IENOVA AND SUSTAINABILITY

IENOVA AND
SUSTAINABILITY

WE ARE FIRMLY COMMITTED TO A COMPREHENSIVE VISION OF SUSTAINABILITY. EACH OF OUR ACTIONS IS GEARED TOWARDS GENERATING SOCIAL, ENVIRONMENTAL, AND ECONOMIC VALUE.

 

OUR SUSTAINABILITY
MODEL

The model is based on our strict culture of ethics and corporate governance and is focused on three pillars for action: social, environmental, and economic.

AT IENOVA WE DESIGNED A SUSTAINABILITY MODEL BASED ON OUR BUSINESS STRATEGY AND THE COMPANY’S COMPREHENSIVE RISK MANAGEMENT.

SUSTAINABILITY COMMITTEE

The tasks of the Sustainability Committee include reviewing and approving the sustainability strategy. It is also in charge of supervising and ensuring compliance with the activities of the Sustainability Commissions; monitoring the S&P/BMV Total Mexico ESG Index and the inclusion of IEnova in this and other sustainability indexes; reviewing and authorizing the content of the Sustainability Report; and ensuring that all employees read and adhere to the company’s Sustainability Policy.

THE SUSTAINABILITY COMMITTEE REPORTS TO THE CORPORATE PRACTICES COMMITTEE OF THE BOARD OF DIRECTORS. THIS STRUCTURE ENABLES US TO ENSURE THE INVOLVEMENT OF OUR SENIOR MANAGEMENT, A CLEAR CHAIN OF COMMAND, AND ACCOUNTABILITY.

1 This commission was created in February 2021.

MATERIALITY ASSESSMENT

In 2020, we updated our 2019 materiality assessment1 to confirm that the material topics that we had previously identified are still relevant and to strengthen our matrix with elements that may have become more important over the course of the year.


Our materiality matrix update included the analysis of:

Academic publications

Opinions and positions of global investors

SASB Materiality Map

Relevant ESG assessment methodologies2

Insights of IEnova’s senior management

Suppliers’ biennial ESG evaluation results

1 We used the definitions employed by GRI and SASB to assess the materiality of our topics based on whether: (i) they have or could have an impact on the business, (ii) they include internal and external factors that can be influenced by or controlled by the company, and (iii) are not solely financial or operational aspects
2 S&P Global, MSCI, FTSE, Vigeo Eiris, Sustainalytics, and GPTW.

Short, Medium, and Long-term Sustainability Goals

Aware of the challenges we face as a society and to comply with our commitment to our stakeholders, in 2020 the Sustainability Committee conducted an in-depth analysis of our operations to define ambitious, achievable, and high-impact sustainability goals to guide us in the short, medium, and long-term.


BASED ON THE RESULTS OF THE MATERIALITY ASSESSMENT WE CONDUCTED IN 2019, THE SUSTAINABILITY COMMITTEE DETERMINED THAT IENOVA STRIVES TO BE A LEADER IN THE FOLLOWING ISSUES: EMPLOYEE HEALTH & SAFETY, ATTRACTING, DEVELOPING AND RETAINING TALENT, SAFETY IN PROCESSES AND OPERATIONS AND Community Affairs.

TO LEARN ABOUT OUR GOALS, SELECT ONE OF THE TOPICS:

This topic contributes to the following SDGs:

This topic contributes to the following SDGs:

This topic contributes to the following SDGs:

This topic contributes to the following SDGs:

SUSTAINABLE DEVELOPMENT GOALS

El análisis que realizamos en 2019 sobre nuestra contribución a los ODS de la Organización de las Naciones Unidas (ONU) nos permitió identificar los aspectos que debíamos fortalecer en nuestra estrategia de sustentabilidad. A partir de este análisis, en 2020 hicimos una mayor contribución a la agenda global.


Por la naturaleza propia de nuestro negocio, y en particular por nuestros esfuerzos en torno a la producción de energías limpias y la construcción de infraestructura para el sector energético, contribuimos al ODS 7, 8, 9, 13 y 15, de la siguiente manera:

TARGET 7.1

By 2030, ensure universal access to affordable, reliable, and modern energy services.

We produce zero-emission power through our wind and solar power facilities.

4,367 km of natural gas distribution pipelines and more than 3,100 km for natural gas transportation, allowing more than 142,000 customers to have access to a source of cleaner energy and minimize the use of polluting fossil fuels.

In collaboration with Sempra Energy, we are developing the ECA Liquefaction project, which will enable us to provide this low-carbon energy to isolated populations and to supply the export market.

TARGET 7.2

By 2030, increase substantially the share of renewable energy in the global energy mix.

Wind parks (529 MW)

  • ESJ
  • Ventika

Solar parks (515 MWAC)

  • Pima Solar
  • Rumorosa Solar
  • Tepezalá Solar
  • Don Diego Solar
  • Border Solar

Target 8.6

By 2020, substantially reduce the proportion of youth not in employment, education or training.

Our IEnova Program for Operators’ Training’s (Programa de Formación de Operadores IEnova, PROFOI) goal is to enhance talent development and integrate young people into the energy sector. Since 2014, we have achieved the following:

  • 220 graduates
  • 600 hours of training per program
  • 145 graduates hired by IEnova
  • USD$3.5 million invested

In 2020, Fundación IEnova sponsored seven education programs through a contribution of USD$617,971, allowing at least 100 students to continue their studies.

Target 8.7

Take immediate and effective measures to eradicate forced labor, end modern slavery and human trafficking and secure the prohibition and elimination of the worst forms of child labor, including recruitment and use of child soldiers, and by 2025 end child labor in all its forms.

We categorically reject forced labor and child labor at all of our operations and in our relationships with our stakeholders. To find out more, please see our related policies in the Policies and Procedures section of our website.

Our critical suppliers are evaluated every two years to identify if they have policies or procedures in place that prohibit forced labor.

TARGET 9.1

Develop quality, reliable, sustainable and resilient infrastructure, including regional and transborder infrastructure, to support economic development and human well-being, with a focus on affordable and equitable access for all.

Our assets

Assets in operation

Assets under construction

We build and develop our assets employing the strictest health and safety standards. All our assets have maintenance and supervision procedures in place and employ the most advanced technologies currently available.

TARGET 9.2

Promote inclusive and sustainable industrialization and, by 2030, significantly raise industry’s share of employment and gross domestic product, in line with national circumstances, and double its share in least developed countries.

Our territorial distribution enables us to contribute to meeting the energy needs in the country and, as a result, to the economic development and well-being of the population.

TARGET 9.4

By 2030, upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes, with all countries taking action in accordance with their respective capabilities.

In 2020:

We made a capital investment of USD$679 million

We avoided the emission of 986,134 tCO₂e

We generated 1,996,222 MWh of renewable power

We adequately manage our environmental impact.1

1 To learn more about how we do this, please view the Environmental Pillar section.

Target 13.1

Strengthen resilience and adaptive capacity to climate-related hazards and natural disasters in all countries.

Our Climate Change Strategy includes four pillars for action:

  • Investment and asset development
  • Emissions reduction and energy efficiency
  • Management of climate risks and opportunities
  • Transparency and collaboration

We assess and manage our risks and opportunities related to climate change.

Target 15.5

Take urgent and significant action to reduce the degradation of natural habitats, halt the loss of biodiversity, and, by 2020, protect and prevent the extinction of threatened species.

Our biodiversity management system is focused on:

  • Flora restoration, conservation, and compensation
  • Protection and rescue of wildlife

In all our projects we apply the mitigation hierarchy principle:

  • Avoid
  • Minimize
  • Restore
  • Compensate

META 15.9

By 2020, integrate ecosystem and biodiversity values into national and local planning, development processes, poverty reduction strategies, and accounts.

We conduct studies to assess the potential impact of a project on the ecosystem.

We propose measures to protect habitat and wildlife species in the area.

We work in synergy with organizations specializing in biodiversity management, conservation, and protection.