Greenalia is an independent energy producer based in Spain that operates across the US and Europe. They exclusively use renewable technologies, such as wind, solar, and forest biomass, to generate and store electricity. In 2025, Greenalia partnered with Clarity AI to conduct a comprehensive ESG assessment in support of their latest green bond issuance in October 2025. This collaboration enables Greenalia to attract investors and partners who trust Clarity AI’s data, giving them an easy-to-understand ESG risk score and ways to keep improving it in the future.
The Opportunity
The Solution
The Results
A Long-Term Commitment to ESG
For Greenalia, sustainability isn’t just a trend or a regulation, it’s a fundamental value that drives everything they do. They’ve been integrating ESG across all their operations for many years, with their first Sustainability Plan 2019-2023, their second Sustainability Plan 2024-2028, and have issued green bonds in 2021 and 2024 as part of their overall strategy.
Clara Pastur Valdés, ESG Specialist at Greenalia, is part of the team driving these efforts. Her role for the past two years has focused on reporting, sustainability plan development and managing and following up on Greenalia’s ESG objectives. Her current priorities are continued growth in investments, and also expanding into the US market, with Greenalia’s perspective on sustainability always top of mind.
“After finalizing our previous Sustainability Plan 2019-2023, we developed our new sustainability plan for 2024-2028, which is an active plan because we review it every six months. The priorities are divided into planet, people, government, and prosperity,” said Clara. “Our main goals for this year are deeper stakeholder engagement, bold action on climate goals, and the advancement of renewable energy projects that drive long-term impact.”
Preparing for a Green Bond and Attracting Investors
Greenalia faced a familiar challenge with the recent issuance of new green bond. But while they’ve issued green bonds in the past, their approach to them has matured as their company has grown.
“This is a new stage of our development in terms of both our sustainability ESG practice and our ESG financing strategy we’ve been developing for some time now,” explained Beatriz Mato, Chief Sustainability Officer at Greenalia. “We aim to make sure that we not only do good with our investment and our business, but also with the oversight of the whole chain: the sourcing of the money, executing the projects, and supervising those projects not just to be compliant but with our values and our DNA as a company.”
“We aim to make sure that we not only do good with our investment and our business, but also with the oversight of the whole chain: the sourcing of the money, executing the projects, and supervising those projects not just to be compliant but with our values and our DNA as a company.” – Clara Pastur Valdés, ESG Specialist at Greenalia
To achieve these holistic and ambitious targets, they needed more than a tool: they needed a true partner to help them measure their performance, define new improvement actions, and undergo evaluation by a recognized third party to transparently share results with their stakeholders.
“We were open to finding the best partner that we can to make this more professional, more grounded in the most recent regulation, and with state of the art technology that can help us be more agile and help us move forward,” said Beatriz.
“Our finance director communicated that he’d heard Clarity AI is the best in the business from other friends in the industry. So, we decided to listen to what the market was saying.” – Clara Pastur Valdés, ESG Specialist at Greenalia
This will be the 5th Green Bond of Greenalia in recent years. These types of financial instruments perfectly suit Greenalia’s financial and ESG strategies.
Their previous green bonds were designed to support their growth in the last strategic plans, part of which had to do with showing the market how their investment is aligned with the sustainability agenda and the movement of the markets towards more sustainable, ESG-compliant investments than capital mobilization.
Value-Aligned Growth is Easier with Clarity AI
Empowered by Clarity AI’s solutions, Greenalia was able to tackle two key challenges: getting a third-party review during a time of changes in regulation, and delivering actionable improvements in ESG Risk Management.
CHALLENGE 1
Getting a Third-Party Review During a Time of Changing Regulations
Before 2019, Greenalia was a small-to-medium enterprise but steadily growing. In 2019, they developed their first sustainability plan and entered a new stage of their development of both sustainability in their business practices and their ESG funding strategies.
While this internal growth was occurring, there was a significant burst of finance ESG regulations happening simultaneously.
“The last 5 years have been an exponential boiling point with regulations going back and forth. Amidst that process, we’ve been continuously evaluating through our sustainability committee what are some of the partners and frameworks and structures that best suit our needs and our investors’ needs and the market needs,” said Beatriz.
Greenalia initially used some other platforms to guide them in their ESG strategy through these times of growth and regulation to ensure they were compliant with both the laws and their values. As their ESG team and internal expertise expanded, they were regularly evaluating their tools and technology to support their goals and share their strategy in a way that gave investors confidence in their risk management approach.
“As we continued to progress, we started seeing new movers, new technologies, new partners, and the use of AI. And we were watching this and continually checking the market for some of the new opportunities and partnerships to support our investments and our financing,” said Beatriz.
When they made the switch to Clarity AI, they found it significantly easier to use and also to implement the findings the tool provides. This provides them with a meaningful competitive advantage.
“Having seen the evolution of some of these tools, I would say that compared to what we’ve seen in the past, [Clarity AI] is more user-friendly. It’s more visual, it reduces the cost of processing, of replying, of complying with some requirements. It’s a substantial improvement.” – Beatriz Mato, Chief Sustainability Officer at Greenalia
With Clarity AI, Greenalia gained not only an easier-to-use platform but also a more effective way to align with regulations when they change and demonstrate to investors that their sustainability strategy was sound. This ability to measure and share the value of their sustainability strategy helped strengthen investor confidence and supported their successful bond issuance.
CHALLENGE 2
Delivering Actionable Improvements in ESG Risk Management
While sustainability is now part of Greenalia’s DNA, the bigger challenge was making it more than just a compliance exercise. The team needed clear insights into where they had room for improvement, which areas to prioritize, and how to continually strengthen their ESG risk management strategy.
“Initially sustainability was like a foreign topic for a lot of folks in the company,” said Beatriz. “Clara’s been working for some time to make it more user-accessible, to make the language more clear to the folks in the front line. And if we translate that also to the tool, we clearly see progress.”
Sustainability as an idea is one thing, but implementing the practices and procedures that make a company truly sustainable is a large, long-term project. This is another place where Clarity AI’s in-depth quantitative data has helped Greenalia make measurable, substantial progress towards their goals.
“This has been a path of evolution for us, as we grew the team and internal knowhow on sustainability, green financing, and ESG ratings,” said Beatriz.
Clarity AI’s peer benchmarking capabilities have been especially valuable. They enable the team to quickly assess whether Greenalia’s performance aligns with the industry average by providing reference points for each indicator. They also make it easier to pinpoint the areas with the greatest potential for improvement, allowing the team to prioritize policies, practices, and processes that will have the most impact.
The ESG Risk Score has also been a key driver of action. At a glance, it shows internal stakeholders and investors where Greenalia stands versus peers, and it gives the team a roadmap for improvement. They can update data, track progress in real time, and introduce or formalize policies where needed, all while demonstrating to investors that sustainability is not static but continually improving.
Summary of Results: Sustainable Financial Growth
Greenalia has successfully completed their ESG assessment to put them in the best possible position to issue their new green bond. Clarity AI’s platform has empowered Greenalia to:
Attract investors
Implement improvements
Benchmark against peers
What’s Next for Greenalia
After issuing their latest green bond, Greenalia is looking forward to attracting new investors and opening a new market in the US. Clarity AI will help them stay aligned with the still-changing regulations in both the US and Europe, supporting the growth they envisioned in their latest strategic plan.
Greenalia’s continued expansion and smart growth strategies all but ensure their continued success as a leader in renewable energy.