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Commitment to tax transparency
Committed to tax transparency and responsible tax practices
By María Muñoz Viejo, Tax Manager at Endesa, and Marco Palermo, CFO of Endesa.
At Endesa, we remain firmly committed to the principles of tax responsibility and the adoption of tax systems that promote the social and economic well-being of the communities where we operate. We rigorously uphold the principles of equality and progressivity in our approach to taxation.
Endesa demonstrates its commitment to society through local economic development and by ensuring a fair and responsible contribution to the tax systems in which it participates. As part of this commitment, and in line with our ongoing efforts to foster transparency, we are once again publishing the Endesa Tax Transparency Report, addressed to all relevant stakeholders. This report strengthens our overall transparency practices and reflects our objective of providing clear and accessible information regarding our tax policies.
Tax transparency is not only an ethical obligation but also a practice that enhances our relationship with stakeholders. By adopting responsible tax policies, Endesa contributes to economic development while aligning with society’s expectations for fairness and tax justice.
As a leader in the energy sector, Endesa has implemented tax policies focused on transparency and responsibility. We are committed to full compliance with all applicable tax regulations in the countries where we operate, ensuring an ethical approach to fulfilling our tax obligations. The company has established robust mechanisms to manage and control tax risks, relying on specialised advice to ensure compliance and maintain responsible management. Additionally, our Tax Compliance System is certified in accordance with the UNE 19602 Standard.
One of Endesa’s top priorities is to help create a modern, fairer tax system that meets the need to responsibly support the energy transition and contribute to decarbonisation efforts. In this regard, Endesa believes in the potential of tax policy as a lever to drive the energy transition, accelerate clean electrification processes, and promote the adoption of more sustainable technologies.