Sustainability Report

Corporate Governance

Ethics and transparency as confidence generators

Our framework of integrity and good governance comprises the code of conduct and the policy paper, ensuring accountability in our management.

We work to progressively implement measures to improve Good Governance, thus adding real value to the Company.

During 2014 we have:

• Expanded the scope of risk identification study to 12 countries
• Conducted the external diagnosis regarding the Prevention of Crime and Corruption for the totality of our activities in Spain
• We have also initiated the development of a Human Rights Risk Diagnosis with global coverage

Our people

Talent and leadership

ACCIONA is committed to its main asset, its internal staff, developing initiatives that promote improvements in training, recruitment, equal opportunities and health and prevention.

We develop initiatives to consolidate a safe environment in the workplace and make a special effort to continuously improve the safety and health of workers:

• ‘April 28’ National Award and secondary ICASEL Award for Occupational Risk Prevention
• Setting specific goals in relation to Occupational Risk Prevention according to each workplace
• Offering nearly 400,000 hours of training to employees at all levels during 2014

Innovation

A future plenty of challenges

ACCIONA innovation is the tool that allows us to be more efficient, create new business opportunities and anticipate market movements.

ACCIONA's efforts in R + D + i, with a certified investment of 174.9 million euros, put the Company in the seventh place at European level in innovation intensity. This has resulted in:

• 25% reduction in the cost of energy production of the AW3000 wind turbine
• New assembly procedures for wind turbines and wind turbine towers
• European Environment Award in the category "Product and/or Service for Sustainable Development" for the use of composite materials.

Environment

Our raison d'être

ACCIONA is aware of the environmental variable in all decisions, integrating it into operational business and developing measures to reduce its footprint on the planet.

We strengthen our position as a leader company contributing to the fight against climate change, investing in renewable solutions, offsetting and finding innovative solutions to be at the forefront of the most advanced environmental standards:

• Avoiding the emission of 16.3 million tons of CO₂
• Generating a positive net contribution to the water footprint of 532 Hm3³
• 560 million euros of environmental economic numbers

Value Circle

Quality management

ACCIONA extends sustainability to suppliers, contractors and employees, as well as to procedures, products and services. The client and his satisfaction are a priority for the Company.

We manage responsibly our supply chain, providing greater transparency in purchasing processes, and promoting local hiring:

• 93% of the purchases made come from local suppliers
• The overall level of customer satisfaction is 86%

Society

Commitment to shared value

ACCIONA seeks to generate positive impacts in the communities where it operates by assessing and managing the social impact of its projects, as well as implementing an extensive program of social initiatives.

To design and plan activities in the field of social development, our Social Action Plan identifies the real needs of the communities where it operates.

• Installation by the Microenergía Foundation of 900 and 1,150 photovoltaic systems in Peru and Mexico, respectively
• 20 projects in more than 12 countries have introduced the methodology of social impact management
• 860 volunteers in more than 10 countries and 11.17 million euros of social contribution

Stakeholder engagement

Listen before acting

To provide practical and sustainable answers it is necessary to have a strategy based on the different expectations and interests of the stakeholder groups of ACCIONA, promoting direct dialogue with customers, communities, investors and authorities involved in the decision making process.

Through participation in various forums, conferences and dialogues, ACCIONA aligned and conveyed his vision and entrepreneurial ambition, linked to sustainability, to its stakeholders.

• Participation, in collaboration with other companies and trade associations, in the process of reforming the energy regulatory framework in Spain and the EU
• Fluid and constant communication with analysts and investors (284 in total)
• Thematic meetings on Sustainability with clients of the main business divisions

Dissemination and leadership

Sustainable positioning

ACCIONA is a world leader in sustainability, both for its strategic value and for the disclosure of its corporate model of sustainability.

ACCIONA actively participates in international initiatives that reinforce its commitment to sustainable development, the fight against climate change and the spread of these subjects.

• The only Spanish company among the World's 100 Most Sustainable Companies (Global 100 Most Sustainable Corporations in the World 2014)
• Support for the Statement for Carbon Pricing led by the World Bank
• Adherence to the Trillion Tonne Communiqué, an initiative led by Corporate Leaders Group

Accountability

Comprehensive and transparent

ACCIONA, according to the most advanced international reporting standards, provides detailed information on its activities, strategies and practices of sustainability.

The commitments towards the challenges of sustainability borne by ACCIONA are measurable, verifiable and transparent. This transparency means accountability to stakeholders. The main milestones of this work during 2014 were:

• Approval by the General Meeting of Shareholders of the 2013 Sustainability Report
• Obtaining RobecoSAM 2015 Silver Class commendation in the 2015 Sustainability Yearbook
• Awarded as world leader in combating climate change and recognized as one of the most sustainable supplier companies in the world by Carbon Disclosure Project