CONTENTS
WELCOME
2007 was a landmark year for our the environment. We remain committed
business with the successful integration to being a socially responsible company
of ScottishPower and IBERDROLA. with best practice in corporate
The new enlarged IBERDROLA Group
governance, business topics and respect
ended 2007 as one of the world’s largest
for the environment. This commitment
electricity companies by market
creates a sense of belonging and trust
capitalisation.
amongst stakeholders.
Through the friendly integration, now
The ScottishPower senior management
successfully completed, we have
team continue to report on the 12 UK
reinforced our shared commitment to
impact areas, whilst also now globally
Corporate Responsibility. Our reporting
report our enhanced CSR credentials to
year has been aligned to IBERDROLA so
the wider IBERDROLA Group. We as a
going forward we will be working on a
fully integrated Group, are committed to
calendar year basis.
a “multi local” approach ensuring
Achieving Scottish Business in the
ScottishPower continue its dialogue
Community Large Company of the Year
and relationships with key stakeholders.
in 2007 was an important endorsement
The establishment of the ScottishPower
for ScottishPower’s work and to our
Advisory Board with membership from
commitment to environmental and social
leaders in business, finance, public policy
issues.
and academic research is an important
During 2007, we announced significant
link in ensuring our activities are globally
investments in sustainable generation
coordinated and implemented in the
projects and environmental technologies;
most appropriate way within the UK
increased our 2010 target for delivery of
and Scotland. Our community and
wind energy projects in the UK to 1,200
sponsorship spend at £4.9 million for
MW and established partnerships that will
last year has increased year on year.
help secure Scotland’s place as the world
The integration with IBERDROLA
leader in marine energy. In addition, we
provides a global platform for our
announced the UK’s largest energy crop
combined Corporate Social Responsibility
project and embarked on a major study
activities which together with a real
into cleaner coal generation.
and ongoing commitment to the local
Corporate responsibility is about
communities in which we operate,
developing the strength of our business,
creates real and long lasting benefits for
while respecting the needs of our
all our stakeholders and society.
stakeholders. It involves managing the
I hope you find this report useful and
potentially negative impacts of our
engaging, and I would be to hear your
business on society, while leveraging
opinions and thoughts on any of the
our activities to create benefits for
matters raised within the report, or indeed
communities, customers, employees and
any other aspect of our operations.
José Luis del Valle
Vice Chairman, April 2008