THE DRIVING IDEAS OF THE GOVERNANCE AND SUSTAINABILITY SYSTEM

The Driving Ideas of the Governance and Sustainability System

Leadership in corporate governance and transparency is one of the hallmarks of Iberdrola's identity: The Board of Directors therefore regularly reviews the Governance and Sustainability System, keeping it updated and including therein the good governance recommendations and best practices generally accepted in international markets.

In order to disseminate the content thereof and to assist in searching by subject matter, symbols are included together which each norm that identify the main "driving ideas" contained therein:

 

Sustainable Development Goals.

Sustainable Development Goals

Iberdrola takes into consideration, in its daily activities, the seventeen Sustainable Development Goals (SDGs) approved by the United Nations and, in particular, contributes to the objectives relating to the supply of affordable and clean energy and the fight against climate change.

The rules of the Governance and Sustainability System that include the Sustainable Development Goals "driving idea" are the following:

By-Laws

Purpose

Environment and Climate Change

Social Commitment

Corporate Governance

Climate Action.

Climate Action

Iberdrola recognises the seriousness of the threat of global warming and commits to taking on a leadership role in the fight against climate change.

The rules of the Governance and Sustainability System that include the Climate Change and Environment "driving idea" are the following:

By-Laws

Purpose

Environment and Climate Change

Social Commitment

Corporate Governance

Shareholder Engagement.

Shareholder Engagement

The Company commits to a proactive search for two-way interaction with the Company's shareholders in order to encourage their engagement in corporate life and forge a sense of belonging, maintaining a constructive, ongoing and effective dialogue with them.

The rules of the Governance and Sustainability System that include the Shareholder Engagement "driving idea" are the following:

By-Laws

Purpose

Corporate Governance

Diversity and Inclusion.

Diversity and Inclusion

The Company has established the development of professional relationships based on diversity, inclusion and sense of belonging, equal opportunity and non-discrimination in the management of people. In particular, it regards the achievement of gender equality within the Company to be one of the essential values of the organisation.

The rules of the Governance and Sustainability System that include the Gender Diversity "driving idea" are the following:

By-Laws

Purpose

Social Commitment

Corporate Governance

Decentralised Structure.

Decentralised Structure

The corporate and governance structure of the Iberdrola group is based on the organisation around the Company and the various country subholding companies and head of business companies, which seeks a balance between decentralised management and the exploitation of the synergies that arise from belonging to the group.

The rules of the Governance and Sustainability System that include the Decentralised Structure "driving idea" are the following:

By-Laws

Purpose

Corporate Governance

Compliance.

Compliance

Iberdrola promotes a culture of "zero tolerance" towards corruption and fraud that inspires its effective and independent compliance system, which is under continuous review in order to incorporate the most advanced international practices in this area.

The rules of the Governance and Sustainability System that include the Compliance "driving idea" are the following:

By-Laws

Purpose

Social Commitment

Corporate Governance

Iberdrola takes into consideration, in its daily activities, the seventeen Sustainable Development Goals (SDGs) approved by the United Nations and, in particular, contributes to the objectives relating to the supply of affordable and clean energy and the fight against climate change.

The rules of the Governance and Sustainability System that include the Sustainable Development Goals "driving idea" are the following:

By-Laws

Purpose

Environment and Climate Change

Social Commitment

Corporate Governance

Iberdrola recognises the seriousness of the threat of global warming and commits to taking on a leadership role in the fight against climate change.

The rules of the Governance and Sustainability System that include the Climate Change and Environment "driving idea" are the following:

By-Laws

Purpose

Environment and Climate Change

Social Commitment

Corporate Governance

The Company commits to a proactive search for two-way interaction with the Company's shareholders in order to encourage their engagement in corporate life and forge a sense of belonging, maintaining a constructive, ongoing and effective dialogue with them.

The rules of the Governance and Sustainability System that include the Shareholder Engagement "driving idea" are the following:

By-Laws

Purpose

Corporate Governance

The Company has established the development of professional relationships based on diversity, inclusion and sense of belonging, equal opportunity and non-discrimination in the management of people. In particular, it regards the achievement of gender equality within the Company to be one of the essential values of the organisation.

The rules of the Governance and Sustainability System that include the Gender Diversity "driving idea" are the following:

By-Laws

Purpose

Social Commitment

Corporate Governance

The corporate and governance structure of the Iberdrola group is based on the organisation around the Company and the various country subholding companies and head of business companies, which seeks a balance between decentralised management and the exploitation of the synergies that arise from belonging to the group.

The rules of the Governance and Sustainability System that include the Decentralised Structure "driving idea" are the following:

By-Laws

Purpose

Corporate Governance

Iberdrola promotes a culture of "zero tolerance" towards corruption and fraud that inspires its effective and independent compliance system, which is under continuous review in order to incorporate the most advanced international practices in this area.

The rules of the Governance and Sustainability System that include the Compliance "driving idea" are the following:

By-Laws

Purpose

Social Commitment

Corporate Governance