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

The Company is committed to contributing to the achievement of the Sustainable Development Goals (SDGs) approved by the United Nations (UN). It not only contributes decisively to meeting objectives seven and thirteen relating to the supply of affordable and clean energy and the fight against climate change, but in its daily activities also considers the seventeen goals as guidance in its decision-making processes, the principles of which inform its conduct and its daily tasks, rejecting actions that contravene them or hinder the achievement thereof.

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 Action

Social Commitment

Corporate Governance

Climate Action.

Climate Action

Climate change is one of the most important challenges that humanity must currently cope with. The Company recognises the contribution of its activities to climate goals and commits itself to taking on a leadership role in the fight against climate change, as well as to protecting the environment and biodiversity.

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 Action

Social Commitment

Corporate Governance

Shareholder Engagement.

Shareholder Engagement

The Company is committed 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 a sense of belonging, equal opportunity and non-discrimination, as well as the management of people, as a strategic objective. 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 a recognition of its multinational character, which is diversified, organised efficiently and coordinated around the Company and the country subholding companies and head of business companies, subject to basic common guidelines and the principle of subsidiarity, 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

The Company promotes a preventive culture based on the principle of “zero tolerance” towards improper conduct and acts that are illegal or contrary to law or the Governance and Sustainability System, on the one hand, and on the other the application of ethical principles and principles of responsible behaviour that should govern the conduct of all members of the management decision-making bodies, professionals and suppliers of the Company. This culture inspires its effective, autonomous, independent and robust Compliance System, which is under continuous review in order to adopt the most advanced international practices and trends and new regulatory requirements 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

The Company is committed to contributing to the achievement of the Sustainable Development Goals (SDGs) approved by the United Nations (UN). It not only contributes decisively to meeting objectives seven and thirteen relating to the supply of affordable and clean energy and the fight against climate change, but in its daily activities also considers the seventeen goals as guidance in its decision-making processes, the principles of which inform its conduct and its daily tasks, rejecting actions that contravene them or hinder the achievement thereof.

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 Action

Social Commitment

Corporate Governance

Climate change is one of the most important challenges that humanity must currently cope with. The Company recognises the contribution of its activities to climate goals and commits itself to taking on a leadership role in the fight against climate change, as well as to protecting the environment and biodiversity.

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 Action

Social Commitment

Corporate Governance

The Company is committed 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 a sense of belonging, equal opportunity and non-discrimination, as well as the management of people, as a strategic objective. 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 a recognition of its multinational character, which is diversified, organised efficiently and coordinated around the Company and the country subholding companies and head of business companies, subject to basic common guidelines and the principle of subsidiarity, 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

The Company promotes a preventive culture based on the principle of “zero tolerance” towards improper conduct and acts that are illegal or contrary to law or the Governance and Sustainability System, on the one hand, and on the other the application of ethical principles and principles of responsible behaviour that should govern the conduct of all members of the management decision-making bodies, professionals and suppliers of the Company. This culture inspires its effective, autonomous, independent and robust Compliance System, which is under continuous review in order to adopt the most advanced international practices and trends and new regulatory requirements 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

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2 
3<@liferay_util["html-top"]> 
4    <style> 
5     
6        .menu3-vertical.parent-selected,.menu4-vertical.parent-selected { 
7            display: block !important; 
8        } 
9        #decMenuVertical a.rotated { 
10            -moz-transform: rotate(-180deg); 
11            -o-transform: rotate(-180deg); 
12            -webkit-transform: rotate(-180deg); 
13            transform: rotate(-180deg); 
14        } 
15         
16        @media(max-width:959px) { 
17            div#decMenuVertical { 
18                display: none; 
19            } 
20        } 
21    </style> 
22</@>   
23    <#assign getHeader = request.getHeader("User-Agent")?lower_case /> 
24    <#assign isMobile= getHeader?contains("mobile") /> 
25    <#assign isIpad = getHeader?contains("ipad") /> 
26     
27     
28    <#if !isMobile> 
29    <div id="decMenuVertical"> 
30        <nav class="menu-vertical-izq" style="clear:both;" role="navigation" aria-label="Menú secundario"> 
31            <ul class="menu2-vertical" role="list" aria-expanded="true" aria-hidden="false"> 
32            <#list entries as nav_item> 
33                <#assign 
34                    nav_item_attr_has_popup = "" 
35                    nav_item_css_class = "" 
36                    nav_item_layout = nav_item.getLayout() 
37                /> 
38                <#if nav_item.isSelected()> 
39                    <#assign 
40                        nav_item_attr_has_popup = "aria-haspopup='true'" 
41                        nav_item_css_class = "activoN2" 
42                        nav_item_css_class2 = "ON" 
43                        parentSelected="parent-selected activo" 
44                        girado="rotated" 
45                    /> 
46                <#else> 
47                    <#assign 
48                        nav_item_css_class = "" 
49                        nav_item_css_class2 = "" 
50                        parentSelected="" 
51                        girado="" 
52                    /> 
53                </#if> 
54                <#if nav_item.isChildSelected()> 
55                    <#assign 
56                        childSelected = "activoN2" 
57                        nav_item_attr_has_popup = "aria-haspopup='true'" 
58                       child_display="display:block" 
59                        child_aria_expanded="true" 
60                        child_aria_hidden="false" 
61                        nav_item_css_class2 = "ON" 
62                    /> 
63                <#else> 
64                    <#assign 
65                        childSelected = "" 
66                        nav_item_attr_has_popup="" 
67                        child_display="display:none" 
68                        child_aria_expanded="false" 
69                        child_aria_hidden="true" 
70                    /> 
71                </#if> 
72                 
73                <#if nav_item.hasChildren()> 
74                            <#assign nav_item_attr_has_popup = "aria-haspopup='true'" /> 
75                <#else> 
76                    <#assign nav_item_attr_has_popup = "aria-haspopup='false'" /> 
77                </#if> 
78                <li ${nav_item_attr_has_popup} class="${nav_item_css_class} opcion-${nav_item?index} ${childSelected}" id="layout_${nav_item.getLayoutId()}" role="presentation" aria-controls="menu-${nav_item?index}"> 
79                    <a title="${nav_item.getName()}" aria-labelledby="layout_${nav_item.getLayoutId()}" ${nav_item_attr_has_popup} class="${nav_item_css_class2}" href="${nav_item.getURL()}" ${nav_item.getTarget()} role="menuitem"><span> ${nav_item.getName()}  
80                        <#if nav_item.getTarget()?contains("_blank")>  
81                            <img alt="ventana nueva" class="ven-new" src="/o/iberdrola-corporativo-theme/images/comunes/ventana_nueva.png"> 
82                            <span class="sr-only txt-aa">External link, opens in new window.</span> 
83                        </#if> 
84                             
85                        </span></a> 
86                    <#if nav_item.hasChildren()> 
87                        <a href="javascript:void(0)" class="tiene-hijos3 ${girado}"></a> 
88     
89                        <ul id="menu-${nav_item?index}" aria-controls="menu-${nav_item?index}" class="menu3-vertical ${parentSelected}" role="list" aria-expanded="${child_aria_expanded}" aria-hidden="${child_aria_hidden}" aria-labelledby="opcion-4" style="${child_display}" role="menu"> 
90                            <#list nav_item.getChildren() as nav_child> 
91                                <#assign 
92                                    nav_child_css_class = "" 
93                                    nav_child_css_class2 = "" 
94                                /> 
95                                
96                                <#if nav_child.hasChildren()> 
97                                            <#assign  
98                                                nav_item_attr_has_popup = "aria-haspopup='true'" 
99                                                child_display="display:none" 
100                                            /> 
101                                <#else> 
102                                            <#assign nav_item_attr_has_popup = "aria-haspopup='false'" /> 
103                                </#if> 
104                                <#if nav_child.isChildSelected()> 
105                                    <#assign 
106                                        childSelected = "activoN3" 
107                                        nav_item_attr_has_popup = "aria-haspopup='true'" 
108                                        parentSelected="parent-selected activo" 
109                                        girado="rotated" 
110                                        child_aria_expanded="true" 
111                                        child_aria_hidden="false" 
112                                        child_display="display:block" 
113                                        nav_child_css_class2="ON" 
114                                    /> 
115                                <#else> 
116                                    <#assign 
117                                        childSelected = "" 
118                                        nav_item_attr_has_popup="" 
119                                        parentSelected="" 
120                                        girado="" 
121                                        child_aria_expanded="false" 
122                                        child_aria_hidden="true" 
123                                        child_display="display:none" 
124                                    /> 
125                                </#if> 
126                                 <#if nav_child.isSelected()> 
127                                    <#assign 
128                                        nav_child_css_class = "selected activoN3" 
129                                        nav_child_css_class2 = "ON" 
130                                        child_display="display:block" 
131                                    /> 
132                                </#if> 
133                                <li ${nav_item_attr_has_popup} class="${nav_child_css_class} opcion-${nav_item?index}-${nav_child?index} ${childSelected}" id="layout_${nav_child.getLayoutId()}" role="presentation"> 
134                                    <a class="${nav_child_css_class2}" title="${nav_child.getName()}" aria-labelledby="layout_${nav_child.getLayoutId()}" href="${nav_child.getURL()}" ${nav_child.getTarget()} role="menuitem" aria-controls="menu-${nav_item?index}-${nav_child?index}"><span>${nav_child.getName()} 
135                                         <#if nav_child.getTarget()?contains("_blank")>  
136                                            <img alt="ventana nueva" class="ven-new" src="/o/iberdrola-corporativo-theme/images/comunes/ventana_nueva.png"> 
137                                            <span class="sr-only txt-aa">External link, opens in new window.</span> 
138                                        </#if> 
139                                    </span></a> 
140                                                <#if nav_child.hasChildren()> 
141                                                    <a href="javascript:void(0)" class="tiene-hijos4 ${girado}"></a> 
142                                                  
143                                                    <ul id="menu-${nav_item?index}-${nav_child?index}" aria-controls="menu-${nav_item?index}-${nav_child?index}" class="menu4-vertical ${parentSelected}" role="list" aria-expanded="${child_aria_expanded}" aria-hidden="${child_aria_hidden}" aria-labelledby="opcion-${nav_item?index}-${nav_child?index}" style="${child_display}" role="menu"> 
144                                                        <#list nav_child.getChildren() as nav_child2> 
145                                                            <#assign 
146                                                                nav_child_css_class = "" 
147                                                                nav_child2_css_class2 = "" 
148                                                            /> 
149                                                            <#if nav_child2.isSelected()> 
150                                                                <#assign 
151                                                                    nav_child_css_class = "selected activoN4" 
152                                                                    nav_child2_css_class2 = "ON" 
153                                                                /> 
154                                                            </#if> 
155                                                            <#if nav_child2.hasChildren()> 
156                                                                <#assign nav_item_attr_has_popup = "aria-haspopup='true'" /> 
157                                                            <#else> 
158                                                                <#assign nav_item_attr_has_popup = "aria-haspopup='false'" /> 
159                                                            </#if> 
160                                                            <li ${nav_item_attr_has_popup} class="${nav_child_css_class}  opcion-${nav_item?index}-${nav_child?index}-${nav_child2?index}" id="layout_${nav_child2.getLayoutId()}" role="presentation"> 
161                                                                <a class="${nav_child2_css_class2}" title="${nav_child2.getName()}" aria-labelledby="layout_${nav_child2.getLayoutId()}" href="${nav_child2.getURL()}" ${nav_child.getTarget()} role="menuitem"><span>${nav_child2.getName()}  
162                                                                        <#if nav_child2.getTarget()?contains("_blank")>  
163                                                                            <img alt="ventana nueva" class="ven-new" src="/o/iberdrola-corporativo-theme/images/comunes/ventana_nueva.png"> 
164                                                                            <span class="sr-only txt-aa">External link, opens in new window.</span> 
165                                                                        </#if> 
166                                                                </span></a> 
167                                                            </li> 
168                                                        </#list> 
169                                                    </ul> 
170                                                </#if> 
171                                </li> 
172                            </#list> 
173                        </ul> 
174                    </#if> 
175                </li> 
176            </#list> 
177        </ul> 
178    </nav> 
179    </div> 
180     
181    </#if>