Corporate Governance

The corporate governance policies and rules ensure the proper operation of Iberdrola's main corporate decision-making bodies, administration and management and the development of the business generally, all in accordance with applicable law.

In particular, these policies and rules are structured into three parts: (i) corporate governance and regulatory compliance policies; (ii) risk policies and (iii) rules on governance of the corporate decision-making bodies and of other internal functions and committees.

Introduction to Book Five - Corporate Governance [PDF]

Part I. Corporate Governance and Regulatory Compliance Policies

General Corporate Governance Policy
Adopted by the Board of Directors of Iberdrola Energía España, S.A.U. at a meeting on 05/02/2024.
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Policy for the Definition and Coordination of the Iberdrola Group and Foundations of Corporate Organization
Adopted by the Board of Directors of Iberdrola Energía España, S.A.U. at a meeting on 12/03/2024.
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Brand Policy
Adopted by the Board of Directors of Iberdrola Energía España, S.A.U. at a meeting on 05/02/2024.
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Auditor Contracting and Relations Policy
Adopted by the Board of Directors of Iberdrola Energía España, S.A.U. at a meeting on 07/02/2024.
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Iberdrola Group Financial Information Preparation Policy
Adopted by the Board of Directors of Iberdrola Energía España, S.A.U. at a meeting on 07/02/2023.
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Iberdrola Group Non-Financial Information Preparation Policy
Adopted by the Board of Directors of Iberdrola Energía España, S.A.U. at a meeting on 11/07/2023.
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Compliance and internal reporting and whistleblower protection system policy
Adopted by the Board of Directors of Iberdrola Energía España, S.A.U. at a meeting on 11/07/2023.
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Anti-Corruption and Anti-Fraud Policy
Adopted by the Board of Directors of Iberdrola Energía España, S.A.U. at a meeting on 11/07/2023.
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Competition law compliance policy
Adopted by the Board of Directors of Iberdrola Energía España, S.A.U. at a meeting on 11/07/2023.
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Corporate Tax Policy
Adopted by the Board of Directors of Iberdrola Energía España, S.A.U. at a meeting on 07/02/2023.
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Personal Data Protection Policy
Approved by the Board of Directors of Iberdrola Energía España, S.A.U. at a meeting on 11/07/2023.
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Part II. Resilience, innovation and transformation policies

Operational resilience policy
Adopted by the Board of Directors of Iberdrola Energía España, S.A.U at a meeting on 12/03/2024
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Innovation policy
Adopted by the Board of Directors of Iberdrola Energía España, S.A.U at a meeting on 05/02/2024
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Quality policy
Adopted by the Board of Directors of Iberdrola Energía España, S.A.U at a meeting on 05/02/2024
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Policy on the development and responsible use of artificial intelligence tools
Adopted by the Board of Directors of Iberdrola Energía España, S.A.U at a meeting on 12/03/2024
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Corporate security policy
Adopted by the Board of Directors of Iberdrola Energía España, S.A.U at a meeting on 12/03/2024
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Part III. Risk Policies

General Risk Control and Management Policy
Adopted by the Board of Directors of Iberdrola Energía España, S.A.U. at a meeting on 12/03/2024.
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Summary of the Corporate Risk Policies
Adopted by the Board of Directors of Iberdrola Energía España, S.A.U. at a meeting on 09/04/2024.
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This summary includes the following policies:

• Corporate Credit Risk Policy
• Corporate Market Risk Policy
• Operational Risk in Market Transactions Policy
• Insurance Policy
• Investment Policy
• Financing and Financial Risk Policy
• Treasury Share Policy
• Risk Policy for Equity Interests in Listed Companies
• Purchasing Policy
• Information Technology Policy
• Cybersecurity Risk Policy
• Reputational Risk Framework Policy
• Occupational Safety and Health Policy

Summary of the Specific Risk Policies for the different Businesses in the Group
Adopted by the Board of Directors of Iberdrola Energía España, S.A.U. at a meeting on 12/03/2024. The Board of Directors of Iberdrola Energía España, S.A.U. adopts those policies set out in this summary that are applicable to it:

• Risk policy for electricity production and customers of the Iberdrola Group in Spain.

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Governance Rules of the Corporate Decision-Making Bodies and other Functions and Internal Committees

Basic Internal Audit Regulations [PDF]
Approved by the Board of Directors of Iberdrola Energía España, S.A.U. at its meeting of 12/03/2024.

Compliance Division Regulation [PDF]
The version of these regulation currently in effect was approved by the Board of Directors of Iberdrola Energía España, S.A.U. at a meeting on 05/02/2024.

Code of Incompatible Activities of Iberdrola Group Spain Companies with Regulated Activities [PDF]
The text of the version of this code that is currently in effect was approved by the Board of Directors of Iberdrola Energía España, S.A.U. at a meeting on 05/02/2024.