Sustainability in IBEX 35 companies. 2023 Analysis

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Sustainability in IBEX 35 companies. 2023 Analysis

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Business and biodiversity basics

The UN Global Compact Spain presents "Sustainability in IBEX 35 companies: analysis 2023". The report, which includes the progress and progress reported in the implementation of the Ten Principles of the GlobalCompact and its contribution to the Sustainable DevelopmentGoals (SDGs), has focused on companies belonging to the IBEX 35, the main Spanish stock market index.For this report, one moreblock has been added to the traditional four blocks of principles, thegovernance block as a cross-cutting element and a large number of indicators have been analysed in the rest of the blocks: human rights, labour standards, the environment andthe fight against corruption. The main source has consisted of the evaluation of the information provided in the sustainability reports or NFIS of the companies that are part of the IBEX 35.  
The objective of the introduction of the governance block has been to homogenize the analysis of the publication with the new updated Progress Report (COP) of the UN Global Compact, which aims to make it easier for companies adhering to the initiative to comply with their annual reporting obligation in the Ten Principles of the UN Global Compact. and that since the previous year it has already entered into force. Legislative changes, the evolution of international or European standards and new emerging trends mark a context of change in business sustainability. This new context is what this report has tried to reflect, while delving into the evolution of the business practices of IBEX entities to address critical problems. IBEX 35 companies play a fundamental role in the Spanish economy and have a significant impact on sustainability at a national and international level. In addition, these companies, due to their economic capacity, are pioneers in adapting to new trends in sustainability and in their accountability and, therefore, their analysis is so revealing when it comes to identifying how the rest of the Spanish companies will behave in the coming years.

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