Endesa is aware that the balanced performance of its economic, social and environmental duties, based on its sustainability criteria, is essential to maintain and reinforce its current leading position in the future.

These duties include, in relation to corporate governance, constantly striving for excellence as regards transparency in public reporting to the market and business ethics in all of the decision-making processes of the Company's governing bodies. For this purpose, Endesa continually and closely monitors developments in national and international best practices in order to incorporate such practices into its internal corporate governance rules and, therefore, ensure its continued status as a leader in transparency and business ethics.