The group's highest level of management proposes to its shareholders the incorporation of Professor Sara de la Rica, which would raise the percentage of female board members to 42.8%, almost double the Spanish average.
WOMEN ON BOARDS OF DIRECTORS
We are the top IBEX 35 company for percentage of women on our Board of Directors
The group's highest level of management has proposed to its shareholders the incorporation of Professor Sara de la Rica, which has raised the percentage of female board members to 42.8%, almost double the Spanish average.
The Board of Directors of Iberdrola has agreed to call the 2019 General Shareholders Meeting for Friday 29 March on first call. The order of the day included several points regarding the composition of the Board of Directors. The most significant of them was the appointment of the University of the Basque Country's Professor of Economics, and current direct of the ISEAK foundation, Sara de la Rica, as a new member of the board.
Iberdrola thus has become the top IBEX 35 company in terms of percentage of women on the Board of Directors, with 42.8% of female board members out of a total of 14 members. Sara de la Rica thus has joined María Helena Antolín Raybaud, Samantha Barber, Denise Mary Holt, Georgina Kessel Martínez e Inés Macho Stadler, the members of Iberdrola's Board of Directors.
FEMALE TALENT AT THE TOP TABLE
Iberdrola is the first IBEX 35 company in terms of percentage of women on the Board of Directors.
Promoting a balanced representation of men and women is one of the Iberdrola group's fundamental principles. This was established as a firm commitment in the Equal Opportunity and Reconciliation Policy [PDF], approved by the Board of Directors on 19 July 2016 and last revised on 23 October 2018.
In the text, Iberdrola makes clear its intention to "achieve balanced representation in the various bodies and decision-making strata, ensuring that both genders participate in conditions of equal opportunities in all spheres of consultation and decision-making within the group". And to achieve this it undertakes to "guarantee the principle of equal opportunities in the professional development of both genders within the group, removing any obstacles that might impede or hinder their career for reasons of gender".
IBERDROLA IN THE FIGHT FOR GENDER EQUALITY
But the company does not restrict itself to reducing the gender gap in administrative functions, but also for the diversity to extend to intermediate management, technical posts and access to employment. Iberdrola is thereby moving forward in its commitment to the UN Sustainable Development Goals for 2030, specifically SDG 5, which focuses on the fight for gender equality since it is, as well as being a fundamental human right, the essential base for achieving a peaceful, prosperous and sustainable world.
The progress made by the group on this subject has been acknowledged at global level: Iberdrola has been included for the second consecutive year in the Bloomberg Gender-Equality Index (GEI). The company is once again the only Spanish electricity company present in this report, which honours companies committed to transparency in information on gender issues and progress in equality between women and men. Among the conclusions of the 2019 Gender Equality Index, under the heading Breaking the glass ceiling, the following stand out:
- The percentage of female executives has increased by 40% between 2014 and 2017.
- The global average of women on Boards of Directors has doubled.
- Among the companies surveyed, 43% of promotions made in 2017 were women.
In Iberdrola's case, the percentage of women in executive positions is ever-increasing. The group also has a non-executive vice-president — Inés Macho Stadler — and over 200 female directors in charge of strategic areas such as renewable business, global taxation, European affairs, internal audit and compliance, among others.