#transparency

The economic, environmental and social activity of companies is subject to scrutiny by a large number of specialised agencies. Analysis of this activity is very often reflected in the publication of specific indexes and reports on the subject

Iberdrola supports all initiatives that encourage the development of market mechanisms that aid the transparency of information which may help to facilitate competition in energy markets. The EU regulation regarding the integrity and transparency of the wholesale energy markets (REMIT), requires all generators to publically declare as quickly as possible and in as much detail as possible the current status of power facilities. This includes any problems at the generation facility that could lead to lower performance or plant outages.

A non-fungible token (NFT) is a unique, unrepeatable and indivisible digital asset that, linked to the development of blockchain technology and the cryptocurrency phenomenon, is gaining more and more attention. Auction houses, for example, are positioning themselves to use this technology, as are artists, athletes and even gamers. Below, we look at the peculiarities of these digital assets and why they are booming.

Iberdrola's Governance and Sustainability System is founded on ethics, transparency and best international practice in matters of good management, with the aim of defending the public interest and creating sustainable value for all its Stakeholders. The company supports a culture of zero tolerance towards corruption and fraud and promotes the study and dissemination of the principles of business and professional ethics.

Iberdrola group has recently reworded its Corporate Stakeholder Engagement Policy in the belief that this is a key element in its responsible and sustainable business model and that in today's complex and uncertain scenario fostering greater stakeholder engagement rises as a key priority.

The Financial Stability Board (FSB) created the Task Force on Climate-related Financial Disclosures (TCFD) in 2015, which is a working group to encourage companies to inform their investors about the risks related to climate change and the way in which they are managing them. Here, we present the progress made by Iberdrola in implementing the 11 recommendations prepared by this organisation.