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Other information of tax relevance
Non-provision of tax services by the auditor
Endesa does not engage the audit firm responsible for its statutory accounts to provide any tax advisory services.
The services rendered by the audit firm during fiscal year 2024 were limited to the Statutory Audit of the financial statements, the limited review of Interim Financial Statements, verification of the Non-Financial Information Statement and Information on Sustainability, as well as other audit-related services.
The auditor did not provide tax or any other services beyond those mentioned above in fiscal year 2024. The integrated report on the activities of the Board of Directors’ Committees is available at the following link:
Endesa’s Criminal Compliance and Anti-Bribery System
Endesa has established a robust regulatory framework that reflects its ethical values and principles of integrity and corporate responsibility. This framework sets forth guidelines to direct the conduct of its employees and partners, fostering a strong ethical and compliance culture across the organisation. The Compliance Policy, the Criminal Risk Prevention And Anti-Bribery model, the Code of Ethics, and the Zero Tolerance for Corruption Plan, among other documents, are the cornerstones of this culture.
Since 2017, Endesa’s criminal compliance and anti-bribery management system has been certified by AENOR in accordance with UNE 19601.
The purpose of this system is to prevent criminal offences from being committed in the course of the company’s activities. The System constitutes a structured and integrated model of procedures and monitoring activities, designed to prevent the commission of crimes that could result in criminal liability for Endesa or its subsidiaries.
Among the criminal risks covered by this model are money laundering and fraudulent conveyance (asset stripping).
Every member of the organisation is responsible for implementing and complying with the model. The model is available on the company’s intranet, while several initiatives are in place to ensure its dissemination and understanding (e.g., mandatory online training programmes).
Additionally, all employees formally commit to compliance through explicit declarations or contractual clauses in their employment agreements. Endesa’s General Terms and Conditions for suppliers also include contractual clauses requiring adherence to Endesa’s ethical standards and criminal risk prevention measures.
The system is continuously monitored by the Supervisory Committee, while internal audit performs periodic reviews to assess its design and effectiveness. The findings from these reviews are reported to the Audit and Compliance Committee (ACC), which is responsible for overseeing the system’s operation and ensuring compliance.
The system is comprised of five elements that, combined, ensure an adequate control system for preventing crime risk:
Definition of the control environment establishing and communicating control processes to relevant teams.
Assessment: Evaluating the design and effectiveness of control activities within the system, along with any associated risks.
Action plans are defined to address identified deficiencies.
Response to non-compliance: in the event of non-compliance, Endesa applies not only the applicable legal measures but also the provisions of its VI Framework Agreement, ensuring uniform treatment in line with prevailing regulations. The Supervisory Committee coordinates any necessary investigations.
Monitoring and measurement: Endesa continuously updates and monitors compliance indicators to track the main elements of its criminal compliance and anti-bribery system and measure its effectiveness.