Eight companies in the Spanish energy sector -Cepsa, EDP España, Enagás, Endesa, Iberdrola, Naturgy, Redeia and Repsol- have worked collaboratively for three years, coordinated by Azentúa and Ecoacsa, to agree on a common terminology, framework and methodology for the identification and valuation of natural capital, applicable to the global energy industry.
As a result of the work developed, which is framed within the Natural Capital Factory's Sector Groups, are.
- A sectoral document on the energy and natural capital nexus, which includes the specific impacts and dependencies of the Spanish energy sector on natural capital.
- A matrix by sector and by technology of the impacts and dependencies from nature of the activities of electricity generation with renewable sources; electricity generation with non-renewable sources; electricity transmission and distribution; operation and management of gas infrastructure and gas transportation; exploration and production of oil (and its derivatives) and gas; and refining and petrochemicals industries.
- A methodology for evaluating the degree of relevance that natural capital represents for the different activities and sub-activities that comprise the businesses of the member companies of the working group.
The application of the natural capital approach has been the focus of the joint work developed, and the instrument chosen for its application has been the Natural Capital Protocol.
