REIMAGINING

THE FUTURE
IMPACTS REPORT
2024
Index
ABOUT
THIS REPORT · 4

01

BUSINESS AS UNUSUAL · 6

02

SUSTAINABILITY STRATEGY · 12

PEOPLE AT THE CENTER · 18
Focus on people: values that guide the way · 18
Generating value for communities · 23
Quality and excellence · 24

POSITIVE PLANET · 26
Climate strategy · 26
Water resilience · 36
Preservation of biodiversity and ecosystems · 38
Radical circularity · 39

EXPONENTIAL LEADERSHIP · 40
Strategic lines of innovation · 40
Pioneers in strategic sectors · 43

INTEGRATE TO TRANSFORM · 46
Sustainable difference in every project · 46
Regenerative ecosystems · 48
Leaders in sustainable markets · 48

03

GOVERNANCE · 52
Sustainability governance · 54
Social safeguards in the value chain · 56
Dual materiality analysis · 60

04

ATLAS: TOWARD GRANULAR
REPORTING BY PROJECT · 64
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ABOUT THIS REPORT

This 2024 impact report summarizes our
progress against the commitments in the
2020-2025 Sustainability Master Plan. It presents key
data and initiatives that reflect our determination
and commitment to generating a tangible positive
impact. The data details are described in ACCIONA’s
494-page Sustainability Report 2024.

“Reimagining” in this report means going further

in the design of each solution, ensuring that each
initiative not only fulfills its purpose but positively
transforms the lives of people and their environment.
The 2024 Sustainability Report has been conducted in
all material respects per the European Sustainability
Reporting Directive (CSRD), including the dual
materiality exercise, summarized in the Governance
section of this document. Key data on the impact of
our operations is organized in this report according
to the pillars of our sustainability strategy: People at
the Center, Positive Planet, Exponential Leadership,
and Integrate to Transform. For information on all
indicators, please refer to the Sustainability Report,
which our financial auditor externally verifies.

In addition, we are taking another step forward in

our sustainability strategy by introducing ATLAS, our
new reporting platform. ATLAS allows us to visualize
the local and global impact of our projects. With this
tool, we reimagine the boundaries of how we report
our impacts, ensuring a strategic and accessible view
for all our stakeholders. You can consult ATLAS at the
following link: www.https://atlas.acciona.com/

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01
ACCIONA IMPACTS REPORT 2024

BUSINESS
AS UNUSUAL

7
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BUSINESS AS UNUSUAL ACCIONA’s solutions

A company with purpose
ACCIONA DESIGNS, BUILDS, OPERATES, AND FINANCES ACCIONA is one of the leading Spanish companies listed on the IBEX-35. Anticipating the
SUSTAINABLE INFRASTRUCTURES THAT CONTRIBUTE challenges of each era and adapting to the particularities of each region, the company
has diversified its activities into strategic sectors for sustainable transformation: energy,
TO ACCELERATE THE TRANSITION TO REGENERATIVE
transportation, water management, urban mobility, real estate development, financial services,
BUSINESS MODELS and the promotion of culture, among others.

We design sustainable solutions simply because they are better: more efficient, cleaner, safer,
ACCIONA operates in over 40 countries, delivering solutions that optimize resource use and and with added value for clients, investors, and local communities.
create positive impacts on communities and the environment. Guided by its “business as unusual”
philosophy, the company embeds environmental, social, and governance (ESG) principles into every
project.

The company offers solutions in the following areas:

In 2024, ACCIONA reinforced its leadership in key sectors such as renewable energy, water
management, transport infrastructure, and urban mobility. With revenues of €19.19 billion, it has
firmly established itself as a global leader in sustainability.

ACCIONA’s sustainability strategy is built on a regenerative impact model that reduces the adverse
effects of its operations and actively generates long-term environmental and social value. Each
project focuses on energy efficiency, circularity, and climate resilience, ensuring sustainable growth
aligned with the United Nations Sustainable Development Goals (SDGs).
▶ ENERGY ▶ WATER ▶ SOCIAL
Owns and operates renewable Designs, builds, and operates Develops infrastructure solutions
energy assets (onshore drinking water treatment plants, in healthcare, education, and
wind, photovoltaic, biomass, wastewater treatment plants, culture, as well as for the
hydroelectric, storage, solar tertiary processes for reuse, and preservation and cleaning of the
thermal, and renewable energy reverse osmosis desalination plants. natural environment.
technology manufacturing).

▶ TRANSPORTATION ▶ CITIES ▶ REAL ESTATE

Builds and operates infrastructure Addresses various urban challenges ACCIONA focuses on
for transporting passengers and such as waste management, electric developing and managing
goods (roads, bridges, railways, and shared mobility, revitalization real estate complexes.
and tunnels). of urban spaces, and expansion of
green areas.

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ACCIONA in the world

▶ With a presence in more than 40 countries
around the world

11
1 Spain
2 Portugal 15 5 9
3 Andorra 8
4 12 10
4 France 13
5 United Kingdom 3 7
2 1 6
6 Italy
7 Croatia 14
28
8 Germany 29
34
9 Poland 30
33 35
10 Ukraine 39
16 36 37
11 Norway 17
12 Hungary 38
18 40
13 Romania 20 21
19
14 USA 31
15 Canada 22
16 Mexico
17 Dominican Republic 24
18 Nicaragua Energy 23
19 Costa Rica 41
20 Panama Other 25
21 Trinidad and Tobago 32
Real Estate
22 Ecuador
27
23 Peru Water 26 Business areas in each country
24 Brazil 42
25 Paraguay Concessions
26 Chile 6 5 4 3 2 1
27 Argentina Construction

28 Morocco
29 Algeria
30 Egypt
31 Kenya
32

33
South Africa

Saudi Arabia
Key metrics
2024
1,190 950,000
34 Qatar hm3 OF m2 OF SOCIAL INFRASTRUCTURE
UAE (United Arab WATER TREATED DEVELOPED OVER THE PAST 14 YEARS
35
Emirates)

26,708 over 6,000 14.4

36 Oman
37 India
38 Vietnam
39 Hong Kong GWh OF ENERGY PRODUCED KM OF ROADS HAVE BEEN BUILT MILLION TONS OF CO2 EMISSIONS AVOIDED
40 Philippines
ACROSS MORE THAN 25 COUNTRIES THROUGH RENEWABLE ENERGY GENERATION
41 Australia
42 New Zealand

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02
ACCIONA IMPACTS REPORT 2024

SUSTAINABILITY
STRATEGY
PEOPLE AT THE CENTER
POSITIVE PLANET
EXPONENTIAL LEADERSHIP
INTEGRATE TO TRANSFORM

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People at Positive Exponential Integrate to

the center planet leadership transform

WE DESIGN TODAY’S
▶ AREAS OF THE PILLARS
INFRASTRUCTURE WITH
THE FUTURE IN MIND Climate Leadership

Our 2025 Sustainability Master Plan (SMP) aims to position us as a recognized

(W
leader in infrastructure solutions that provide added value for people and

En Enviro
ork
Bio

viro
sity
er
the planet, in short, regenerative infrastructure. Each of the four pillars of the

dive
Wat

Diver

nmenment)
SMP 2025 includes several areas of action and a defined path to generate a

rsity

n
regenerative impact by the end of the established period. These pillars are: POSITIVE PEOPLE AT

t
PLANET THE CENTER

s
Re

ht
og

Ci
ul

r ig
nit

c
rc
ar o
it y io n
s st
A cc e

Imp
n ac
tio tF
ova
n

ina
In

nc
ing

erentiation
EXPONENTIAL INTEGRATE TO

S o lutio n - O r
LEADERSHIP TRANSFORM

Gover

approa
y
renc

Diff
nan

spa

ch
ie n

le
ce

te
n

ab
Tra

ai n
st
Su
Lo c a
A u t h e n ti c i t y l E c o s y s te m s

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People at Positive Exponential Integrate to

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PEOPLE POSITIVE EXPONENTIAL INTEGRATE

AT THE CENTER PLANET LEADERSHIP TO TRANSFORM

The company strengthens its identity to attract and This means driving sustainable projects based on ACCIONA maintains its leadership thanks to the The company tackles global challenges holistically,
retain talent, promoting inclusion and quality of life. It decarbonization, water and ecosystem conservation, commitment of its team and governing bodies. It focusing on four key areas. It designs infrastructure
fosters leadership to drive impact, encourages diversity and resource efficiency for ACCIONA. It also involves promotes authenticity through shared values and to solve problems such as climate change and
to boost resilience and competitiveness, enhances leading the transition toward a low-carbon economy, purpose, drives transformational innovation with urbanization, incorporates unique sustainable elements
recognition systems to value effort, and creates a safe protecting and restoring biodiversity, promoting regenerative impact, ensures governance committed into every project, strengthens partnerships to expand
work environment aligned with its core values. circularity to minimize waste, and optimizing water to sustainability, and guarantees transparency through regenerative capacity, and promotes sustainable
supply and usage through advanced technologies. open management and constant scrutiny. financing to maximize positive impact.

▶ By 2025, we are committed to: ▶ By 2025, we are committed to: ▶ By 2025, we are committed to: ▶ By 2025, we are committed to:
▶ Strengthening leadership through a ▶ Following the SBTi decarbonization pathway by reducing ▶ Maintaining our status as a leading ▶ Continuing to integrate the regenerative approach
comprehensive program that enhances key Scope 1 and 2 emissions by 37% compared to the company to work for globally through both into projects across at least three business areas.
competencies and promotes a development- 2017 baseline. Reaching or exceeding 90% of CapEx internal and external recognition.
oriented culture aligned with the business. aligned with eligible activities at the company level. ▶ Increasing the awarding of projects that
▶ Integrating the regenerative approach by default include it as a differentiating factor.
▶ Intensifying efforts to eliminate the gender ▶ Developing the Biodiversity Action Plan (Transition in the development of innovation projects.
pay gap, expand 50:50 gender equity projects, Plan toward Net Gain). Reaching the goal of 1 million ▶ Reaching 100,000 hours of volunteering
and achieve 5% of employees with disabilities additional trees planted between 2021 and 2025. ▶ Consolidating gender parity on the Board (2021–2025) and doubling the number of
in Spain and 2% in key countries. of Directors and increasing the number of households benefiting from basic services.
▶ Using 22% renewable and recycled resources ESG-related topics addressed annually by
▶ Promoting talent evaluation, development, in our operations. Reducing non-recoverable the Audit and Sustainability Committee. ▶ Expanding sustainability partnerships
and advancement through targeted programs, waste by 50% compared to 2020. and developing financing linked to
while maintaining variable compensation sustainable performance.
linked to sustainability goals.. ▶ Reducing water consumption from surface,
groundwater, and municipal sources by 14% in
▶ Advancing the creation of a safe and healthy projects in water-stressed areas compared to 2020.
work environment by reducing workplace
accidents and occupational illnesses.

▶ Consolidating and optimizing the internal

control system for social safeguards.

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PEOPLE
AT THE CENTER
OUR COMMITMENT IS TO PLACE PEOPLE AT THE CENTER OF
THE COMPANY’S DECISIONS, ENSURING DECENT WORKING
CONDITIONS, RECOGNIZING MERIT, AND PROMOTING
ARTHEMUS PUGLIESI
SITE MANAGER, ACCIONA
66,021 4.58 %
PROFESSIONAL DEVELOPMENT. THIS ALLOWS US TO CONTINUE TOTAL EMPLOYEES PEOPLE WITH
Arthemus Pugliesi leads one of the sections of DISABILITIES
ATTRACTING AND RETAINING THE BEST TALENT TO FACE THE Line 6 of the São Paulo Metro, the most extensive

27 % 73 %
CHALLENGES OF THE FUTURE. metro project in Latin America.

«I chose to bet on ACCIONA because I

was drawn by its technology, potential, WOMEN MEN
Focus on people: and human team.»
values that guide the way His leadership is defined by an innovative vision
and a commitment to excellence, aligned with
Generational diversity
ACCIONA’s purpose of designing solutions to Workforce by age group (2024)
▶ ACCIONA places people at the heart initiatives strengthen employee growth and ensure that address significant global challenges.
of its business strategy internal talent is prepared for future challenges. GENERATION Z
▶ Learn more at PEOPLE ACCIONA
ACCIONA is committed to the development of people as In addition, ACCIONA extends its commitment to
▶ Learn more about Line 6 at ATLAS 13 %
the driving force behind sustainable transformation. In human development throughout its entire value chain, MILLENNIALS
2024, the company strengthened its initiatives to attract, integrating suppliers, contractors, and collaborators
40 %
train, and retain diverse talent, ensuring fair working into its training and social responsibility strategies.
conditions and promoting diversity and inclusion at all Implementing fair pay standards and promoting work- GENERATION X
levels of the organization. life balance are fundamental components of this people 40 %
centered vision.
The accelerating changes in the work environment BABY BOOMERS
demand strategies that support stability and employee 7%
well-being. ACCIONA positions itself as a leader in this Global workforce
field, promoting employability through a comprehensive
approach that includes continuous training, professional Diversity is a key driver at ACCIONA, enhancing the
development, and the implementation of safe and development of foresight, problem-solving skills, and Diversity and local impact
inclusive work environments. adaptability to the challenges of various environments.

Training is a key pillar of ACCIONA’s talent strategy. In

This is especially relevant in the more than 40 countries
where the company operates, as its business model 163 over 40
2024, the company significantly increased its investment in focuses on maintaining a close relationship with clients, NATIONALITIES COUNTRIES
training, with specialized programs in leadership, technical stakeholders, and local talent, an essential factor for its REPRESENTED OF OPERATION
skills, and the transition to a low-carbon economy. These success and growth.

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The company strives to ensure fair wages that meet the ▶ EVOLUTION OF THE NUMBER OF EMPLOYEES BY CONTRACT
needs of its employees and their families, considering TYPE AND PROFESSIONAL CLASSIFICATION (%)
EMPLOYEREMPLOYER the economic and social conditions of each region
BRAND: TOP EMPLOYER where it operates. Beyond compensation, we implement Workforce by professional category
efficient processes for managing new position requests,
2023 2024
and contract type (FTE)
ACCIONA has received the Enterprise Seal, an vacancy planning, recruitment, and follow-up. Robust
Permanent Temporary Permanent Temporary
exclusive recognition granted to companies internal controls prevent the unnecessary extension
certified as Top Employer in at least 10 of temporary contracts, and alert systems are used for Executives and managers 3.604 55 4.096 54
countries and covering at least 95% of their timely renewal management. Technicians 10.863 1.340 12.212 1.604
global workforce. This distinction, achieved
Support staff 3.014 318 3.294 296
by only 9 companies out of more than 2,000 With more than 85.5% of its permanent contracts,
certified, reflects ACCIONA’s commitment to ACCIONA demonstrates a strong commitment to Operators 49.203 8.640 36.835 7.631
excellence in the workplace. stable employment. The company aims to increase this FTE: Full-Time Equivalent (employees with full-time contracts)
percentage as it grows, transforming temporary contracts Note: The calculation methodology may use values with subsequently rounded decimals.
Additionally, as part of its PEOPLE strategy, into permanent ones as quickly as possible in new markets.
ACCIONA is developing a global project to
share inspiring stories from employees across
Training for future-ready skills
the company.

Operating in strategic sectors that are rapidly evolving To this end, the company promotes continuous training
▶ WORKFORCE DISTRIBUTION due to global factors such as climate change, population initiatives that equip its employees to act as agents of
BY COUNTRY 2024 growth, accelerated urbanization, the shift to renewable transformation, capable of generating meaningful impact.
energy, digital transformation, and new regulations, Every person at ACCIONA serves as a catalyst for the
Workforce by nationality as a ACCIONA is committed to developing its internal talent as transition toward more sustainable practices and more
percentage of total workforce a driver of change. efficient technologies, helping to redefine the industrial and
(FTE) 2023 2024 business landscape with innovative and responsible solutions.
Spanish 21.676 23.184
Brazilian 5.411 6.514
Chilean 5.291 5.643
Australian 3.157 3.550 ▶ EVOLUTION OF TRAINING RECEIVED BY EMPLOYEES (HOURS)
Mexican 3.069 3.494

+320 %
Indian 1.730 2.461 1.717.641
German 1.964 2.428
Nepalese 1.722 1.850
Variation in training hours
Nepalí 1.114 1.307 received (2020-2024) 932.960
Polish 1.119 1.236
844.018
Peruvian 1.003 1.070 574.064
Ugandan 591 799
408.215

American (United States) 631 773

Filipino 638 706
Rest of the world 8734 11.006 2020 2021 2022 2023 2024*
Total 57.850 66.021 * 2024 data includes figures consolidated with Norde
FTE: Full-Time Equivalent (employees with full-time contracts)
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Safe environments Creating value for communities

Embedding a preventive health and safety culture as a core value in daily work is the foundation
for promoting safe workplaces. In 2024, ACCIONA strengthened its occupational health and safety ▶ A local communication and collaboration For this reason, over the past 10 years, ACCIONA
policies, aligning with international standards (ISO 45001), achieving 100% certification. approach to enhance the potential for has incorporated social criteria through its Social
regenerative transformation Impact Management (SIM) methodology, considering
it a key strategic component of its sustainable
ACCIONA approaches its infrastructure’s design, business model. The company is committed to
construction, and operation with a strong focus on minimizing any negative impact while maximizing
▶ INTEGRATED Integrate lessons learned understanding the local context and addressing its initiatives’ social and environmental benefits.
OCCUPATIONAL into the model systemic challenges. The company recognizes that
RISK PREVENTION communities within the area of influence of its
MANAGEMENT ACT 4 projects and services may experience effects from
SYSTEM 1 PLAN its activities, especially the most vulnerable groups.

Accident investigation Collaborative Identification

and assessment
▶ PROCESS FOR THE IMPLEMENTATION OF SOCIAL CRITERIA
and corrective actions prevention culture
of risks

Performance
evaluation Global Goal: “Zero Awareness
management Accidents”
system ISO
45001
CHECK 3
2 DO
Identification and Selection of the Monitoring of Documentation of
prioritization of approach for the engagement the consultation
Emergency preparedness communities and engagement with process with process and its
Prevention and control
stakeholders, with communities and communities and outcomes with
special attention to other stakeholders other stakeholders communities and
vulnerable groups stakeholders
that may be affected

EMPLOYEE WELL-BEING ▶ ESG risk mapping among critical suppliers

▶ Standard for the well-being of migrant workers,
A company that cares about the well-being of its ensuring dignified conditions
employees beyond the work environment is an
▶ EVOLUTION OF THE IMPLEMENTATION OF SOCIAL CRITERIA IN PROJECTS
organization committed to its success. In 2024, ACCIONA’s Audit and Sustainability Committee
ACCIONA’s Engagement & Sustainability Global oversees compliance with the company’s Human 2021 2022 2023 2024
Barometer recorded a 73% employee engagement Resources and Occupational Risk Policy. This policy Total number of projects 204 253 272 303
and satisfaction. The survey included responses from reflects ACCIONA’s commitment to the care and
Total number of countries 29 28 33 33
8,788 employees, representing 22% of those invited. continuous improvement of workplace health and
safety, not only for its own employees, but also for
Implemented Measures: those of partner companies, thus ensuring an optimal In 2024, more than €18.5 million was allocated to initiatives that
▶ Social audits of strategic suppliers working environment for all. benefited nearly 1.9 million people across 33 countries, reinforcing
▶ Training on human rights and occupational health ACCIONA’s positive impact on employees and local communities
for contractors through over 300 active projects.

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Quality and excellence

SÃO PAULO LINE 6:
Customer communication channels
A MODEL OF URBAN
TRANSFORMATION AND
▶ ACCIONA applies effective
management focused on innovation and
SOCIAL IMPACT the adoption of emerging technologies, Websites Apps and chatbot
ensuring an exceptional experience for
The São Paulo Metro Line 6 project (Brazil), clients and users
in which ACCIONA is involved through its
Official agencies Physical locations and offices
Construction and Concessions divisions, has ACCIONA ensures effective communication and
launched various initiatives to strengthen encourages customer and user engagement through
local employability, promote social inclusion, operational managers assigned to each business line.
and develop talent in communities within its Although there is no single company-wide officer, Digital platforms Meetings
area of influence. the Board of Directors oversees the Quality Policy,
ensuring compliance with standards and the safety of
The “Acciona por Ellas” program was customers. Customer interaction occurs at two levels: CRM systems Personalized account managers
developed in partnership with local NGOs B2B (public sector, private sector, and investors) and
to promote the employability of women B2C (water, services, and real estate, involving direct
in vulnerable communities near the consumer contact). Call center
construction site. 110 jobs have been created,
and 135,000 hours of training have been
delivered to the local community through Customer satisfaction
electric mobility initiatives.
ACCIONA monitors complaints management through
The project has also supported the local continuous digital data analysis, evaluating key indicators ▶ EVOLUTION OF SATISFIED CUSTOMERS (%)
innovation ecosystem, accelerating and such as resolution time and complaint status. Business
promoting regional development. area leaders hold regular meetings to improve service,
Divisions 2021 2022 2023 2024 2024 Target
supported by satisfaction surveys and internal audits.
By the end of 2024, the program had The company measures customer loyalty using direct Energy 100 100 99.6 99.95 100
collaborated with 12 startups, addressing feedback and has undergone 3,907 audits, allowing
Nordex 75 75
six internal challenges per session through continuous improvement in service and quality processes.
a socially responsible innovation and Infrastructure 99 99.9 100 99.46 100
entrepreneurship framework. As of 2024, no serious incidents or human rights violations Construction 100 99.6 100 100 100
involving customers or end users have been reported.
Concessions 100 100 100 97 100
Water 100 100 100 100 100
Other Infrastructure Businesses 85 99.9 100 86.42 100
Other Businesses 97 96 100 77 100
Overall Satisfied Customers 99 99 100 91.85 100

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POSITIVE PLANET
Climate strategy
1. BUSINESS STRATEGY ALIGNED
WITH THE EU TAXONOMY FOR
▶ ACCIONA drives operational modernization to SUSTAINABLE ACTIVITIES
decouple business growth from emissions and create
greater long-term value through efficient practices
The European taxonomy for sustainable activities is a key tool for channeling financing from financial
markets toward initiatives with positive environmental impact.

Climate change is an urgent global challenge, not only because of its For the past four years, ACCIONA has aligned its long-term investment strategy with activities that
devastating effects on populations and biodiversity, but also because of contribute to the environmental objectives set by the EU, per Delegated Regulation 2021/2139. The
its impact on the economy and corporate net profits. Beyond reducing company set a goal to allocate more than 90% of its CapEx to projects compliant with this regulation,
its operations’ environmental footprint, ACCIONA actively contributes to reaching 99% in the most recent fiscal year. Compliance with the first two environmental objectives
the climate transition by designing mitigation solutions such as renewable has been reported since 2021, and as of 2023, coverage of all six established objectives is fully included.
energy generation and adaptation infrastructure, including flood diversion
channels and desalination plants in water-stressed regions.

▶ CLIMATE ADAPTATION AND MITIGATION

INCLUDED IN DELEGATED REGULATION (EU) 2021/2139
+ DELEGATED REGULATIONS (EU) 2023/2485

2024

Aligned (as % Aligned (as %

Total Eligible of total) of eligible)
% N/A 69.42 % 69.14 % 99.60 %
CAPEX
€ 3,174,458,878 2,203,692,829 2,194,880,468 2,194,880,468
% N/A 61.31 % 57.76 % 87.69 %
OPEX
€ 465,176,516 285,182,191 250,079,851 250,079,851
% N/A 66.24 % 60.00 % 90.57 %
VENTAS
€ 19,189,947,870 12,712,223,709 11,513,687,722 11,513,687,722

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Decarbonization ▶ Scope 1: Direct emissions from operations, mainly

▶ ACCIONA ACTIVITIES ALIGNED WITH THE MITIGATION AND due to diesel use in machinery.
ADAPTATION TAXONOMY (%)
of operations
▶ Scope 2: Emissions from electricity consumption.
ACCIONA has made decarbonization a core element of
its strategy, viewing it as a path to improving operational
▶ Scope 3 (upstream): Emissions from suppliers,
efficiency. By identifying the sources of its significant
primarily due to materials like cement, concrete,
emissions, the company has mapped out a clear roadmap
and steel.
toward decarbonization and growth.

37 %
▶ Scope 3 (downstream): Emissions from infrastructure
The company’s greenhouse gas emissions come from
built but not operated by the company.
four sources:
Electricity generation
using solar photovoltaic
technology

4% ▶ SOURCE OF ACCIONA’S EMISSIONS

39 % 9%
8%
Electricity generation
from bioenergy
Manufacture of
Electricity generation renewable energy
from wind energy technologies Other

2% 2.31 %
Electricity Storage
Scope 1

▶ ALL ENVIRONMENTAL OBJECTIVES INCLUDED IN DELEGATED REGULATION (EU)

2.52 % 95.17 %
2021/2139 + DELEGATED REGULATIONS (EU) 2023/2485 AND 2023/2486

2024
Scope 2 Scope 3
Aligned Aligned
Total Eligible (as % of total) (as % of eligible)

% N/A 70.72 % 70.14 % 99.17 %

CAPEX
€ 3,174,458,878 2,245,126,883 2,226,527,792 2,226,527,792
% N/A 64.29 % 55.23 % 85.91 %
OPEX
€ 465,176,516 299,066,417 256,921,969 256,921,969
% N/A 69.17 % 61.74 % 89.27 %
VENTAS
€ 19,189,947,870 13,272,854,626 11,848,017,966 11,848,017,966

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Climate goals

ACCIONA’s decarbonization strategy and pathway are aligned with the Science Based Targets
initiative (SBTi), ensuring its targets are consistent with the climate goals of international
▶ EVOLUTION OF SCOPE 1 AND 2 (TONS OF CO2E)
agreements based on scientific consensus. The company is committed to reaching net-zero
emissions for Scopes 1 and 2 by 2040.

SCOPE 1 SCOPE 2
In its 2017 base year, ACCIONA (excluding Nordex) reported Scope 3 GHG emissions of 2.55
million tCO2e, which increased to 3.09 million tCO2e in 2024. Nordex, meanwhile, reported
4.38 million tCO2e in 2022 as its base year, rising to 4.65 million tCO2e in 2024. 250.000 25.000
226.391 22.695
See details of climate targets and metrics in Section E1-4, page 110 of the 2024
Sustainability Report. 2.025
199.192
200.000 20.000 392
66.739 17.373

ACCIONA (Nordex):
36.176
Climate Neutrality Roadmap by 2030 For the case of Nordex:
150.000 15.000

2030 2030
11.154
▶ 60% reduction in Scope 1 and 2 emissions ▶ 42% reduction in Scope 1 and 2
(market-based) compared to 2017. emissions (market-based) 100.000 10.000 20.278 20.511
187.920 3.634
compared to 2022
▶ 47% reduction in Scope 3 emissions 159.652 145.643
compared to 2017. ▶ ▶ 25% reduction in Scope 3 emissions
compared to 2022 50.000 5.000
2040 7.520
2050
▶ 90% reduction in Scope 1 and 2 emissions
and neutralization of residual emissions. ▶ 90% reduction in Scope 1 and 2
0 0
emissions compared to 2022 and
2022 2023 2024 2022 2023 2024
2050 achievement of Net-Zero

▶ 90% reduction in Scope 3 emissions

▶ 90% reduction in Scope 3 emissions compared
compared to 2017.
to 2022 and achievement of Net-Zero Scope (Excl. Nordex)

Additional emissions due to recalculation (Nordex and other structural changes)

Scope (Nordex consolidated in 2023)

Total scope

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The combined Scope 1 and 2 emissions have been reduced Weighted average carbon intensity (WACI)
by 6% compared to the previous year. This is mainly due
2023 2024 % VAR.
to an increased use of low-emission fuels such as HVO and
ALFREDO LÓPEZ ACCIONA Energía 3,3 4,2 27,9 %
the ongoing electrification of the vehicle and machinery
MENDIBURU
HEALTH, QUALITY, SAFETY, AND fleet. ACCIONA continues on a steady path of emission Infraestructures 18,7 16,0 -14,6 %
ENVIRONMENT, ACCIONA ENERGÍA reductions, even after accounting for emissions resulting
Construction 21,5 17,8 -17,3 %
from structural changes, a trend that would also be
applicable to previous years. Construction in Oceania 18,6 16,0 -13,7 %
With over twenty years at ACCIONA Energía,
Alfredo has helped turn environmental Water 8,3 7,1 -14,9 %
commitment into concrete methodologies with To ensure this pathway, ACCIONA has established
Asuma 84,7 72,7 -14,1 %
real impact. three strategic levers:
Industrial 1,6 0,7 -53,1 %
He contributed to the development of a 1. Monitoring of relevant environmental variables in Concesions 0 6,3 -
pioneering model to measure the socioeconomic projects with potential bid submissions. For GHG
impact of renewable energy. This model, applied Other business 13,7 11,4 -16,7 %
emissions, the company uses the Weighted Average
to projects like the MacIntyre Wind Farm in
Carbon Intensity (WACI) based on similar past Nordex 7,2 7,4 2,7 %
Australia, allows for the optimization of its local
value in terms of employment, income, emissions, projects to estimate the potential emissions level of ACCIONA 11,9 10,9 -8,7 %
and regional GDP. each new project.

«This commitment arises because what 2. Carbon budgeting at the project and business level.
we’re doing helps the planet, helps us, Emissions are charged at the end of the year using a
helps our surroundings, our society, variable internal carbon price: €7.5 per tCO2e within
humanity, and the environment.» the assigned budget and €190 per tCO2e for emissions
ESG BUDGET
exceeding the budget. The collected funds are used
to purchase and cancel carbon credits and finance
«Let’s be clear: at ACCIONA Energía, The ESG Budget is a management
decarbonization measures through the company’s fund.
we’ve been changing the world for more and control tool for sustainability. It
than twenty years» facilitates decision-making, efficient
3. Incentive system linked to decarbonization targets for
resource allocation, and anticipation
all employees with variable pay. In this system, 12.5%
of challenges. It covers 100 projects
▶ Learn more at PEOPLE ACCIONA of each employee’s performance evaluation is tied
representing 90% of the company’s
▶ Explore the MacIntyre Project on ATLAS to sustainability goals. Of that 12.5%, 40% is linked
CO2 emissions and is based on 13
explicitly to achieving emission reduction targets, and
key indicators related to people, the
60% evaluates other relevant environmental aspects.
environment, and environmental
impact. The Finance and Sustainability
Department defines the budget lines,
assigning greater responsibility to
project managers, who must plan,
monitor, and meet these indicators.
This promotes more conscious
management of non-financial impacts.

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SCOPE 2 DECARBONIZATION LEVERS

2. ALTERNATIVES TO DECARBONIZE OPERATIONS Strategy Description Impact of actions Business areas

ACCIONA has designed its decarbonization strategy to avoid relying on external capital, ensuring the Use of Maximizing consumption ▶ 74% of ACCIONA’s electricity came Infrastructure,
continuity of its commitments under the Science Based Targets initiative (SBTi). This financial autonomy Renewable through in-house from renewable sources. Energy, Water,
is supported by its Decarbonization Fund, which enables the uninterrupted execution of mitigation Electricity generation and the ▶ Evaluation and implementation of on- Real Estate
and adaptation actions. In addition, this approach’s strength facilitates access to preferential financing purchase of origin- site renewable systems, such as solar
certified electricity. panels, in operational infrastructure.
conditions, optimizing margins and expanding investment in sustainable and low-emission assets.
▶ 130,000 tCO2e reduction in 2024
due to clean energy use.

SCOPE 1 DECARBONIZATION LEVERS SCOPE 3 DECARBONIZATION LEVERS

Strategy Description Impact of actions Business areas Strategy Description Impact of actions Business areas

Energy Optimization of energy ▶ AI implemented in excavation Infrastructure, Low-Emission Lifecycle analysis of ▶ These assessments enabled a 38 Infrastructure,
Efficiency consumption through processes, optimizing time. Energy, Real Estate Materials Across low-carbon materials tCO2e reduction in 2024. Energy, Water
efficient technologies. Lifecycle to measure their
▶ Energy efficiency improved by 8.7%, reducing
contribution to emission
CO2 emissions per million euros invoiced.
reduction.
▶ Development of energy-efficient housing,
such as the Nuevo Puerta de Hierro project—
a zero-emission building incorporating
geothermal energy, photovoltaics, and
low-emission (VOC) recycled materials.
Top recognition in 100% Renewable
climate transparency electricity generation
Electrification of Replacement of ▶ A 21-ton electric excavator used Infrastructure
Machinery and combustion machinery in the Lorca-Pulpí project
Fleet and vehicles with In 2024, the company advanced its decarbonization plan ACCIONA’s main mitigation lever is its long-standing
▶ At Site C, electric conveyor belts
electric alternatives. by reducing combined Scope 1 and 2 emissions by 6% commitment to renewable energy. The company operates
reduced CO2₂emissions by 30%, making
material transport more sustainable. compared to the previous year. CDP awarded ACCIONA exclusively with emission-free electricity generation and has
the highest “A-List “ rating in the climate change category, built one of the world’s largest renewable energy portfolios.
recognizing the excellence of its climate strategy and the
Use of Low- Use of HVO ▶ 1.75 million liters of diesel replaced Infrastructure,
Carbon Fuels (Hydrotreated with HVO, achieving 90% CO2 Energy, Nordex, transparency of its performance. In 2024, the company reached 15.4 GW of installed
Vegetable Oil), an emission reduction. Other Businesses renewable capacity, after adding 2 GW during the year,
alternative fuel that ▶ Innovative aggregate HVO purchase and generated 26,708 GWh, which avoided the emission
reduces CO2 emissions agreement in Spain at no additional of 14.4 million tons of CO₂e (+5.8% vs. 2023). Additionally,
by up to 90%. cost, boosting adoption. ACCIONA is driving the development of key electricity
infrastructure worldwide: In Peru, it was awarded over
*HVO: Hydrotreated Vegetable Oil 400 km of transmission lines, ensuring electricity supply
for over one million people. The company is designing,
building, and operating 250 km of power lines in Australia
through the Central West Orana project.

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Water resilience ▶ POTENTIAL WATER RESOURCE IMPACTS

FROM ACCIONA’S OPERATIONS

IMPACTS
▶ ACCIONA leverages its innovative and technical capabilities to
develop solutions for water scarcity, sanitation challenges, access
to this vital resource, and rising demand
NEGATIVE POSITIVE
Accidental water pollution can occur due to using Availability in ▶ Water supply:
fuels, oils, and solvents in daily operations, along with water-scarce areas: 113 hm³ of water distributed
With 28 years of experience in the water sector, ACCIONA stands out for providing comprehensive impermeable surfaces that prevent natural infiltration. This Potabilization, through ACCIONA’s networks,
increases the risk of temporarily affecting water quality and wastewater treatment, ensuring efficient and safe access.
solutions that include the design, construction, and operation of key infrastructure such as drinking
aquatic ecosystem health. and desalination
water treatment plants, wastewater treatment stations, desalination facilities using reverse osmosis, optimize water use, ▶ La potabilización de agua:
and tertiary treatment systems for water reuse. These initiatives directly address critical challenges such reduce water stress, and Potable water production reached
enable safe reuse. 689 hm³ in 2024, supplying
as water scarcity, sanitation issues, and the efficient management of water resources.
nearly 6 million people annually.
55% of the
desalinated water
In 2024, the company improved its key water indicators: internal water consumption was reduced ▶ Desalination: 2,447 hm³ of
volume comes desalinated water supplied to
by 33% through efficiency and reuse measures, and treated water production increased by 15.38%. from water- public networks. 964 hm³ of
Additionally, around 81.33% of the total treated water was used in water-stressed countries, helping to stressed countries, water discharged back into the
relieve water shortages in vulnerable regions. strengthening water sea from desalination processes.
resilience.
▶ Wastewater Treatment:
665 hm³ of wastewater treated
for human and industrial use.

Non-compliant discharges: Technical variations or Additional resources: Biomass and hydropower are efficient, low-
demand surges can exceed treatment capacity, impacting carbon technologies that diversify the energy mix sustainably.
chemical parameters.

Water quality ▶ Desalination plants increase water

reduction availability, but the generated brine
raises salinity and can harm marine life.

▶ Biomass plants require

significant water for cooling,
increasing water temperature,
and affecting river ecosystems.

Alteration of ▶ Hydroelectric plants modify water

river flows flow, affect sedimentation, and disrupt
biological dynamics downstream.

▶ Infrastructure construction
reduces infiltration and soil water
retention, increasing runoff and
impacting water quality.

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Preservation of biodiversity Radical circularity

and ecosystems
▶ ACCIONA promotes adopting a radical
▶ To protect and regenerate biodiversity and circularity approach, which involves keeping
ecosystems, ACCIONA focuses on understanding the resources in a continuous cycle of use,
interconnections among living organisms, integrating maximizing their utility without exceeding the
infrastructure into each local context planet’s capacity for regeneration

ACCIONA’s Positive Planet strategy promotes the contribute to a net positive natural capital, offsetting ACCIONA implements ecodesign strategies, reduces
protection and regeneration of biodiversity through a the footprint of its infrastructure projects. non-recoverable waste, and increases the use of
proactive and technology-driven approach. It ensures renewable and/or recycled resources, key pillars of its
that its projects result in No Net Loss of biodiversity in At the global level, ACCIONA reinforces its leadership roadmap toward radical circularity.
the short term while aiming for a Net Positive Impact in biodiversity by participating in the Taskforce on
in the long term. The company is also firmly committed Nature-related Financial Disclosures (TNFD) and The vision of radical circularity drives ACCIONA toward
to No Gross Deforestation, minimizing deforestation joining the Business for Nature coalition, advocating zero waste: resources are kept in use for as long as
across its value chain. for the integration of nature into economic systems. possible, avoiding the extraction of virgin materials. In
The company’s projects include environmental 2024, the company halved the waste sent to landfill
In 2024, ACCIONA ramped up efforts in ecological management plans to restore habitats and protect (a 49% reduction compared to the previous year) and
restoration and impact compensation, restoring more endangered species, further strengthening its positive achieved 93% waste recovery (through reuse, recycling,
than 4,000 hectares of ecosystems and increasing impact on ecosystems. or recovery).
voluntary tree planting by 70%. These actions
Hazardous waste was also reduced by nearly 50%
compared to the previous period due to the lower
generation of asbestos-contaminated materials at IN 2024, ACCIONA
construction sites in Oceania. Thanks to construction
IN 2024, ACCIONA practices and innovation improvements, this ▶ Renewed its AENOR 100% Circular
performance exceeds the 2025 Sustainability Master Strategy Certification.
▶ Planted 104,089 trees, 460,880 shrubs, Plan (SMP) target for minimizing non-recoverable waste.
and 195,139 flowers to compensate for the ▶ Achieved a 16% reduction in material
deforestation of 9,419 trees in real estate In the case of ACCIONA Energía, most of the hazardous consumption compared to the previous year.
and energy projects. waste is found in ash and slag produced by biomass
facilities, representing over 75% of total waste. In 2024, ▶ 11% recycled-origin materials were used in
▶ Planted an additional 273,761 trees on its 100% of legally recoverable ash was recovered. its operations.
own initiative.
Nordex’s main waste types are steel, wood, and ▶ 93% of the 14.8 million tons of waste
▶ Restored over 4,000 hectares of ecosystems. packaging, which are most reused. The general generated were recovered (via reuse,
packaging reuse index includes a 34% reuse rate for recycling, or recovery).
pallets and a theoretical recyclability of 100% for wood
and steel fittings. ▶ Achieved a 50% reduction in hazardous
waste compared to the previous period.

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EXPONENTIAL
LEADERSHIP TECHNOLOGY CENTERS & DIGITALIZATION

CONSTRUCTION
AI in Document Management: AI has been
ENERGY
Projects in Battery Storage, Circular Economy,
applied in process digitalization and the and Renewable Resource Optimization.
development of sustainable materials.
▶ Recycled Batteries in Extremadura I-II-III: A
THE COMBINATION OF BROAD EXPERIENCE, DIVERSITY, AND
▶ CECOC Digital Platform: Implemented in 2MW/5MWh system will be installed in Almendralejo
A STRONG COMMITMENT TO THE SUSTAINABLE TRANSITION infrastructure projects in Fargo (USA) and (Badajoz) using second-life batteries from electric
POSITIONS ACCIONA AS THE MOST COMPREHENSIVE GLOBAL Carén (Chile), this platform enhances digital vehicles, promoting the circular economy.
PROVIDER OF SUSTAINABLE SOLUTIONS. ITS INNOVATIVE NATURE management of road, bridge, and tunnel works.
HAS DRIVEN ITS LEADERSHIP IN THE INFRASTRUCTURE, ENERGY, ▶ Bioglass Project: In collaboration with Vidrala,
▶ AI for Document Management: In the Site-C 230 tons of biomass slag produced 18.3 million
AND WATER SECTORS, ESTABLISHING IT AS A WORLDWIDE
project, an AI system classified over 80,000 glass bottles with a lower carbon footprint.
BENCHMARK IN SUSTAINABILITY. documents in 6 hours with 85% accuracy,
streamlining construction organization. DIGITAL HUB
Development of solutions in IoT, robotics,
▶ Marewind Project: Development of UHPC automation, AI, immersive technologies,
Strategic lines of innovation concrete with 30% less clinker, resulting in a 40% and operations optimization.
cost reduction and a 35% lower environmental
impact in offshore wind energy applications. ▶ IoT and Computer Vision: Application of
ACCIONA’s focus on transformational sustainable innovation I’MNOVATION Program quantum computing to automate public
reinforces its sustainability and technological development WATER lighting inventories and monitor incidents.
leadership. Its innovation model, defined by openness, In 2024, ACCIONA developed 16 pilot projects involving Innovations in desalination, innovative water
disruption, and a digital mindset, is applied across all energy efficiency, infrastructure optimization, and management, and green hydrogen production. ▶ Robotics and Automation: Autonomous robots
company levels. Specialized divisions in Infrastructure, CAI sustainability with startups and technology centers. for aquatic inspection and task optimization in
(Corporación ACCIONA Infraestructuras), and Energy allow Highlights include projects in climate forecasting, AI ▶ BRINETECH®: a new desalination technology construction, such as painting and sanding.
it to tackle the challenges of each sector through innovative applied to infrastructure, and water use optimization. that increases water output and reduces
and sustainable solutions. brine discharge, ideal for plants seeking to ▶ AI Applied to Data: In the APOE project,
expand capacity without increasing intake. artificial intelligence maximizes bidding
Through its Sustainability Master Plan, ACCIONA benefits and detects infrastructure leaks.
promotes: ▶ RELEPUMP®: Implementing artificial intelligence to
optimize energy consumption in pumping systems. ▶ Immersive Experiences: Virtual and augmented
▶ Regenerative innovation, reality are used in training and interactive visits,
focused on social and environmental impact. ▶ Green Hydrogen in WWTPs: In partnership such as at the San Diego Museum of Art (SDMA).
with Purammon, ACCIONA is developing an
▶ Open innovation,
assisted electrolysis system that generates
through collaboration with new strategic partners.
hydrogen (H₂) from wastewater treatment
▶ Digital transformation, plant residues, avoiding N2O emissions.
to optimize management and efficiency.

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Innovation figures

In 2024, ACCIONA reached an innovation investment of €334.2 million, a 16.3% increase compared to Pioneers in strategic sectors
the previous year. Its project portfolio includes 134 initiatives: 16 focused on R&D,118 on innovation, and
17 carried out outside Spain. These initiatives represent a value of €118.4 million (35.4% of the total).

Infrastructure
This progress reaffirms ACCIONA’s position as a sustainable innovation and digital transformation leader,
consolidating its global impact.
In 2024, the Infrastructure division achieved record Notable project awards:
revenues and a total project portfolio valued at €54
billion (+58% vs 2023), with 90% of projects executed ▶ Alkimos Desalination Plant (Australia): €447 million
outside Spain. The division’s strong performance was
▶ INNOVATION FIGURES BY BUSINESS (%)
reflected in an EBITDA of €762 million (+38% vs 2023) ▶ Ras Laffan Desalination Plant (Qatar): €359 million
and a margin of 9.4%.
▶ Renovation and modernization of the Apulia Aqueduct
Notable project awards: water distribution network (Italy): €256 million

▶ I-10 Calcasieu Bridge Highway (Louisiana, USA) For water concessions, total investment reached €163
million by December 2024, with commitments of €165
▶ Suburban Rail Loop East Project (Melbourne, Australia) million between 2025 and 2032.

▶ ▶Lima Peripheral Ring Road (Peru)

41 % In addition to their technical complexity, these projects

prioritize sustainable mobility, local job creation, and high
Energy

ACCIONA Energía strengthened its presence in renewables

49 %
Construction
environmental standards. by adding 2 GW of new capacity in key markets such as

Energy 6% Water 2% 2%
Water
Australia, India, Canada, Spain, and Croatia, bringing its
total installed clean energy capacity to 15.4 GW.

Corporate CAI*
Nordex, meanwhile, ranked as a Top 2 Global Player
* CAI (Corporación ACCIONA Infraestructuras, by its initials in Spanish)
ACCIONA received recognition at the Lurra Bizkaia Sariak (excluding China), contributing 19% of the Group’s total
▶ BREAKDOWN OF THE NUMBER OF INNOVATION PROJECTS BY BUSINESS UNIT Awards 2024 for impacting water footprint compensation EBITDA. In 2024, Nordex’s revenue reached €7.299 billion,
and combating desertification. It also transformed representing a 12.5% increase compared to 2023.
57 the Raimat Arts Festival into the world’s first Water-
60
Positive festival by fully offsetting its water footprint.
50
The global portfolio in Water Design and
40 construction (D&C) reached €1.948 billion
31
in 2024 (+45.3% compared to 2023).
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20

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2024 Highlights in concessions

▶ We secured concessions in 7 countries
during the past year

WATER CONSTRUCTION
SHAUNA MOORE
New bridge over the CIVIL ENGINEER,
ACCIONA
USA Calcasieu River (I-10)
SR-400 project
Shauna Moore is a civil engineer
leading sustainable infrastructure
Desalination
projects at ACCIONA Australia.
MEXICO plant in
Her approach combines technical
Los Cabos
innovation with a strong commitment
to sustainability and inclusion.
Transmission lines
PERU Lima peripheral
Ring Road «We use solar panels for all
our lighting towers, and our site
BRAZIL SANEPAR São Paulo Metro Line 6 offices run on solar power. [...] In
every project, we consider what
Desalination
our carbon footprint will be and
MOROCCO plant in
Casablanca set goals to reduce it.»

Desalination Shauna has led sustainability initiatives

UNITED ARAB
plant in from the design phase, working on
EMIRATES Saadiyat projects that prioritize road safety and
preserve local heritage.
Orana transmission
AUSTRALIA line (Central West) ▶ Learn more at PEOPLE ACCIONA

€3 billion invested
and committed

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INTEGRATE TO ▶ MOTIVATION OF THE INITIATIVES

TRANSFORM One-time contribution:

One-off support to social causes.

Social investment:
OUR COMMITMENT GOES BEYOND DESIGNING SUSTAINABLE SOLUTIONS Long-term strategic
WITH A SINGULAR PURPOSE. THE GROWING INTERCONNECTION AND commitment in collaboration
with the community.
COMPLEXITY OF GLOBAL CHALLENGES HAS LED US TO EVOLVE TOWARD
A MODEL OF MULTIFUNCTIONAL INFRASTRUCTURE, DESIGNED

40.5 %
Business-aligned initiative:
FROM A HOLISTIC PERSPECTIVE AND TAILORED TO THE SPECIFIC Socially driven initiatives

53.3 %
CHARACTERISTICS OF EACH CONTEXT. directly aimed at supporting
Business-aligned initiative the company’s business.

Social investment 6.1 %

One-time contribution
Sustainable differentiation SUSHANA KARKI
in every project GEOSPATIAL MANAGER,
ACCIONA ENERGÍA

2024 was a year marked by unprecedented global Sushana Karki leads the integration of geospatial
challenges. Inflation, rising living costs, geopolitical technology in renewable energy project planning.
conflicts, climate change, and accelerated biodiversity Thanks to her work, key factors such as land
ownership, biodiversity, hydrology, topography,
loss have profoundly impacted people, businesses, and
and cultural heritage are considered from the
ecosystems. In this context, ACCIONA maintains a realistic very beginning.
yet optimistic outlook, guided by its values, culture, and
unwavering commitment to sustainability.
«We place great importance on
respecting a community’s feelings and
Our commitment goes beyond designing sustainable
the history of an area, as well as its
solutions with a singular purpose. The growing
traditional landowners.»
interconnection and complexity of global challenges
have led us to evolve toward a model of multifunctional
She also facilitates the visualization of this
infrastructure, designed with a holistic vision and
information through accessible online platforms.
adapted to the specific characteristics of each context.

To achieve this, we design and implement innovative «It’s not just about maps or coordinates,
solutions that address the most urgent challenges of it’s about integrating human values into
our time. the development process.»

▶ Learn more at PEOPLE ACCIONA

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Regenerative thousands in rural and remote communities worldwide. In

ecosystems 2024, the Foundation continued expanding its reach and
▶ DOUBLE IMPACT
deepening its impact, achieving:

▶ ACCIONA promotes sustainable

development and improves quality of
▶ 161,260 people benefited across 33,397 households, € €
including small businesses and educational centers,
life through collaborative programs
through innovative and sustainable solutions.
and initiatives, focusing on accelerating
the Sustainable Development
Acciona.org also continued to promote on-site
Goals (SDGs) in its communities
collaboration in its projects. These efforts to improve
people’s quality of life were reinforced by 2,006 hours of
MEASURING Corporate Volunteering, benefiting 3,672 people directly in
Green instruments Sustainable instruments
COMMUNITY INVESTMENT vulnerable communities.
linked to corporate KPIs
ACCIONA measures and evaluates its community
investment and how it contributes to the 17 Sustainable
Development Goals, providing a comprehensive view and
Leaders in sustainable
enabling benchmarking against other companies. In 2024, financial markets
this commitment allowed 1,880,153 people to benefit
from the solutions implemented worldwide, through a Since 2016, ACCIONA has integrated ESG criteria into
total investment of €18,527,094 aimed at strengthening its financing strategy, positively impacting the planet
Type Type
communities within the area of influence of its projects, and people. Over the past seven years, the company
activities, and services. has completed over 100 green or sustainable financing I III
transactions, including loans, bonds, and credit lines.
Corporate Volunteering
In 2024, new sustainable financing issuances amounted to
WORKING TOWARD MORE
€2.533 billion, totaling €12.081 billion, representing 81%
LOCAL VOLUNTEERING Local impact initiative
of ACCIONA’s gross corporate debt.

The Volunteering Program encourages employees, ACCIONA allocates

This year, ACCIONA strengthened its sustainable the discounts from
collaborators, and their families to participate in initiatives each instrument to
financing strategy by continuing its Sustainable Impact
led by the company or by the volunteers themselves. social impact initiatives
Financing Framework, which combines green financing
The aim is to promote local volunteering and support the
with sustainability-linked instruments. One of its key

+
communities where ACCIONA operates, increasing positive
innovations is the Local Impact Accelerator, which
social and environmental impact.
allocates green financing discounts to social initiatives in
communities, creating a “Double Impact” structure.
▶ 7,445 people participated in volunteering activities Type Type
(+15.2% vs 2023), dedicating 35,471 hours to
Learn more about the Sustainable Financing Framework II IV
community work (+10.3% vs 2023), benefiting over
in the 2024 Financial.
81,167 people.

Green Sustainable
acciona.org Foundation instruments instruments
Among the many initiatives ACCIONA leads to improve + linked to
corporate KPIs
community well-being, the work of the acciona.org
Foundation stands out as a key pillar, not only for
Local impact
initiative +
Local impact
improving access to basic services such as energy, water, initiative
and sanitation, but also for enhancing the quality of life of

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▶ GREEN AND SUSTAINABLE FINANCING OPERATIONS 2024 ESG RATING

ACCIONA is periodically assessed by various ESG rating agencies, consistently ranking among the top
Active 2024 Total Amount performers in its sector. As of the end of fiscal year 2024, the following ESG ratings are in effect:
Type of Financing Instruments Transactions (€M) *

Green Financing (Type I) 74 25 5,404

Rating Agency Rating Scale Score 2024 Ind Average Industry
Green Financing with Local Impact 15 9 3,331
(Type II) S&P Global 0 to 100 86 37 Elec. Utilities
Corporate Financing with 0 0 0 CDP* D- to A A C** Construction
Sustainability Commitments
(Type III) Sustainanalitycs 100 to 0 18.7 Low Risk 31.7 High Risk Utilities

Corporate Financing with 17 3 3,346 MSCI CCC to AAA AA A Utilities

Sustainability Commitments and ISS ESG D- to A+ C+ Prime C- Construction
Local Impact (Type IV)
Ecovadis 0 to 100 85 No aplica Roads and Railways
Total 106 37 12,081 Construction
* Total amount based on active instruments as of year-end 2024. The amount is calculated using the exchange
* Both climate and water
rate in effect at year-end 2024 for transactions in currencies other than EUR
** Based on 2023 data; to consult the industry average for 2024, visit the CDP website.

IMPACT INVESTORS In 2024, ACCIONA reaffirmed its leadership in sustainability by once again being included in the
Dow Jones Sustainability World Index and receiving the Sustainability Yearbook Award from S&P
The Sustainable Finance Report is a tool for reporting green financing asset allocation and impact. It Global. Based on economic, environmental, and social criteria, this index selects the top 10%
enables investors to identify specific financial instruments, access asset allocation details, evaluate of sustainable companies among the 2,500 largest in the S&P Global Broad Market Index. Since
non-financial impact (such as energy production, GHG emissions reduction, waste management, etc.), its inclusion in 2022, ACCIONA has maintained a prominent position. Additionally, in 2025, S&P
and review corporate and local impact indicators. Global ranked ACCIONA in the top 5% of the Sustainability Yearbook Award, placing it among
the world’s top-performing utilities in sustainability.
ACCIONA also publishes information on Principal Adverse Impacts (PAIs) required under the
Sustainable Finance Disclosure Regulation (SFDR). These PAIs are key ESG indicators that investors
must monitor, especially for funds classified under Articles 8 and 9 of the SFDR. ACCIONA’s
corporate website contains the Sustainable Finance Report and information about financial
instruments and non-financial impacts.

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GOVERNANCE

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SUSTAINABILITY The mission of ACCIONA’s Board of Directors is to perform its duties with a unified purpose and
independent judgment, treating all shareholders equally and fairly, and always acting in line with

GOVERNANCE
the company’s social interest. This translates into pursuing a profitable and sustainable business
model in the long term, ensuring continuity and maximizing the company’s economic value.

AS A FAMILY-OWNED COMPANY, ACCIONA PRIORITIZES LONG- Year of

Name Position Appointment Board Committees
TERM VALUE CREATION. ITS GOVERNANCE STRUCTURE
PROMOTES AN ETHICAL AND HONEST CORPORATE CULTURE Mr. José Manuel Executive 1997
AND ENSURES EXEMPLARY CONDUCT IN ITS OPERATIONS. Entrecanales Domecq Chairman

Mr. Juan Ignacio Executive Vice 1997

Entrecanales Franco Chairman
The ACCIONA Board of Directors operates with unity of purpose, independence of judgment, and
fair treatment of all shareholders, always guided by the company’s social interest. Mr. Jerónimo Marcos Lead Independent 2014 Audit and Sustainability
Gerard Rivero Director Committee (Member)

Our bylaws reflect our purpose. Mr. Daniel Entrecanales Proprietary 2009
Domecq Director
The rules that govern the company’s activities aim to promote more sustainable societal models,
generate long-term value, and protect the legitimate interests of its shareholders, employees, Mr. Javier Entrecanales Proprietary 2011
suppliers, clients, and other stakeholders. Franco Director

Ms. Sonia Dulá Independent 2019 Audit and Sustainability

Director Committee (Member)

Mr. Javier Sendagorta Independent 2018 Appointments and Remuneration

Gómez del Campillo Director Committee (Member)

Ms. María Dolores Independent 2021 Appointments and Remuneration

GENERAL SHAREHOLDERS’ MEETING
Dancausa Treviño Director Committee (Chair)

Mr. Carlo Clavarino Independent 2022 Appointments and Remuneration

Director Committee (Member)

Reporting Committees: Ms. Maite Arango García- Independent 2022 Appointments and Remuneration
Urtiaga Director Committee (Member)
BOARD OF
DIRECTORS · Audit and Sustainability
Ms. María Salgado García- Independent 2023 Audit and Sustainability
· Appointments and Remuneration Urtiaga Director Committee (Chair)

Ms. Teresa Sanjurjo Independent 2023

González Director

Mr. Jorge Vega-Penichet Non-Director 2006 Secretary of both the Audit and
MANAGEMENT TEAM López Secretary Sustainability Committee and the
Appointments and Remuneration
Committee

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▶ DISTRIBUTION OF THE BOARD OF DIRECTORS BY NATURE OF POSITION ▶ HANDLING

AS OF DECEMBER 31, 2024 OF REPORTS

66 % 17 % CODE
OF CONDUCT
With instructions

Without instructions 89
Independent non- Executive directors
executive directors El Code of Conduct, outlines the principles,
values, and commitments that must be 282
upheld by employees, management,

17 %
50
and third parties associated with the
Group. It serves as the foundation for the 188

Other non- company’s corporate compliance policies. 29

26 13 32
executive directors
(proprietary/ As part of its commitment to combating 85
71 68
external) corruption, bribery, and money laundering, 48
ACCIONA has developed specific
policies, including the Anti-Corruption 2019 2020 2021 2022 2023 2024
Policy, the Crime Prevention and Anti-
Bribery Policy, and the Antitrust Policy.
Additionally, the company operates
Social safeguards an Ethics Channel, a communication
Of the 371 communications received, 282 cases were
system for reporting irregularities or
in the value chain breaches of legal standards, the Code of
opened: 58 were assigned to external investigators, and
internal investigators handled 224.
Conduct, or the Group’s ethical values.
ACCIONA’s compliance model is designed to promote a culture of ethics and regulatory
compliance across the organization. It establishes clear conduct parameters and implements
mechanisms to detect, prevent, and, when necessary, mitigate potential risks, including those
related to criminal liability.

▶ TRAINING ON THE CODE OF

Risk management and due diligence ACCIONA manages a Compliance training and
CONDUCT AND ANTI-CORRUPTION
communication program to strengthen its culture of
COURSE (NUMBER OF EMPLOYEES)
ACCIONA integrates due diligence into its compliance model by evaluating ethics and integrity risks ethics and integrity. This program covers key topics such
in commercial opportunities, investments, suppliers, and partners. To manage the growing volume as anti-corruption, competition, criminal risk prevention,
of procurement, the company launched the ESG SCRM program in 2023, an AI-based system that, and sanctions, and is complemented by awareness plans
Code of Anti-corruption “The right way
in 2024, enabled real-time monitoring of 91.15% of purchasing expenditures, updating its risk map coordinated with other areas of the organization..
conduct course to worK”course
every four hours.
5.481 1.823 2.321
Since 2021, the company has operated the Internal Control System for Social Safeguards (SCISS), which
strengthens compliance with international human rights regulations and social safeguard standards.

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Sustainable supply chain Supply chain control system elements

ACCIONA’s Procurement Departments are entering the final year of the 2020–2025 Sustainability In 2024, ACCIONA registered 9,959 suppliers in its system as part of the ESG program. This
Master Plan after successfully overcoming the main challenges in their supply chain. These challenges program applies a control model tailored to each supplier’s ESG risk level and business volume.
included: geopolitical tensions impacting the raw materials market, a significant increase in purchasing The model includes seven specific controls based on criticality and three transversal controls
volume driven by an unprecedented project pipeline, tighter regulations, and growing internal applied in all cases.
commitments regarding sustainability and supply chain responsibility.
Registered suppliers undergo a process that includes registration in the PROCUR-e system, ESG
evaluation, criticality classification, and control assignment according to the SCRM model.
ACCIONA TOTALS 2024

30,029 + €8.4 BM * Social Risk

ACTIVE SUPPLIERS PURCHASE VOLUME (S Risk)
ESG Risk
▶ representing a 9.8% increase ▶ representing a 9% increase over 2023 and a 233% increase Mitigated ESG Risk
compared to 2023 since the beginning of the cycle in 2020 CONTROLS ACTION
PLANS*
* Nordex not included in the calculation.

100 % prov. con

13 7 Audits plan de acción

▶ STATUS OF ACCIONA’S SUPPLIER DATABASE AS OF YEAR-END 2024

Enhanced 100 % prov. con
324 24 6 plan de acción
Due Diligence
ESG Monitoring in Real Time
ESG 100 % prov. con
54,073 suppliers monitored daily

CONTRACTUAL CLAUSE
1,819 80 5
Assessment plan de acción

NO-GO POLICIES
EVALUATIONS
Risk Intelligence 100 % prov. con
ACCIONA Group
Risk Map 9,846 5 4
Self-Declaration Monitoring plan de acción

61,835 60,564
pSuppliers comply with the 9,851 3 Risk Mapping
suppliers registered in
risk map (a supply chain Approved
PROCUR-e, in compliance with: via CDR
control and management
ESG
No-go Policies
— Code of Conduct
tool) that aligns with No-go
Policies and considers ESG 4,817 9,860 2
Pre-screening
— Ethical principles for suppliers Risk Variables No-go Policies
— Minimum standards for integrity PICOCS
Acceptance of
No-go Policies 9,959 1
— Minimum standards for Variables Riesgo ESG (Compliance Procedure)
ACCIONA minimum
environmental responsibility standards
— Minimum standards for quality

Audited 100% of new ACCIONA suppliers

registered in 2024
676 *ACTION PLAN: coverage was extended
in 2024 to include high ESG risk suppliers
No-go Policies
below the approval threshold.
Audit Procedure

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Double materiality ▶ DOUBLE MATERIALITY ASSESSMENT

assessment
▶ For the third consecutive year, ACCIONA has conducted a double
materiality analysis, consolidating an iterative approach built on

Critical
previous years’ lessons and outcomes. This approach considers both
the company’s impacts on society and the environment and the
potential financial implications of sustainability E1

S3

FINANCIAL MATERIALITY

Significant
Key findings from the
impact materiality assessment
S1
The impact materiality assessment process consisted of four phases: the analysis of the
ACCIONA ecosystem; the development of the preliminary list of impacts, risks, and opportunities;
the evaluation and development of the final list of impacts, risks, and opportunities; and the
presentation of the consolidated results to the Board of Directors. E2 G1 E4

Moderate
E3
In the double materiality analysis (DMA), 913 impacts, risks, and opportunities (IROs) were S2
identified, of which 614 were considered material. These include 143 positive impacts, 163 negative
S4
impacts, 223 risks, and 85 opportunities.
E5
The matrix positions each topic based on the IRO with the highest rating within its category.
For example, “E1 Climate Change” is positioned according to its “critical” positive impact and Moderate Significant Critical
“significant” opportunity. However, it also includes risks that are not reflected in the matrix but are
FINANCIAL MATERIALITY
detailed in the corresponding chapter.

Among the topics considered, the following were not found to be material after analysis:
pollution of living organisms and food resources, microplastics, and animal welfare. No impacts,
E1 Climate change + O + Positive impacts
risks, or opportunities related to these three topics were identified during the double materiality E2 Pollution - R - Negative impacts
assessment process. In addition, within the category of Workers in the Value Chain, no downstream E3 Water and water resources + R O Oportunities
impacts, risks, or opportunities were detected. The following entity-specific topics were found to be
material: Cybersecurity and Personal Data Protection, Responsible Taxation, and Fair Competition.
E4 Biodiversity - R R Risks
E5 Circular economy - R

S1 Own personnel - R

S2 Workers in the value chain + R

S3 Affected communities + R

S4 Consumers and clients + R

G1 Corporate culture + R O

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▶ IMPACTOS MATERIALES Y FINANCIEROS POR NEGOCIO

INFRASTRUCTURE ENERGY NORDEX OTHER BUSINESSES

Positive Positive Positive Positive

56 28 20 59
impacts impacts impacts impacts

Negative Negative Negative Negative

94 31 76 38
impacts impacts impacts impacts

Oportunities 28 Oportunities 4 Oportunities 12 Oportunities 53

Risks 84 Risks 21 Risks 58 Risks 118

The Infrastructure business line includes the activities of The analysis identified 124 matters in the energy business In the case of Nordex business, 289 matters were Within the category of Other Businesses are grouped
Construction, Construction Oceania, Water, Concessions, case, of which 84 were classified as material. The most identified, of which 166 were considered material. The the activities of Airport, Bestinver, ACCIONA Corporativo,
and Other Businesses (ASUMA). 381 matters were relevant topics due to their importance are climate topics with the highest number of material matters are ACCIONA Cultura, AFS, Forwarding, Real Estate, and
identified, of which 262 are material, especially in the change, own workers, biodiversity, and business conduct. climate change, own workers, affected communities, Transport. In this group, 408 matters were identified,
Construction and Water businesses. The most relevant Virtually all of these matters are concentrated in the and workers in the value chain. Most of these matters of which 268 were assessed as material, with a greater
topics are climate change and own workers, followed company’s operations and manifest their impact in the originate from the company’s operations and have concentration in the businesses of Real Estate, ACCIONA
by affected communities, pollution, value chain, and short term, highlighting the importance of direct and a short-term impact, reflecting key focus areas for Corporativo, ACCIONA Cultura, AFS, Transport, and
biodiversity. Most matters originate from the company’s proactive management in this area. sustainable business management. Bestinver. The most relevant topics regarding material
operations and have a short-term impact. matters are own workers, climate change, clients and
consumers, and business conduct. Also noteworthy,
though to a lesser extent, are affected communities,
workers in the value chain, and the circular economy.

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ACCIONA IMPACTS REPORT 2024

ATLAS:
TOWARDS
GRANULAR
PROJECT-LEVEL
REPORTING

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ACCIONA STRENGTHENS ITS

COMMITMENT TO ESG TRANSPARENCY
THROUGH AN INNOVATIVE PLATFORM
THAT OFFERS A DETAILED VIEW OF
ITS PROJECTS’ IMPACT. THIS TOOL
NOT ONLY PROVIDES CONTEXT
FOR THE COMPANY’S ACTIVITIES
IN THE TERRITORIES WHERE THEY
ARE CARRIED OUT BUT ALSO
EFFECTIVELY RESPONDS TO THE
REQUIREMENTS OF RATING AGENCIES
AND INTERNATIONAL FRAMEWORKS.

THE PLATFORM OFFERS KEY FEATURES

THAT ENHANCE TRACEABILITY AND CLARITY
OF INFORMATION:

▶ Display of the last update date.

▶ Access to the total number of available projects.

▶ Presentation of key sustainability metrics.

ADDITIONALLY, IT PROVIDES A COMPREHENSIVE The tool also enables in-depth value chain analysis,
VIEW OF ACCIONA’S BUSINESSES THROUGH: identifying material impacts at each stage of the
project life cycle. Thanks to the integration of
▶ Number of active projects on the platform. generative intelligence technologies, user experience
is enhanced, making navigation, customization, and
▶ Geographic presence (countries of operation). understanding of data easier and more intuitive.

▶ Revenue figures by business activity.

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