IBERDROLA maintains a strategy based on strong involvement in the communities where it operates. This commitment to the creation of social value is perfectly aligned with the Company's corporate strategy defined in our Business Plans.
IBERDROLA's contribution to society is based on the main impacts of its own business activity: supplying a product as essential as energy, significant investments in basic infrastructures, promotion of local supplier networks in the countries where it operates, creation of qualified jobs, contributions to the public treasuries via taxes, etc., as detailed in the Company's Strategic Plan. Moreover, IBERDROLA seeks to become a long-term investor in the economies in which our company is present in order to generate socially sustainable economic value.
For more information on IBERDROLA's relationship with society, please refer to the "Sustainability Reports" available on "Publications and Reports" section on this website and on the website of Fundación IBERDROLA.
As part of the social responsibility policies, the Board of Directors of IBERDROLA has approved the Policy on Respect for Human Rights [PDF], which sets out the Group’s commitment to human and labour rights recognized in domestic and international legislation and to the principles of the United Nations Global Compact, the Guiding Principles on enterprises and human rights: implementation of the United Nations framework to “protect, respect and remedy”, the OECD Guidelines for multinational enterprises, the International Labour Organisation’s Tripartite Declaration of Principles concerning multinational enterprises and Social Policy, as well as the documents or texts that may replace or supplement the above principles.
To achieve the above goals, the Group undertakes to implement due diligence procedures to identify situations and activities with a high risk of infringing human rights and put in place mechanisms for preventing and mitigating such risk in its activities and in those of its suppliers.
In addition, IBERDROLA has the following tools to implement respect for human rights, which have been approved by the Board of Directors and are binding on the Group’s professionals and companies:
In 2002 IBERDROLA subscribed to the United Nations Global Compact and in 2004 it was a founding member of the Spanish Network of the UN Global Compact. Today, IBERDROLA is a member of its executive committee and submits the annual information on the progress made in fulfilling the commitments undertaken, which is available on the Spanish Network of the UN Global Compact.
IBERDROLA subscribes to and/or also participates in other programmes, projects and initiatives, both worldwide and in the various countries in which it operates. These include particularly the following:
IBERDROLA is a member of relevant organisations within the industry and other organisations of interest in terms of sustainability in the countries in which it operates. They are listed in section G4-16 of the 2014 Sustainability Report [PDF].
IBERDROLA also carries out a wide range of activities to improve the well-being of various groups in the societies where the company is established, which are described in the Fundación IBERDROLA.