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    SPK   ES0105385001

SOLARPACK CORPORACION TECNOLOGICA, S.A.

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Solarpack Corporacion Tecnologica S A : allocates more than 2.6 million euros to its 2021-2023 social action plan

09/23/2021 | 01:42pm EDT
23 de September de 2021

By ad_solarpack

The plan includes, among others, the objectives of universalizing access to clean energy and promoting socioeconomic development through education in the areas where they operate

Solarpack continues its focus on sustainability and social responsibility as a key element of its business strategy, announced to the market in March 2021. In this sense, and within the framework of the ESG Strategic Plan 2021-2023 recently approved, Solarpack has defined its social action and sustainable development plan to which it has assigned a budget of more than 2.6 million euros for that period.

The Plan contemplates initiatives that generate a positive impact on both the environment and society and aligns the social contribution and business activity through social projects, especially focused on promoting SDG 4 and 7, which seek to guarantee inclusive, equitable and quality education and access to affordable, safe, sustainable, and modern energy for all.

Thus, it defines the Plan through four strategic axes of intervention. The first of these is based on the promotion of universal access to energy and is directly aligned with Solarpack's purpose: "Accelerating the transition towards clean and affordable energy for all". In this sense, it has signed a collaboration agreement with the EKI Foundation to supply and finance photovoltaic solar installations that allow the generation of electricity in educational centres, health centres and other community buildings of social interest that do not have a stable and clean electricity supply.

Another of the strategic axes of the social action plan is the development through education, with the aim of promoting and improving the socioeconomic system with quality education as a basis for sustainable development, through social, environmental and professional photovoltaic training projects.

The third axis aims to raise awareness and promote sustainable development to increase solidarity and social awareness among Solarpack workers in particular, and of society in general, through, for example, specific communication campaigns around sustainable development, the SDGs and the 2030 Agenda.

The last axis of intervention is based on generating a culture of collaboration and solidarity among workers on the needs of other groups to promote and channel their volunteer concerns.

In the framework of the 6th anniversary of the approval of the SDGs that will take place next Saturday, September the 25th, Solarpack joins efforts with the campaign launched by the United Nations Global Compact and with this social action plan, by directly contributing to the promotion of the SDGs, social development, generating quality employment and creating social initiatives in the areas where it operates, with a clear commitment to monitoring projects and measuring their impact, as a way to improve their management, maximize their contribution, and reliably communicate their contribution to social development.

Disclaimer

Solarpack Corporación Tecnológica SA published this content on 23 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 September 2021 17:41:06 UTC.


ę Publicnow 2021
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Financials
Sales 2020 165 M 191 M 191 M
Net income 2020 14,3 M 16,6 M 16,6 M
Net Debt 2020 350 M 406 M 406 M
P/E ratio 2020 60,3x
Yield 2020 -
Capitalization 875 M 1 015 M 1 014 M
EV / Sales 2020 7,42x
EV / Sales 2021 10,1x
Nbr of Employees 266
Free-Float 43,9%
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Number of Analysts 4
Last Close Price 26,30 €
Average target price 29,00 €
Spread / Average Target 10,3%
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Managers and Directors
Pablo Burgos Galindez Chief Executive Officer & Executive Director
Jaime Gonzalez de Durana Head-Finance
Ignacio Artßzcoz Barrena Executive Chairman
Maria Fßtima Fernßndez Estepa Technical Director
Lujßn de la Rica Olaso Head-Administration & Control