In line with the position taken by the European Union, IBERDROLA develops its social responsibility policy and practices as part of its contribution to sustainable development, which is reflected in the definition of its mission, vision and values.
To put this into practice, the IBERDROLA, S.A. Board of Directors has approved a set of policies which must guide the Company's strategic definition and operational activities.
The Company's General Corporate Social Responsibility Policy [PDF] is intended to establish the basic principles and the general framework of activities for the management of corporate social responsibility practices assumed by the Company and the Group and to serve as the basis for integrating social responsibility into the Business Model of the Group and its strategy. The General Corporate Social Responsibility Policy is further developed and supplemented by various Social Responsibility Policies addressing specific needs and expectations of the Stakeholders.
The General Corporate Social Responsibility Policy applies to all companies within the Group, including the listed country subholding companies and subsidiaries thereof, with the special characteristics that may be established by the special framework of strengthened autonomy in each case. In other companies in which it holds a stake, the Company will urge their management bodies to adopt measures aligned with this policy.
IBERDROLA also has a Sustainability Policy [PDF] which, among other matters, places special emphasis on the environmental impact of the Company's operations. This is a priority for IBERDROLA, as shown by the progress made in emission-free installed power, which reaches 62%Note (*), as well as CO2 emissions, which are 30% below the average for the European electricity sector.
Three new social responsibility policies were approved in 2015: