Talent attraction and creating lasting relationships with the communities are two of the distinctive capabilities for companies to be successful in the 21st century. Both tasks, integrating their human capital and integrating themselves into their environment, require companies to open to an increasingly rich and plural society. Especially for those present in multiple countries. READ FULL LETTER READ FULL LETTER READ FULL LETTER By recognising and embracing differences, companies better serve their purpose and values and shape a more genuine and enduring identity. Therefore, promoting diversity and inclusion is an essential task for any company that seeks to create sustainable value with its activity. Iberdrola’s evolution over the past 20 years -in which, in parallel to becoming one of the three largest electric utilities in the world by capitalisation, we have doubled the percentage of women in the workforce and have increased the number of nationalities to 89- is a good example of this. The main sustainability indices also recognise the value of this track record. Since we joined the United Nations Global Compact in 2002, we have received numerous awards, both generic ones (such as our presence in the Dow Jones Sustainability Index in its 23rd edition) as well as specific to diversity and inclusion (including being part of the Bloomberg Gender Equality Index for the sixth year). The Group’s more than 40,000 employees demonstrate every day how the variety of their experiences, backgrounds and cultures makes us stronger and more innovative. And we are encouraging the adoption of our sustainable policies and practices, including of course those relating to diversity and inclusion, among our 20,000 suppliers. Our track record and our pioneering nature are both a source of satisfaction and a great responsibility. We are aware that there is still a long way to go, and we want to go hand in hand with all our employees, partners, and other stakeholders in order to continue to be a reflection of a better society. All of this is reflected in detail in this report, which we are producing as an exercise in transparency, and which also serves to explore new areas for improvement. We are fully convinced that this will enable us to provide an even better service to the more than 100 million people who rely on us, while helping to build a more inclusive, diverse and therefore fairer, world. Ignacio S. Galán