Corporate Governance

Our corporate governance policies and rules

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 05/02/2024.
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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 07/02/2023.
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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 04/09/2024.
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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 Risk 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 31/12/2020.