Governance and Sustainability System

In the performance of its responsibilities and in the exercise of its decision-making powers, Iberdrola Energía Internacional, S.A.U. (the "Company" or "Iberdrola Energía Internacional") has approved its own internal regulations, called the Governance and Sustainability System.

The Company's Governance and Sustainability System was established for the first time as a systematised internal regulation system on 25 April 2019, by means of adopting those corporate policies and other internal regulations approved by Iberdrola, S.A. – in its capacity as holding company of the Iberdrola Group – with projection on such Group, to which Iberdrola Energía Internacional belongs to, and, in view of this, applied to the Company.

Since then, the Company's Governance and Sustainability System has been constantly evolving, in parallel with the development and growth of Iberdrola Energía Internacional and its subsidiaries, in such a way that, currently, the Company's own and specific regulations far exceed those originally approved by, and subsequently adopted from, Iberdrola, S.A.

In accordance with the above, the Governance and Sustainability System of Iberdrola Energía Internacional is made up of both specific rules approved by the competent bodies of the Company, and rules, foundations, policies and principles approved by the Board of Directors of Iberdrola, S.A. in its capacity as holding company and that, in view of the projection that these regulations have on the Iberdrola Group as a whole, they have been adopted by the Company as its own and incorporated into its Governance and Sustainability System.

This set of regulations is structured in four books: (i) the preliminary book which includes, among others, the Ethical and Basic Principles of Governance and Sustainability of the Iberdrola Group [PDF], as well as the Purpose and Values of the Iberdrola Group [PDF]; (ii) the first book, which includes the Company's By-Laws [PDF] and the rules governing its corporate organisation, including the Foundations for the Definition and Coordination of the Iberdrola Group [PDF]; (iii) the second book, which includes the Corporate Policies grouped into four blocks: transparency and good governance; human and social capital; natural capital and sustainable value chain; and (iv) the third book, which contains the regulations relating to internal audit, corporate risks and control, as well as compliance. 

The Company develops its strategy in accordance with a purpose and values to which all the entities and individuals that are part of the Iberdrola Group are committed, and which common feature is the achievement of the corporate interest and the social dividend, within the framework of its firm commitment to sustainability.

The Company is equally committed to the permanent surveillance and sanction of irregular conducts acts which are illegal or contrary to the law or the Governance and Sustainability System. This firm commitment is reflected is a set of regulations approved in the areas of Compliance, highlighting the Code of Conduct for Directors, Professionals and Suppliers [PDF], which aims to ensure that the actions and activities of the Company, its professionals and the members of its value chain comply with ethical principles, legality and the Governance and Sustainability System.