Ignacio GalanCEO of Iberdrola and president of the US subsidiary Avangrid, received this Thursday the Medal of Honor of the World Association of Juristsin a ceremony held at the headquarters of United Nations (UN) in NY. Galán has been recognized for the leadership he has shown in the promotion of clean energy and the environmental, social, corporate governance and financial results (ESG + F) principles. The organization is dedicated to pursuing “a world ruled by law, not force” and works closely with governments, non-governmental organizations and international associations to foster cooperative dialogue on world peace.
“As an engineer, I am honored to receive this prestigious award from such a distinguished legal institution. For more than two decades, Iberdrola has focused on offering a cleaner, safer, and more efficient energy system. Our strategy is based on transparency, teamwork, responsibility and professionalism, based on the ESG+F principles. The success of the transition towards a cleaner energy model will require the active participation of all administrations, institutions, companies and civil society. Iberdrola will remain fully committed in contributing to the energy transition, in creating value for everyone and in guaranteeing the best practices in terms of corporate governance and the rule of law”, said Galán.
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Other recipients of the Medal of Honor were Stephen Breyer, Retired Associate Justice of the Supreme Court of the United States, who was introduced by Bill Clinton, former President of the United States. Among the famous people who have this recognition are King Felipe VI of Spain; Ruth Bader Ginsburg, former Associate Justice of the Supreme Court of the United States or Christine Lagarde, President of the European Central Bank.
In the last two decades, Iberdrola has gone from being the 20th largest electricity company in the world to the second largest by market capitalization, while leading the sector in climate ambition, focusing on creating a social dividend for all stakeholders. The company has invested more than 140,000 million euros during the more than 20 years of Galán’s management, closing all its capacity of 17 coal and fuel-oil plants around the world and establishing a leading renewable energy capacity in the sector of 40,000 megawatts (MW). The firm plans to invest 47,000 million euros between 2023 and 2025 and aims to achieve carbon neutrality in 2030 and net zero emissions before 2040.