Anti-Corruption and Fraud Policy
Under the new duties imposed on legal entities by the Spanish Criminal Code after its amendment by Organic Act 5/2010 on 22 June, the Iberdrola Spain Foundation is required to implement effective measures for the prevention and control of possible irregular or fraudulent situations in its activities.
Our Policy against corruption and fraud [PDF] has the purpose of projecting to the trustees, members of the Board of Trustees, and professionals of the Foundation, as well as third parties who are related to it, a resounding message of opposition to fraud and corruption in all their manifestations and show the Foundation’s will to combat them in its activities, thereby contributing to achieving goal sixteen of the Sustainable Development Goals (SDGs) approved by the United Nations (UN).
This Policy was passed by the Board on 19 December 2023 and represents our standing commitment to be constantly vigilant and prepared to sanction any fraudulent acts and behaviour, to apply effective reporting mechanisms and raise awareness among all professionals, as well as fostering a business culture based upon ethics and honesty.
Prevention of Money Laundering and the Financing of Terrorism
Fundación Iberdrola España has also put in place regulations to prevent money laundering and the financing of terrorism [PDF] . These regulations take into account best practice for Foundations on the prevention of money laundering and the financing of terrorism, which includes heeding the provisions of Act 10/2010 of 28 April.
