The following initiatives undertaken by IBERDROLA in recent years in relation to Corporate Social Responsibility are worth noting:
The Board of Directors of IBERDROLA has approved the following policies:
In June, IBERDROLA's Reputation and Social Responsibility Committee approved its 2015-2017 CSR Plan, which was subsequently submitted to the Operating Committee and the Board's CSR Committee. This plan reinforces our commitment to sustainable development and the creation of differential value.
IBERDROLA approved the Supplier Code of Ethics, since suppliers are strategic stakeholders. Specific principles of action have been established for suppliers, in line with the Group's principles and values, that must be accepted by the Group's suppliers and which are attached to all contracts.
The Company has joined the BetterCoal initiative, which drives the promotion of corporate social responsibility standards in the international coal supply chain and transparency in the information on the operations of the main producers.
The Board of Directors of IBERDROLA recognises the importance of sustainability in all the actions carried out by the Company and the Group's companies and has therefore approved the Sustainability Policy.
The Board of Directors of IBERDROLA has approved the Corporate Security Policy in order to guarantee the effective protection of the people, assets and information of both the Company and the companies making up the Group.
IBERDROLA approves its CSR Plan for the period 2013-2014.
IBERDROLA, together with another five major companies in the IBEX35, sets up the Corporate Excellence Foundation - Centre for Reputation Leadership, a think-tank dedicated to promoting the management of intangibles as a strategic value for excellence in business.
The Board of Directors of IBERDROLA sets up the Corporate Social Responsibility Committee, with information, advisory and proposal-making powers within its scope of action.
The Board of Directors ratifies the accession of Iberdrola to the Code of Good Tax Practices. This initiative reinforces the commitment of the company with the best corporate governance practices, transparency and tax cooperation and collaboration with the Public Administration in detecting fraud. The code, discussed and approved by the Forum of Large Companies, is a pioneering initiative, a collaboration between the Spanish Tax Agency and a wide representation of the business community, where Iberdrola takes part, and based on the principles of transparency and mutual trust.
New Global Reporting Initiative (GRI) indicators for the electricity sector are added to the Sustainability Report.
IBERDROLA is one of the signatories to the Global Round Table on Climate Change.
Presentation of the 2007 Sustainability Report for public scrutiny by an Independent Expert Committee from outside the company.
Application of the methodology of the internationally recognised London Benchmarking Group (LBG) to IBERDROLA’s social contribution programmes.
Presentation of the 2006 Sustainability Report audited according to the limited insurance level established by the standard ISAE 3000 with regard to the application of the criteria of standard AA1000 AS and of the Global Reporting Initiative Guide (GRI).
Commitment to the Millennium Development Goals, through the Forum of Corporate Reputation, with the initiative “A better world for Joana”.
Participation, as founding member, in the creation of the group LBG-Spain, to apply the methodology for measuring corporate contributions to the community, developed by LBG.
Presentation of a Sustainability Report with external verification of compliance with GRI guidelines for the presentation of information in Sustainability Reports.
Inclusion of information on Corporate Social Responsibility in the Group’s Annual Report.
Participation in the constitutional meeting for the Spanish Association for the Global Compact (ASEPAM).
Incorporation into the Forum of Corporate Reputation.
Adherence to the United Nations World Pact.
Participation, as Founding Partner, in the Club of Excellence in Sustainability.
For more information, please refer to the 2015 Sustainability Report [PDF].