Iberdrola, selected as the most transparent company of the Ibex 35
- Transparency International has analysed the energy group on the basis of five parameters: human rights, regulatory compliance, anti-corruption programmes, organisational transparency and country-by-country reporting.
Iberdrola has been selected as the most transparent company in the Ibex 35 by Transparency International. The institution presented today the conclusions of the Corporate Transparency Index on Integrity, Compliance and Human Rights of the Ibex 35 companies, with the support of the Ministry of Foreign Affairs, European Union and Cooperation and the Compliance Professionals Association (CUMPLEN).
The report, which is being published for the first time in Spain, analyses the public information of the 35 leading listed companies according to five parameters: human rights, regulatory compliance, anti-corruption programmes, organisational transparency and country-by-country reporting. In addition, the study includes several cross-cutting areas, such as the relationship with the supply chain, equality and information on internal policies and procedures.
The Institute also positively valued the fact that the company has promoted ESG (environmental, social and governance) criteria among its more than 22,000 suppliers around the world, from which it purchases €20 billion a year. The group led by Ignacio Galán has set a target that 70% of its more than 1,000 main suppliers worldwide - those with a turnover with the company of more than €1 million - will be governed by ESG criteria this year.
In recent years, Iberdrola has been recognised on several occasions for its information transparency. In fact, it has recently been included in CDP's A List 2021, completing the journey through disclosure, awareness, management, and finally environmental leadership. The ranking measures the completeness of disclosure, awareness and management of environmental risks and best practices associated with the environment, such as setting ambitious and meaningful targets.
CDP manages the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. CDP is regarded by the world economy as the gold standard for environmental reporting and has the richest and most comprehensive data on corporate and city actions.
In addition, the group is listed in the main international sustainability indices, including the Dow Jones Sustainability Index, MSCI, Sustainalytics, Bloomberg GEI, Euronext Vigeo Eiris indices, Global100, EcoVadis, etc.