X-ELIO Energy, S.L. | Council for Inclusive Capitalism

X-ELIO is a leading large-scale global developer of renewable energies that relies on 16 years of expertise in the solar sector with more than 2.5 GW built worldwide. With presence in 7 countries, we are specialized in the development, construction, funding and operation of solar plants with a global presence With high qualified professionals that make X-ELIO, our efforts, vision, mission and core business are dedicated to the generation of 100% renewable energy and first-class solar PV projects. In 2020 we achieved more than €300M revenue. The group is a global leader in renewable and sustainable energy, with a strong commitment to the reduction of greenhouse gases and the fight against climate change.

Lluís Noguera Pujol-Xicoy

Chief Executive Officer, X-ELIO Energy, S.L.

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We believe it is vital to state clearly to the world the set of our beliefs about Inclusive Capitalism. As such, we start with our Statement of Guiding Principles for Inclusive Capitalism. Knowing that words alone are not enough, each of us is making a series of commitments about how we will operate our institutions so that they help achieve Inclusive Capitalism. These commitments are forward-looking statements based on current goals, expectations and assumptions, which are not guarantees of future performance. For more information, please refer to our Terms of Use

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Principles of Governance

Prosperity

Summary

X-ELIO will promote sustainability leadership by through a Sustainability Policy Book, creating a Sustainability Committee, creating a digital platform to deploy sustainable content, and by increasing our participation in ESG organizations by 2023.

Activities & Initiatives

Promote sustainability leadership by deploying initiatives.

Measures & Targets

Launch a Sustainability Policy Book, create a Sustainability Committee, create a digital platform to deploy sustainable content and increase our participation in ESG organizations by 2023.

Summary

X-ELIO will promote prosperity in the Communities its works in by establishing a Community Plan Procedure.

Activities & Initiatives

Promote prosperity by investing in the Communities

Measures & Targets

The contracted Engineering, Procurement and Construction (EPC) company will do its best to recruit local labor, with minimum recruitment quotas imposed in the contract.

To ensure local labor and companies are given a fair chance and opportunity, X-ELIO asks the companies to send a bi-monthly report indicating local procurement activities’ status. Also, X-ELIO will ask for the justification of the final contracted percentage as evidence of the intention to meet quotas.

All projects that pass the Approval Compliance Committee will have to undertake a Stakeholder Analysis and Community Plan Proposal as part of the Community Plan.

By the end of 2021, all current projects must have presented their complete Community Plan, and all future projects will have to undertake their own.

The Community Plans will take action in the countries where X-ELIO currently has or will have activity.

Today, the geographical scope includes Australia, Chile, Italy, Japan, México, Spain, and the United States of America.

By the end of the first half of 2021, X-ELIO will also have a list of Social Community Proposal activities by country approved and go accordingly with Local Communities, Education, Environment, and Health values. According to the project’s needs and the community, the activities will then be studied on a case-by-case basis.

A percentage of each project’s total yearly revenues will finance the Community Plan Proposals.

Summary

X-ELIO will promote gender equality by taking out a study to audit, detect, and close the gender gap salary in the company by 15% by 2023 vs 2020.

Activities & Initiatives

Promote gender equality by closing the gender gap salary in the company.

Measures & Targets

Take out a study to audit, detect and close the gender gap salary in the company to 15% by 2023.

Summary

X-ELIO will promote gender equality by increasing female workforce in the company by 2% by 2023.

Activities & Initiatives

Promote female workforce in the company.

Measures & Targets

Increase female workforce in the company by 2% by 2023.

Summary

X-ELIO will promote sustainable consumption to its employees by increasing awareness and competition by 2022.

Activities & Initiatives

Promote responsible and sustainable consumption by awareness by 2022.

Measures & Targets

Deploy initiatives of awareness for responsible consumption by 2022:

Setting recycling information near bins.
Put shortage of water figures to create awareness (bathroom, kitchen sink, etc..).
Keep track of the electricity consumption and try to reduce it.
Send awareness email to employees: when you leave the office, turn your computer off; turn the light off after leaving a meeting room; eliminate fixed telephones in the office (they consume energy and are not used).
Count paper used in the office, send figures to employees to try to create awareness.
Put deforestation numbers next to printers to create awareness.
Weigh waste created in the office, send figures to employees to create awareness.

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Recognizing it will take alignment of all our organizations to scale impact globally, we invite you to join the movement as a Steward of Inclusive Capitalism. Together, the collective action of Council members will contribute to a fairer, more inclusive and sustainable future for all people and our planet.