07 Nov The Spanish Working Group on Natural Capital and Energy participates in the Capitals Collaboration Day
The Spanish Working Group on Natural Capital and Energy participated in the Capitals Collaboration Day, organised by the Capitals Coalition —which is the result of a merger between the Natural Capital Coalition and the Social and Human Capitals Coalition-, within the framework of the Natural Capital Week 2019.
Isabel Tomé, from the Department of Corporate Environmental Management of Iberdrola, and Lucía Santolaria, Reporting, Risks and Compliance of Cepsa, shared with the large audience gathered how the eight Spanish energy companies that are members of the working group coordinated by Azentúa and Ecoacsa are working together to incorporate natural capital in their decision making.
During her speech at the session focused on examples of the application of natural capital thinking from a corporate perspective, Isabel Tomé advanced that Iberdrola’s vision is to have a positive net impact on both the environment and communities. “Our goal is to protect and continuously enhance the biodiversity around our assets,” she said.
She also explained that natural capital assessments provide a “better understanding of the value of the existing natural capital of our assets and their environment, while allowing us to understand the ways in which this value can be protected and increased and how Iberdrola depends on natural capital; as well as supporting decision-making for investments in restoration that enhance natural capital and the provision of ecosystem services”.
Isabel Tomé, Corporate Environmental Management of Iberdrola, during her presentation at the Capitals Collaboration Day 2019