Global Reporting Initiative. The top global standard for preparing sustainability reports in those companies that wish to assess their economic, environmental and social performance. This independent institution was created in 1997 as a joint project between PNUMA and CERES (Coalition for Environmentally Responsible Economies). Its aim is to enhance quality in the preparation of sustainability reports and put them at the same level as financial reports in terms of comparability, rigour, credibility, regularity and verifiability. To do so, it relies on the active participation of representatives from organisations involved in human rights, labour rights, research, the environment, etc. Spanish:GRI
Person appointed by the Board of Directors who has the duty to contribute to integration and coordination between the Company and the companies forming part of the Group, as well as to chair the Regulatory Compliance Unit, without prejudice to other duties for which he may be responsible in accordance with the Corporate Governance System or that may be assigned thereto by the Board of Directors. He is supported by the Office of the General Secretary. Spanish:Secretario general
General Shareholders' Meeting
Meeting at which the shareholders can decide on the matters within their purview by the majority established by law or in the by-laws. Spanish:Junta General de Accionistas
Global 100 Most Sustainable Corporations in the World
Organisation dedicated to the debate and analysis of key economic, technological and scientific strategies in the fight against climate change. IBERDROLA is the only Spanish electricity company among the founding members.
Organisation dedicated to the debate and analysis of key economic, technological and scientific strategies in the fight against climate change. IBERDROLA is the only Spanish electricity company among the founding members. Spanish:Global Roundtable on Climate Change
Good Governance Code of Listed Companies
Document approved by the CNMV on 18 February 2015 that contains the good governance recommendations with respect to which listed companies in Spain must report their level of compliance in their annual corporate governance report. Spanish:Código de buen gobierno de las sociedades cotizadas
Good Tax Practices Policy
Set of rules bringing into the Corporate Governance System of IBERDROLA, S.A. the general commitment to observe, engage in, and implement good tax practices in Spain and in other countries in which the companies belonging to the Group do business. Spanish:Política de buenas prácticas tributarias
Governance Model of the Group
Management system that reflects a division into two areas of decision-making and responsibility at the Group level. On the one hand, the Board of Directors, the chairman & chief executive officer, the chief operating officer, and the rest of the management team. On the other hand, the country subholding companies and the business subholding companies, which are organised based on their own boards of directors and management decision-making bodies. Spanish:Modelo de gobierno del Grupo
IBERDROLA refers to "green energy" as coming exclusively from 100% renewable energy sources, which are characterized by their maximum respect for the environment and by avoiding emissions of CO2 and other polluting gases. IBERDROLA green energy is certified in origin through Renewable Energy Certificates and in the commercial process by an external, independent body. Spanish:Energía verde
An increase in temperature in the atmosphere closest to the Earth's crust, brought on by the difficulty of radiant heat dissipation due to the presence of a layer of carbon monoxide from industrial emissions and deforestation. The carbon biogeochemical cycle naturally controls the transfer of this element among the Earth, the oceans and the atmosphere.
In the climate change context, emissions refer to the release of greenhouse gases and/or their precursors and aerosols into the atmosphere over a specified area and period of time. Spanish:Emisiones de gases de efecto invernadero
Greenhouse gases (GHGs)
Gases in the atmosphere that can retain heat radiating from the Earth outward, which therefore accentuate the greenhouse effect that triggers climate change.
Carbon dioxide (CO2) plays a leading role because it is one of the gases for which emissions have increased the most in recent decades and because it lasts for a long time in the atmosphere (50-100 years), for which reason it is particularly influential as a GHG. The temperature is approximately 15º C thanks to the "natural" greenhouse effect produced by CO2, water vapour and methane. The problem lies in the accentuation of this greenhouse effect by the gradual increase in emissions of CO2 and other GHGs due to human economic and industrial activities.