At Saeta Yield, we understand that sustainability goes beyond energy generation. We are committed to achieving a balance between the three pillars of sustainable development: social, environmental, and economic, also known as the 'triple bottom line.' This means that we work for people, the planet, and economic benefit in an integrated way.
In keeping with the principles of our main shareholder, our ESG Policy is based on:
- Mitigating the environmental impact of our operations.
- Guaranteeing the well-being, safety and health of our employees.
- Maintaining sound and transparent governance practices.
- Being responsible and committed corporate citizens.
E
Enviromental
At Saeta Yield, we strive to reduce our environmental impact and use long-term resources efficiently. We believe that respect for the environment is essential for our operations. Which is why we implement initiatives that promote the protection of ecosystems, the responsible use of natural resources and the preservation of biodiversity.
ISO 14001 certified
The ISO 14001 certification reflects our commitment to environmental management, which allows us to comprehensively identify and mitigate risks.
Environmental Principles:
- Minimize the Environmental Impact: Reduce our impact and mitigate environmental risks in all our operations.
- Respect and Consideration: Take into account the safety and environmental well-being of the communities where we operate.
- Efficient and Responsible Use of Natural Resources: Efficiently, sustainably, and responsibly manage natural resources while continuously improving our efficient use of these resources.
Environmental Goals:
- Reduce emissions: We are committed to gradually reducing our greenhouse gas (GHG) emissions with the aim of achieving carbon neutrality by 2050.
- Protection of Biodiversity: For 2024, develop biodiversity management and conservation plans in all our operational areas, prioritising sensitive areas.
- Optimise the use of natural resources: In 2025, we will seek to reduce landfilling by 20% (baseline year 2021), prioritising key components such as wind turbine blades and solar panels.
- Responsible supply chain management: For 2025, we expect 50% of our suppliers to adopt sustainability policies.
Case Study: Second life for materials
After a forest fire at one of our wind farms, we launched a project to reuse its components. We donate a blade to Vestas Portugal to support its training programmes, and we responsibly scrapped the rest, avoiding 60 tonnes of waste.
In 2025, we will carry out our first “Repowering” project in Portugal, in which we will replace 60 wind turbines. This project will promote the circular economy by reusing components in hybridisation processes to prolong their useful life. Equipment that is not reused will be marketed, minimising waste generation and significantly reducing the volume of materials sent to landfills.
S
Social
At Saeta Yield, we are committed to improving the lives of our employees and the communities where we operate. Our inclusive and diverse culture allows us to build strong relationships with all our stakeholders while we develop programmes and initiatives focused on enhancing employee development, personal and professional growth, and well-being.
We promote a positive work environment based on respect for human rights, equal opportunity, an appreciation for diversity and zero tolerance of discrimination, violence and workplace harassment.
Social Goals:
- Occupational Health and Safety: Create a safe and inclusive work environment for employees and contractors, with a goal of zero serious incidents, based on our HSSE Policy.
- Professional Development: Promote the professional growth of our employees through continuous training programs.
- In 2023, our employees completed 4,334 hours of training.
- Diversity and Inclusion: Promote a diverse and inclusive culture where everyone's voice is heard and valued.
- The Prodis Foundation recognizes us as an “Inclusive Company”, confirming our commitment to our Declaration on diversity, fairness and inclusion..
G
Governance
Saeta Yield is committed to transparency, ethics and compliance with current regulations, international standards and corporate policies that guide the actions of all those who are part of the operation.
Our decisions are based on principles of integrity and respect, creating value for our stakeholders and maintaining an open and proactive dialogue.
Governance Goals:
- Transparency and Communication: Foster trust through open and transparent communication with employees, customers and communities.
- We share ESG best practices with our suppliers through this practical guide..
- Managing risk in the supply chain: Implement controls to prevent bribery and corruption in keeping with our Code of Conduct for Suppliers and the Anti-Bribery and Anti-Corruption Policy , which establishes the guidelines for acting in accordance with principles of transparency and ethics. We also engage in an ESG due diligence process in order to demonstrate good practices of suppliers.
- In 2023, the inclusion of ESG criteria was implemented into the bidding process as a key factor for evaluating and selecting suppliers, in an effort to identify and promote best practices in the supply chain.
- Cybersecurity and data protection: Establecer medidas robustas para prevenir situaciones de riesgo en ciberseguridad. Contamos con una Política de Ciberseguridad que guía y establece las directrices para proteger la información y los activos.
Our Corporate Values and the Commitment to
Business Ethics
One of our core pillars at Saeta Yield is to act with integrity and humility in all our activities. We are committed to strictly following the internal rules and policies we have designed to create an ethical and trustworthy working environment that benefits all our stakeholders.
We have implemented a Code of Business Conduct and Ethics that sets out the standards of behaviour that all company employees and collaborators must comply with.
We have also set up a secure and confidential ethics line, accessible to everyone, which allows any behaviour suspected of being unethical, illegal or that could compromise safety, to be reported anonymously. Contact channels include:
- Spain 900-810-305
- Portugal: 0800-78-4717
- Contacto Ético: https://www.saetayield.com/en/contacto-etico/
ESG criteria in our investment decisions
At Saeta Yield, all our investment decisions are deeply aligned with ESG (environmental, social and governance) criteria. We adhere to Sustainability Accounting Standards Board (SASB) guidelines to identify relevant risks and opportunities, ensuring that factors such as the environment, human capital, leadership, governance, and innovation are integrated into our analysis.
Once assets are acquired, we constantly manage and monitor their performance using these ESG criteria to make sure that we create value for all our stakeholders while moving towards our sustainable development goals.
Commitment to the SDGs (Sustainable Development Goals)
Although we recognize the importance of all the Sustainable Development Goals (SDGs), we contribute significantly to those that are more in keeping with our business and environmental performance principles.
SDG 7: Affordable and clean energy
We encourage energy efficiency and the use of renewable resources in our production and consumption processes, promoting access to clean and renewable energy sources for all.
SDG 8: Decent work and economic growth
Our employees are the company's most valuable resource. Which is why we have a comprehensive health and safety system that protects their well-being through various continuous actions and measures. This approach ensures decent work conditions and encourages sustainable economic growth.
SDG 9: Industry, Innovation and Infrastructure
We invest in the development and maintenance of resilient infrastructure, implementing clean and renewable technologies that minimise our environmental impact.
SDG 13: Climate Action
- We measure all three scopes of our greenhouse gas (GHG) emissions in an effort to reduce them.We use key performance indicators to monitor the environment in our facilities through ecosystem and biodiversity protection programmes.
- "We monitor the environment around our facilities through ecosystem and biodiversity protection programs, using key performance indicators."
- We explore measures to adapt to climate change to prevent its effects on our operations.
SDG 15: Life on land
We minimize the environmental impact of our plants. Each one has an Environmental Impact Statement, which allows us to identify initiatives and compensatory measures based on an exhaustive analysis of the flora and fauna in the area. Moreover, with the aim of going beyond legal compliance, we actively work on environmental protection programmes and monitor our actions to ensure continuous improvement.
Our Policies
- ESG Policy
- HSSE Policy
- Declaration on diversity, fairness and inclusion.
- Guidelines for Social Management and Human Rights
- Human Resources Policy
- Anti-Bribery and Anti-Corruption Policy
- Code of Conduct for Suppliers
- Code of Business Conduct and Ethics
- Data Protection Policy
- Purchasing Policy
- Cybersecurity Policy