Introduction
The primary purpose of this report is to evaluate the
sustainability efforts of Atlantica Sustainable Infrastructure. Atlantica
Sustainable Infrastructure is one of many corporations that operates in the
sector of renewable energy. Since its introduction in 2013, Atlantica
Sustainable Infrastructure’s purpose has been to support a much more
sustainable world by investing and managing a plethora of sustainable assets
while simultaneously establishing long term value for all affiliated investors and
stakeholders. The rationale behind Atlantica’s choice to make sustainability a
key strategic vision is, due to their ambition to offset the adverse effects of
climate change and global warming in hopes of acquiring the highest quality of
environmental preservation for generations yet to come.
As of January 20, 2021, Atlantica has been ranked as the 12th most
sustainable company in the Global 100 index and second in Power Generation.
Atlantica Sustainable Infrastructure embraces sustainability by investing in
assets that are environmentally sustainable while undertaking a proactive
approach with direct impact in the triple bottom line.
Atlantica strives for the highest standards
of business conduct, even in times of uncertainty. According to a research
study conducted by Oxford University, good sustainability and ESG practices
influence lower operating cost, higher profitability, and superior share price
performance (Investment Insights Centre, 2019).
To further support their findings, Oxford
University partnered with Arabesque to conduct a meta study that confirms the
relation between sustainable business practices and economic profitability.
Research
Questions:
i.
Why did the
organization choose to make sustainability a key strategic vision?
ii.
How did they
go about implementing the sustainability vision?
iii.
What
are the results obtained on each of the three bottom lines – profits, people,
and planet?
iv.
Was
innovation increased? What role did technology play in sustainability and
innovation?
v.
How well are
they reporting on these results?
vi.
Does
Atlantica’s sustainable vision lead to higher profitability?