THE IBERDROLA GROUP'S FOUNDATIONS
Since Iberdrola group was established, it has been committed to the energy, cultural and social development of the communities in which it operates. The work of our different foundations, in line with the UN Sustainable Development Goals (SDGs), is essential to fulfill with this commitment.
Foundations: we put energy into what really matters.
Through its foundations, Iberdrola's group promotes social initiatives that support the economic, social and cultural development of the territories where it carries out its business activity. The foundations of Iberdrola, among its aims, promote positive changes for the sustainable development of the planet and the most vulnerable people.
SOCIAL IMPACTS OF THE IBERDROLA GROUP FOUNDATIONS
During the 2020 financial year, the Iberdrola Group foundations spent approximately €12 M on support programmes for the communities where the company operates in the areas of training and research, social action, art and culture, biodiversity and in the institutional sphere.
Global impacts of Iberdrola foundations in Fiscal Year 2020.
You can know the activities of our Foundations:
Fundación Iberdrola Mexico (Spanish version)
To guarantee appropriate coordination between the different Foundations, the Iberdrola group Foundation Committee was created in June 2014, which is responsible for establishing an appropriate framework for collaboration, to coordinate activities of general interest and corporate responsibility with which they are entrusted. In December of the same year the Board of Trustees approved a new 2018-2021 Master Plan for all of the group's Foundations. Through their Master Plan, the foundations have updated their mission, vision and values to include contributing to the Sustainable Development Goals (SDG) among their aims and principles.
In June 2014, the Board of Directors of Iberdrola approved a change in the Corporate Governance system in relation to the different group Foundations. This change means that each of the subholding companies is connected to organisations of a foundation nature, separate from the company structure, but responsible for executing the Corporate Social Responsibility strategy designed by the Board of Directors of Iberdrola S.A.
The main objective of the Foundations Committee is to advise within the Company, without executive duties, to provide support and advise the chairman of the Board of Directors on drawing up and executing the Management Plan that must be applied by the foundations or other organisations of a foundational nature that group companies have entrusted with performing activities of general interest and corporate social responsibility. This committee may also provide support and advice in relation to the planning, design and execution of the Iberdrola group's corporate social responsibility strategy.
This Committee defines the general strategy of the Iberdrola Foundations, to promote social actions that promote sustainable development based on selfless solidarity.
Composition Comittee of Foundations:
- Ignacio Sánchez Galán, Chairman of Iberdrola
- Fernando García Sánchez, Chairman of Fundación Iberdrola
- Daniel Alcaín López, Control and Administration Manager
- Santiago Martínez Garrido, Director of Legal Services of the Iberdrola group and Secretary of the Committee of Fundaciones Iberdrola
- Ramón Castresana Sánchez, Director of the Foundation Comittee
Iberdrola Foundations Committed is committed to the Sustainable Development Goals (SDG), through specific goals in each work area defined by this new Master Plan [PDF]. For the 2018-2021 period, Foundatiosn are working for a transformative social business action that promotes positive changes for the most vulnerable people and the planet.