Iberdrola Energía España
We bring clean energy to end-users and thus we drive the energy transition to continue building a better world for generations to come.
About us
Iberdrola Energía España
Iberdrola Energía España, S.A.U. is a parent company of the Iberdrola group with registered offices in Spain, which carries out the activities of marketing and supplying electricity and natural gas to end users both in Spain and abroad, as well as products and services focused on decarbonisation and the purchase and sale of energy on wholesale markets.
The above-mentioned activities are carried out by Iberdrola Energía España, S.A.U. both in Spain and abroad and are carried out either directly, in whole or in part, or through the ownership of shares, equity interests, quotas or equivalent interests in other companies or entities.
Sustainability
Our commitments
As a head of business company of the Iberdrola Group, Iberdrola Energía España S.A.U. shares its vision and values, and adopts the same social responsibility commitments, policies and practices.
Environmental management systems
In Spain we have an Environmental Management System (Spanish version) [PDF] in place, which we implemented and certified in accordance with the UNE-EN ISO 14001:2004 standard in 2006. The Spanish Association for Standardisation and Certification (AENOR) renews it every three years and it enables us to reduce environmental risks, improve resource management and optimise investments and costs.
Innovation
With innovation at our core, we invest in the development of innovative and sustainable technologies, aligned with the fundamental vectors of the transformation of the energy sector: the adoption of renewable energies, the promotion of smart grids and the electrification of transport, buildings and industry.
Corporate governance
Iberdrola Energía España exercises the corresponding executive responsibilities, taking care of the ordinary management and effective management of the aforementioned business, as well as its ordinary control, through its Board of Directors and its management bodies.
Board of directors of Iberdrola Energía España
The Board of Directors is conferred with the broadest powers to manage and represent the Company and focuses its activity on coordinating and overseeing ordinary management and control and effective management of the electricity and natural gas retail business, according to the policies, strategies and general guidelines established by Iberdrola S.A. and Iberdrola España, S.A.U., focusing on those matters of particular significance for the Company, as set out in its By-laws [PDF].
It also entrusts ordinary management of the company to the executive board members and directors, who oversee and manage the electricity and natural gas retail business.
Type of Directors
- Proprietary ()
- Executive ()
- External ()
Type of Directors
Proprietary ()
Executive ()
External ()
Consultative Committees of Board of Directors
Audit and Compliance Committee
Ethics, transparency and good governance
Iberdrola Energía España, S.A.U.'s Governance and Sustainability System is inspired by and based upon a commitment to ethical principles, transparency and leadership in the application of the best international practices in good governance for non listed companies, and goes around three major vectors: environmental, social and corporate governance. Undergoing a constant process of review and improvement, it incorporates the principal recommendations of the international markets and the most advanced trends in this area. It is one of the hallmarks of its identity, making Iberdrola group an international leader in good practices.
The board of directors of Iberdrola Energía España, S.A.U., as well as, where appropriate, the CEO, will carry out their functions and powers with unity of purpose, independence of judgment and fidelity to the social interest, in accordance with the Purpose and Values of the Iberdrola group and its Code of Ethics, the General Sustainable Development Policy and the Stakeholder Engagement Policy, observing in their actions the provisions of the applicable regulations, and therefore in the regulations on the separation of regulated activities, as well as in the Bylaws and internal rules of corporate governance approved by its governing bodies and, in particular, the rules of organization and internal operation that it establishes within the framework of its power of self-organization.
Iberdrola Energía España's Governance and Sustainability System
Learn about Iberdrola Energía España’s Governance and Sustainability System, which is its internal system of rules and is made up of its own rules and policies based on the Purpose and Values of the Iberdrola Group, as well as other Group-level compliance rules that have been approved by Iberdrola, S.A. and Iberdrola España, S.A. and adopted by Iberdrola Energía España.
In the performance of its responsibilities and the exercise of its decision-making power, Iberdrola Energía España, S.A.U. (the “Company” or “Iberdrola Energía España”) has approved its own set of internal rules, referred to as the Governance and Sustainability System.
The Company’s Governance and Sustainability System was created as an organised internal system of rules for the first time on 6 October 2022, adopting the Group-level corporate policies and other internal regulations approved by Iberdrola, S.A., in its capacity as the holding company of the Iberdrola Group, of which Iberdrola Energía España is a part, and which were therefore applicable thereto.
Since then, the Company’s Governance and Sustainability System has been constantly evolving in parallel with the development of Iberdrola España and its controlled companies, such that the Company’s own specific regulations now go far beyond those adopted from Iberdrola, S.A.
In accordance with the foregoing, Iberdrola Energía España’s Governance and Sustainability System is made up of both specific rules approved by the competent bodies of the Company and rules, foundations, policies and principles approved by the Board of Directors of Iberdrola, S.A. in its capacity as a holding company, as well as the Board of Directors of Iberdrola España, S.A. in its capacity as a Sub-holding company, and which, in view of the applicability of these regulations to the Iberdrola España Group as a whole, the Company has adopted as its own and incorporated into its Governance and Sustainability System.
This regulatory framework is structured into four books: (i) an introductory book, which includes the Ethical and Basic Principles of Governance and Sustainability of the Iberdrola Group as well as the Purpose and Values of the Iberdrola Group; (ii) book one, which includes the By-Laws and the rules governing its corporate organisation; (iii) book two, with the Corporate Policies approved by the Board of Directors and grouped into four blocks: transparency and good governance; human and social capital; natural capital; and sustainable value chain; and (iv) book three, which contains a robust regulatory framework relating to internal audit, risk management and corporate control, as well as compliance.
Iberdrola Energía España develops its strategy in accordance with a purpose and certain values to which all of the entities and persons forming part of the Iberdrola Group are committed, the common denominator of which is the achievement of the corporate interest and the social dividend, within the framework of its firm commitment to sustainability.
It has an equally firm commitment to unwavering vigilance and the punishment of acts that are illegal or contrary to law or the Governance and Sustainability System, which is expressed in the approval of a range of Compliance rules, notably the Code of Conduct for Directors, Professionals and Suppliers, which is intended to ensure that the conduct of the Company, its professionals and its value chain is in accordance with ethical principles, the law and the Governance and Sustainability System.
Part I Transparency and Good Governance
Part II Human and Social Capital
Part III Natural capital
Part IV Sustainable Value Chain
Driving Ideas of the Iberdrola Energía España's Governance and Sustainability System
Leadership in sustainability, corporate governance and transparency and an ethics-based culture are hallmarks of the identity of Iberdrola Energía España, S.A.U. (the “Company”).
The Company’s Board of Directors therefore regularly reviews the Governance and Sustainability System, keeping it updated and including therein the good governance recommendations and best practices generally accepted in international markets.
In order to facilitate the dissemination of the content thereof and to assist in searching by subject matter, symbols are included together with each rule or policy that identify the main “driving ideas” contained therein:
The sustainable creation of long-term value governs the Company’s actions, reflecting its aspiration to contribute to the implementation of a value chain that is respectful of the environment, transparent and ethical within the framework of a culture of excellence, and permits even-handed remuneration of the groups contributing to the success of its business enterprise. In this way, the sustainable creation of long-term value drives the social dividend that the Company shares with its Stakeholders, consistently with its institutional nature and in accordance with its purpose and values, as well as with its commitment to efficiency.
In terms of safety, security and operational resilience, the Company establishes rules and develops instruments that enable it to achieve a position of leadership in innovation, transformation and the responsible use of artificial intelligence in the energy sector, strengthening its competitiveness and development in the markets in which it operates.
The Company is committed to interaction with its various Stakeholders and to actively listening to them in order to encourage their engagement in corporate life, maintaining a direct, fluid, transparent, constructive, diverse, inclusive and intercultural dialogue.
The corporate and governance structure and Business Model of the Iberdrola Group are based on a recognition of its multinational and multi-corporate character, which is diversified, organised efficiently and coordinated around Iberdrola, S.A., the country subholding companies and the head of business or country companies. All of them are subject to basic common guidelines and the principle of subsidiarity, which seeks a balance between decentralised management and the exploitation of the synergies that arise from belonging to the Group, allowing for the separation of the duties of strategic definition, organisation, coordination and supervision and the day-to-day and effective management of the businesses.
The sustainable strengthening and management of human capital is part of the Company’s sustainability strategy. This responds to inescapable social challenges, objectives and goals, such as respect for human rights, the development of professional relationships based on equal opportunity and non-discrimination, the prevention of harassment and the firm intention to combat it, promotion of talent, merit and skill, appropriate knowledge management, professional development, and the balance between personal and professional life.
The Company will continue to develop a leading position in contributing to the achievement of real and global energy electrification that achieves the development of industry and the economy through the development of sustainable energies generated from renewable sources and grid infrastructures, progressive traction on their respective value chains, improving the circularity of its activity and reducing polluting emissions, gradually introducing the most efficient and least carbon-intensive technologies in its facilities in order to promote self-sufficiency and competitiveness. In addition, it will seek to integrate climate action into its internal strategic planning and decision-making processes and boost the response to climate change and the protection of the environment and biodiversity.