ELECTRICITY FOR ALL
(
Private sector
)
#SDGAction43264
Description
a) Financing projects through investment in capital: Project financing through capital investment.
The “Iberdrola International Start-ups Program - PERSEO” covers a wide range of projects, including technological investments with other financing programs aimed at suppliers or business projects with a high social component. Iberdrola has invested in the companies Sunfunder and Iluméxico in the framework of the PERSEO and "Electricity for all" programs. These are investments with a high social component (“impact investing”).
b) Activities carried out by the businesses in the countries where Iberdrola has a presence: In this line of action, the activities of high social impact carried out by Iberdrola's businesses in its operation are valued. This is the case of the “Luz para todos” Program, developed in Brazil. Iberdrola, together with the Government of Brazil, joined this pioneering and decisive proposal aimed at the rural electrification of the Latin American country. Specifically, the company has carried out projects for more than 200 million euros to “Luz para todos” since its inception in 2004, through the distribution companies in northeast Brazil and its clients in rural areas and their clients with low rent.
c) Development of projects with a high social component, through NGOs and corporate volunteering.These activities are carried out through collaboration with NGOs, the Iberdrola Foundation, Multiactor Alliances (another area in which Iberdrola is also a pioneer), and the International Corporate Volunteering Program.
From the launch of the Electricity for all program in January 2014, we have contributed to more than 5,400,000 people benefiting from access to electricity through projects carried out in different countries in Latin America and Africa. Electricity for all aims to reach 16M of beneficiaries in 2030.
Iberdrola has successfully closed in March 2019 the signing of a new multi-currency syndicated loan for 1,500 million euros and linked to sustainability criteria, within the current financing strategy of the group. Specifically, it is the first financing operation linked to item 7 of the SDGs: Affordable and non-polluting energy. In this way, the signed credit becomes the first of the company linked to universal criteria for access to energy. The credit is linked to the fulfillment of two indicators, linked to SDG 7.1, and 7.2. This operation is aligned with the objectives achieved with the “Electricity for all” program, including Iberdrola's commitments to increase the number of electricity beneficiaries.
Some electrification benefits:
• Reduction of energy expenditure of families
• Energy used for productive uses generates income
• Projects of this type generate employment in the communities
• Electricity leads to changes in lifestyle and makes household chores easier
• Electric light makes it easier for children to study at night
• Electricity increases women's access to information through television or other media
• Energy services entail training opportunities for men and women
• Reduction of exposure to pollution due to kerosene lamps
• Possibility of boiling water, making it suitable for consumption
• Possibility of refrigerating vaccines
• Illumination of medical centers
• Reduction of greenhouse gas emissions with respect to the use of kerosene lamps
• Projects that involve communities encourage them to work together to achieve common development goals
• Electricity makes it possible for communities to benefit from new technologies, particularly those that concern information or communications
• Energy access programs facilitate other development projects
SDGS & Targets
Goal 7
Ensure access to affordable, reliable, sustainable and modern energy for all
7.1
By 2030, ensure universal access to affordable, reliable and modern energy services
7.1.1
Proportion of population with access to electricity
7.1.2
Proportion of population with primary reliance on clean fuels and technology
7.2
7.2.1
Renewable energy share in the total final energy consumption
7.3
7.3.1
Energy intensity measured in terms of primary energy and GDP
7.a
7.a.1
International financial flows to developing countries in support of clean energy research and development and renewable energy production, including in hybrid systems
7.b
By 2030, expand infrastructure and upgrade technology for supplying modern and sustainable energy services for all in developing countries, in particular least developed countries, small island developing States, and land-locked developing countries, in accordance with their respective programmes of support
7.b.1
Installed renewable energy-generating capacity in developing and developed countries (in watts per capita)
Goal 17
Strengthen the means of implementation and revitalize the Global Partnership for Sustainable Development
17.1
Strengthen domestic resource mobilization, including through international support to developing countries, to improve domestic capacity for tax and other revenue collection
17.1.1
17.1.2
17.2
Developed countries to implement fully their official development assistance commitments, including the commitment by many developed countries to achieve the target of 0.7 per cent of ODA/GNI to developing countries and 0.15 to 0.20 per cent of ODA/GNI to least developed countries; ODA providers are encouraged to consider setting a target to provide at least 0.20 per cent of ODA/GNI to least developed countries
17.2.1
17.3
Mobilize additional financial resources for developing countries from multiple sources
17.3.1
Additional financial resources mobilized for developing countries from multiple sources
17.3.2
17.4
Assist developing countries in attaining long-term debt sustainability through coordinated policies aimed at fostering debt financing, debt relief and debt restructuring, as appropriate, and address the external debt of highly indebted poor countries to reduce debt distress
17.4.1
17.5
Adopt and implement investment promotion regimes for least developed countries
17.5.1
Number of countries that adopt and implement investment promotion regimes for developing countries, including the least developed countries
17.6
Enhance North-South, South-South and triangular regional and international cooperation on and access to science, technology and innovation and enhance knowledge sharing on mutually agreed terms, including through improved coordination among existing mechanisms, in particular at the United Nations level, and through a global technology facilitation mechanism
17.6.1
Fixed broadband subscriptions per 100 inhabitants, by speed
17.7
Promote the development, transfer, dissemination and diffusion of environmentally sound technologies to developing countries on favourable terms, including on concessional and preferential terms, as mutually agreed
17.7.1
Total amount of funding for developing countries to promote the development, transfer, dissemination and diffusion of environmentally sound technologies
17.8
Fully operationalize the technology bank and science, technology and innovation capacity-building mechanism for least developed countries by 2017 and enhance the use of enabling technology, in particular information and communications technology
17.8.1
17.9
Enhance international support for implementing effective and targeted capacity-building in developing countries to support national plans to implement all the Sustainable Development Goals, including through North-South, South-South and triangular cooperation
17.9.1
Dollar value of financial and technical assistance (including through North-South, South‑South and triangular cooperation) committed to developing countries
17.10
Promote a universal, rules-based, open, non-discriminatory and equitable multilateral trading system under the World Trade Organization, including through the conclusion of negotiations under its Doha Development Agenda
17.10.1
17.11
Significantly increase the exports of developing countries, in particular with a view to doubling the least developed countries’ share of global exports by 2020
17.11.1
Developing countries’ and least developed countries’ share of global exports
17.12
Realize timely implementation of duty-free and quota-free market access on a lasting basis for all least developed countries, consistent with World Trade Organization decisions, including by ensuring that preferential rules of origin applicable to imports from least developed countries are transparent and simple, and contribute to facilitating market access
17.12.1
Weighted average tariffs faced by developing countries, least developed countries and small island developing States
17.13
Enhance global macroeconomic stability, including through policy coordination and policy coherence
17.13.1
17.14
Enhance policy coherence for sustainable development
17.14.1
17.15
Respect each country’s policy space and leadership to establish and implement policies for poverty eradication and sustainable development
17.15.1
17.16
Enhance the Global Partnership for Sustainable Development, complemented by multi-stakeholder partnerships that mobilize and share knowledge, expertise, technology and financial resources, to support the achievement of the Sustainable Development Goals in all countries, in particular developing countries
17.16.1
Number of countries reporting progress in multi-stakeholder development effectiveness monitoring frameworks that support the achievement of the Sustainable Development Goals
17.17
Encourage and promote effective public, public-private and civil society partnerships, building on the experience and resourcing strategies of partnerships
17.17.1
Amount in United States dollars committed to public-private partnerships for infrastructure
17.18
By 2020, enhance capacity-building support to developing countries, including for least developed countries and small island developing States, to increase significantly the availability of high-quality, timely and reliable data disaggregated by income, gender, age, race, ethnicity, migratory status, disability, geographic location and other characteristics relevant in national contexts
17.18.1
Statistical capacity indicators
17.18.2
17.18.3
Number of countries with a national statistical plan that is fully funded and under implementation, by source of funding
17.19
By 2030, build on existing initiatives to develop measurements of progress on sustainable development that complement gross domestic product, and support statistical capacity-building in developing countries
17.19.1
17.19.2
Proportion of countries that (a) have conducted at least one population and housing census in the last 10 years; and (b) have achieved 100 per cent birth registration and 80 per cent death registration
SDG 14 targets covered
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Deliverables & Timeline
Resources mobilized
Partnership Progress
Feedback
Action Network
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Timeline
Entity
Region
- Africa
- Global
- Latin America and the Caribbean
Geographical coverage
Other beneficiaries
More information
Countries
Contact Information
AGUSTIN DELGADO, VP, CHIEF SUSTAINABILITY OFFICER