La Organización se rige por las recomendaciones que recoge el Código de Buen Gobierno de las Sociedades Cotizadas de la Comisión Nacional del Mercado de Valores (CNMV), así como las mejores prácticas nacionales e internacionales relativas a esta materia.

El Consejo de Administración es el máximo órgano de gestión y representación, a excepción de algunos asuntos que se reservan a la Junta General de Accionistas. Compuesto por un grupo de profesionales con diversidad de conocimientos, orígenes, experiencias, nacionalidades y género, trabajando cada día en su gestión desde la integridad y la transparencia, de la forma más eficiente y eficaz, su misión es desempeñar sus funciones con unidad de propósito e independencia de criterio, dispensar el mismo trato a todos los accionistas que se hallen en la misma posición y guiarse por el interés social, entendido como la consecución de un negocio rentable y sostenible a largo plazo, que promueva su continuidad y maximización del valor económico de la empresa.

El Consejo de Administración de ACCIONA está compuesto por doce miembros:

• Diez son externos. De ellos, ocho son consejeros independientes (incluyendo el Consejero Independiente Coordinador y las cinco mujeres miembros del Consejo de Administración) y dos consejeros dominicales.

• Dos de los doce componentes son consejeros ejecutivos.

La mayoría de los miembros del Consejo de Administración posee experiencia en materia de sostenibilidad, en términos generales, así como en otros ámbitos también relacionados con las incidencias, riesgos y oportunidades relacionados a lo largo del presente informe.

Comisión de Auditoría y Sostenibilidad

En relación con las cuestiones ambientales, sociales y de gobernanza tratadas en el presente Informe de Sostenibilidad, la Comisión de Auditoría y Sostenibilidad tiene como función primordial, apoyar al Consejo de Administración en la supervisión de la información contable, financiera y no financiera, las buenas prácticas de sostenibilidad, en materias medioambientales y sociales, los servicios de auditoría interna y externa y la gestión de riesgos. Para el desempeño de su función la Comisión cuenta con las siguientes competencias:

• Revisar periódicamente y supervisar la eficacia de los sistemas de control interno y la gestión de riesgos de la Sociedad y su grupo, abarcando aspectos financieros, operativos, tecnológicos, legales, sociales, medioambientales, políticos, reputacionales y aquellos vinculados a la corrupción

• Establecer y supervisar mecanismos que permitan a empleados y otras partes relacionadas reportar irregularidades de relevancia

• Supervisar que la política de control y gestión de riesgos incluya la totalidad de los riesgos a los que se enfrenta la compañía, tanto financieros como no financieros

Comisión de Nombramientos y Retribuciones

En relación con los consejeros y directivos de ACCIONA:

• Formular y revisar los criterios que deben seguirse para la composición del Consejo de Administración y el equipo directivo

• Evaluar las competencias, conocimientos y experiencia del Consejo de Administración

• Velar por que los procedimientos de selección no se vean afectados por sesgos implícitos

• Proponer al Consejo de Administración las condiciones básicas de los contratos del equipo directivo

ACCIONA cuenta con un modelo de gobernanza diseñado para integrar la gestión de riesgos, oportunidades e impactos materiales en la toma de decisiones.

Gobierno de la sostenibilidad

La Comisión de Auditoría y Sostenibilidad, es el órgano que sirve de apoyo a los miembros del Consejo de Administración en la supervisión de la información contable, financiera y no financiera, de las mejores prácticas sobre sostenibilidad, de los servicios de auditoría interna y externa y de la gestión de riesgos.

La Comisión se reúne, en función de sus necesidades, un mínimo de cuatro veces al año. Es una práctica habitual de la comisión incluir entre los asuntos a tratar en sus reuniones cuestiones relativas a la Sostenibilidad.

Principales temas ESG tratados en las reuniones de 2024:

• Resultados del análisis de doble materialidad e IROs • Actualización de Políticas Corporativas • Seguimiento de principales puntuaciones obtenidas en ratings ESG • Seguimiento de asuntos de especial relevancia en materia de Ciberseguridad • Evolución ACCIONA Carbon Technologies • Avances en la definición del Plan Director de Sostenibilidad 2030 • Seguimiento del avance en la consecución del objetivo del Plan Director de Sostenibilidad 2025, incluyendo:

• Mujeres en posiciones gerenciales o directivas
• Plantilla con discapacidad
• Proyectos 50:50
• Peso indicadores sostenibilidad en bono
• Frecuencia de accidentes
• Fallecidos
• Modelo de gestión de riesgos y oportunidades en la cadena de suministro
• Alineamiento con taxonomía europea de actividades sostenibles

El Estado de Información No Financiera se somete a revisión y aprobación por parte de la Junta General de Accionistas tal como exige la Ley 11/2018. En 2024, la Junta General de Accionistas aprobó el informe de 2023 con el voto favorable del 99,97% del capital asistente.

Política de remuneraciones

La Sociedad se ha regido durante este año bajo la Política de Remuneraciones vigente que puede consultarse en la web de la Compañía.

La política de remuneraciones de la sociedad, incluyendo la de los miembros del Consejo de Administración que ejercen funciones ejecutivas, se rige por los siguientes principios generales:

• Coherencia con la estrategia de negocio • Gobierno corporativo y transparencia • Diseño equilibrado • Equidad interna • Alineamiento con la práctica de mercado • Vinculación con las condiciones de los empleados

La compañía tiene un Plan 2020-2029 de Incentivo a Largo Plazo (PILP) vinculado a la Creación de Valor dirigido a los consejeros Ejecutivos de ACCIONA, S.A. que persigue el objetivo de alinear la remuneración a los objetivos e intereses a largo plazo de la Sociedad.

La retribución variable de los consejeros depende los resultados financieros y no financieros de la Organización. El peso de la variable de sostenibilidad es del 12,5% y está asociada, entre otros, a la consecución de objetivos en materia de:

• Generación de emisiones GEI • Presencia en ratings de sostenibilidad • Alineamiento de CapEx con la taxonomía europea de actividades sostenibles • Índice de frecuencia de accidentes • Igualdad de género en puestos directivos y predirectivos

La implementación de la estrategia de sostenibilidad de la compañía y el cumplimiento de los compromisos, están vinculados a un porcentaje de la retribución variable de directivos, gerentes y parte del personal técnico y de soporte. Esta evaluación anual contempla la consecución de objetivos de sostenibilidad tales como la reducción de emisiones de gases de efecto invernadero, la presencia en índices y rankings ESG de reconocido prestigio o el cumplimiento de las metas ligadas a la igualdad de género.

ACCIONA asume un compromiso firme con la debida diligencia en materia medioambiental y de derechos humanos. Este compromiso se materializa en una serie de políticas, prácticas y acciones concretas que buscan minimizar los impactos negativos de las operaciones y maximizar los beneficios ambientales y sociales.

Marco normativo y gobernanza

En consonancia con los Objetivos de Desarrollo Sostenible (ODS), los Principios Rectores de la ONU sobre las Empresas y los Derechos Humanos y las Líneas Directrices de la OCDE para Empresas Multinacionales, ACCIONA basa su compromiso con el respeto y la protección del medioambiente y de los derechos humanos, en la Carta Internacional de Derechos Humanos y los Convenios de la Organización Internacional del Trabajo (OIT) relativos a los derechos fundamentales en el trabajo, y los acuerdos internacionales sobre protección medioambiental.

Código de Conducta

El Código de Conducta de ACCIONA, disponible para todos los colaboradores y socios comerciales, asegura que cada persona y entidad que interactúe con la compañía esté comprometida con prácticas responsables. Los principios de actuación y ética del Código reflejan el compromiso de ACCIONA con el respeto de los derechos humanos y el medioambiente.

Política de medioambiente

La Política de medioambiente de ACCIONA establece el marco para gestionar la estrategia de protección, preservación y mejora del medioambiente. Esta Política define los principios de conducta empresarial responsable que orientan la identificación, evaluación y gestión de las dependencias, impactos, riesgos y oportunidades relacionados con los ecosistemas y sus componentes.

Principios de la Política de medioambiente:

• Cumplimiento normativo: ACCIONA cumple rigurosamente con la normativa ambiental vigente • Prevención de los daños: ACCIONA se compromete a evitar y revertir los efectos adversos ocasionados por la contaminación o la sobreexplotación de los recursos naturales • Impacto positivo: ACCIONA impulsa un enfoque más allá de la mitigación de impactos negativos consciente del deterioro progresivo del planeta

Política de derechos humanos

La Política de derechos humanos de ACCIONA establece el marco para la protección y promoción de los derechos humanos y las libertades fundamentales en todas las actividades de la Organización.

Principios de la Política de Derechos Humanos:

• Igualdad de trato y oportunidades: ACCIONA promueve una cultura de respeto e inclusión, prohibiendo la discriminación • Libertad de empleo: prohíbe el trabajo forzoso, cualquier forma de esclavitud moderna y la trata de personas • Libertad de asociación: respeta y promueve la libertad de asociación, la sindicalización y el reconocimiento efectivo del derecho a la negociación colectiva • Condiciones laborales seguras y saludables: ACCIONA promueve un entorno de trabajo digno, seguro y saludable • Respeto a las comunidades donde opera: reconoce que su compromiso con los derechos humanos incluye a las personas y comunidades que pueden verse afectadas por sus actividades

DEBIDA DILIGENCIA

ACCIONA implementa el proceso de debida diligencia en sus operaciones estructurado en seis etapas definidas en la Guía para una Conducta Empresarial Responsable:

• Identificación y evaluación de riesgos e impactos • Mecanismos de detección: ACCIONA dispone de canales de comunicación y reclamación específicos, incluyendo el Canal Ético • Mitigación de efectos adversos: ACCIONA integra los resultados de las evaluaciones en los sistemas de gestión y control interno • Seguimiento y mejora continua: ACCIONA revisa periódicamente sus procesos internos • Rendición de cuentas: ACCIONA comunica públicamente los riesgos e impactos evaluados • Remediación: ACCIONA se compromete a establecer mecanismos legítimos y eficaces para la remediación • Colaboración con las autoridades: ACCIONA colabora de manera activa y plena con las autoridades competentes

La gestión de riesgos es un proceso integrado en la gestión estratégica de ACCIONA impulsada desde el Consejo de Administración. A través de dicho proceso se identifican, valoran y gestionan aquellas situaciones que potencialmente podrían suponer un impacto financiero en la compañía y en sus actividades.

El proceso de gestión de riesgos en materia de sostenibilidad se lleva a cabo de manera continua. Cada evento de riesgo (económico-financieros, estratégicos, operativos y fortuitos) se valora en función de criterios de probabilidad, impacto económico-financiero, daño reputacional, impacto en sostenibilidad y desarrollo, capacidad de la empresa para gestionarlo y gestión del riesgo decidido por la empresa.

En el análisis se utilizan cuatro perspectivas: de mercado, financiera, tendencias emergentes (incluyendo ciberseguridad) y sostenibilidad, también conocida como no financiera o ESG.

Órganos responsables:

• La Comisión de Auditoría y Sostenibilidad supervisa los procedimientos internos de control, gestión y mitigación de riesgos del Grupo • El Comité de Dirección tiene la responsabilidad de determinar la tolerancia de los riesgos • La Unidad de Gestión de Riesgos Corporativa es responsable de diseñar, definir, dirigir, seguir y comunicar la implantación del Sistema de Gestión de Riesgos • La Dirección Global de Sostenibilidad es el órgano ejecutivo en el que se apoya la Unidad de Gestión de Riesgos Corporativa

Gestión de Riesgos en el proceso de desarrollo de negocio

ACCIONA ha desarrollado una metodología a partir de la cual las oportunidades de negocio se someten a distintas fases de análisis y aprobación. El análisis realizado desde el área de Sostenibilidad cubre los siguientes ámbitos:

• Alineamiento de la oportunidad con la estrategia de sostenibilidad de la compañía • El impacto potencial de la oportunidad sobre los indicadores (KPIs) de desempeño de sostenibilidad • El contexto ambiental, social y comunitario de la zona • Los riesgos de contestación social y potenciales controversias del proyecto

Evaluación, gestión y control interno de los riesgos e impactos de los proyectos en curso

En 2024, las más de 700 instalaciones de ACCIONA resultantes han sido evaluadas en función de su geolocalización, la probabilidad de materialización de los riesgos identificados y el indicador de consecuencia económico-financiera asociado a cada variable de sostenibilidad analizada.

Los centros con mayor exposición a riesgos relacionados con la sostenibilidad se localizan en países de Centro y Sudamérica y Oriente Medio.

Sistemas de gestión

Sistema de gestión medioambiental: El 100% de la actividad de la compañía se certifica bajo el estándar de gestión medioambiental ISO 14001.

Sistema de Control Interno de Salvaguardas Sociales (SCISS): Desde 2021, ACCIONA cuenta con un procedimiento y un sistema integrado de evaluación del riesgo y gestión del cumplimiento de salvaguardas sociales. El SCISS cuenta con 80 controles internos y está fundamentado en los modelos de control interno elaborados por COSO.

ACCIONA desarrolla soluciones de infraestructura que generan un impacto sostenible y promueven la regeneración en la vida de las personas y las comunidades. ACCIONA cuenta con ambiciosos objetivos de alineamiento de su actividad con la taxonomía europea de actividades sostenibles y los Objetivos de Desarrollo Sostenible de Naciones Unidas.

Soluciones de infraestructuras para un futuro más sostenible:

• Energía renovable: desarrolla y opera activos para la generación de energía 100% renovable: eólica terrestre, fotovoltaica, biomasa, hidroeléctrica y termosolar. También participa en la manufactura de turbinas eólicas (Nordex) y otras tecnologías para la descarbonización.

• Transporte: construye y opera carreteras, puentes, vías férreas, túneles, líneas de ferrocarril y de metro optimizando los tiempos de desplazamiento y mejorando la conectividad entre comunidades.

• Agua: diseña, construye y opera plantas potabilizadoras, depuradoras de aguas residuales, procesos terciarios para reutilización y plantas desalinizadoras, aumentando la disponibilidad de agua en zonas afectadas por el estrés hídrico.

• Ciudades: ofrece soluciones urbanas de movilidad eléctrica, revitalización de espacios públicos, gestión de residuos y aumento de zonas verdes promoviendo enclaves renaturalizados y resilientes.

• Inmobiliaria: diseña, desarrolla y rehabilita complejos inmobiliarios de la máxima calificación sostenible.

• Social: construye hospitales, centros educativos y culturales que proporcionan servicios básicos y mejoran la calidad de vida de las poblaciones.

Consideraciones adicionales:

• La compañía atiende a mercados globales teniendo presencia en más de 40 países, estando su negocio orientado en mayor medida a entidades gubernamentales y empresas privadas, y en menor medida al consumidor final. • ACCIONA no ofrece ningún producto o servicio prohibido en ningún mercado.

Resultados 2024 por actividad:

ACCIONA ENERGÍA

• Cifra de negocio: 3.048 millones €
• EBITDA: 1.123 millones €
• Capacidad instalada: 15.354 MW
• Producción total: 26.708 GWh
• Emisiones evitadas: 14.354 miles tCO2e

INFRAESTRUCTURAS

• Construcción: Cifra de negocio 6.680 millones €, EBITDA 472 millones €
• Concesiones: Cifra de negocio 86 millones €, EBITDA 170 millones €
• Agua: Cifra de negocio 1.189 millones €, EBITDA 93 millones €, Agua tratada 1.373 hm³

NORDEX GROUP

• Cifra de negocio: 7.299 millones €
• EBITDA: 296 millones €

Plan Director de Sostenibilidad 2025

Desde 2010, la estrategia de sostenibilidad de ACCIONA se articula a través de Planes Directores de Sostenibilidad (PDS) con horizontes de cinco años. Las actuaciones y objetivos contenidos en estos planes se promueven, aprueban y supervisan desde la Comisión de Auditoría y Sostenibilidad del Consejo de Administración.

Hacia el diseño regenerativo

Más allá del diseño de soluciones sostenibles con un único propósito, la creciente complejidad, dinamismo e interconexión de los desafíos globales ha impulsado a ACCIONA a avanzar en el diseño de infraestructuras multifuncionales que parten del entendimiento de las particularidades de los contextos en los que opera para diseñar soluciones holísticas con efectos múltiples y sistémicos.

Una propuesta de valor diferencial

Hace cuatro años, alineamos nuestra estrategia de inversión a largo plazo con aquellas actividades económicas que contribuyen significativamente a avanzar los objetivos ambientales establecidos por la Unión Europea. Establecimos la meta anual de alinear más del 90% de la inversión en CapEx con Taxonomía europea de actividades sostenibles. Desde entonces, la cifra de alineamiento de la inversión en CapEx sobre la cifra elegible ha aumentado hasta alcanzar el 99% este último año.

ACCIONA mantiene conversaciones con aquellos con los que compartimos los procesos de creación de valor de la compañía; anticipando desafíos y diseñando nuevas metas alineadas con las exigencias de un mundo en transformación.

Con carácter previo a la celebración de la Junta General de Accionistas (JGA), y para garantizar y facilitar la comunicación con todos los accionistas, incluidos los minoritarios, ACCIONA cuenta con un foro electrónico de accionistas. La compañía establece, además, canales permanentes de comunicación con sus accionistas e inversores a través de su departamento de Relación con Inversores.

En ACCIONA, el Consejo de Administración recibe información, a través de diversas fuentes, de los asuntos de especial relevancia para los empleados y otros trabajadores y los tiene en cuenta en sus procesos de toma de decisiones estratégicas y operativas, asegurando así que sus perspectivas sean tenidas en cuenta en los objetivos empresariales.

La Junta General de Accionistas celebrada durante el ejercicio 2024 se celebró de forma presencial y telemática facilitando la participación y el seguimiento de los accionistas o sus representantes durante el desarrollo de la Junta, pudiendo realizar preguntas o intervenciones y ejercitar los derechos de voto sobre los diferentes puntos del orden del día presentados.

En la Junta General Ordinaria de Accionistas celebrada el 20 de junio de 2024, todos los acuerdos fueron aprobados con el voto favorable de al menos el 86,45% del capital con derecho a voto concurrente a la Junta.

ACCIONA se compromete a no causar, contribuir a causar o estar vinculada a violaciones de derechos humanos, promoviendo un entorno respetuoso con los derechos humanos en su personal, cadena de valor, comunidades locales y la sociedad en general.

ACCIONA promueve, en la medida en que tenga influencia, la adopción de los principios recogidos en sus políticas por sus proveedores, contratistas, colaboradores, clientes, comunidades locales y demás grupos de interés.

ACCIONA respeta el derecho de acceso a alimentos, agua, saneamiento, energía, educación, salud, vivienda, un medioambiente limpio y saludable, así como los derechos a la libertad de opinión, expresión, pensamiento y religión. ACCIONA se compromete a evitar los reasentamientos involuntarios y, cuando esto no sea posible, a minimizar el impacto y proporcionar compensación justa.

A través de la escucha activa y la cooperación estrecha con las comunidades locales, ACCIONA contribuye a la realización de estos objetivos.

ACCIONA cuenta con canales específicos de comunicación y reclamación, accesibles a todos sus grupos de interés, para identificar y responder a irregularidades. Estos mecanismos son de libre acceso, confidenciales y garantizan protección contra represalias, estando diseñados para ser culturalmente adecuados y accesibles tanto física como lingüísticamente. El Canal Ético es el medio que la empresa pone a disposición de empleados, proveedores, clientes y colaboradores para reportar cualquier vulneración.

ACCIONA considera que este Informe de sostenibilidad, es mucho más que un balance de lo realizado y pretende ser una oportunidad para mantener conversaciones con aquellos con los que compartimos los procesos de creación de valor de la compañía; anticipando desafíos y diseñando nuevas metas alineadas con las exigencias de un mundo en transformación acelerada.

Para ACCIONA, diseñar un planeta mejor significa afrontar los grandes retos desde una visión integral, cimentada en tres pilares que demuestran una visión del futuro:

• Ser la referencia en soluciones de infraestructura sostenible: El 99% de nuestras inversiones cumplen con la Taxonomía Europea de actividades sostenibles. El 68% de nuestra deuda corporativa es verde o vinculada a criterios sostenibles. Este año, hemos evitado la emisión de 14,4 millones de toneladas de CO₂ gracias a la generación de energía limpia.

• Crear más impactos positivos: Conscientes de la contribución de las infraestructuras a la prosperidad, hemos puesto en marcha Sociedad +. Un programa que incluye todas las líneas de negocio de ACCIONA con el objetivo de maximizar el valor positivo creado trabajando con empresas locales (92,5%) o desarrollando inversiones complementarias en las comunidades locales, que ya en 2024 fueron cercanas a los 20 millones de euros distribuidos en más de 200 iniciativas en 44 países.

• Mantener sólidos fundamentales financieros: ACCIONA sigue ampliando sus activos concesionales en energía, infraestructuras y agua, asegurando flujos de caja recurrentes y previsibles a medio y largo plazo.

La diversidad del portfolio de ACCIONA posibilita desarrollar sinergias a través de la integración de diferentes soluciones tradicionalmente desarrolladas de forma aislada. La desalación de agua con energía renovable, la gestión de residuos con la producción de biocombustibles, o el transporte con la generación de energía renovable son algunas de las combinaciones que se han explorado en búsqueda de círculos virtuosos.

En 2024, ACCIONA operó en 44 países con un equipo de más de 66.000 profesionales y una cartera de más de 1.649 proyectos activos. La compañía alcanzó una cifra de negocios de 19.190 millones de euros, lo que representa un incremento del 12,74% respecto a 2023.

Material impacts, risks and opportunities identification process

El alcance del Informe contempla tanto las operaciones propias como las actividades relacionadas con la cadena de valor en todas las geografías donde opera la organización. Este enfoque incluye la identificación de impactos significativos, riesgos potenciales y oportunidades en cuestiones de sostenibilidad, abarcando dimensiones ambientales, sociales y de gobernanza.

Las más de 700 instalaciones de ACCIONA han sido evaluadas en función de su geolocalización, la probabilidad de materialización de los riesgos identificados y el indicador de consecuencia económico-financiera asociado a cada variable de sostenibilidad analizada.

Los centros con mayor exposición a riesgos relacionados con la sostenibilidad se localizan en países de Centro y Sudamérica y Oriente Medio.

En 2024, continuamos avanzando en este proceso, llevando a cabo un análisis de doble materialidad, en el que se han identificado las áreas estratégicas y las geografías, donde se producen mayores impactos, riesgos y oportunidades en materia de sostenibilidad. Este ejercicio ha permitido establecer métricas más precisas para medir su progreso y fortalecer la hoja de ruta.

El proceso de identificación, evaluación y gestión de los riesgos e impactos ESG ofrece el marco de control desde proyecto y negocio hasta nivel de Grupo para aquellos sucesos de riesgo relacionados con el medioambiente, el ámbito social y la gobernanza con un potencial real de materialización.

Este proceso permite recopilar las medidas de respuesta al riesgo implementadas o implementables en las instalaciones de la empresa, además proporciona un mayor entendimiento de los posibles impactos económico que generaría en la compañía la materialización de los distintos riesgos.

En 2024, ACCIONA ha continuado mejorando e implementando el Sistema de Gestión de Riesgos ESG. Las novedades y principales resultados han sido:

• El incremento de trazabilidad para alinear la evaluación con el perímetro contable • La actualización en el modelo de cálculo de la variable consecuencia • La alineación de las variables a los conceptos empleados internacionalmente

De esta manera, las más de 700 instalaciones de ACCIONA resultantes han sido evaluadas en función de su geolocalización, la probabilidad de materialización de los riesgos identificados y el indicador de consecuencia económico-financiera asociado a cada variable de sostenibilidad analizada.

Las unidades de gestión de riesgos de los negocios procesan y evalúan junto con los responsables de proyecto aquellos centros o indicadores con un nivel de riesgo inherente alto. En esta evaluación se recalcula el nivel de exposición al riesgo del centro e indicador y se recopilan las medidas de mitigación y gestión implementada.

ACCIONA identifica y evalúa de manera periódica los efectos adversos reales y potenciales en materia ambiental y en los derechos humanos asociados a sus actividades empresariales y relaciones comerciales. Este proceso abarca los horizontes temporales: corto, medio y largo plazo.

Para la elaboración del Informe de Sostenibilidad, se han definido los siguientes horizontes temporales:

• Corto plazo: corresponde al periodo de reporte definido en las cuentas anuales consolidadas • Medio plazo: comprende un horizonte temporal inferior a cinco años, coincidiendo con el periodo de vigencia de cada Plan Director de Sostenibilidad • Largo plazo: se extiende por un período superior a cinco años

Este año, continuamos avanzando en este proceso, llevando a cabo un análisis de doble materialidad, en el que se han identificado las áreas estratégicas y las geografías, donde se producen mayores impactos, riesgos y oportunidades en materia de sostenibilidad.

El alcance del Informe contempla tanto las operaciones propias como las actividades relacionadas con la cadena de valor en todas las geografías donde opera la organización. Este enfoque incluye la identificación de impactos significativos, riesgos potenciales y oportunidades en cuestiones de sostenibilidad, abarcando dimensiones ambientales, sociales y de gobernanza.

Respecto al requerimiento de la Ley 11/2018 en relación con la utilización de indicadores clave de resultados no financieros que cumplan con los requerimientos de pertinencia, comparabilidad, materialidad, relevancia y fiabilidad ACCIONA ha elaborado su Informe de Sostenibilidad 2024 de acuerdo con las Normas Europeas de Información sobre Sostenibilidad (NEIS) publicadas en el Reglamento Delegado (UE) 2023/2772 de la Comisión de 31 de julio de 2023.

La lista completa de requisitos de divulgación, junto con su ubicación exacta en el informe, se presenta en el Anexo II.

En determinados apartados del presente informe, ACCIONA ha adoptado la metodología de "Incorporación por referencia" establecida en los NEIS, con el objetivo de mejorar la claridad y fluidez narrativa del informe. En determinados capítulos, se han realizado ajustes en el orden del índice propuesto por la CSRD.

En el Informe de Sostenibilidad 2024 se ha consolidado la información de la totalidad de las sociedades que forman parte del Grupo. El alcance de la consolidación de la información de sostenibilidad presentado en este Informe es idéntico al utilizado para la elaboración de los estados financieros consolidados.

Este documento, aunque forma parte del Informe de Gestión consolidado, se presenta como un documento separado al mismo, por ser esta una de las opciones contempladas en la Ley 11/2018 en materia de información no financiera.

Transition plan for climate change mitigation

Governance

El compromiso y la actuación frente al cambio climático se estructura como un punto relevante de la agenda estratégica de la compañía liderado por su Consejo de Administración.

La Dirección General Económico-Financiera y de Sostenibilidad, es la encargada de gestionar e informar a la Comisión de Auditoría y Sostenibilidad del Consejo de Administración el cumplimiento de la estrategia y los objetivos relacionados con el cambio climático, específicamente aquellos establecidos en el PDS. A través de dicho pilar, la Comisión supervisa y valida la estrategia climática en materia de uso y producción de energía, reducción de emisiones de Gases de Efecto Invernadero (GEI) y gestión de los impactos y riesgos relacionados con la mitigación y adaptación al cambio climático.

Para garantizar un seguimiento eficaz, la agenda de la Comisión se organiza mediante un esquema de revisiones y evaluaciones periódicas distribuidas en ciclos trimestrales, semestrales y anuales.

Trimestralmente:

• Seguimiento del presupuesto de carbono (emisiones de los proyectos que suponen el 90% de las emisiones totales de ACCIONA) y de los indicadores dentro del presupuesto ESG.

Semestralmente:

• Seguimiento de los objetivos del plan de descarbonización y del Plan Director de Sostenibilidad.
• Verificación externa del cumplimiento de objetivo de reducción de emisiones por negocio.

Anualmente:

• Elaboración del mapa de riesgos y oportunidades climáticas.
• Supervisión del plan de descarbonización y del presupuesto de carbono de cada negocio y de los principales proyectos.
• Análisis del precio interno del carbono y su efectividad.
• Evaluación de incentivos relacionados con el cumplimiento de objetivos.
• Propuesta de aplicación de proyectos del Fondo de descarbonización.

Scope and alignment with Paris Agreement / 1.5°C

La agenda climática de ACCIONA se basa en tres ejes estratégicos que modelan las líneas de actuación y los compromisos de la misma. Estos ejes, aprobados y supervisados por los órganos de administración de la compañía, buscan garantizar que la estrategia y el modelo de negocio sean compatibles con la limitación del calentamiento global a 1,5ºC en consonancia con el Acuerdo de París.

1. Estrategia de negocio alineada con la taxonomía europea de actividades medioambientalmente sostenibles

ACCIONA alinea su estrategia de negocio con la taxonomía europea de actividades sostenibles, garantizando que tanto sus inversiones como sus operaciones cumplan rigurosamente criterios de sostenibilidad a través de un marco de finanzas sostenibles.

• Desde 2019, la compañía ha reforzado su compromiso excluyendo cualquier actividad vinculada a combustibles fósiles —tales como la extracción, el refinado y la comercialización—.

• Desde 2020, a través del Plan Director de Sostenibilidad (PDS), ACCIONA prioriza la mitigación y adaptación al cambio climático. En este sentido, se estableció la meta de que más del 90% de la inversión (CapEx) se alinee con actividades orientadas a estos dos objetivos.

Adaptación y mitigación climática incluidos en el Reglamento Delegado (UE) 2021/2139 - 2024:

Distribución porcentual de las actividades incluidas en el CapEx alineado orientadas a los objetivos de adaptación y mitigación del cambio climático:

• Generación de electricidad a partir de energía eólica: 39%
• Generación de electricidad mediante tecnología solar fotovoltaica: 37%
• Fabricación de tecnologías de energía renovable: 9%
• Generación de electricidad a partir de bioenergía: 4%
• Almacenamiento de electricidad: 2%
• Otro: 8%

Net-zero targets and milestones

2. Senda de reducción de emisiones

ACCIONA alinea y valida a través de la iniciativa global Science Based Targets (SBTi), sus objetivos en materia de reducción de emisiones de tal manera que sean compatibles con el Business Ambition 1.5ºC para evitar un incremento de temperatura media global por encima de los 1.5ºC y el Net Zero Carbon.

En la fecha de redacción de este documento ACCIONA está en proceso de actualización de su objetivo como consecuencia del cambio estructural que supuso para la compañía la toma de control de la sociedad Nordex en 2023, de acuerdo con la normativa establecida por SBTi.

Hasta el momento en que esta actualización se materialice, ACCIONA mantiene la vigencia de los objetivos públicamente comprometidos con SBTi:

Para el caso de todo el Grupo ACCIONA, a excepción de Nordex:

• Reducción de emisiones de alcances 1 + 2 (market-based) en un 60% en 2030 con respecto al valor de 2017 de 262.331 tCO2e. Este objetivo implica alcanzar unas emisiones máximas de 177.578 tCO2e en 2024 (Reducción lineal desde 2017).

• Reducción de emisiones de alcance 3 (categorías: bienes y servicios adquiridos, bienes de capital, actividades relacionadas con combustibles y energía, transporte y distribución aguas arriba, desplazamientos de empleados, uso de productos vendidos) un 47% en 2030 con respecto al valor de 2017 de 1.995.590 tCO2e. Este objetivo implica unas emisiones máximas en las categorías especificadas de 1.350.861 tCO2e en 2024 (Reducción lineal desde 2017).

• Reducción de las emisiones de alcances 1 + 2 (market-based) en un 90% respecto del valor de emisiones en 2017 para 2040 y alcance del Net-Zero mediante la neutralización de las emisiones residuales.

• Reducción de las emisiones de alcance 3 en un 90% respecto del valor de emisiones de 2017 de 2.553.810 tCO2e para 2050 y alcance del Net-Zero mediante la neutralización de las emisiones residuales.

Para el caso de Nordex:

• Reducción de emisiones de alcances 1 + 2 (market-based) en un 42% en 2030 con respecto al valor de 2022 de 63.244 tCO2e. Este objetivo implica alcanzar unas emisiones máximas de 56.603 tCO2e en 2024 (Reducción lineal desde 2022).

• Reducción de emisiones de alcance 3 (para todas las categorías) en un 25% en 2030 con respecto al valor de 2022 de 4.375.343 tCO2e. Este objetivo implica unas emisiones máximas de 3.915.932 tCO2e en 2024 (Reducción lineal desde 2022).

• Reducción de emisiones de alcances 1 + 2 (market-based) en un 90% respecto del valor de emisiones en 2022 para 2050 y alcance del Net-Zero mediante la neutralización de las emisiones residuales.

• Reducción de emisiones de alcance 3 en un 90% respecto del valor de emisiones en 2022 para 2050 y alcance del Net-Zero mediante la neutralización de las emisiones residuales.

Cumplimiento objetivos 2024:

• El objetivo 2024 de alcance 1 + 2 (market-based) asociado al ACCIONA Ex-Nordex se ha cumplido, al resultar estas emisiones en 2024 en un total de 155.020 tCO2e.

• El objetivo 2024 de alcance 3 (Categorías especificadas) asociado al Grupo ACCIONA a excepción de Nordex no se habría conseguido, al resultar estas emisiones en 2024 en un total de 3.090.434 tCO2e.

• El objetivo 2024 de alcance 1 + 2 (market-based) asociado a Nordex sí se habría conseguido, al resultar estas emisiones en 2024 en un total de 53.412 tCO2e.

• El objetivo 2024 de alcance 3 asociado a Nordex no se habría conseguido, al resultar estas emisiones en 2024 en un total de 4.650.996 tCO2e.

Decarbonization levers

3. Palancas clave de descarbonización

Las actuaciones de mitigación del cambio climático que desarrolla ACCIONA se basan en las siguientes palancas:

• Monitorización de las variables ambientales relevantes de proyectos mediante el empleo del Weighted Average Carbon Intensity (WACI). En función del resultado se designan unas directivas de actuación en caso de ser adjudicatario.

Weighted Average Carbon Intensity:

• Asignación de un presupuesto de carbono a nivel de proyecto y a nivel de negocio. Las emisiones generadas son gravadas a final de año con un precio interno de carbono variable (tasa interna) en función del desempeño, cada tonelada de CO2e que se encuentre dentro del presupuesto se sitúa en 7,5€ y las toneladas de CO2e que exceden el presupuesto asignado se gravan a 190€. El total del monto acumulado se destina a la adquisición y cancelación de créditos de carbono (tantos como emisiones de A1 y A2 haya en el año) y a la financiación de medidas de descarbonización mediante la constitución del fondo de descarbonización de la Compañía.

• Sistema de Incentivos ligados a objetivos de descarbonización que aplica a todos los empleados con salario variable de la compañía, mediante el cual un 12,5% de la consecución de objetivos es evaluada en términos de Sostenibilidad, siendo la consecución de los objetivos de reducción de emisiones un 40% del porcentaje total evaluable.

Palancas de descarbonización específicas del alcance 1:

Los recursos financieros futuros se estiman del mismo orden de magnitud que los recursos financieros dedicados en 2024.

Palancas de descarbonización del alcance 2:

Locked-in emissions and stranded assets

ACCIONA realiza un estudio anual específico del coste de abatimiento de su huella de carbono, con el objetivo de identificar soluciones sostenibles y evaluar su viabilidad económica y técnica. Este análisis facilita la planificación óptima de las medidas de reducción de emisiones, priorizando aquellas con un menor coste de abatimiento y un mayor impacto climático. Del mismo se deduce que ACCIONA no cuenta con activos cuyas emisiones estén bloqueadas.

Financial resources

ACCIONA estructura su estrategia de descarbonización de forma que sus acciones para hacer frente a la mitigación del cambio climático y la adaptación a él mismo no dependan de la disponibilidad fluctuante de capital externo. Esta independencia financiera permite mantener su compromiso con los objetivos de reducción de emisiones establecidos por SBTi, sin riesgo de interrupción.

La capacidad de ejecutar dichas actuaciones depende, en parte de la asignación de recursos provenientes del Fondo de Descarbonización de la compañía. La solidez de esta estrategia también permite acceder a condiciones preferenciales de financiamiento, lo cual optimiza los márgenes de los proyectos mediante la reducción de costos de deuda. Estos márgenes adicionales incrementan la capacidad de inversión en activos sostenibles y de bajas emisiones.

Policies related to climate change mitigation and adaptation

Acciona has disclosed policies related to climate change mitigation and adaptation as required under ESRS E1-2.

Política de Cambio Climático (Climate Change Policy)

Policy name: Política de Cambio Climático de ACCIONA

Scope:

• Applicable to all employees and all companies within the Organization included in its global consolidation perimeter
• Applies across all geographical areas where the company has a presence
• The Organization promotes adoption of these principles in companies where it participates without exercising management control or without having a majority shareholding
• Extended, to the extent it has influence, to suppliers, contractors, collaborators, clients, local communities and other stakeholders

Governance and oversight:

• Approved by the Board of Directors (Consejo de Administración)
• Approved by the Audit and Sustainability Committee (Comisión de Auditoría y Sostenibilidad)
• The Audit and Sustainability Committee is responsible for supervising compliance with sustainability standards in environmental, social and corporate governance areas
• The Committee also oversees adherence to internal codes and business conduct codes

Key content and principles:

• Establishes the strategic framework for managing the transition towards cleaner and more efficient practices
• Defines principles of responsible business conduct that guide the identification, evaluation and management of dependencies, impacts, risks and opportunities related to climate change mitigation and adaptation
• Prioritizes leading the transition towards a low-carbon future, aligned with global efforts to limit average planetary temperature increase to 1.5°C by 2050
• Through its projects, products and services, the company actively contributes to climate change mitigation, focusing efforts on effective reduction of greenhouse gas emissions
• Commitment materialized through exclusive production of renewable energy, construction of low-carbon infrastructure, and development of projects that capture and store carbon to neutralize remaining emissions
• Fundamental principles include: rigorous compliance with environmental regulations, damage prevention through renewable energies and clean technologies, extension of energy efficiency, establishment of emission reduction targets based on scientific methodologies, and leadership in economic decarbonization aligned with European taxonomy
• Promotes adapted, resilient and regenerative infrastructure as a lever for positive impact by facilitating water access, protecting ecosystems and ensuring protection against climate change
• Implementation mechanisms include: carbon budgets, decarbonization funds, incentives for climate targets, and mitigation projects beyond its value chain

Public availability:

• The policy is publicly available
• Reference provided to: Anexo IV and Política de Cambio Climático de ACCIONA

Link to international standards:

• The policy derives from ACCIONA's Environmental Policy (Política de Medioambiente), which establishes principles for preventing and mitigating pollution of water, air and soil
• Aligned with best international practices to protect the environment and human rights
• Contributes actively to climate change mitigation and adaptation

Due diligence mechanisms:

• ACCIONA has implemented mechanisms necessary to implement a due diligence process in its operations
• These mechanisms include identification, evaluation, management and remediation of dependencies, impacts, risks and opportunities related to key sustainability aspects
• Defines specific steps to manage physical and transitional risks associated with climate change, covering both direct consequences of the phenomenon and those derived from the economic environment
• Ensures that its operations and value chain are aligned with best international practices

Monitoring:

• See sections GOV-1 and GOV-2 for more information on committee functions
• The Audit and Sustainability Committee supervises internal control, management and risk mitigation procedures of the Group
• Annual training is provided to directors (executive and non-executive) on this matter

Actions and resources in relation to climate change policies

Overall strategy

ACCIONA structures its decarbonization strategy so that actions to address climate change mitigation and adaptation do not depend on fluctuating availability of external capital. This financial independence allows maintaining commitment to emission reduction objectives established by the Science Based Targets initiative (SBTi), without risk of interruption.

The capacity to execute these actions depends partly on allocation of resources from the company's Decarbonization Fund (see E1-8 on internal carbon pricing systems). The robustness of this strategy also allows access to preferential financing conditions, which optimizes project margins through reduction of debt costs. These additional margins increase investment capacity in sustainable and low-emission assets.

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Scope 1 decarbonization levers

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Key strategic actions

1. Monitoring of environmental variables in projects

• Description: Monitoring of relevant environmental variables for projects where there is a potential bid submission. For GHG emissions, using the Weighted Average Carbon Intensity (WACI) corresponding to similar existing projects in the company's history, the potential emission level of each project is predetermined, and based on the result, action directives are designated if awarded (fundamentally renewable energy consumption levels to be achieved).

• WACI results 2024:

  • ACCIONA Energy: 4.2 (2023: 3.3)
  • Infrastructure: 16.0 (2023: 18.7)
  • Other Businesses: 11.4 (2023: 13.7)
  • Nordex: 7.4 (2023: 7.2)
  • ACCIONA Total Average: 10.9 (2023: 11.9)

2. Carbon budget allocation

• Description: Assignment of a carbon budget at project level and business level. Emissions generated are taxed at year-end with a variable internal carbon price (internal rate) based on performance: each tonne of CO2e within budget is set at €7.5 and tonnes of CO2e exceeding the assigned budget are taxed at €190.

• Resources: The total amount accumulated through application of internal carbon pricing is allocated to the acquisition and cancellation of carbon credits (as many as A1 and A2 emissions in the year) and to financing decarbonization measures through constitution of the company's decarbonization fund.

• Link to policy: More information on internal carbon pricing system in section E1-8.

3. Expansion of renewable generation capacity

• Description: ACCIONA Energía maintains its strategy to expand its renewable generation capacity in a time-flexible manner, taking advantage of opportunities at each moment.

• Outcome 2024: 2 GW of capacity installed in 2024.

• Expected impact: This constant expansion strategy will boost revenues. By 2030, renewables are expected to represent 90% of new installed energy capacity, with solar and wind energy capturing more than 70% of global electricity generation by 2050.

• Business unit: Energy

• Scope: Own operations

4. Energy efficiency solutions for industrial and municipal clients

• Description: ACCIONA Energía has consolidated its growth strategy and leadership in the energy transition through investment in innovation for energy solutions within client facilities, as well as expansion of its service to new markets and countries.

• Business unit: Energy

• Scope: Downstream (use of sold products)

• Time horizon: Evaluated to 2030

5. Desalination technology investment

• Description: ACCIONA invests in desalination technologies that improve energy efficiency.

• Business unit: Water

6. Real estate asset energy efficiency management

• Description: Real estate assets are identified and monitored based on their energy classification, so that in the face of regulatory changes derived from climate transition, assets in patrimony are evaluated and necessary actions and financial resources determined to align with new requirements.

• Current position: Book value of patrimony assets with category lower than C represents 1% of total assets, not representing a significant potential consequence for ACCIONA.

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Link to targets and policies

ACCIONA aligns and validates through the global Science Based Targets initiative (SBTi) its emission reduction objectives so they are compatible with Business Ambition 1.5°C to avoid an increase in global average temperature above 1.5°C and Net Zero Carbon.

Decarbonization actions developed by ACCIONA are based on key decarbonization levers chosen to address the strategy (see E1-4 for more details on SBT decarbonization objectives).

Targets related to climate change mitigation and adaptation

Decarbonization pathway - SBTi validated targets

Acciona has implemented targets approved by the Science Based Targets initiative (SBTi), aligned with the Business Ambition 1.5°C commitment. The company is currently updating its targets following the structural change from taking control of Nordex in 2023.

ACCIONA (excluding Nordex)

Scope 1 + 2 (market-based) targets:

• Target: 60% reduction by 2030 (from 262,331 tCO2e baseline in 2017)
• Baseline year: 2017
• Baseline value: 262,331 tCO2e
• Target year 2024: Maximum 177,578 tCO2e (linear reduction from 2017)
• Target year 2030: 60% reduction from baseline
• Target year 2040: 90% reduction from 2017 baseline + Net-Zero through neutralization of residual emissions
• Type: Absolute reduction
• Scope: Own operations (Scope 1+2)
• Validation: SBTi approved
• Progress 2024: 155,020 tCO2e achieved (target met)

Scope 3 targets (specific categories):

• Target: 47% reduction by 2030 in specific categories (purchased goods and services, capital goods, fuel and energy-related activities, upstream transport and distribution, employee commuting, use of sold products)
• Baseline year: 2017
• Baseline value: 1,995,590 tCO2e
• Target year 2024: Maximum 1,350,861 tCO2e (linear reduction from 2017)
• Target year 2030: 47% reduction from baseline
• Target year 2050: 90% reduction from 2017 baseline (2,553,810 tCO2e) + Net-Zero through neutralization
• Type: Absolute reduction
• Scope: Value chain (specific Scope 3 categories)
• Validation: SBTi approved

Nordex

Scope 1 + 2 (market-based) targets:

• Target: 42% reduction by 2030
• Baseline year: 2022
• Baseline value: 63,244 tCO2e
• Target year 2024: Maximum 56,603 tCO2e (linear reduction from 2022)
• Target year 2030: 42% reduction from baseline
• Target year 2050: 90% reduction from 2022 baseline + Net-Zero through neutralization
• Type: Absolute reduction
• Scope: Own operations (Scope 1+2)
• Validation: SBTi approved
• Progress 2024: 53,007 tCO2e achieved (target met)

Scope 3 targets (all categories):

• Target: 25% reduction by 2030
• Baseline year: 2022
• Baseline value: 4,375,343 tCO2e
• Target year 2024: Maximum 3,915,932 tCO2e (linear reduction from 2022)
• Target year 2030: 25% reduction from baseline
• Target year 2050: 90% reduction from 2022 baseline + Net-Zero through neutralization
• Type: Absolute reduction
• Scope: Value chain (all Scope 3 categories)
• Validation: SBTi approved

Other climate-related targets

Infrastructure Division (2025 target):

• Target: 37% reduction of Scope 1+2 emissions from 2017 baseline
• Scope: Division operations

CapEx alignment target (2025):

• Target: Achieve or exceed 90% of aligned CapEx over eligible CapEx at company level
• Scope: Company-wide

Water consumption in water-stressed areas:

• Target: 14% reduction in consumption of surface, groundwater and municipal water in projects located in water-stressed areas
• Baseline year: 2020
• Scope: Projects in water-stressed areas

Renewable and recycled resources:

• Target: 22% of resources from renewable or recycled origin in own operations
• Progress 2024: 11% achieved
• Scope: Own operations

Waste valorization:

• Target: 50% reduction in non-valorized waste
• Baseline year: 2020
• Progress 2024: 93% valorization achieved
• Scope: Own operations

Tree planting (biodiversity):

• Target: 1 million additional trees planted in period 2021-2025
• Progress 2021-2024: 626,357 voluntary trees planted
• Scope: Global

Progress summary 2024

ACCIONA ex-Nordex:

• Scope 1+2 emissions: 41% reduction vs 2017 baseline
• Scope 1+2 2024 target: Met (155,020 tCO2e vs target of 177,578 tCO2e)

Nordex:

• Scope 1+2 emissions: 16% reduction vs 2022 baseline
• Scope 1+2 2024 target: Met (53,007 tCO2e vs target of 56,603 tCO2e)

Energy consumption and mix

Total energy consumption

In 2024, ACCIONA consumed 3,204,015 MWh of energy, of which 74% came from renewable sources. The consumption breakdown follows the GHG Protocol Financial Control approach and consolidates all relevant businesses except where noted.

Disaggregated energy consumption by source

Note: The company states "Al no existir un estándar que indique la necesidad y procedimiento de un potencial recálculo de estas cifras, se ha mantenido el histórico" (As there is no standard indicating the need and procedure for potential recalculation of these figures, the historical data has been maintained).

Energy intensity

Energy intensity for high climate impact sectors specifically was 172 MWh/M€ of net revenue in 2024.

Revenue figures used for intensity calculations:

• Net revenue from high climate impact sectors: €18,221 million (2024), €15,636 million (2023)
• Other net revenue: €969 million (2024), €1,385 million (2023)
• Total net revenue: €19,190 million (2024), €17,021 million (2023)

The company notes significant inherent limitations in energy intensity metrics due to factors unrelated to energy efficiency such as inflation and changes in supply contracts.

Conversion factors

Energy consumption and emissions are calculated following GHG Protocol criteria under financial control consolidation. Conversion factors are sourced from:

• IPCC 2006 Guidelines for National Greenhouse Gas Inventories
• Spanish National GHG Inventory
• International Energy Agency
• Red Eléctrica de España
• ACCIONA Green Energy
• UK DEFRA
• European Environment Agency

Gross Scopes 1, 2, 3 and Total GHG emissions

[E1-6] Emisiones de GEI brutas de alcance 1, 2 y 3 y emisiones de GEI totales

Metodología y alcance: Las emisiones se calculan siguiendo los criterios del protocolo de Gases de Efecto Invernadero (GHG Protocol) bajo el esquema de control financiero, consolidándose como CO₂e las emisiones correspondientes a todos los GEI relevantes: CO2, CH4, N2O, HFC y SF6.

Factores de conversión empleados:

• Panel Intergubernamental de Cambio Climático (IPCC), Directrices IPCC de 2006
• Inventario Nacional de Gases de Efecto Invernadero (GEI) de España
• Agencia Internacional de la Energía
• Red Eléctrica de España
• ACCIONA Green Energy
• Department for Environment, Food and Rural Affairs (DEFRA), Reino Unido
• Agencia Europea de Medioambiente

En 2024 se han llevado a cabo ajustes importantes en el perímetro de consolidación, principalmente derivados de la integración de las cifras de Nordex. Las cifras de años anteriores se han recalculado para permitir comparabilidad.

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Emisiones de Alcance 1 y 2

ACCIONA (excluido Nordex):

*6.895 tCO2 reportadas bajo RCDE UE en 2024 (40% de emisiones elegibles). A partir de 2025 el porcentaje aumenta al 70% y del 2027 en adelante será del 100%.

Nordex:

Evolución consolidada (gráficos):

Alcance 1 (Toneladas de CO2e):

Alcance 2 (Toneladas de CO2e):

Las emisiones conjuntas de alcances 1 y 2 se han reducido en un 6% con respecto al año anterior.

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Emisiones de Alcance 3

ACCIONA (excluido Nordex):

*Objetivo para categorías con cifra: 1, 2, 3, 4, 7, 11. Objetivo 2050: 255.381 tCO2e.

Nordex:

Objetivo 2030 (todas las categorías): 3.281.510 tCO2e. Objetivo 2050: 437.535 tCO2e.

Metodología Alcance 3: Las categorías de productos, servicios, materias primas, bienes de capital y transporte aguas arriba se calculan a partir de datos de pedidos, convirtiendo el gasto económico en tCO₂e mediante factores de emisión específicos por país y sector.

La gestión de residuos se calcula en base al volumen y tipología de residuos generados. Los residuos de fin de vida de productos vendidos se calculan a partir de la superficie de viviendas vendidas.

Los viajes de negocios se calculan a partir de registros de kilometraje y tipo de vehículo. Los desplazamientos de empleados se basan en encuestas representativas.

Los activos arrendados e inversiones se integran según el tipo de arrendamiento contable y el reporte de recursos utilizados en proyectos puestos en equivalencia.

Las categorías de transporte y distribución aguas abajo, procesado de productos vendidos y franquicias no han resultado materiales.

Evolución histórica alcance 3:

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Emisiones Totales de GEI

ACCIONA (excluido Nordex):

Nordex:

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Intensidad de emisiones GEI

Adicionalmente, la intensidad de emisiones por energía producida alcanzó 7,8 tCO₂e/GWh en 2024.

Ingresos netos empleados para el cálculo:

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Otras emisiones GEI

Evolución de otras emisiones GEI (t):

*El resultado de las emisiones biogénicas deriva exclusivamente de la consolidación del alcance 1.

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[E1-7] Absorciones de GEI y proyectos de mitigación de GEI financiados mediante créditos de carbono

Actividades para la eliminación y almacenamiento de GEI desarrollados o contribuidos: ACCIONA no cuenta con actuaciones de eliminación y almacenamiento de GEI tecnológicas o híbridas desarrolladas en operaciones propias o en las fases anteriores y posteriores de su cadena de valor que no se hayan consolidado en el apartado E1-6.

Reducciones de emisiones o eliminaciones GEI financiados mediante créditos de carbono:

Desde 2016, ACCIONA realiza una cancelación voluntaria del 100% de las emisiones residuales anuales (alcances 1 y 2) mediante créditos de carbono generados por proyectos de energía renovable.

Esta cancelación de créditos no constituye una dependencia ni un requisito para el cumplimiento de los objetivos de reducción de GEI. Se trata de una acción voluntaria que actúa como incentivo adicional hacia la descarbonización.

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[E1-8] Sistema de fijación del precio interno del carbono

ACCIONA ha implementado un sistema de precio interno del carbono mediante la asignación de presupuestos de carbono específicos para los proyectos más emisores y para los negocios para el 100% de sus emisiones de alcance 1 y 2 que en 2024 han resultado en 208.431 tCO2e.

Al final del año se comparan las emisiones realmente generadas con las emisiones presupuestadas. En función del cumplimiento:

• Las emisiones dentro del presupuesto se gravan con una tasa interna de 7,5 €/tCO2e
• Las emisiones que superan el presupuesto se gravan con un precio creciente hasta 190 €/tCO2e

La metodología para calcular y establecer este sistema de precios internos de carbono se basa en el nivel de riesgo que representa cada tonelada de emisión adicional, en términos de posibles penalizaciones monetarias asociadas a los préstamos vinculados al cumplimiento de los objetivos de reducción de emisiones.

El monto acumulado mediante la aplicación del precio interno del carbono se destina a:

1. Financiación de medidas de descarbonización mediante la constitución del fondo de descarbonización de la compañía
2. Adquisición y cancelación de créditos de carbono (tantos como emisiones de A1 y A2 haya en el año)

En 2024, un total de 18 medidas fueron financiadas por el fondo de descarbonización:

• 13 medidas generan reducción de emisiones en el año en torno a las 2.000 tCO2e (fundamentalmente alcances 1 y 2)
• 6 medidas extenderían su reducción de emisiones para los próximos 10 años hasta las 6.500 tCO2e (fundamentalmente alcances 1 y 2)
• 10 medidas tendrían un potencial de reducción cercano a las 90.000 tCO2e anuales (principalmente de alcance 3)

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Emisiones evitadas por generación de electricidad renovable

A finales de 2024, ACCIONA contaba con 15.354 MW de potencia renovable instalados, generando 26.708 GWh. Esta producción renovable ha evitado la emisión a la atmósfera de 14,4 millones de toneladas de CO2e, 11.456 tNO, 26.964 tSOx y 241 tPM10.

Anticipated financial effects from material physical and transition risks and potential climate-related opportunities

Methodology and Approach

A partir del Sistema de Gestión de Riesgos relacionados con la sostenibilidad, los distintos negocios de ACCIONA han analizado los efectos financieros potenciales de las situaciones de riesgo y de las oportunidades asociadas al cambio climático.

Analysis of Physical and Transition Risks

Time Horizons

• Risk 1: Evaluated for 2025, 2030 and 2040
• Risk 2: Evaluated to 2030
• Risk 3: Not specified (NGFS Disorderly Transition / IPCC SSP2 scenarios)

Scenarios Used

• Risk 1: Acciona's own scenario
• Risk 2: NGFS Fragmented World / IPCC RCP6.0
• Risk 3: NGFS Disorderly Transition / IPCC SSP2 (Middle of the Road)

Financial Impact Assessment

All three material risks identified present insignificant financial vulnerability, defined as <1% of economic result.

Asset Coverage

• Risk 1: 1.23% of assets represented
• Risk 2: 3.54% of assets represented
• Risk 3: Assets proportion not fully specified in excerpt
• 100% of assets are covered by the Climate Change Risk Management System

Policies related to pollution

Acciona addresses pollution through its overarching environmental policy framework.

Política de Medioambiente (Environmental Policy)

• Approval and oversight: Approved by the Board of Directors (Consejo de Administración) and the Audit and Sustainability Commission (Comisión de Auditoría y Sostenibilidad), which supervises compliance with sustainability standards in environmental, social and corporate governance areas

• Scope: Applicable to all employees and all companies within the Organization included in its global consolidation perimeter, as well as in all geographical areas where it has a presence. The Organization also promotes the adoption of these principles in companies where it participates without exercising management control or without having a majority shareholding. This extends, to the extent it has influence, to suppliers, contractors, collaborators, customers, local communities and other stakeholders

• Key content and principles:

  • Strategic framework for the protection, preservation and improvement of the environment
  • Defines principles of responsible business conduct that guide the identification, evaluation and management of dependencies, impacts, risks and opportunities related to ecosystems and their components
  • Focus on regulatory compliance and promotion of new regulatory frameworks that foster sustainable development
  • Prevention of damage through active protection of soil, water and air, avoiding and reversing adverse effects from operations, even in environments without specific regulation
  • Goes beyond mere mitigation of negative impacts, integrating a regenerative approach throughout the entire life cycle of projects to generate positive and sustainable impact
  • Applicable to all material, product or substance that may cause water, soil and/or atmospheric pollution regardless of whether it is considered a substance with high impact potential, of concern, very high concern or any relevant legislative connotation that has been acquired and/or managed in its own operations
  • Promotes minimization and substitution of these substances from processes, prioritizing the use of safer and more sustainable alternatives in non-essential products for social consumption
  • Establishes principles to prevent and mitigate water, air and soil pollution
  • Establishes mechanisms to implement the due diligence process in Acciona's operations, including identification, evaluation, management and remediation of dependencies, impacts, risks and opportunities related to key sustainability aspects

• Related policies: The Climate Change, Water, Circular Economy and Biodiversity policies are covered under this policy, comprehensively encompassing all essential aspects to guarantee environmental sustainability

• Public availability: The policy is publicly available (see Política de Medioambiente de ACCIONA and Annex IV)

• Link to international standards: The policy establishes principles for implementing the due diligence process aligned with international frameworks (referenced in GOV-4)

• Monitoring: The Audit and Sustainability Commission supervises compliance with the policy. The risk management system integrates pollution aspects through the ESG Risk and Impact Management Procedure, evaluating all projects based on exposure (probability) and vulnerability (economic consequence for risk situations) and exposure (probability) and magnitude (severity for impact situations). This procedure is carried out annually and results in categorization and prioritization of risk and impact situations, which the business analyzes to implement necessary management and remediation measures

Actions and resources related to pollution

ACCIONA implements various measures to prevent and remediate pollution impacts, including decarbonization of its business model through alternative fuels and electrification of its fleet and machinery; implementation of advanced systems and protocols for prevention and management of accidental spills or leaks; adoption of technologies for the use of by-products (such as slag and ash); and effective noise control and prevention measures.

The impact of these actions is evaluated based on their contribution to the company's strategy, either through progress toward the Sustainability Master Plan (PDS) objectives or support for international goals such as the SDGs and the Kunming-Montreal Global Biodiversity Framework.

Key actions and allocated resources (2024)

Total resources allocated in 2024: €14,733,106

Future financial resources are estimated to be of the same order of magnitude as the financial resources dedicated in 2024.

Targets related to pollution

ACCIONA has established quantified targets for reducing air pollutant emissions as part of its Sustainability Master Plan (Plan Director de Sostenibilidad - PDS).

Air Pollutant Reduction Targets

Intermediate milestone (2024): 3.5% reduction compared to 2017 values for all three pollutants (SOx, NOx, PM10).

Water and Soil Pollution Target

Monitoring and Progress

• Monitoring frequency: Semi-annual data collection and consolidation
• Target establishment: Targets were defined as part of the PDS with support from external consultancy Volans and reporting indices such as CDP (Carbon Disclosure Project)
• Target status: Targets established in 2020 have not been modified since their definition

Pollution of air, water and soil

ACCIONA gestiona de manera integral los impactos relacionados con la contaminación al aire, agua y suelo, llevando a cabo todas las medidas necesarias para mitigar los efectos adversos ocasionados, así como la monitorización de los indicadores que permiten evaluar y supervisar de manera continua las emisiones al aire, los vertidos al agua y los derrames al suelo en sus emplazamientos.

Durante el 2024, seis emplazamientos de ACCIONA han presentado cantidades consolidadas por encima de los umbrales aplicables según el Anexo II del Reglamento (CE) n.º 166/2006 del Parlamento Europeo y del Consejo sobre el registro europeo de emisiones y transferencia de contaminantes emitidos a la atmósfera, al agua y al suelo, con excepción de las emisiones GEI.

Metodología: El cálculo de los contaminantes al aire se realiza multiplicando las cantidades de recursos y combustibles consumidos por un factor de emisión específico para cada contaminante. En el caso de instalaciones fijas, como las centrales de biomasa, estos factores de emisión se determinan a partir de mediciones in situ. Los datos se consolidan en las unidades adecuadas a partir de los registros reportados desde los proyectos. Una vez determinadas las cantidades de contaminantes por tipo e instalación, se comparan con los umbrales de reporte establecidos en el Anexo II del Reglamento (CE) n.º 166/2006.

Contaminación del aire de sustancias no-GEI

EVOLUCIÓN DE LAS EMISIONES ATMOSFÉRICAS DE CONTAMINANTES NO-GEI (T)

En determinadas instalaciones, ACCIONA superó los umbrales de emisiones de NOx y PM10 establecidos en el Anexo II del Reglamento (CE) n.º 166/2006 del Parlamento Europeo y del Consejo. En estos casos, las emisiones de NOx alcanzaron 1.623 toneladas y las de PM10, 64 toneladas. Estas cantidades representan el 60% y el 49% del total, respectivamente.

En 2024 se reportó un incidente relacionado con perturbaciones sonoras y sensoriales al entorno colindante del proyecto por emitir por encima de los niveles permitidos, resultando en una multa de carácter ambiental de 3.612€.

Contaminación del agua

En 2024, los emplazamientos de ACCIONA reportaron un total de siete incidentes ambientales relacionados con vertidos al medio hídrico. Todos estos eventos fueron clasificados como no significativos, ya que ninguno superó los umbrales legales establecidos en el Reglamento (CE) nº 166/2006, Anexo II. En conjunto, los incidentes representaron un volumen de 151,9 m³ y fueron gestionados de manera inmediata y eficaz.

ACCIONA abordó estos incidentes mediante una gestión inmediata en el lugar de los hechos, incluyendo acciones como el cierre de válvulas, la desconexión de equipos y la contención de sustancias en áreas específicas. Adicionalmente, se implementaron medidas de recuperación y tratamiento de residuos, como la retirada de materiales vertidos para su procesamiento adecuado.

En el mismo periodo, se registraron dos sanciones ambientales menores en instalaciones de tratamiento de agua para consumo humano, por un importe total de 6.002 euros, relacionadas con superaciones puntuales de valores de referencia y demoras en la comunicación de incidencias.

Contaminación del suelo

En 2024, se reportaron 23 incidentes relacionados con vertidos de sustancias al suelo de carácter no significativo, es decir, ninguno supera los umbrales legales contemplados en el Reglamento (CE) nº 166/2006 del Parlamento Europeo y del Consejo, Anexo II. Estos incidentes sumaron un volumen de 77 m³.

Los derrames se gestionan con absorbentes y limpieza manual. Se retiran los materiales contaminados y se reparan los equipos.

Substances of concern and substances of very high concern

ACCIONA busca contribuir a los entornos libres de sustancias tóxicas y contaminación. La presencia de sustancias preocupantes y muy preocupantes en las operaciones de ACCIONA se limita a su integración en los materiales empleados, como combustibles, hormigón o pintura, y no a su compra o producción directa de forma aislada. Este enfoque minimiza significativamente los impactos derivados de afecciones directas al medioambiente y los riesgos asociados a cambios regulatorios más rigurosos asegurando la gestión responsable de los recursos utilizados.

A continuación, se presentan las cantidades totales de sustancias preocupantes contenidas en los productos y materiales adquiridos y utilizados por la compañía durante sus operaciones. Estas sustancias se consumen o se integran en las infraestructuras como materiales, por lo que no generan residuos de salida que requieran gestión conforme a las normativas aplicables en cada caso.

Por otro lado, ACCIONA no consolida datos sobre sustancias extremadamente preocupantes, ya que no ha identificado ninguna fuente que las contenga o las emita:

Metodología de cálculo

La metodología de cálculo se ha basado un análisis exhaustivo del origen de las sustancias preocupantes y muy preocupantes presentes en las actividades de ACCIONA a partir de los recursos adquiridos, incluyendo los combustibles.

Para ello, se ha evaluado el 98% de los recursos consumidos en masa y el 100% de los combustibles utilizados en 2023, considerando 26 tipos de materiales y 9 tipos de combustibles, alineados con el consumo histórico de la empresa.

El cálculo se ha basado en la revisión detallada de las fichas técnicas de seguridad de cada recurso, identificando la cantidad y concentración de las sustancias relevantes. A partir de esta información, se ha definido un factor de emisión específico por cada unidad consumida de recursos o combustibles y por cada sustancia identificada, asegurando un enfoque preciso y alineado con las mejores prácticas en gestión ambiental.

Compliance and management approach

La Política de Medioambiente de ACCIONA es aplicable a todo material, producto o sustancia que pueda ocasionar contaminación del agua, suelo y/o atmósfera independientemente de si se considerada o no como una sustancia con alto potencial de impacto, preocupante, muy preocupante o cualquier connotación legislativa relevante que haya sido adquirida y/o gestionada en sus propias operaciones. Por ello, promueve la minimización y sustitución de estas sustancias de sus procesos, priorizando el uso de alternativas más seguras y sostenibles en productos no esenciales para el consumo social.

El desarrollo y uso de materiales libres de sustancias extremadamente preocupantes (SVHC) permitiría a ACCIONA adelantarse a las regulaciones en esta materia y responder a la creciente demanda de productos más seguros. El Reglamento REACH exige a las empresas identificar y gestionar los riesgos asociados a estas sustancias, promoviendo su sustitución por alternativas más seguras. ACCIONA invierte en investigación para desarrollar materiales libres de SVHC, colabora con proveedores comprometidos con la causa y certifica sus productos como seguros y sostenibles, fortaleciendo así su competitividad en el mercado.

Anticipated financial effects from pollution-related impacts, risks and opportunities

Methodology

A partir del Sistema de Gestión de Riesgos relacionados con la sostenibilidad, los distintos negocios de ACCIONA han analizado los efectos financieros potenciales de las situaciones de riesgo y de las oportunidades asociadas a la polución.

Los riesgos se evalúan en función de criterios de:

• Exposición (Probabilidad de ocurrencia): Porcentaje de probabilidad de ocurrencia (escala cualitativa: Remoto – Casi Seguro; cuantitativa: 1-5)
• Vulnerabilidad/Consecuencia económica-financiera: Porcentaje de disminución de las ventas / EBITDA / BAI (escala cualitativa: Insignificantes – Muy graves; cuantitativa: 1-5)

Physical and transition risks from water, air and soil pollution

Opportunities from decontamination of water, air and soil

Time horizons

Los escenarios de riesgo y oportunidades han sido evaluados con los siguientes horizontes temporales:

• TNFD: Go fast or go home: Evaluado a 2030
• TNFD: Sand in the gears: Evaluado a 2030
• Ventaja competitiva: Evaluado a 2030

Policies related to water and marine resources

Acciona has established a specific policy framework to address water and marine resources.

Política de Agua (Water Policy)

Scope:

• Applicable to all employees and all companies within the Organization included in its global consolidation perimeter
• Applicable across all geographic areas where Acciona operates
• The Organization promotes the adoption of these principles in companies in which it participates without exercising management control or holding a majority shareholding
• Extended, to the extent of its influence, to suppliers, contractors, collaborators, clients, local communities and other stakeholders

Governance and oversight:

• Approved by the Board of Directors (Consejo de Administración)
• Approved by the Audit and Sustainability Committee (Comisión de Auditoría y Sostenibilidad)
• The Audit and Sustainability Committee is responsible for supervising compliance with sustainability standards in environmental, social and corporate governance areas
• The Committee oversees adherence to internal codes and codes of business conduct

Key content and principles:

• Establishes the management framework for potential impacts, risks and opportunities related to water and marine resources
• Defines principles of responsible business conduct guiding due diligence related to water consumption, extractions and discharges
• Guarantees the quantity, availability and quality of water resources in the long term, recognizing water as a limited, irreplaceable and essential natural resource
• Contributes to universal and equitable access to drinking water and sanitation services, recognizing this access as a fundamental human right, especially in vulnerable local communities with high water stress
• Ensures rigorous compliance with current environmental regulations, promoting and supporting the development of new regulatory frameworks and international standards
• Prioritizes prevention of damage, committing to avoid adverse effects on the water environment caused by pollution, use of chemicals and substances of concern, or overexploitation of the resource, even in locations where no regulatory framework exists
• Promotes preservation and conservation of local water resources through purification and potabilization solutions
• Promotes responsible management of marine resources, evaluating the impacts of its activities in marine areas and ensuring regulatory compliance
• Promotes a regenerative approach that goes beyond mitigating negative impacts, aiming to increase the quantity and quality of water resources, especially in areas of high water stress
• Applied throughout the entire life cycle of projects to generate a positive impact

Public availability:

• The policy is publicly available
• Accessible at: Política de Agua de ACCIONA (referenced in Annex IV)

Links to international standards and guidelines:

• Aligned with the Kunming-Montreal Global Biodiversity Framework (GBFKM)
• Aligned with the Sustainable Development Goals (SDGs), particularly SDG 6 on clean water and sanitation and SDG 14 on life below water
• Derived from the Environmental Policy (Política de Medioambiente), which establishes principles to prevent and mitigate water, air and soil pollution
• Interrelated with Climate Change, Biodiversity and Circular Economy policies

Monitoring of implementation:

• The due diligence process includes mechanisms for identification, evaluation, management and remediation of dependencies, impacts, risks and opportunities related to key sustainability aspects
• Annual risk management procedure (Procedimiento de Gestión de Riesgos e Impactos ESG) evaluates all projects based on exposure (probability) and vulnerability (economic consequence) for risk situations, and exposure (probability) and magnitude (severity) for impact situations
• Results in categorization and prioritization of risk and impact situations, which the business analyzes and implements necessary management and remediation measures
• Reduces exposure and vulnerability of different locations and supply chains to water scarcity, decreased availability and quality of resources, changes in consumption patterns and water demand, new regulations and restrictions on water access and use

Actions and resources related to water

ACCIONA leads innovative solutions for sustainable water management, ensuring availability and quality in water-stressed areas. The company implements solutions for control and reduction of losses in distribution networks and designs infrastructures that favor the regeneration of aquatic ecosystems, contributing to water security and climate resilience.

The impact of actions is evaluated based on their contribution to the company's strategy, through progress toward the Sustainability Master Plan objectives or support for international goals such as the Sustainable Development Goals and the Kunming-Montreal Global Biodiversity Framework (GBFKM). These principles are reflected in corporate policies, aligning business management with global sustainability commitments.

Key actions 2024

Total financial resources allocated

Total financial resources allocated to water-related actions in 2024: €19,546,838

Link to policies and targets

All actions are aligned with:

• Sustainability Master Plan (PDS) – Planet Positive
• SDG 6 (Clean water and sanitation)
• SDG 12 (Responsible consumption and production)
• SDG 14 (Life below water)
• Kunming-Montreal Global Biodiversity Framework (GBFKM) – Targets 7 and 11

Governance and risk management

Water-related aspects are integrated into the ESG Risk and Impact Management Procedure, with all projects evaluated based on exposure (probability) and vulnerability (economic consequence) for risk situations, and exposure (probability) and magnitude (severity) for environmental impact situations. This procedure is conducted annually and results in categorization and prioritization of risk and impact situations. More information on governance is available in section GOV-5.

Targets related to water

Water consumption reduction in water-stressed countries

Target metric: Water consumption in countries with water stress

Target value: 14% reduction

Target year: 2025

Baseline year: 2020

Baseline value: 334,601 m³

Interim target: 13% reduction by 2024

Scope: All installations within Acciona's perimeter

Type: Absolute reduction target

Methodology: Based on FAO methodology, which defines water stress as water availability below 1,700 m³ per person per year

Validation: Developed as part of the Sustainability Master Plan (PDS) with external support from consultancy Volans and aligned with CDP (Carbon Disclosure Project) reporting standards. No mention of SBTi validation.

Monitoring: Semi-annual monitoring of water consumption data

Progress to date: Not explicitly disclosed in the excerpts

Water consumption

Water inflows (influentes)

ACCIONA manages water resources comprehensively, monitoring indicators to evaluate and continuously supervise the quantity of water consumed, distributed and produced throughout its different operations and supply chains.

In 2024, ACCIONA had a total of 2,462 hm³ of water inflows to its facilities. A significant volume corresponds to seawater intake used entirely in desalination processes to increase water availability, especially in regions with limited water resources. Raw water inflow to wastewater treatment plants treated wastewater generated by approximately 16 million people.

Water inflows by source (m³)

Note: Discharges to the sea, surface waters and sanitation networks disclosed in this table do not include accidental discharges covered in Chapter "E2 Pollution"

Water recycling

In 2024, ACCIONA used 13.1 hm³ of recycled water in its own facilities, optimizing the use of water resources and significantly reducing the need to capture new water sources.

Water stress analysis

ACCIONA has two methodologies for quantifying facilities in countries or areas with water stress:

FAO methodology: 43 facilities located in countries with water stress (annual water supply availability less than 1,700 m³ per person), including United Arab Emirates, Saudi Arabia, Egypt, South Africa and Poland. These facilities represent 6% of total facilities and 3% of ACCIONA's net revenue.

WRI Water Risk Atlas methodology - 700 ACCIONA sites (own operating centers only, excluding services) geolocated and consolidated by financial perimeter:

343 sites are located in one of the 100 priority basins identified by the UN Global Compact and Pacific Institute through the CEO Water Mandate initiative.

19% of ACCIONA's sites interface with water bodies, classified in: renewable electricity generation (biomass), infrastructure construction, and operation and maintenance of water production plants.

Anticipated financial effects from material water and marine resources-related impacts, risks and opportunities

A partir del Sistema de Gestión de Riesgos relacionados con la sostenibilidad, los distintos negocios de ACCIONA han analizado los efectos financieros potenciales de las situaciones de riesgo y de las oportunidades asociadas a los recursos hídricos. Con el fin de presentar este contenido de forma más lógica y coherente, se ha modificado el índice inicial, ubicando el apartado en "Gestión de incidencias, riesgos y oportunidades" —en lugar de "Métricas y objetivos" como sugiere el estándar NEIS E3—, de modo que primero se describe la metodología de análisis de riesgos y oportunidades, y posteriormente se exponen los resultados.

Análisis de los riesgos físicos y de transición derivados de la disponibilidad, calidad y cantidad de los recursos hídricos

Nota: La tabla continúa con riesgos adicionales relacionados con recursos marinos, pero se trunca en los extractos proporcionados.

Transition plan and consideration of biodiversity and ecosystems in strategy and business model

Integration in corporate strategy and business model

ACCIONA ha llevado a cabo la identificación y valoración de los impactos positivos y negativos, riesgos y oportunidades en relación con el asunto de la biodiversidad, siguiendo una sistemática alineada con las exigencias CSRD.

El desarrollo y operación de las diferentes infraestructuras que promueve ACCIONA puede generar impactos, tanto positivos como negativos, sobre la biodiversidad. Por ello, consciente de la importancia de la protección de los ecosistemas naturales, ACCIONA concibe las infraestructuras como una oportunidad para minimizar los impactos en el proceso constructivo y regenerar los ecosistemas y la biodiversidad circundantes a través de un diseño adecuado.

La parte central de la propuesta de valor de la compañía se fundamenta en el desarrollo de infraestructuras multifuncionales, inspiradas en la naturaleza, tratando de maximizar su productividad y la regeneran el entorno social y ambiental en el que se emplazan.

Para ello, ACCIONA ha desarrollado un enfoque basado en tres pilares – integración en el contexto local, biomimética y circularidad radical - que guían el diseño, desarrollo y operación de sus proyectos a través de estándares propios que cierran la brecha entre el impacto generado dentro de la regulación y lo realmente necesario para evitar la pérdida de biodiversidad.

Este enfoque permite que las infraestructuras así deseñadas funcionen como un sistema regenerativo, integrándose en el entorno para fortalecer la resiliencia de los ecosistemas y generar un impacto positivo. Al concebir la naturaleza y el tejido social como elementos interconectados, estas infraestructuras no solo satisfacen necesidades humanas, sino que también potencian la biodiversidad y los ecosistemas como sumideros de carbono y mecanismos clave para la adaptación y mitigación climática.

Biodiversity transition plan

La hoja de ruta actual en materia de biodiversidad de ACCIONA está establecida en el Plan Director de Sostenibilidad (PDS) a 2025, situando a la compañía en un momento de crecimiento donde la metodología LEAP (Localizar, Evaluar, Analizar y Preparar) ha guiado la primera fase de diagnóstico sobre las dependencias, impactos, riesgos y oportunidades para sentar las bases para un plan de acción efectivo que se desarrollará durante el 2025 en el marco de la elaboración del nuevo Plan Director de Sostenibilidad de la compañía, con horizonte a 2030.

El objetivo de ACCIONA es elaborar un plan de transición que materialice el enfoque regenerativo en sus soluciones donde la integración de la naturaleza sea una parte distintiva de las actividades de una compañía que opera en una diversidad de sectores y más de cuarenta países. Este plan estará alineado con los objetivos globales del Marco Global de Biodiversidad de Kunming-Montreal, estableciendo las palancas de transformación necesarias para asegurar que su contribución sea efectiva.

Biodiversity targets

ACCIONA asegura la resiliencia de su modelo de negocio integrando los principios de sostenibilidad y alineándose con marcos internacionales como el Marco Global de Biodiversidad de Kunming-Montreal y los Objetivos de Desarrollo Sostenible. En este contexto, la compañía establece objetivos ambiciosos que refuerzan el compromiso con la conservación de la naturaleza, contribuyendo significativamente a las metas globales para frenar la pérdida de biodiversidad a 2030 y avanzar hacia una biodiversidad con ganancia neta para 2050.

Esto se traduce en un enfoque estratégico centrado en la protección y conservación de la biodiversidad y los ecosistemas colindantes a sus operaciones. Esta resiliencia es evaluada tomando los horizontes temporales definidos por el Marco Global de Biodiversidad de Kunming-Montreal:

• Corto plazo (2025): cumplimiento de los objetivos del Plan Director de Sostenibilidad.
• Mediano plazo (2030): contribución significativa a la meta global de detener la pérdida de biodiversidad (objetivo de No Net Loss fijado para 2030).
• Largo plazo (2050): alcanzar una ganancia neta en biodiversidad en todas sus operaciones.

ACCIONA refuerza su compromiso con la Cero Deforestación Neta para 2030 y adopta un enfoque regenerativo que busca generar una Ganancia Neta de Biodiversidad, promoviendo soluciones basadas en la naturaleza y el desarrollo de infraestructuras que favorezcan la recuperación de los ecosistemas.

Geographic and value-chain scope

El enfoque de debida diligencia asegura que estos análisis se realizan en todas las geografías y actividades de la compañía, de tal manera que haya una representación total tanto de los sectores donde participa como de las características locales y las cadenas de valor involucradas.

A nivel de proyecto, los análisis específicos de exposición y vulnerabilidad revelan que, aproximadamente 30 de los 700 emplazamientos presentan un potencial de exposición a riesgos relacionados con la biodiversidad y los ecosistemas de importancia relativa.

Se han identificado 99 emplazamientos con incidencias sobre poblaciones de especies y ecosistemas, asociadas con casos de contaminación por derrames y vertidos puntuales. De estos emplazamientos 45, se encuentran dentro o próximos a áreas protegidas o áreas clave para la biodiversidad en países como Australia, México y España.

Use of TNFD framework

Los escenarios desarrollados por el Taskforce on Nature-related Financial Disclosures (TNFD) se han empleado como base para identificar y evaluar los riesgos y oportunidades asociados a las interacciones entre las operaciones de ACCIONA y los componentes fundamentales de la naturaleza, como la biodiversidad, el agua, el suelo y el clima.

Los escenarios empleados son: "Ahead of the Game", que plantea un enfoque proactivo y coordinado hacia la conservación de la naturaleza, impulsado por políticas de carbono exitosas y presión social por transparencia en los impactos a la naturaleza; "Go Fast or Go Home", caracterizado por impactos rápidos y severos en servicios ecosistémicos; "Sand in the Gears", donde señales contradictorias y falta de coherencia en políticas y mercados dificultan las acciones sistemáticas; y "Back of the List", en el que la prioridad global se centra en el carbono, relegando los riesgos de naturaleza.

En 2024, ACCIONA ha intensificado su labor en la defensa pública de la agenda de naturaleza y biodiversidad, involucrando a sus delegados en diversas iniciativas. Entre ellas, destaca su participación en el Taskforce de TNFD y, en particular en la elaboración de las guías sectoriales, facilitando la integración de la biodiversidad en las estrategias empresariales a nivel global.

ACCIONA ha integrado las recomendaciones del Task Force on Nature-Related Financial Disclosures (TNFD) en sus estándares de divulgación. Estas directrices se reflejan específicamente en los capítulos E1 y E4 del presente informe, abordando los temas de Cambio Climático, Biodiversidad y Ecosistemas.

Investment commitments

Un aspecto clave en esta transición es la financiación para la restauración de la biodiversidad, un ámbito en el que aún se están definiendo los instrumentos financieros y marcos regulatorios a nivel global. La estrategia de ACCIONA explora nuevas herramientas financieras que permiten impulsar la regeneración de los ecosistemas y avanzar no solo hacia el objetivo de No Net Loss fijado para 2030, sino también hacia una ganancia neta en biodiversidad.

El alineamiento de las actividades con la Taxonomía Europea y el cumplimiento del principio Do No Significant Harm (DNSH) en sus seis objetivos, incluyendo la biodiversidad, ha permitido a la compañía acceder a financiación verde, la cual superará el 80% a finales de 2024.

Linkage to nature-related risk assessment

ACCIONA evalúa su interacción con la naturaleza en general, y con la biodiversidad y los ecosistemas en particular, tanto desde el punto de vista de las dependencias como de los impactos, ambos pudiendo derivar en riesgos y oportunidades potenciales de importancia relativa para la compañía.

Los aspectos relacionados tanto con las incidencias potenciales sobre la biodiversidad como los posibles riesgos derivados se integran en el Procedimiento de Gestión de Riesgos e Impactos ESG de tal manera que todos los proyectos se evalúan en función de la exposición (probabilidad) y vulnerabilidad (consecuencia económica) para las situaciones de riesgo y en función de la exposición (probabilidad) y magnitud (gravedad) para las situaciones de impacto en el entorno.

La evaluación de importancia relativa ha resultado en la identificación de 34 asuntos relacionados con la biodiversidad, de los cuales 23 son considerados materiales y están vinculados a las actividades de generación renovable e infraestructuras.

ACCIONA identifica la afección de las operaciones a especies vulnerables, la ocupación e interacción con espacios protegidos y zonas de biodiversidad sensibles, y la degradación y pérdida generalizada de biodiversidad como un asunto material. Las metodologías y resultados obtenidos se incorporan a los análisis anuales de desempeño y gestión de impactos, riesgos y oportunidades en las distintas líneas de negocio y proyectos.

Advocacy and public engagement

ACCIONA integra estos principios en sus operaciones e impulsa la agenda global de biodiversidad, participando activamente en foros especializados a nivel nacional e internacional, como la COP16 de Biodiversidad en Cali, Colombia.

Para amplificar su impacto en los marcos normativos y políticos, colabora con una red de actores estratégicos, entre los que destacan la Fundación Biodiversidad, el World Business Council for Sustainable Development (WBCSD) y el Taskforce on Nature-related Financial Disclosures (TNFD).

Además, a través de la firma del llamamiento de Business for Nature, refuerza su compromiso con la incorporación de la naturaleza en la economía, promoviendo políticas y soluciones que favorecen la regeneración de los ecosistemas.

Policies related to biodiversity and ecosystems

Política de Biodiversidad (Biodiversity Policy)

Scope:

• Applicable to employees and all companies within the Organization included in its global consolidation perimeter
• Applicable to all geographical areas where the company has a presence
• The Organization promotes the adoption of these principles in companies of any nature in which it participates without exercising management control or without having a majority shareholding
• Extended, to the extent of its influence, to suppliers, contractors, collaborators, customers, local communities and other stakeholder groups

Governance and oversight:

• Approved by the Board of Directors (Consejo de Administración)
• Approved by the Audit and Sustainability Committee (Comisión de Auditoría y Sostenibilidad)
• The Audit and Sustainability Committee is responsible for supervising compliance with sustainability standards in environmental, social and corporate governance areas, and oversees adherence to internal codes and business conduct codes

Key content and principles:

• Establishes the framework for conservation and protection of ecosystems and individuals present in habitats, both marine and terrestrial, within the Organization's value chain
• Defines principles of responsible business conduct that guide the identification, evaluation and management of dependencies, impacts, risks and opportunities related to the protection and restoration of biodiversity and ecosystems
• Ensures rigorous compliance with environmental regulations and supports the development of regulatory frameworks that strengthen biodiversity protection
• Applies the mitigation hierarchy to minimize and compensate for impacts, prioritizing damage prevention, reduction of unavoidable impacts and restoration of affected habitats
• Promotes conservation of terrestrial and marine ecosystems through identification and protection of areas of high ecological value (natural and sensitive areas)
• Reinforces commitment to Net Zero Deforestation by 2030
• Adopts a regenerative approach seeking to generate a Net Gain in Biodiversity, promoting nature-based solutions and development of infrastructure that favors ecosystem recovery
• Advocates for free, prior and informed consent for access to genetic resources, as well as sustainable and respectful practices on the land where its activity takes place

Public availability:

• Publicly available (referenced in Annex IV and the Biodiversity Policy of ACCIONA)

Links to international standards:

• Due diligence process aligned with CSRD requirements
• Applies TNFD's LEAP methodology to identify and manage dependencies, impacts, risks and opportunities related to nature

Related policies:

• Derives from the Environmental Policy (Política de Medioambiente), which establishes principles for preventing and mitigating pollution of water, air and soil, and mechanisms for implementing the due diligence process
• Interrelated with Climate Change Policy, Water Policy and Circular Economy Policy, addressing natural capital conservation in an integral manner
• Together with other environmental policies, establishes the necessary levers to address the main direct drivers of biodiversity change and loss

Monitoring:

• The company has implemented the TNFD LEAP methodology for identifying and managing dependencies, impacts, risks and opportunities related to nature
• These analyses allow evaluation of the effectiveness of measures and ensure conservation of key habitats and regeneration of degraded ecosystems
• Impact of actions is evaluated based on their contribution to company strategy, either through progress towards objectives or other strategic goals

Note on specific policies: ACCIONA has not developed a specific agricultural or land use policy, or a specific principle on fair and equitable sharing of genetic resources, as it does not use them directly. However, the company advocates for free, prior and informed consent for access to such resources, as well as sustainable and respectful practices on the land where its activity takes place.

Actions and resources related to biodiversity

Acciona integrates biodiversity protection and restoration into its projects through a science-based approach and proactive management of impacts on ecosystems. The company has implemented the TNFD LEAP methodology to identify and manage its dependencies, impacts, risks and opportunities related to nature. The impact of actions is evaluated based on their contribution to the company's strategy, either through progress towards Sustainability Master Plan objectives or support for international goals such as the SDGs and the Kunming-Montreal Global Biodiversity Framework (GBFKM).

Key Actions and Resources (2024)

Total Resources

Total financial resources for biodiversity actions in 2024: €16,860,403

Additional Context

• Actions are aligned with the Sustainability Master Plan (PDS) to 2025, with the company currently in a growth phase where the LEAP (Locate, Evaluate, Assess and Prepare) methodology has guided the first diagnostic phase on dependencies, impacts, risks and opportunities.
• The company aims to develop a transition plan to 2030 that materializes the regenerative approach in its solutions, aligned with the Kunming-Montreal Global Biodiversity Framework objectives.
• A new Sustainability Master Plan with a horizon to 2030 will be developed during 2025.
• The approach is based on three pillars: integration in the local context, biomimetics and radical circularity.

Targets related to biodiversity and ecosystems

Target 1: No Net Loss by 2030

Target metric: Biodiversity/ecosystem impact (No Net Loss)

Target year: 2030

Scope: All projects and activities under Acciona's perimeter (own operations)

Alignment: Aligned with the Global Biodiversity Framework of Kunming-Montreal (Marco Global de Kunming-Montreal)

Type: Absolute target related to biodiversity loss mitigation

Validation: Internally defined as part of the Sustainability Master Plan (Plan Director de Sostenibilidad), with external support from consultancy Volans and reporting indices like CDP

Baseline year and value: Not disclosed

Progress to date: Not quantitatively disclosed

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Target 2: Net Gain by 2050

Target metric: Biodiversity/ecosystem net gain (Net Gain / Ganancia Neta)

Target year: 2050

Scope: All projects and activities under Acciona's perimeter (own operations)

Alignment: Aligned with the Global Biodiversity Framework of Kunming-Montreal

Type: Absolute target for biodiversity net positive impact

Validation: Internally defined as part of the Sustainability Master Plan

Baseline year and value: Not disclosed

Progress to date: Not quantitatively disclosed

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Target 3: Zero Net Deforestation

Target metric: Net deforestation (No Net Deforestation / Cero Deforestación Neta), including deforestation associated with products and services generated, marketed and/or sold

Target year: Not specified

Scope: Own operations and value chain (products and services)

Type: Absolute target for zero net deforestation

Validation: Voluntary commitment internally defined

Baseline year and value: Not disclosed

Progress to date: Not quantitatively disclosed

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Target 4: Tree planting (additional to mitigation measures)

Target metric: Number of trees planted (additional to those already included as mitigation measures in projects)

Target value: 1,000,000 trees (one million trees)

Target period: 2021-2025

Scope: Own operations (voluntary commitment beyond regulatory mitigation requirements)

Type: Absolute target

Validation: Voluntary commitment internally defined

Baseline year and value: Not applicable (cumulative planting target)

Progress to date: Not quantitatively disclosed

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Monitoring and review

Acciona conducts semi-annual monitoring of progress towards environmental targets through data collection and consolidation, allowing proactive adjustments when variations are detected. The targets were defined in 2020 as part of the Sustainability Master Plan and have not been modified since their definition.

Impact metrics related to biodiversity and ecosystems change

Spatial footprint and operations in sensitive areas

ACCIONA quantifies its total spatial footprint and evaluates the relationship between its projects and biodiversity using the Integrated Biodiversity Assessment Tool (IBAT), identifying interaction with sensitive zones for biodiversity (protected areas or key biodiversity areas).

The following table shows the total surface area of ACCIONA's evaluated projects and their presence in sensitive biodiversity zones:

*Excluded from the evaluation are third-party work centers where services are provided, non-geolocated (mobile) activities, and offices located in urban centers.

In 2024, ACCIONA reinforced its efforts in the environmental evaluation of its sites, expanding the analysis of its spatial footprint beyond those located in sensitive biodiversity zones. This approach has allowed a more precise understanding of its environmental impact, reflecting an increase in indicator coverage compared to previous years.

Species impact metrics

The company identifies species affected by its sites according to the IUCN Red List of Threatened Species and National Conservation Catalogues. The number of species and their degree of protection according to the IUCN Red List is tracked. Species that, although not appearing on the Red List, are protected by National Catalogues are also considered.

Note: The excerpt indicates this table exists but the specific data table showing species counts by protection category was not included in the provided excerpts.

Environmental sanctions

In 2024, within the framework of ACCIONA's operations, two environmental sanctions totaling €1,800 were identified in relation to compliance with certain environmental requirements. These situations occurred due to a temporary absence of a device for visual control of ecological flow and the use of unauthorized material in Natura 2000 Network. Both situations were managed immediately, ensuring regulatory compliance.

Anticipated financial effects from biodiversity and ecosystem-related impacts, risks and opportunities

Overview

A partir del Sistema de Gestión de Riesgos relacionados con la sostenibilidad, los distintos negocios de ACCIONA han analizado los efectos financieros potenciales de las situaciones de riesgo y de las oportunidades asociadas a la biodiversidad.

Methodology

Los resultados se integran en el Sistema de Gestión de Riesgos general de ACCIONA y se elevan al Consejo de Administración a través de la Comisión de Auditoría y Sostenibilidad para determinar si el nivel de riesgo es tolerable siguiendo la gobernanza presentada previamente en el apartado GOV-5.

A continuación, se detallan los criterios de calificación para los indicadores de identificación de escenarios y situaciones de riesgo y oportunidad. Estos criterios son comunes a cualquier proceso de evaluación y gestión de riesgos en ACCIONA.

Analysis of physical and transition risks related to biodiversity and ecosystems

Policies related to resource use and circular economy

Acciona has established a specific policy framework to guide its approach to resource use and circular economy:

Política de Economía Circular (Circular Economy Policy)

Acciona's Circular Economy Policy establishes the strategic framework for implementing a circular model for resource and waste management in an integral manner. It defines the principles of responsible business conduct that guide the identification, evaluation, and management of dependencies, impacts, risks, and opportunities related to resource use and the circular economy.

Governance and approval:

• Approved by the Board of Directors (Consejo de Administración)
• Supervised by the Audit and Sustainability Committee (Comisión de Auditoría y Sostenibilidad), which is responsible for overseeing compliance with sustainability standards in environmental, social, and corporate governance areas
• The Audit and Sustainability Committee also ensures adherence to internal and business conduct codes

Scope:

• Applicable to employees and all companies within the organization included in its global consolidation perimeter
• Applies to all geographical areas where the company has a presence
• The organization promotes the adoption of these principles in companies of any nature in which it participates without exercising management control or without having a majority shareholding
• Extended, to the extent it has influence, to suppliers, contractors, collaborators, customers, local communities, and other stakeholders

Key content and principles:

• Compliance with regulations
• Prevention of damage caused by overexploitation of resources and poor waste management
• Responsible sourcing of sustainable materials
• Regenerative approach using advanced tools such as Life Cycle Analysis, ecodesign, and digitalization to optimize resources throughout the project lifecycle, generating positive impact on ecosystems
• Promotion of strategies such as material reuse, predictive maintenance, and implementation of collaborative models like industrial symbiosis
• Leading the transition toward circular economic models, aligned with global efforts to decouple economic growth from the use of virgin resources and waste generation
• Maximizing resource value, eliminating waste and pollution, and promoting regeneration of natural systems
• Sustainable supply, material reuse, and development of regenerative projects

Relationship to other policies:

• Derives from the Environmental Policy (Política de Medioambiente), which establishes principles for preventing and mitigating pollution of water, air, and soil, as well as mechanisms for implementing due diligence processes
• Interrelated with Biodiversity Policy and Water and Marine Resources Policy, seeking to generate long-term positive impact, aligned with regeneration and sustainability principles

Monitoring and implementation:

• The organization implements continuous monitoring of key performance indicators (KPIs) to ensure tangible progress toward objectives
• In 2024, Acciona renewed the AENOR 100% Circular Strategy seal, consolidating its leadership in integrating circular economy into its operations
• The certification process analyzed key aspects including monitoring of circularity indicators, implementation of an action plan with specific initiatives, internal training, strategic oversight by the Board of Directors, and disclosure of progress to stakeholders

Public availability:

• Publicly available at: Política de Economía Circular de ACCIONA
• Additional information available in Annex IV

Alignment with international standards:

• Aligned with the Kunming-Montreal Global Biodiversity Framework, which positions circular economy as a key tool for biodiversity conservation
• Integrates principles of the RESOLVE framework, particularly Optimize (promoting efficiency) and Loop (promoting reuse and recycling)

Actions and resources related to circular economy

Acciona implements a circular economy model that maximizes resource efficiency and minimizes waste generation through process redesign and innovative technologies. Actions are evaluated based on contribution to the Sustainability Master Plan, alignment with SDGs, and the Kunming-Montreal Global Biodiversity Framework.

Key Actions (2024)

1. Eficiencia de uso y Ecodiseño (Efficiency of use and Ecodesign)

Description:

• Implementation of circular design to maximize durability and recyclability
• Optimization of input and output resources through lower-impact alternatives
• Circularity certifications such as AENOR or LEED
• Life cycle analysis to increase sustainability
• 12 LCAs conducted in 2024

Scope: Own operations and upstream (Infraestructuras Nordex, Energía y Otros Negocios)

Time horizon: 1 year

Resources:

• Type: Materials, financial and human resources
• Financial: €3,184,837

Expected outcomes/impacts:

• GBFKM – Goal 16: Promote sustainable consumption and reduce waste
• SDG 12 (Responsible production and consumption): Promotes sustainable consumption patterns and reduces waste
• RESOLVE Framework: Contributes to optimize and close the loop objectives
• PDS – Planet Positive: Increases circularity and reuse of materials in production processes

2. Tasas de reutilización (Reuse rates)

Description:

• Promotion of repair and reuse of materials
• Integration of recycled and renewable resources
• Investments in industrial symbiosis measures
• Promotion of recycled materials use

Scope: Own operations and downstream (Infraestructuras Nordex, Energía y Otros Negocios)

Time horizon: 1 year

Resources:

• Type: Materials and human resources
• Financial: €7,805,842

Expected outcomes/impacts:

• GBFKM – Goal 16: Promote sustainable consumption and reduce waste
• SDG 9 (Industry, innovation and infrastructure): Stimulates adoption of sustainable infrastructure
• RESOLVE Framework: Contributes to redistribute, close the loop and exchange objectives
• PDS – Planet Positive: Increases circularity and reuse of materials

3. Prevención de la generación de residuos (Waste prevention)

Description:

• Application of preventive measures at all stages of the value chain
• Efficient waste management

Scope: Infraestructuras Nordex, Energía y Otros Negocios

Resources:

• Type: Financial

Expected outcomes/impacts:

• PDS – Planet Positive: Minimizes waste generation through preventive and sustainable strategies
• GBFKM – Goal 7: Reduce pollution to non-harmful levels

Additional Initiatives

• Certification: In 2024, Acciona renewed the AENOR 100% Circular Strategy seal, recognizing structured integration of circular economy in operations
• Supplier homologation system: Works exclusively with authorized waste managers to ensure regulatory compliance and best practices
• Circular solutions: Water circularity strategies and recycling of composite materials, including wind turbine blade recycling for new products
• Construction focus: Reuse of materials in construction, reduction of on-site waste, and optimization of industrial by-product management

Performance Metrics

Resource inputs (2024):

• Total resources: 16.01 million tonnes (16% reduction vs 2023)
• Recycled or reused materials: 11%

Waste outputs (2024):

• Total waste: 14.8 million tonnes
• Valorization rate: 93%
• Elimination: 7%
• Hazardous waste reduced by ~50% vs previous period

Links to policies and targets:

• All actions aligned with Sustainability Master Plan (PDS)
• Annual target: At least 50% of all Acciona operations incorporate circular actions related to material inputs or waste outputs
• Progress monitored semi-annually through data collection campaigns

Targets related to circular economy

Target 1: Reduction of non-valorized waste

• Target metric: Tonnes of non-valorized waste
• Target value: 50% reduction (from baseline of 1,461,600 tonnes)
• Target year: 2025
• Baseline year: 2020
• Baseline value: 1,461,600 tonnes
• Interim target: 40% reduction by 2024
• Scope: All installations within the consolidation perimeter where the company exercises control over operations
• Type: Absolute reduction
• Validation: Voluntary targets set by ACCIONA, with support from external consultants (Volans) and aligned with CDP reporting indices. Targets defined in 2020 as part of the Sustainability Master Plan (PDS) and have not been modified since.

Target 2: Increase in renewable resources consumption

• Target metric: Percentage of renewable resources consumed
• Target value: Double the percentage (from baseline of 11%)
• Target year: 2025
• Baseline year: 2020
• Baseline value: 11%
• Interim target: 19.8% by 2024
• Scope: All installations within the consolidation perimeter where the company exercises control over operations
• Type: Intensity-based (percentage)
• Validation: Voluntary targets set by ACCIONA, with support from external consultants (Volans) and aligned with CDP reporting indices. Targets defined in 2020 as part of the Sustainability Master Plan (PDS) and have not been modified since.

Target 3: Operations with circular measures

• Target metric: Percentage of operations incorporating circular actions or measures
• Target value: At least 50%
• Target year: Annual target
• Scope: All operations performed by ACCIONA, related to both material inputs and waste outputs
• Type: Not specified
• Validation: Voluntary target, part of the Sustainability Master Plan (PDS)

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Progress monitoring: Compliance with these targets is monitored semi-annually through data collection and consolidation campaigns, allowing for evaluation of progress and adjustment of strategies in case of significant deviations.

Additional information: These targets are aligned with the Kunming-Montreal Global Biodiversity Framework and the RESOLVE framework principles, particularly Optimize (promoting efficiency) and Loop (promoting reuse and recycling). In 2024, ACCIONA renewed the AENOR 100% Circular Strategy seal, recognizing its structured approach to circular economy integration.

[E5-4] Entrada de recursos

El volumen de recursos de entrada en ACCIONA se da mayoritariamente en las actividades relacionadas con construcción de infraestructuras. En la división de infraestructuras (construcción, agua, concesiones y servicios urbanos) la distribución de los recursos se concentra en la adquisición hormigón, de tierras, áridos. Para la división de energía se encuentra centrado en hormigón y acero para la construcción de aerogeneradores, así como módulos de paneles solares. En Nordex los principales recursos se centran en hormigón, acero para la fabricación de las torres de los aerogeneradores, así como fibras de vidrio para la fabricación de las palas.

En 2024, el consumo total de recursos ascendió a 16,01 millones de toneladas, cifra que supone una reducción del 16% con respecto a la del año pasado. El porcentaje de materiales con origen reciclado o reutilizado se ha situado en el 11% en 2024.

Las entradas para las categorías reciclado o reutilizado se registran de manera específica e inequívoca para cada entrada, no produciéndose ningún tipo de solapamiento en la consolidación de dicha información.

*Reciclados o renovables: madera certificada (FSC o similar), tierras, áridos, aceros, papel y cartón reciclados

Metodología

ACCIONA no ha identificado el uso de productos intermedios secundarios, componentes secundarios reutilizados o reciclados y materiales secundarios empleados para fabricar los productos o servicios, por tanto, no se desglosarán las cantidades en peso para dichos indicadores.

En cuanto al cálculo del consumo de recursos, este se fundamenta en las adquisiciones efectuadas para cada uno de los proyectos, empleando para ello el criterio de devengo. Las adquisiciones reflejan el volumen de materias primas o productos adquiridos.

Las cantidades se registran en los sistemas de reporte utilizando sus unidades de peso o volumen originales. Para garantizar la coherencia de la información al momento de su agregación, se dispone de un catálogo de magnitudes. Este catálogo está diseñado para efectuar de manera automatizada la conversión de datos desde unidades volumétricas a unidades de masa.

Resource outflows

Products and materials

ACCIONA contributes to the circular economy model through production strategies based on principles of durability, repairability, disassembly, remanufacturing or reconditioning, recycling and reuse, and recirculation.

Nordex (wind energy solutions) ensures that the design of its wind turbines prioritizes material and energy efficiency throughout their life cycle, as well as repairability, supported by a consolidated global network of repair facilities. The repair infrastructure ensures that the product sold can be maintained and repaired effectively, contributing to extending its useful life and sustainability.

Silence (urban electric mobility leader) promotes circularity in the design and production of its electric scooters, highlighting the use of removable, repairable and recyclable batteries that promote a reuse-based model. The company ensures that the materials used meet strict sustainability standards, prioritizing those of recycled origin or with low environmental impact. It also implements used battery collection and recycling programs to maximize recovery of valuable materials, aligning its practices with extended producer responsibility principles.

Circularity indicators for key products

*Industry average durability has been evaluated from Environmental Product Declarations (EPD). **Maintenance materials include major components such as blades or gearboxes, but also smaller components and service fluids.

Packaging and materials

Regarding packaging and materials used in these production models, the recyclability assessment has identified limitations associated with current recycling definitions and practices. For example, plastic packaging used, composed of mixed films, is not recycled in practice, so its recyclable content is considered 0%. As for wooden packaging, although materials such as single-use and multi-use pallets achieve a reuse rate of 34% and are theoretically 100% recyclable by their material properties, they do not meet the criteria established by NEIS regulations to be considered recyclable. Similarly, reusable steel fittings for transporting main gondola components are 100% reused, but not recycled in strict terms, although they have a theoretical recyclability of 100%.

The general reuse index for multi-use packaging is 55%, while the theoretical recyclability of all packaging exceeds 87%.

Anticipated financial effects from resource use and circular economy-related impacts, risks and opportunities

Methodology

A partir del Sistema de Gestión de Riesgos relacionados con la sostenibilidad, los distintos negocios de ACCIONA han analizado los efectos financieros potenciales de las situaciones de riesgo y de las oportunidades asociadas a la economía circular.

Los criterios de calificación para los indicadores de identificación de escenarios y situaciones de riesgo y oportunidad son:

Physical and transition risks related to circular economy

Opportunities related to circular economy

Waste

Waste flows and composition

Waste flows at ACCIONA are concentrated in the construction sector, with 96% of waste outputs being earth, rubble and concrete. In the rest of the infrastructure businesses (water, concessions and urban services), the main waste follows the same trend, with earth and rubble being the main waste generated, followed by dewatered sludge from treatment plants and fecal water.

On the other hand, the energy division centralizes its waste in ash and slag produced by biomass, representing more than 75% of total waste; these ashes and slags achieve valorization percentages of 100% for legally valorizable ash. Regarding Nordex, its waste is centralized in steel, wood and packaging, which are mostly reused.

In 2024, the company generated a total of 14.8 million tonnes of waste, of which 93% was destined for valorization processes and 7% for disposal processes.

This represents a decrease compared to last year's figures, mainly due to the completion of the excavation phase of Sydney metro projects, which, although replaced by other projects that generate large volumes of earth such as Western Harbour Tunnel or the M80 Ring road, both in Australia, do not reach previous figures. Regarding hazardous waste, it decreased by almost 50% compared to the previous period due to lower generation of asbestos-contaminated materials in Oceania works.

ACCIONA works exclusively with authorized waste managers, guaranteeing regulatory compliance and best practices in waste management. To this end, the company has a supplier approval system that provides security about the origin of acquired resources, helping to prevent impacts caused in the supply chain.

Waste breakdown and evolution

Policies related to own workforce

Acciona reports that it has policies applicable across the entire organization, with responsibility for implementation resting with senior management (Alta Dirección). All policies are publicly available on the company's website in both Spanish and English.

Código de Conducta (Code of Conduct)

Scope: All companies within the Acciona Group and all administrators and employees.

Governance:

• The Code establishes values that must guide the behavior of all Group companies
• Serves as the basis for the company's Ethics and Compliance Model (Modelo de Ética y Cumplimiento)
• Comisión del Código de Conducta (Code of Conduct Commission) oversees compliance
• Employees can consult this Commission and use the ethics channel for inquiries

Key content / principles:

Basic principles of behavior:

• The company adopts as basic behavioral guidelines the Universal Declaration of Human Rights, ILO Declaration on Fundamental Principles and Rights at Work and ILO Conventions, OECD Guidelines for Multinational Enterprises, and UN Global Compact
• Comply with applicable national and international laws
• Respect human rights and public freedoms, contribute to environmental preservation, and collaborate with community development and wellbeing
• Promote honesty, equity, truthfulness, fulfillment of commitments, free competition, and transparency
• Provide good working conditions, respecting labor rights

Ethics and compliance principles:

• Know and comply with the Code of Conduct and internal and external regulations related to their activities
• Collaborate in compliance: employees must meet company requirements on ethics and compliance, including completing declarations of conformity, training requirements, and collaborating in executing processes and controls
• Preserve traceability of decisions to demonstrate compliance with company policies, processes, and controls
• Consult doubts and report irregularities: employees must immediately report possible irregularities or non-compliance with the Code through the ethics channel and available mechanisms

Public availability: Available on the company's website in Spanish and English (specific URL not provided in excerpts).

Links to international standards:

• Universal Declaration of Human Rights
• ILO Declaration on Fundamental Principles and Rights at Work and ILO Conventions
• OECD Guidelines for Multinational Enterprises
• UN Global Compact

Monitoring implementation:

• Ethics and Compliance Model includes processes and controls to ensure compliance with internal and external regulations
• Ethics channel available for reporting irregularities
• Comisión del Código de Conducta oversees implementation
• Annual due diligence processes on human rights (referenced in GOV-4)
• Annual training provided to directors (executive and non-executive) on risk management matters

PEOPLE Strategy

Scope: Global company strategy applicable to all own workforce.

Governance: Developed and supervised by the Human Resources Department (Dirección de Recursos Humanos).

Key content / principles:

• Places people at the center of the company
• Investment in employee development through fundamental pillars:
  • Recognition of merit
  • Promotion of diversity
  • Transformative work environment
  • Fostering leadership
• Objectives clearly defined and comparable to economic and environmental objectives
• Continuous analysis of how professional development integrates into the business model

Monitoring implementation:

• Annual performance evaluation process (16,316 evaluations conducted in 2024)
• Engagement & Sustainability Global Barometer to incorporate employee needs, expectations, and opinions into strategy
• Progress monitored through various metrics detailed in S1-4 and S1-5

Additional policy frameworks referenced:

The company references additional policies in the S1-1 section, stating that "ACCIONA cuenta con políticas que son de aplicación en toda la Organización" and that these policies relate to work dignity (trabajo digno), are based on Code of Conduct principles, and include:

• Processes for collaborating with own workforce and worker representatives (detailed in S1-2 and S1-3)
• Annual due diligence processes on human rights (detailed in GOV-4)
• Risk management processes supervised by the Audit and Sustainability Committee

The excerpts indicate that detailed policies exist but do not provide the complete list of named policies in the S1-1 section, as the text states "Se presenta a continuación un resumen de las mismas" (A summary is presented below) but only the Code of Conduct is fully detailed in the provided excerpts.

Taking action on material impacts on own workforce

Acciona implements actions through its PEOPLE strategy, structured around four pillars: Merit and Recognition, Diversity, Transformative Work Environment, and Leadership and Access to Rights.

Merit and Recognition

Performance evaluation process: Annual evaluations uniform across the company measuring performance and potential, promoting meritocracy and professional development. The model includes recurring dialogues on wellbeing, aspirations, goals, development plans and international mobility.

Development and Talent Promotion Programs:

• Programa de Técnicos II (Technicians Program II)

  • Scope: Global, own operations, all organizational levels
  • Partners: ESADE business school
  • Description: Develops key skills expected at first organizational levels through personalized itinerary covering six defined competencies
  • 2024 Edition: IV Edition with 88 professionals from 15 different countries
  • Coverage: 100% of technicians identified with highest performance and potential
  • Resources: Investment in training (available in entity-specific section, not quantified in excerpt)

• Programa de Aceleración de Carreras (Career Acceleration Program)

  • Objective: Promote career development (description incomplete in excerpt)

Diversity

Actions described under diversity pillar but specific programs not detailed in S1-4 excerpt

Transformative Work Environment

Actions described under transformative work environment pillar but specific programs not detailed in S1-4 excerpt

Leadership and Access to Rights

Actions described under leadership pillar but specific programs not detailed in S1-4 excerpt

Health and Safety

Additional measures implemented during 2024 on workplace safety affecting both own workers and subcontractors (reference made but specific measures detailed in separate section not included in excerpt).

Note: The excerpt references that specific health and safety measures "can be consulted in section S1-4" but the detailed measures are not included in the provided text. The excerpt also notes that investment in training is "available in the entity-specific section of this chapter" but quantified amounts are not provided in the S1-4 disclosure itself.

Targets related to own workforce

Merit and Recognition

Performance evaluation

• What is targeted: Number of performance evaluations conducted
• Progress in 2024: 16,316 performance evaluations carried out
• Progress in 2024: 1,552 employees increased their functional level (role) in the company
• Target value: Not quantified
• Target year: Not disclosed
• Baseline year/value: Not disclosed
• Scope: Own workforce (employees)

Development and promotion of talent

• What is targeted: Access to competency development programs
• Target value: 100% of identified collective
• Target year: Annual (ongoing)
• Achievement in 2024: Target met (100% achieved)
• Baseline year/value: Not disclosed
• Scope: Own workforce (identified talent collective)
• Type: Absolute

Salary compensation

• What is targeted: Employee retention and motivation through strategic objectives
• Progress in 2024: Salary review for 29,987 employees (both white and blue collar)
• Progress in 2024: Average ACCIONA bonus achievement at 94% globally
• Target value: Not quantified
• Target year: Annual
• Baseline year/value: Not disclosed
• Scope: Own workforce (>300 variable compensation plans assigned)
• Note: Bonus determined based on financial and non-financial metrics per business, country, and variable compensation plan

Diversity and equal opportunities

• What is targeted: Equity and inclusion initiatives
• Target value: Not quantified
• Target year: Not disclosed
• Baseline year/value: Not disclosed
• Scope: Own workforce
• Note: Company aims to be a reference in diversity and inclusion matters

Characteristics of the undertaking's employees

Employee headcount by gender (FTE)

FTE calculation: (Σ days worked by employee in period x (% working day) / Days in period)

Employee headcount by country (countries with >50 employees)

Employee headcount by contract type and gender (2024)

Methodology note: The calculation is based on the financial consolidation perimeter. Data sources: Workday (HCM) for Acciona and audited reports for Nordex workforce.

The average consolidated workforce in December 2024 is 66,021 people, representing an increase of 8,178 FTEs (+14.14%) compared to December 2023. Of this increase, 3,004 FTEs (+36.73%) correspond to the consolidation effect of Nordex.

Employee headcount by employment type (2023-2024)

Employee headcount by age group (2024)

Employee turnover

HC: number of employees who left the company voluntarily in the period. The calculation includes the aggregated number of employees who leave employment voluntarily or due to dismissal, retirement or death in service in 2024 divided by the reported average workforce.

Additional workforce breakdowns (2023-2024)

By professional category:

By age and contract type (2024):

By professional category and contract type (2024):

New hires by gender (2023-2024)

Characteristics of non-employees in the undertaking's own workforce

Total non-employee workers

Methodology

This number refers to the absolute number of persons who, as of December 31, 2024, worked for companies contractually linked with ACCIONA at its work centers.

Year-on-year variation

The variation compared to the previous year is due to the inclusion of data reported by Nordex. Additionally, at ACCIONA, the increase in this group is concentrated mainly in the Technology area.

Collective bargaining coverage and social dialogue

Overall coverage

The total percentage of employees covered by collective bargaining agreements in 2024 was 84%.

In the European Economic Area, the company had a total of 316 collective bargaining agreements (368 worldwide).

Coverage by country/region

Collective bargaining coverage and social dialogue by country or region:

Collective agreements practices

Collective agreements and/or conditions agreements are signed in all works and projects, except in those countries where union affiliation or union representation is not a normalized practice or is considered illegal. In these situations, control mechanisms for agreed conditions have been established, applying to both the company and its suppliers, as internal regulations and external audit systems and verification of compliance with labor obligations agreed in hiring and compliance with obligations derived from decent work principles including, among others, accommodation conditions, non-retention of personal documents or passports, elimination of wage fines, and freedom to terminate employment at the worker's decision.

Additionally, there is an agreement for representation by a European Works Council in the Nordex business.

Diversity metrics

Gender split at top management level (2024)

Management and director positions (FTE)

Age band distribution (2024)

Number of employees by age group (FTE)

Additional workforce diversity information

Employees with disabilities (2024)

Reported separately under S1-12 (number of persons disclosed but exact figure not included in S1-9 excerpt).

Turnover by gender and age (2023-2024)

Adequate wages

ACCIONA guarantees access to an adequate wage that meets the needs of its employees and their families, taking into account the economic and social conditions of the countries in which it operates.

Benchmark Used

European Economic Area:

• Directive (EU) 2022/2041
• National legislation or collective bargaining
• Minimum based on comparative salary criteria

Outside European Economic Area:

• National regulations
• Collective agreements
• Similar salary references to ensure fair remuneration

The company ensures compliance with at minimum the minimum wages established by law and the collective bargaining agreements of workers determined by each state, taking into account purchasing power and the evolution of national productivity, as well as the amounts, distribution and growth of wages.

Methodology

For employees with agreed salaries, remuneration is determined by:

• Considering market data and practice of the country
• Using the tables of different applicable collective agreements as a baseline
• Conducting recurring external competitiveness analyses to define remuneration references for each country
• Using market data from other companies with presence in the corresponding country
• Data acquired from providers with international experience in remuneration matters
• In all cases, respecting the minimum remuneration established in each country by law or by collective agreements

Coverage

All salaried employees of the company receive adequate wages in accordance with applicable reference indices ("Todos los asalariados de la compañía perciben un salario adecuado de conformidad con los índices de referencia aplicables").

Geographic Scope

Global - covering all countries where ACCIONA operates, with specific benchmarks for:

• European Economic Area (EU Directive 2022/2041)
• Rest of world (national regulations and collective agreements)

Social protection

ACCIONA seeks to guarantee that all employees have solid social protection that supports them in the face of significant life events such as illness, unemployment, work accidents, acquired disability, parental leave and retirement. This coverage is provided through public programs and benefits granted by the company.

No quantitative metrics disclosed for S1-11.

Persons with disabilities

2024 Metrics

Multi-year comparison and additional detail

El número medio de personas empleadas con discapacidad mayor o igual al 33%, ha ascendido a 1.335 trabajadores equivalentes (empleo directo y empleo indirecto) frente a 1.011 en 2023. El porcentaje de cumplimiento del Real Decreto Legislativo 1/2013, de 29 de noviembre, ha sido de un 4,58% (4,64% en 2023). El 3,92 % (1.131,87 personas asalariadas) correspondió a empleo directo y el resto procede de la contribución a través de compras a Centros Especiales de Empleo y donaciones a entidades del tercer sector que impulsan la inclusión laboral de las personas con discapacidad. Del total de personas con discapacidad que forman parte de la compañía, el 43% son mujeres.

Methodology and scope

Estos datos han sido calculados siguiendo la normativa de aplicación en los distintos países en los que opera la empresa, con sujeción a la legislación en la recogida de datos.

Training and skills development metrics

Performance and career development reviews

*Percentage over the universe of evaluable employees

The number of performance evaluations reported coincides with the number of reviews agreed by management, with the exception of those employees who may have been terminated during the year.

Average training hours per employee

Health and safety metrics

Coverage of health and safety management system

100% of employees are covered by the company's health and safety management system based on legal requirements or recognized standards or guidelines. Coverage for non-employees is not disclosed (ND).

Health and safety metrics (2024)

Notes:

• Work-related injury rate: (number of recordable accidents/hours worked) × 1,000,000. Does not include commuting accidents.
• Frequency index: (number of accidents with lost worktime/hours worked) × 200,000. Does not include commuting accidents.
• Severity index: (number of days lost due to work accidents/hours worked) × 200,000.

Work-life balance metrics

Entitlement and utilization of family-related leave

Acciona reports that practically all salaried employees have the right to family-related leave according to the policies and collective bargaining agreements in force in each location.

These measures are complemented by existing measures such as Home Office, flexibility in entry and exit times, continuous working days and part-time work options, as well as canteen services, medical centers, nursing rooms, daycare assistance, physiotherapy and sports clubs at the headquarters. In countries such as Australia, Canada, the USA and South Africa, there are measures for flexible working hours for maternity/paternity and childcare that exceed legal minimums.

Employees entitled to and taking maternity/paternity leave

Note: The table presents detailed information on employees in Spain who have the right to paid reconciliation leave.

Retention ratio methodology: The ratio includes the number of people who remain in their position as of December 31, 2024 after having taken paternity/maternity leave in 2024, among the number of paternity/maternity leaves that occurred in that year.

Compensation metrics

Pay gap

ACCIONA excluding Nordex

In 2024, ACCIONA (excluding Nordex) reported a global gender pay gap of 2.51%, representing a variation of -0.23 percentage points (2.74% in 2023).

*The scope of this metric is limited to ACCIONA excluding Nordex as they do not have a comparable methodology at this time.

Methodology notes: Gender equity analyses are based on international best practices on a global and weighted basis. According to the definition of "pay equity", all variables that may explain a person's salary beyond gender are isolated from the analysis. Variables considered include country, business, company, professional classification, and applicable collective agreement. A level mapping is used to group business and support roles. For the managerial level, a breakdown has been carried out according to reporting level (D1, D2, D3, D4 and D5).

The formula used for equity calculation per segment is:

Pay equity per segment = (average fixed salary of men - average fixed salary of women) / average fixed salary of men

For the global gap calculation, this indicator is weighted according to the weight of each group (comparison cluster).

Important note: The data presented follows definitions aligned with Law 11/2018 and are therefore comparable with previous years, but this is not aligned with the definition of the indicator according to the CSRD directive. This is because ACCIONA ex-Nordex does not have data on average gross hourly pay level by gender at the time of preparation of this report.

Nordex

The Nordex Group has conducted a gender pay gap analysis, defining it as the difference in average salaries between female and male employees, relative to the average salary of male employees.

When comparing the remuneration of men and women without taking into account categories, seniority or types of employment, the analysis reveals that women receive average gross hourly salaries 9.26% higher than men. This is because the Nordex Group has a comparatively small proportion of female employees, who predominate in the higher salary groups.

All remuneration data were recalculated in euros and adjusted to a 100% full-time equivalent basis.

(Gross hourly pay level of male employees - gross hourly pay level of female employees) / Gross hourly pay level of male employees = -9.26%

When broken down by professional category:

Remuneration ratio

ACCIONA excluding Nordex

Not disclosed.

Nordex

The ratio between the annual total remuneration of the highest-paid person and the median remuneration of employees at Nordex in 2024 was 36.97.

The detailed calculation of this indicator is reflected in the Gender pay gap section of the Annual Integrated Report 2024 of Nordex SE.

Incidents, complaints and severe human rights impacts

Discrimination and harassment cases

Severe human rights incidents

*For example, forced labour, human trafficking or child labour. Includes cases of lawsuits, formal complaints through the company or third-party reporting mechanisms, serious accusations in public reports or in the media, when these are related to the company's own workforce, and the fact that incidents are not contested by the company, as well as any other serious incident of which the company is aware.

Policies related to value chain workers

Acciona addresses value chain workers through the extension of its internal policies to third parties. The company explicitly states that "the policies of the company to manage its material impacts, risks and opportunities related to value chain workers coincide with those already exposed in relation to own workers and can be consulted in greater detail in chapter S1." The scope of application to value chain workers is specified in each policy:

Código de Conducta (Code of Conduct)

Scope:

• "ACCIONA will promote the adoption of principles and values similar to those of this Code among its third parties. ACCIONA understands that the application of the principle of due control in matters of ethics and compliance implies the obligation to verify that its third parties have ethics and compliance models, and to mitigate the associated risks in its relationships with third parties."

Canal Ético (Ethics Channel)

Scope:

• "Available so that any person can communicate infractions (or risks of infractions) of applicable legal regulations or the Code of Conduct produced within the framework of ACCIONA's activities."

Política de Recursos Humanos y Prevención de Riesgos Laborales (Human Resources and Occupational Health and Safety Policy)

Scope:

• "Occupational risk prevention constitutes for ACCIONA a differentiating element and an indispensable requirement to guarantee the safety and health of employees and collaborators."
• "ACCIONA promotes and disseminates its Prevention Management System in its own activities, as well as in those of collaborating companies, in order to achieve the technical objective of zero accidents. Likewise, ACCIONA provides its employees and collaborating companies with the necessary training, qualification and material resources on occupational risk prevention."

Política de Diversidad, Equidad e Inclusión (Diversity, Equity and Inclusion Policy)

Scope:

• "This policy applies to ACCIONA's business activity, as well as to all its business relationships, promoting that its business partners, including its suppliers, contractors, customers and partners apply these principles of diversity and inclusion."

Política de Derechos Humanos (Human Rights Policy)

Scope:

• "ACCIONA supports, respects and contributes to the protection of internationally recognized fundamental human rights, with the objective of not being complicit in any form of abuse or violation thereof, among workers, suppliers, contractors, collaborators, partners, competitors, customers, local communities and society in general."

International standards reference:

• Supports internationally recognized fundamental human rights.

Política de Relación con Grupos de Interés (Stakeholder Engagement Policy)

Scope:

• "Among the main stakeholders of the company are employees, customers, local communities, partners, suppliers and subcontractors, public administrations and regulatory entities, investors and analysts and media."

Principios Éticos de Proveedores, Contratistas y Colaboradores de ACCIONA (Ethical Principles for Suppliers, Contractors and Collaborators of ACCIONA)

Key content: These principles are included as a mandatory compliance clause in all purchase orders, contracts and tender bases and are based on the following pillars:

1. Transparency and ethics: ACCIONA promotes honesty, transparency and trust in all its business relationships. Suppliers, contractors and collaborators are expected to adhere to these values and act with integrity in all their activities.

2. Human and social rights: The company is committed to respecting and promoting human and social rights. This includes the implementation of policies that ensure fair and safe working conditions, as well as non-discrimination and equal opportunities.

Scope:

• All suppliers, contractors and collaborators.
• Included in all purchase orders, contracts and tender bases.

Approval and oversight:

• The policies are approved by the Board of Directors and overseen by the Audit and Sustainability Committee (as indicated for the Sustainability Master Plan that frames these policies).

Public availability:

• The specific policies are referenced as being detailed in chapter S1 of the sustainability report.

Monitoring:

• The company conducts regular audits of suppliers to verify compliance with these standards and requires its first-tier suppliers to do the same.
• ACCIONA offers training to its suppliers on human rights and international labor standards.
• The company has confidential reporting mechanisms for value chain workers to report any violations of human rights or labor standards.
• In case of non-compliance, ACCIONA collaborates with its suppliers to implement action plans to remedy the situation and prevent recurrence.

Taking action on material impacts on value chain workers

Actions for upstream value chain workers (suppliers and subcontractors)

ACCIONA carries out various actions to reduce negative impacts, enhance positive ones, mitigate risks and leverage material opportunities related to the rights of workers in suppliers and subcontractors:

SCRM - Supply Chain Risk and Opportunity Management System

Scope: Upstream value chain (suppliers and subcontractors)

Description: In 2024, ACCIONA continued evolving the social evaluation and minimum accreditation procedure towards a more robust model in the sustainable dimension, with special compliance with social safeguards for the protection of people's rights for suppliers. The company evolved and strengthened the SCRM model - the Supply Chain Risk and Opportunity Management System implemented in 2023.

Actions taken in 2024:

• Continued focus on the Social dimension of the Risk Management model, updating the risk matrix and expanding the scope of supplier audits
• New focus on the Good Governance dimension of the ESG Risk Management model, establishing Action and Improvement Plans for all suppliers with High Risk or non-compliance detected through ESG monitoring alerts
• Implementation of a tool to monitor 100% of suppliers registered in PROCUR-e for International Sanctions

Link to strategy: Integrates a due diligence strategy on human rights in management systems, including: incorporation of conduct principles and ethical guidelines for suppliers in a policy, detection of actual or potential adverse effects, prevention and mitigation of potential adverse effects, and elimination of actual adverse effects.

RESPONSIBLE SELF-DECLARATION

Scope: Upstream value chain (all suppliers)

Description: Through the PROCUR-e portal and tender tool, as well as in general contracting clauses, all suppliers must accept and commit to comply with the Ethical Principles for Suppliers, Contractors and Collaborators.

Standard on the welfare of migrant workers

Scope: Upstream value chain (suppliers using migrant workers)

Time horizon: Established since 2015

Description: ACCIONA has had a migrant worker welfare standard since 2015, which establishes minimum compliance requirements from identification of hiring needs to termination of contractual relationship with migrant workers, including their accommodation conditions.

The responsible self-declaration and general contracting clauses include a specific clause on acceptance and commitment to comply with the standard, which are verified through on-site audits. In 2024, verification of these standards continued for all suppliers [text cuts off].

Link to policy: Incorporated in self-declaration and general contracting clauses with suppliers.

Targets related to value chain workers

Acciona has established several targets related to value chain workers (upstream suppliers and subcontractors), monitored from the Purchasing and Occupational Risk Prevention Departments, framed within the Sustainability Master Plan approved by the Board of Directors and supervised by the Audit and Sustainability Committee:

Rights of value chain workers upstream (suppliers and subcontractors)

Target 1: Zero purchases from NoGo suppliers

• Metric: Purchases from suppliers classified as NoGo after supply chain risk analysis process
• Target value: 0 purchases
• Target year: Annual objective (renewed yearly)
• Baseline: Not disclosed
• Scope: Value chain upstream (suppliers)
• Type: Absolute
• Validation: Internal (aligned with Acciona's Social Safeguards policies)
• Progress 2024: Target achieved in 2024 (as in previous years)

Target 2: MACS supplier audits

• Metric: Percentage of MACS (Mandatory to be Audited Critical Suppliers) in own construction projects that must be audited
• Target value: 90%
• Target year: Ongoing annual target
• Baseline: Not disclosed
• Scope: Value chain upstream - suppliers with high social risk (by country and industry combination) requiring Enhanced Due Diligence
• Type: Absolute percentage
• Validation: Internal
• Progress: Not disclosed for 2024

Target 3: Risk mapping and improvement plans

• Metric: Percentage of suppliers with visibility of their Risk Map and development of Improvement Plan catalogue
• Target value: 95%
• Target year: Ongoing annual target
• Baseline: Not disclosed
• Scope: Value chain upstream - suppliers with high risk or detected non-compliances
• Type: Absolute percentage
• Validation: Internal
• Progress: Not disclosed for 2024

Health and safety of value chain workers upstream (subcontractors)

Target 4: Zero workplace accidents

• Metric: Workplace accidents; frequency index of accidents
• Target value: 0 accidents (aspirational ideal)
• Target year: Ongoing
• Baseline: Not explicitly disclosed
• Scope: Value chain upstream (external workers/subcontractors)
• Type: Absolute
• Validation: Internal
• Progress 2024:
  • Frequency index: 0.79 (vs 0.87 in 2023)
  • Fatal accidents: 3 (vs 2 in 2023)

Policies related to affected communities

Acciona's normative system establishes principles and clear guidelines to ensure that its activities respect the rights and needs of all affected communities. These principles are contained in the Book of Policies, approved by the Audit and Sustainability Commission (CAS), the highest level responsible for its application.

Política de Derechos Humanos

Alignment with international standards:

• International Bill of Human Rights
• UN Guiding Principles on Business and Human Rights
• OECD Guidelines for Multinational Enterprises
• ILO Declaration
• Contributes to the Sustainable Development Goals (SDGs)

Scope:

• Protection of human rights across all stakeholder groups, including local communities affected by the company's activities
• Specific focus on indigenous communities and other vulnerable groups

Key content and principles:

• The company ensures the protection of human rights for all stakeholder groups, including local communities affected by its activity
• Establishes legitimate and effective mechanisms to remedy adverse impacts that it may cause or contribute to, guaranteeing protection of local community rights and fostering relationships based on respect and collaboration
• In line with its commitment to all communities, especially indigenous communities and other vulnerable groups, Acciona guarantees processes of prior, free and informed consultation (FPIC) in projects that may affect them, in accordance with ILO Convention 169
• These consultations are adapted to the cultural and territorial context, respecting their rights and needs, and are designed in collaboration with legitimate representatives and local organizations
• A combination of digital media, physical channels, direct communication methods and mass dissemination tools is used to ensure inclusive and adapted access for each community
• Specific measures are established to protect their culture, lands and resources, as well as to prevent and adequately remedy any adverse impact

Governance:

• Approved by the Audit and Sustainability Commission (CAS)

Public availability:

• More information available at: Política de Derechos Humanos (link referenced in document)

Política de Relación con los Grupos de Interés

Scope:

• Local communities in geographical areas where the company operates

Key content and principles:

• Acciona seeks to bring value to local communities in the geographical areas where it operates through the development of business models that contribute to their sustainable development
• Commits to preventing and mitigating economic, social and environmental risks that could affect them through its activities
• The company maintains regular and fluid dialogue with these stakeholder groups, collecting and responding to their needs and expectations and incorporating the most relevant ones into its business strategy
• Makes available appropriate and accessible channels to collect their suggestions, needs, expectations, opinions and complaints, as well as to facilitate the flow of transparent, truthful and rigorous information on compliance with commitments and business management results
• The company commits to establishing responsibilities and dedicating necessary resources to meet these needs and expectations, implementing monitoring and continuous improvement mechanisms to evaluate stakeholder satisfaction and incorporate necessary improvements

Governance:

• Approved by the Audit and Sustainability Commission (CAS)

Public availability:

• More information available at: Política de Relación con Grupos de Interés (link referenced in document)

Política sobre el Funcionamiento del Canal Ético

This policy is mentioned as part of the Book of Policies approved by the Audit and Sustainability Commission (CAS), but specific content related to affected communities is not detailed in the excerpts.

Norma Corporativa de Gestión del Impacto Social de Proyectos

Although referenced as the corporate standard containing Acciona's Social Impact Management (GIS) methodology, this is described as a corporate norm rather than a policy. It applies to all communities located in the area of influence of projects, operations and services defined within its scope, ensuring a systematic and standardized approach to managing social impacts in any geographical context where the company operates. The methodology is aligned with the most demanding international standards and has been applied in 33 countries across 6 continents.

Taking action on material impacts on affected communities

Social Impact Management (GIS) Methodology

ACCIONA has developed a proprietary Social Impact Management (GIS) methodology aligned with international standards, set out in the Corporate Standard for Social Impact Management of Projects. This methodology applies to all communities located in the area of influence of projects, operations and services defined within its scope.

Scope: Applied in 33 countries across 6 continents in 2024 (same as previous year), covering own operations across Africa, Asia, Europe, Americas, and Oceania.

Resources allocated (2024):

• Financial: €18,527,094 total investment to strengthen communities within project areas of influence
• Non-financial: Not specified in detail

Expected outcomes / beneficiaries (2024): 1,880,153 people benefited from implemented solutions worldwide

Future resource allocation approach: Resources are not structured through a detailed spending plan per action, but channeled flexibly through initiatives based on identified needs and collaboration opportunities with communities.

Impact prioritization and mitigation measures

The GIS methodology evaluates impacts based on duration, severity, scope and probability. Following assessment and participatory processes with affected communities, priority mitigation measures are defined for high-level social impacts, ensuring effective implementation through systematic processes including early risk identification, response design and continuous monitoring.

Types of impacts addressed:

• Distribution of initiatives by area (2024):
  • Employment generation (training, local business development, community infrastructure, basic services): 45.7%
  • Environment and biodiversity protection: 21.8%
  • Local wellbeing: 15.8%
  • Access to education: 7.5%
  • Cultural heritage conservation: 4.7%
  • Healthy lifestyles: 4.3%

Three complementary social investment approaches

ACCIONA's social investment responds to three complementary approaches that put people at the center:

1. Specific contributions (6.1%): Designed to respond to specific social needs (no further detail provided in excerpts)
2. [Other two approaches not detailed in provided excerpts]

Link to policy: All actions are integrated within the Corporate Standard for Social Impact Management of Projects and align with the company's sustainable business model and strategy.

Measurement: ACCIONA measures and evaluates its community investment and contribution to the 17 SDGs.

Geographic coverage

Countries where GIS methodology is applied include:

• Africa: Egypt (Water), Kenya (Construction), Morocco (Construction), South Africa (Renewable Generation)
• Asia: Saudi Arabia (Water, Services), UAE (Water), Philippines (Water, Construction)
• [Additional countries listed but not fully detailed in excerpts]

Targets related to affected communities

ACCIONA establece objetivos claros y metas específicas, orientados a generar un impacto positivo y duradero en las comunidades donde opera. Estas metas están diseñadas para abordar impactos negativos, potenciar beneficios positivos y gestionar riesgos y oportunidades materiales.

Target 1: Integration of social criteria in projects

Target metric: Number of projects with social criteria integrated

Progress to date:

• 2021: 204 projects
• 2022: 253 projects
• 2023: 272 projects
• 2024: 303 projects

Scope: Projects, operations and services within the scope of the Corporate Social Impact Management Standard (33 countries across 6 continents)

Type: Absolute number of projects

Target 2: Volunteer hours (Plan Director de Sostenibilidad 2021-2025)

Target metric: Hours dedicated to volunteer activities

Target value: 100,000 hours

Target year: 2025

Baseline year: 2021

Progress to date: 87,974 hours accumulated in period 2021-2024, representing 88% completion of target as of end-2024

Scope: Employee volunteer activities in communities

Type: Absolute hours

Supporting mechanism: Creation of Volunteer Office in 2024 to coordinate and manage ACCIONA's Volunteer Programme

Policies related to consumers and end-users

Acciona's Book of Policies (Libro de Políticas corporativo) commits the company to reducing risks, fostering opportunities, and reducing impacts linked to its activities for all stakeholders, including clients and end-users. Customer and user satisfaction is stated as a priority objective.

All policies in the Book of Policies are:

• Formulated by: Senior management of the corresponding area
• Approved by: Comisión de Auditoría y Sostenibilidad (CAS), a delegated commission of the Board of Directors
• Oversight: The CAS supervises compliance with policies on environmental, social and corporate governance matters
• Public availability: Published on the company's corporate website and available in the main languages of countries where Acciona operates
• Scope: All businesses and countries where Acciona operates

The following specific policies manage material topics for consumers and end-users (privacy, security and health, transparency, accessibility and inclusion, and promotion of local economy):

Política de Calidad (Quality Policy)

The Quality Policy includes principles to ensure the safety and health of customers and users, ensuring products and services meet the highest quality and safety standards.

Key principles:

• Liderazgo (Leadership): Senior management assumes leadership and commitment in quality management throughout the Organization
• Alineación estratégica (Strategic alignment): Quality objectives are aligned with the Quality Policy, reflecting the company's long-term vision and strategy
• Gestión de riesgos y oportunidades (Risk and opportunity management): Acciona identifies and manages risks and opportunities associated with its processes, fostering a proactive response to ensure compliance with quality standards
• Satisfacción del cliente y otras partes interesadas (Customer and stakeholder satisfaction): The Organization focuses on satisfying the needs and expectations of customers and other stakeholder groups, prioritizing value generation at each stage of the service chain
• Máxima calidad y eficiencia de los productos y servicios (Maximum quality and efficiency of products and services): Acciona establishes high quality standards in its processes and operations, promoting continuous improvement through innovation

Implementation:

• The company commits to generating value for stakeholders through excellence management in its processes, ensuring responsibility for verifying compliance with applicable requirements
• Operates under criteria seeking sustainability in operations through best practices and development of a continuous improvement culture
• Promotes integration of an efficient management system in products and services across all areas and regions where it operates

Certifications:

• ISO 9001 certification in all customer-facing activities
• ISO 22301 in Bestinver business, focused on business continuity
• ISO 39001 (Road safety in infrastructure maintenance)
• ISO 22000 (Food safety in Facility Services)
• ISO 179002 (Quality in health transport)

Monitoring:

• Annually, senior management receives reports on performance and results of quality management systems
• These are also presented to the Comisión de Auditoría y Sostenibilidad (CAS) for supervision of internal controls
• The company collaborates with clients through annual analysis of needs and expectations, which serve as the basis for defining strategic objectives
• Quality and satisfaction indicators are audited by independent third parties

Política de Derechos Humanos (Human Rights Policy)

Mentioned as aligning with business strategies for clients and end-users, together with the Quality Policy.

Política de relación con grupos de interés (Stakeholder Relations Policy)

Purpose: To foster a culture of continuous dialogue and sustained long-term commitment with stakeholder groups, ensuring their participation in the Organization's decision-making process.

Scope: Main stakeholder groups include direct personnel, value chain participants, union representatives, clients and users, local communities, partners, suppliers, contractors, subcontractors, public administrations and regulatory entities, investors and analysts, media, associations and civil society organizations, and the natural environment.

Link to Plan Director de Sostenibilidad 2021-2025 (PDS 2025): All client and end-user strategies align with the Sustainability Master Plan 2021-2025, particularly objectives related to "Exponential Leadership" and the "Authenticity" lever, which promotes shared values across all work centers.

Taking action on material impacts on consumers

Acciona has adopted a comprehensive approach based on the Deming Cycle (PDCA) to manage impacts, risks and opportunities related to its customers and end consumers within its ISO 9001, ISO 22000 and ISO 179002 certified systems. This framework enables effective planning, implementation and review of corrective measures to address these issues.

Overall Management Framework

Approach: Integrated risk management framework to ensure sustainability, safety and regulatory compliance across all business lines. The company focuses efforts on risk mitigation and promotion of specific opportunities for each customer and user group.

Resources:

• Specialized resources within the Quality area
• Participation of other key departments depending on the nature of the impact to be managed
• Teams work on continuous process improvement, application of innovative methodologies and use of advanced tools to identify, mitigate and manage impacts efficiently

Time horizon: Long-term sustainable and responsible management

Expected outcomes:

• During 2024, this approach resulted in specific actions that improved the quality of services and products offered
• Constant analysis of results obtained, comparing them with established standards, to guarantee consumer satisfaction
• Zero serious human rights issues related to customers or end users recorded in 2024

Sector-Specific Risk Mitigation Measures

Construction:

• Risk and opportunity management model based on six main typologies to anticipate consequences and establish preventive measures

Engineering:

• Incorporation of Safety by Design principles, ensuring safe infrastructure both in construction and operation

Mobility:

• Implementation of privacy and information security measures (referenced but not detailed in excerpt)

Strategic Alignment

Linkage to policies:

• Sustainability Master Plan 2021-2025 (PDS 2025)
• Quality Policy
• Human Rights Policy
• Stakeholder Engagement Policy

Linkage to certifications:

• ISO 9001 (quality management)
• ISO 39001 (road safety in infrastructure maintenance)
• ISO 22000 (food safety in Facility Services)
• ISO 179002 (quality in health transport)

Annual Planning and Continuous Improvement

Process:

• Annual collaboration with clients through analysis of needs and expectations
• Conclusions serve as basis for defining strategic objectives aligned with PDS 2025, particularly those related to "Exponential Leadership" chapter
• Through "Authenticity" lever, Acciona promotes shared values across all work centers
• Annual plans include quality and satisfaction indicators audited by independent third parties
• Senior management receives annual reports on performance and results of quality management systems
• Reports also presented to Audit and Sustainability Committee (CAS) for internal control oversight

Scope: Strategies developed for each business line, adapted to customer and end user needs, spanning own operations and value chain

Expected outcomes:

• Development of novel products and services
• Expansion into emerging markets
• Strengthening relationships with new clients, always adapting to their needs
• Innovation and sustainability promotion
• Strengthening Acciona's capabilities to anticipate and respond to environmental changes

Targets related to consumers

Acciona discloses its approach to targets related to consumers and end-users under ESRS S4-5, but does not provide specific quantified targets with baseline and target years.

Quality and Satisfaction Objective

Target metric: Quality and satisfaction level among clients

Target value: 100%

Target year: Not disclosed (annual objectives)

Baseline year: Not disclosed

Baseline value: Not disclosed

Scope: Own operations across business lines (Ingeniería, Mobility, Inmobiliaria, ASUMA)

Type: Absolute target

Validation: Internal - aligned with ISO 9001 management system

Progress: Not disclosed in quantified terms

Annual Business-Specific Objectives

The company states that business units annually deploy a package of objectives within their management systems framework (ISO 9001) focused on:

• Fighting material negative impacts from possible non-compliance or negative customer satisfaction results
• Promoting positive impacts through improvement actions detected in quality system monitoring
• Managing risks and promoting opportunities

These objectives are defined annually under the Strategic Sustainability Plan (PDS) 2021-2025, specifically under the "Exponential Leadership" chapter, "Authenticity" lever.

Specific examples mentioned:

• Inmobiliaria: Contract specialized post-sale management companies for all developments to minimize housing problems before delivery. Progress: measured through satisfaction surveys
• ASUMA: Extend control and contracting of solid urban waste collection and street cleaning services at delegation level. Progress: 50% achievement reported
• Mobility: Reduce number of contacts to improve service delivery and ensure user satisfaction
• Ingeniería: Create project categories for better control in review and approval stages, integrate environmental and safety criteria

However, specific quantified targets, baseline values, and target years are not disclosed for these business-specific objectives.

Business conduct policies and corporate culture

Acciona discloses policies on business conduct and corporate culture under ESRS G1-1. The company's approach is founded on several policy documents and frameworks that establish ethical standards and compliance requirements across the organization.

Código de Conducta (Code of Conduct)

Policy name: Código de Conducta

Scope: The Code of Conduct is mandatory for all members of the Organization, regardless of hierarchical level and geographic location. It applies to all companies in which ACCIONA, S.A. holds a stake and has management control, as well as to entities and organizations linked by a relationship of control or whose management is the responsibility of ACCIONA, S.A., in any jurisdiction. The company also promotes the adoption of similar principles and values in companies in which it participates without holding control.

Governance and approval: The Code of Conduct was last updated and approved by the Board of Directors (Consejo de Administración) on 14 November 2024. The Board is responsible for: (i) ensuring the existence of a Crime Prevention and Anti-Corruption Model; (ii) establishing values and conduct guidelines; (iii) approving and reviewing the Code of Conduct and Group policies on ethics and integrity; and (iv) evaluating and implementing measures proposed by the Audit and Sustainability Committee to strengthen the prevention model. The governance and management bodies of ACCIONA are responsible for applying the Code of Conduct.

Key content and principles: The Code establishes the principles, values and commitments that must guide the behavior of all Group companies and third parties with whom they relate. General objectives include:

• Consolidating ethical business conduct and compliance
• Guiding relationships between members of the Organization and with third parties, including shareholders, public and private institutions and society in general
• Promoting values such as honesty, leadership, excellence, environmental concern, social responsibility, long-term focus, financial soundness, customer orientation, innovation and care for people

Alignment with international standards: In line with the Code of Conduct, ACCIONA adopts as basic behavioral guidelines the Universal Declaration of Human Rights, the Declaration on Fundamental Principles and Rights at Work and the Conventions of the International Labour Organization (ILO), the OECD Guidelines for Multinational Enterprises and the United Nations Global Compact.

Public availability: The Code of Conduct is available on the company's intranet and website.

Monitoring and implementation: The update and monitoring process of the Code of Conduct includes consideration of stakeholder expectations on business conduct matters. ACCIONA has an Ethical Channel (Canal Ético) accessible for anyone to report possible irregularities, breaches or behaviors occurring within ACCIONA's activities that are contrary to the current legal framework, the Code of Conduct and/or the Group's ethical values reflected in its Policy Book. The company promotes awareness initiatives to ensure that all members of the Organization understand and apply the principles of the Code in their daily activities.

Libro de Políticas (Policy Book)

Policy name: Libro de Políticas

Scope: The Policy Book is mandatory for all members of the Organization and applies to all companies in which ACCIONA has management control.

Public availability: The Policy Book is available on the company's intranet and website.

Key content: The Policy Book develops and expands upon the Code of Conduct, containing policies on ethics and integrity matters.

Principios Éticos para proveedores, contratistas y colaboradores (Ethical Principles for suppliers, contractors and collaborators)

Policy name: Principios Éticos para proveedores, contratistas y colaboradores

Scope: Applies to suppliers, contractors and collaborators of ACCIONA.

Public availability: Available on the company's intranet and website.

Modelo de Prevención de Delitos y Anticorrupción (Crime Prevention and Anti-Corruption Model)

Policy name: Modelo de Prevención de Delitos y Anticorrupción (MPDyA)

Governance: The Board of Directors is responsible for ensuring the existence of this Model within the ACCIONA Group and establishing a culture based on the principle of "zero tolerance" towards the commission of illegal acts and fraud situations, and the application of ethics and responsible behavior principles for all Group professionals, regardless of hierarchical level and country where they work.

The Audit and Sustainability Committee (Comisión de Auditoría y Sostenibilidad) has assigned functions including: (i) approval and monitoring of the Annual Supervision Plan for the effectiveness and efficiency of the Model's operation; (ii) analyzing results of reports on the Model's operation and supervision; (iii) adopting decisions on recommendations and action plans; (iv) supervising the responsibilities of Internal Audit and the Compliance Department; (v) supervising compliance with the Code of Conduct and internal conduct policies; and (vi) supervising the activity of the Code of Conduct Committee.

Política de relación con grupos de interés (Stakeholder Engagement Policy)

Policy name: Política de relación con grupos de interés

Scope: This Policy is publicly available and applies to all companies in which ACCIONA has a majority stake, exercises control or is responsible for its management, regardless of geographic location, as well as to the directors and professionals of the Organization regardless of their position. In companies in which ACCIONA participates but does not have management responsibility, the Organization's representatives in governance and management bodies will promote the adoption of this Policy. ACCIONA promotes, to the extent it has influence, the adoption of the principles contained in this Policy by its suppliers, contractors, collaborators, customers, affected communities and other stakeholder groups.

Key content: The Policy aims to foster a culture of continuous dialogue and sustained long-term commitment with stakeholder groups, ensuring their participation in the Organization's decision-making process. Main stakeholder groups include direct personnel and those participating in the value chain, trade union representatives, customers and users, local communities, partners, suppliers, contractors, subcontractors, public administrations and regulatory entities, investors and analysts, media, associations and civil society organizations, as well as the natural environment itself.

Alignment with international standards: ACCIONA is a signatory to the commitments of the United Nations Global Compact, and its Stakeholder Engagement Policy is aligned with the foundations of ACCIONA's Code of Conduct and due diligence process reflected in corporate Policies, and the main international agreements and conventions, actively contributing to the achievement of the Sustainable Development Goals (SDGs).

Nordex Code of Conduct

Policy name: Código de Conducta para Empleados de Nordex (Nordex Code of Conduct for Employees)

Scope: Nordex SE and the group of companies it heads are governed by the principles of compliance, integrity and ethical behavior.

Public availability: Available on Nordex's intranet and website.

Other related frameworks

The company also references internal regulations governing due diligence, including:

• Norma Corporativa de compras (Corporate Purchasing Standard)
• Procedimiento Corporativo de Homologación y Evaluación de proveedores (Corporate Procedure for Supplier Approval and Evaluation)
• Norma Corporativa para la selección de Socios y Contratación de Consultores comerciales (Corporate Standard for Partner Selection and Hiring of Commercial Consultants)

Prevention and detection of corruption and bribery

Acciona has identified its highest corruption and bribery risks in relations with Public Administrations and participation in tender processes for infrastructure and renewable energy projects in various countries. The company analyzes corruption risks in each project according to the country and importance of the operation.

Acciona's corruption and bribery risk management is supported by a Crime Prevention and Anti-Corruption Model (MPDyA) certified under ISO 37001 and UNE 19601 standards for Anti-Bribery and Criminal Compliance Management Systems. The MPDyA aims to foster a culture of ethics and compliance, establishing conduct parameters and mechanisms to detect, prevent and, where appropriate, mitigate potential risks, including those of a criminal nature.

Política Anticorrupción (Anti-Corruption Policy)

Key content:

• Guarantee transparency and accountability in all operations
• Zero tolerance towards illicit activities
• Prevention and detection of corruption and bribery, particularly in relations with Public Administrations and tender processes

Scope: The policy applies to all employees and groups associated with Acciona (including intermediaries, advisors, consultants and suppliers) regardless of geographical location. It extends to all commercial and business relationships, including the supply chain.

Governance and oversight:

• Approved and reviewed by the Board of Directors
• Supervised by the Audit and Sustainability Committee
• Operationally deployed by the Compliance Department

Implementation:

• Complemented by Normas de Actuación en Anticorrupción (Anti-Corruption Rules of Conduct), which provide specific guidelines to avoid improper conduct
• Mandatory compliance for all employees and associated groups
• The Nordex SE subgroup has its own Crime Prevention and Bribery and Corruption Policy, approved by its Board of Directors and available internally and externally

Política para la Prevención de Delitos y Antisoborno (Policy for the Prevention of Crimes and Anti-Bribery)

Key content:

• Reinforces the Group's zero tolerance commitment to illicit activities
• Establishes permanent surveillance measures for prevention and detection
• Implements effective communication and awareness mechanisms for all employees
• Develops a corporate culture based on ethics and compliance with regulations

General objectives:

• Reiterate the Group's commitment to non-tolerance of illicit activities
• Establish measures for crime prevention and detection
• Maintain effective communication and awareness mechanisms for all members
• Develop a corporate culture based on ethics and compliance with regulations

Scope: Applies to all companies in which Acciona has a majority stake, exercises control or has management responsibility, regardless of geographical location.

Governance and oversight:

• Approved by the Board of Directors
• Supervised by the Audit and Sustainability Committee
• Content and application monitored by the Compliance Department as part of the MPDyA continuous improvement processes
• Internal Audit Department carries out supervision processes based on risks and associated controls

Public availability: Included in the publicly available Libro de Políticas (Policy Book)

Supporting corporate policies and standards

The MPDyA is structured on the basis of the Code of Conduct, the Policy Book and Corporate Standards that are cross-cutting throughout the Organization. In matters of ethics and integrity, the Organization has the following Corporate Standards with cross-cutting scope:

• Norma Corporativa del Modelo de Organización y Gestión para la Prevención de Delitos y Anticorrupción (MPDyA)
• Norma Corporativa de Prevención y Gestión de Conflictos de Interés (Prevention and Management of Conflicts of Interest)
• Norma Corporativa de Cumplimiento Antitrust (Antitrust Compliance)
• Norma Corporativa de Sanciones comerciales internacionales (International Trade Sanctions)
• Norma Corporativa de Relación con funcionarios y autoridades públicas (Relations with Public Officials and Authorities)
• Norma Corporativa de Donaciones y patrocinios (Donations and Sponsorships)
• Norma Corporativa de Ofrecimiento y recepción de regalos y atenciones en el sector privado (Offering and Receipt of Gifts and Hospitality in the Private Sector)

Related procurement and third-party policies:

• Norma Corporativa de Compras (Purchasing Corporate Standard)
• Procedimiento Corporativo de Homologación y Evaluación de Proveedores (Corporate Procedure for Supplier Approval and Evaluation)
• Norma Corporativa para la Selección de Socios y Contratación de Consultores Comerciales (Selection of Partners and Contracting of Commercial Consultants)

Risk management and continuous improvement

The MPDyA's risk management and continuous improvement process considers the specific context of each business and specifically includes processes for identifying, assessing and managing ethics and integrity risks in various key Acciona processes, including:

• Commercial opportunity and investment evaluation processes
• Evaluation and monitoring of third-party risk (including suppliers, partners and commercial consultants)

The MPDyA includes identification, self-assessment, audit and continuous review of controls implemented to mitigate compliance risks.

Monitoring and implementation

Governance bodies:

• Board of Directors: Ensures the existence of the MPDyA in the Acciona Group; establishes values and codes of conduct; promotes a preventive culture based on "zero tolerance" toward the commission of illicit acts and fraud; approves and reviews the Code of Conduct and Group policies on ethics and integrity; evaluates and implements measures proposed by the Audit and Sustainability Committee to reinforce the MPDyA

• Audit and Sustainability Committee: Approves and monitors the Annual Supervision Plan for the effectiveness and efficiency of the MPDyA; analyzes results of MPDyA functioning and supervision reports; adopts decisions on recommendations and action plans; monitors their implementation; supervises compliance with the Code of Conduct; supervises the activity of the Code of Conduct Committee

• Management Team: Directs and supports all members of the Organization in exercising their compliance obligations; annually certifies knowledge and acceptance of the Code of Conduct, the Crime Prevention and Anti-Bribery Policy, and the Anti-Corruption Rules of Conduct

• Compliance Department: Autonomous area under the supervision of the Audit and Sustainability Committee with periodic reporting to the Management Team; responsible at the operational level for deployment, supervision, monitoring, review and continuous improvement of the MPDyA; prepares and presents the Annual Supervision Plan; presents periodic reports to the Audit and Sustainability Committee and Management Team; advises on doubts and queries; promotes communication and training programs; fosters dissemination, knowledge and compliance with the Code of Conduct

• Code of Conduct Committee: Collegiate body responsible for the Internal Information System, managing the Ethics Channel; composition: 60% women, 40% men; manages communications of possible irregularities or behaviors contrary to the legal framework, Code of Conduct and/or ethical values of Acciona

• Internal Audit Department: Responsible for preparing, coordinating and executing the Annual Supervision Plan on the MPDyA; reports results to the Audit and Sustainability Committee

Training and communication:

• The Code of Conduct, Policy Book and Anti-Corruption Rules of Conduct require reading and acceptance by members of the Organization, including those whose functions entail greater risk
• The Organization has a training and communication program aimed at reinforcing a culture of ethics and integrity in the Group

Ethics Channel (Canal Ético):

• Internal information system available for anyone to report possible irregularities, non-compliance or behaviors that may be considered contrary to the current legal framework, the Code of Conduct and/or the ethical values of the Group
• The subgroup headed by Corporación Acciona Energías Renovables, S.A. has established its own internal information system
• The subgroup headed by Nordex SE has established its own internal information system
• Communications can be made in writing (web form or postal mail) or verbally (voice file, in-person meeting, videoconference or telephone)
• Management corresponds to the Code of Conduct Committee
• Based on principles of confidentiality, anonymity, absence of reprisals, impartiality and objectivity, and respect for the rights of all parties involved

Alignment with international standards

The MPDyA has been defined in accordance with national and international standards and is certified under:

• ISO 37001 (Anti-Bribery Management Systems)
• UNE 19601 (Criminal Compliance Management Systems)

Acciona is a signatory to the United Nations Global Compact commitments, and its anti-corruption approach is aligned with the fundamentals of the Code of Conduct and corporate due diligence process.

Incidents of corruption or bribery

Confirmed incidents

According to ACCIONA's 2024 sustainability report:

"Respecto a los riesgos de corrupción materializados en el ejercicio, no se ha producido ninguno, independientemente de que en los últimos años se hayan abierto diversas investigaciones relacionadas con adjudicaciones, sobrecostes, liquidaciones y reclamaciones derivadas de contratos públicos que afectan a empleados del Grupo, las cuales en algunos casos se han archivado o están pendientes de archivo, y otras continúan su tramitación procesal."

(Translation: Regarding corruption risks materialized in the year, there have been none, regardless of the fact that in recent years various investigations have been opened related to contract awards, cost overruns, settlements and claims arising from public contracts affecting Group employees, which in some cases have been closed or are pending closure, and others continue their procedural processing.)

ACCIONA reports zero confirmed incidents of corruption or bribery in the 2024 reporting period.

Convictions and fines

Not disclosed for corruption or bribery specifically in the reporting period.

Competition law cases

While not corruption/bribery cases, ACCIONA discloses ongoing competition law cases:

• CNMC Road Maintenance Dossier: Resolution sanctioning ACCIONA Mantenimiento e Infraestructuras S.A. with a fine of €2,339,737 for alleged coordination regarding minimum bids in public road maintenance contracts. ACCIONA has appealed and obtained suspension of effects. The resolution concludes prohibition from contracting applies, but cannot be effective until final court decision.

• G-7 Case: CNMC resolution (July 2022) sanctioning 6 major Spanish construction companies including ACCIONA Construcción S.A. for sharing costs of technical studies for public tenders. ACCIONA has appealed and obtained suspension of both economic sanction and contracting prohibition.

Disciplinary actions

Not disclosed.

Contracts terminated

Not disclosed.

Investigation and speak-up mechanisms

ACCIONA maintains a Compliance Directorate under supervision of the Audit and Sustainability Commission with periodic reporting to the Management Team. The company has established communication channels and whistleblowing systems, including:

• Anonymous whistleblowing channel available to employees, suppliers and third parties
• Annual Compliance Survey (2024 edition received 2,363 responses globally, with additional mechanisms for non-digital workers)
• NORDEX subsidiary operates a notify! whistleblowing system based on trust, good faith and protection principles

Political influence and lobbying activities

Political engagement approach

The ultimate supervisory function over activities related to political influence and lobbying rests with the Company's Board of Directors and its Audit and Sustainability Committee.

ACCIONA maintains a transparent and constant relationship with public administrations in all countries where it operates. The company considers public participation in the process of adopting any regulatory initiative to be important, in order to ensure that the interests of all those affected by the measures to be adopted are duly weighed and reflected.

Likewise, it advocates constant dialogue with regulatory authorities, involving and committing itself to collaborate with them. Consequently, it is actively involved in the development of those public policies that affect the areas and sectors in which it operates, contributing the experience of the private sector to legislative bodies.

Among the practices carried out to promote knowledge are analysis processes, preparation of studies and dissemination of their results, as well as participation in the presentation of proposals, comments or allegations in the public information procedures of the different procedures designed to establish the regulatory framework for each sector.

ACCIONA's position is always consistent with its commitment to the care and respect of the environment, support for renewable energies and sustainability in the use of resources.

Likewise, presence in forums, associations and various groups is encouraged, contributing knowledge, ideas, initiatives and experiences acquired over the years, with the objective that public policies are oriented towards sustainable development and growth, both socially, economically and environmentally.

In 2024, no member of the Board of Directors or the Management Committee has held a comparable position in the public administration in the two previous years.

Ethical standards and guidelines

ACCIONA's commitment to society is specified in the development of extensive sponsorship, patronage and collaboration work, which is channeled through agreements and allocation of resources with representative institutions of society. ACCIONA will provide its support through donations and sponsorships only to organizations that are not involved in situations or activities that could compromise the Organization's reputation and always in accordance with the legislation of the country in which it operates and the Organization's internal regulations. In this regard, ACCIONA is governed by the Corporate Standard on Donations and Sponsorships, whose purpose is to establish a framework of action that allows compliance with this objective.

Any contribution of this type made by ACCIONA must not generate the slightest doubt about its suitability and, of course, must not involve non-compliance with any applicable law. To ensure compliance with these principles, Members of the Organization and third parties that relate to ACCIONA must act in accordance with the following guidelines:

• Not receive, offer or promise any element of value to another person in order to obtain a commercial advantage, including political parties or candidates for public office.
• Not make political contributions on behalf of the Organization in terms that are not expressly permitted by the legislation of the country in which it operates and the Organization's internal regulations.
• Not make sponsorships or donations on behalf of the Group in order to obtain undue advantages.
• Not use classified or confidential information for personal benefit or that of third parties.
• Maintain accurate, complete and truthful financial, accounting and operational records.
• Monitor and carry out due diligence processes on third parties to ensure business integrity.
• Require third parties to comply with ACCIONA's ethical principles, including anti-corruption regulations.
• Comply with internal regulations on gifts and hospitality.

EU Transparency Register

In the European Union, ACCIONA has been registered in the EU Transparency Register since 2013, where it transparently publishes what interests are pursued, who defends them and with what budget.

Trade association memberships and contributions

The largest contributions made were:

1. Association of Construction and Infrastructure Concession Companies (SEOPAN): €278,300

SEOPAN, Association of Construction and Infrastructure Concession Companies, was created with the objective of actively promoting investment in infrastructure and the promotion of public-private partnership projects as decisive elements for competitiveness and economic growth in Spain.

2. American Clean Power Association (ACPA): €240,251

ACP brings together the resources of energy storage, wind power, large-scale solar power, clean hydrogen and transmission companies in order to promote common objectives and accelerate the advancement of clean energy as the dominant energy source in the United States.

3. World Business Council for Sustainable Development (WBCSD): €150,394

The WBCSD and its members lay the foundations for transformation. The goal is to make a difference globally by shaping policies and reformulating financial systems to reward sustainable decision-making, and aligning business performance with tangible progress on climate, nature and equity.

Focus areas and advocacy topics

Regarding collaboration with public bodies during 2024, these were the most notable processes:

Main lines of action to lead the ecological transition:

• Participation in the processes of elaboration of development standards and implementation of the Fit for 55 package of the European Commission, whose objective is to review legislation on climate, energy and transport to adapt it to EU ambitions for 2030 and 2050, as well as the RePowerEU communication, whose objective is to strengthen the EU's energy autonomy. ACCIONA's proposals are related to renewable energies, circularity, energy efficiency, emissions trading, sustainable mobility or environmental taxation, among others.

• Participation in and monitoring of the processes of elaboration of the development regulations of the EU Net Zero Industry Act and the Critical Raw Materials Act.

• Contribution to the positioning of European associations on the future Clean Industrial Deal to be proposed by the new European Commission.

• Contributions in consultation and public information processes on aid programs of the National Recovery, Transformation and Resilience Plan.

• In 2024, ACCIONA Energía has contributed to numerous public hearing processes and participation in the preparation of reports and positioning documents of various entities and associations, in support of the decarbonization of the energy sector related to:

  • Promotion of renewable hydrogen and biomethane
  • Development and improvement of operating procedures to increase grid integration of renewable energy, and define the correct operation of new flexibility resources and hybrid renewable plants
  • Extension of life and repowering of renewable projects
  • Access and connection process for renewable plants
  • Development of electrical networks to meet the objectives set in the energy transition
  • Review of the methodology for setting electricity tariffs
  • Adaptation of the Supply and Marketing Regulation
  • Adaptation of Market Rules and operating procedures
  • Promotion and regulatory development of new flexibility resources (storage, demand management, aggregation, electric vehicles) and new renewable generation technologies
  • Calls for aid to support renewable installations, self-consumption, storage and renewable hydrogen
  • Electricity market redesign and measures affecting renewable remuneration
  • European regulations to support renewables

Political contributions

No specific political contribution amounts are disclosed. The company's ethical guidelines state that members must "not make political contributions on behalf of the Organization in terms that are not expressly permitted by the legislation of the country in which it operates and the Organization's internal regulations."

Payment practices

Average payment time and contractual terms

Acciona provides the average payment period as required by the second final provision of Law 31/2014, of December 3, prepared applying the Resolution of the Institute of Accounting and Auditing of Accounts dated January 29, 2016. This information refers to the national scope (Spain) to which this regulation exclusively applies:

*At the date of closure of the balance sheet in Spain. ACCIONA intends to expand the perimeter of this information in subsequent sustainability reports.

The Average payment period to suppliers is understood as the time that elapses from the delivery of goods or provision of services by the supplier until payment of the operation.

This Average payment period to suppliers is calculated as the quotient formed in the numerator by the sum of the ratio of operations paid by the total amount of payments made plus the ratio of operations pending payment by the total amount of pending payments and, in the denominator, by the total amount of payments made and pending payments.

Contractually, Acciona's payment period to suppliers is set at 60 days.

Compliance with late payment regulations

Additional information required by Law 18/2022, of September 28, on the Creation and Growth of Companies regarding invoices paid within a period less than the maximum established in the late payment regulations (Spain scope):

Legal proceedings for late payment

At the close of this report, ACCIONA has 12 pending judicial proceedings for payment delays.