The Contribution and transparency 2019 report, which measures the annual progress of companies with the aim of boosting their accountability in terms of fiscal responsibility, compiles a fiscal transparency table of all IBEX 35 companies. Red Eléctrica occupies the top position in the table, with a maximum score of 24 out of 24 points, and is present in the category of ‘transparent companies’ alongside Endesa, which has achieved the same score.
The document highlights the best practices undertaken by leading companies who are showing others the way forward, in accordance with a number of responsible fiscal principles with regard to visibility, accessibility, and integrity of their up-to-date fiscal information.
In this regard, and according to this report, Red Eléctrica assumes its fiscal responsibility with full transparency, thus contributing to the economic and social development of the countries in which it operates through the tax contribution paid to the corresponding tax authorities.
The fiscal strategy of the Red Eléctrica Group, aligned with its Commitment to Sustainability 2030, is based on three fundamental values: transparency, good governance and responsibility. Thus, Red Eléctrica’s leadership in fiscal transparency reflects the company’s commitment to offering accessible and detailed tax information.
The acknowledgement by the Commitment and Transparency Foundation confirms the company's commitment to foster continual improvement and to promote knowledge of the Group’s fiscal matters in an ever clearer and more accessible way for its stakeholders, while also providing motivation to continue to applying best practices in the management of fiscal matters.