ACCIONA is an organisation that stands out due to the expert knowledge of its teams, its capacity to create real changes in the sectors in which it operates, a consistent long-term vision and its vocation to take the lead in what it sets out to do. Our innovative Sustainability Master Plans (SMPs), which we cover in these reports, are an example and a driving force behind these principles. This year they will explain in detail the degree of progress and results of the 80 transformation levers that make up the current SMP2025, grouped into its four pillars: People-centric, Planet Positive, Integrate to Transform and Exponential Leadership. 2022 was our record year for new infrastructure agreements, with a cumulative backlog of 22 billion euros, a renewables pipeline that grew by +8 GW, from ~30 GW to ~38 GW, and significant growth in other businesses, based on sustainable transformational technologies in which ACCIONA has significant competitive advantages. And with this increase in activity, reducing emissions is a challenge.