countries. The UNGC is an initiative that encourages companies and organizations worldwide to adopt sustainable and socially responsible policies. Participation in the UNGC is voluntary and those entities that sign it pledge to uphold and promote the principles and report on their progress once they apply them in their management.

Atlantica formally adopted the ten fundamental UNGC principles in the fields of human rights, labour, environment, and anti-corruption and made the UNGC and its principles an integral part of our strategy, culture, and day-to-day operations.

UN Global Compact. Principles of Human Rights, Labour Standars, Environment and AnticorruptionAtlantica is committed to aligning its actions to 7 of the 17 Sustainable Development Goals (SDG):
climate action; affordable and clean energy; clean water and sanitation; decent work and economic growth; gender equality; life on land; and industry, innovation, and infrastructure.

We have invested in three water desalination plants located in regions with limited access to fresh water. These plants have a capacity to filter 17.5 million cubic feet a day to provide drinking water for local communities.

In 2021, Atlantica generated purified seawater to meet the water needs of approximately 3 million people.

In 2021, our renewable sector accounted for 77% of our revenue, with solar energy representing 69%. We intend to continue to invest in additional clean energy assets to help increase the share of renewable energy in the global energy mix.

In 2021, we closed several acquisitions:

- Chile PV 2, a 40 MW PV plant,
- Coso, a 135 MW renewable asset in California,
- a 49% interest in Vento II, a 596 MW wind portfolio in the U.S.,
- Italy PV 1 and Italy PV 2, two solar PV plants in Italy with a combined capacity of 3.7 MW,
- La Sierpe, a 20 MW solar asset in Colombia.
- Italy PV 3, a 2.5 MW solar portfolio in Italy

We also acquired two additional solar projects in Colombia with a combined capacity of approximately 30 MW which are currently under construction, La Tolua and Tierra Linda.

We protect labour rights and are committed to promoting safe and secure working environments for all workers. We are committed to providing decent work for all women and men, young people and persons with disabilities and equal pay for work of equal value.

In 2021, we continued reinforcing our health and safety measures to minimize the effects of the COVID-19 outbreak. We continued to operate our assets and provide a reliable service to all our clients, with no disruptions to availability or production because of COVID-19.

Our key health and safety indicators met 2021 targets and remained below sector average in all our geographies. In 2021, the Board also approved a new Human Rights Policy to formalize our long-term commitment to uphold and respect human rights.

Our activity has a positive impact on mitigating climate change. We are committed to the reduction of CO2 emissions by investing in renewable energy assets.

In 2021, we announced an ambitious greenhouse gas emissions (GHG) reduction objective approved by the Science Based Targets initiative (SBTi). Atlantica targets to reduce Scope 1 and 2 GHG emissions per kWh of electricity produced by 70% by 2035 from a 2020 base year. This objective is particularly ambitious for a company like Atlantica, where approximately 77% of the business consists of renewable energy production, an activity which already has a very low rate of emissions per unit of energy produced.

In addition, we have a goal to maintain over 80% of our adjusted EBITDA generated from low carbon footprint assets including renewable energy, storage, transmission infrastructure and water assets.

In 2021, we helped avoid up to 5.9 million tons of equivalent CO2 compared to a 100% fossil fuel-based generation plant.

We promote equal opportunities for our employees and stakeholders.

Atlantica stands for greater equality for women. We work to ensure that men and women are treated equally and have the same work opportunities.

Women and minority ethnicities represent 25% of Atlantica’s Board of Directors. Also, in 2021 we increased the percentage of women at management level by 1% compared to 2020.

Considering that our company operates in a sector that has historically employed a majority of men, we are working on promoting a greater presence of women and ensuring women develop with the same opportunities as men.

As part of Atlantica's continuing commitment to gender equality, in early 2022 we were included for the 2nd consecutive year in the Bloomberg Gender-Equality (GEI) Index. We are one of 418 companies committed to nurturing an equal and inclusive culture in the workplace.

We work to protect flora and fauna in and around our assets and have a “no net loss” commitment or “net positive impact” on biodiversity conservation in the areas where we operate.

In 2021, our Board updated the Biodiversity Policy to include our commitment to minimize deforestation in our operational activities, to select suppliers taking into consideration the biodiversity impact of their product or service, and to include policy applicability, the responsibility of enforcement and communication channels.

In 2021, we continued to monitor (i) the impact of spinning blades on local species of birds at our three wind farms in Uruguay, and (ii) protected animals at Mojave, one of our U.S. assets. In addition, we continued to deliver on our reforestation program in Spain and carried out a reforestation program at our water desalination assets.

Infrastructure is a key driver of economic growth and social value creation.

Economic development depends on reliable infrastructure and sustainable infrastructure can help lift communities out of poverty. With our assets, we produce, and transport electricity and we provide drinking water to local communities. Our solar asset in South Africa contributes to providing clean electricity in a country that requires additional power capacity. In South America, our transmission lines help transport electricity to remote areas.

In addition, we foster communities’ economic prosperity through local purchasing and by hiring local employees. In 2021, we invested in renewable energy infrastructure in the U.S., Chile, Colombia, and Italy. We also invested in a district heating asset in Canada.

Ensuring reliability in our sustainable infrastructure is also key. In 2021 we continued to invest in monitoring and predictive capabilities to improve the performance of our assets and avoid outages. We have monthly KPIs in place for operation and maintenance and overall plant performance. We perform annual audits of our assets to ensure compliance with our best practices and to promote continuous improvement.