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Compliance

The Company's certified environmental management systems make it possible to identify the legal requirements that apply to its activities and also to assess fulfilment of those requirements. Compliance reports are prepared in those cases where the management system is not yet fully implemented.

Every year, the Company's Sustainability Report provides complementary information on environmental legal proceedings brought against companies managed directly by IBERDROLA.

Aspect: Compliance with regulations

Incidents relating to the environment during financial year 2012 involved the following fines and sanctions:

FINES RELATING TO THE ENVIRONMENT
FINES RELATING TO THE ENVIRONMENT 2012 2011 2010
FINES IMPOSED (€) 4,999,137 143,505 1,392,432

 

Most of the fines imposed during the financial year were in Brazil, amounting to 4,466,443 euros, which affected hydroelectric projects under construction and which have been appealed by the Company. The other geographic areas maintain the levels of prior years: 78,601 euros in Spain, 13,374 euros in the United States of America, and 440,719 euros in the other countries.

 

NON-MONETARY SANCTIONS, SANCTION PROCEEDINGS, AND ARBITRATIONS
NON-MONETARY SANCTIONS, SANCTION PROCEEDINGS, AND ARBITRATIONS 2012 2011 2010
Non-monetary sanctions (nº) 9 0 0
Sanction proceedings (nº)     13 5 4
Cases being resolved through arbitration or similar mechanisms (nº) 0 0 0

 

There were five non-monetary sanctions in Spain, three in Hungary, and one in Brazil.

251,000 euros in fines from prior financial years were reduced or nullified in 2012.

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