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The Endesa Foundation, recognised for its transparency and good practices with the renewal of the 'Lealtad Instituciones' seal

Endesa Foundation logo at its headquarters in Madrid.
Endesa Foundation logo at its headquarters in Madrid.
  • This accreditation recognises the rigour and good work of the foundation’s management, as well as the fulfilment of its public benefit goals.
  • The Endesa Foundation received this recognition for the first time in 2018, at that time becoming the first IBEX 35 corporate foundation to receive it; and it is, again, the first to renew it.

The Endesa Foundation has renewed its transparency and good practices certificate granted by Lealtad Instituciones, a seal that recognises the rigour and good work of its management, which the Foundation obtained for the first time in 2018. As on that occasion, the Endesa Foundation is the first Ibex company foundation to renew this recognition.

The renewal takes place after an in-depth, detailed analysis, begun by Lealtad Instituciones in May, at the end of which it issued a report showing the Endesa Foundation’s full compliance with the seven principles of Transparency and Good Practices for foundations.

According to the analysis, as the report describes, the organisation has adequate standards for regulating the operation of its governing body and implementing the principles and values that govern its actions. It also has mechanisms that ensure its independence and effective supervision, and it makes all this information available to its stakeholders.

The social purpose and the activities carried out by the Foundation are explicitly set out in its Statutes, which are published on its website.

The report also indicates that the Foundation has a strategic framework, an annual planning process and a process for selecting, approving and tracking projects, which guarantee the achievement of its founding purpose.

In the area of accountability, the Foundation’s communication materials and public information faithfully reflect its objectives and real situation, and procedures are applied to ensure their monitoring by its founder.

The duly audited annual accounts and the auditor's report are published on the Foundation's website, and it carries out exhaustive controls on the use of its funds.

Finally, the report concludes that the foundation is up to date on all its legal obligations and has rules and procedures that guarantee adequate regulatory compliance.

The Endesa Foundation has always been committed to transparency and rigour in the conduct of its activities, and it is committed to continuing to advance towards the model of maximum transparency that society is increasingly demanding of foundations.

The renewal of this seal responds to its interest in being able to demonstrate its good governance, the efficient management of its funds and the fulfilment of its social purposes, thereby demonstrating to its stakeholders and the general public its proper functioning as a rigorous and independent corporate institution. 

“In our Foundation, we work to achieve our goals in a professional and responsible manner, drawing inspiration from the highest standards of governance, management and transparency. Rigour and transparency are behaviours that the public is increasingly demanding and, therefore, a key element of our strategic plan”, said Alberto Fernández Torres, general manager of the Endesa Foundation.

Lealtad Instituciones , for its part, is the first professional organisation in Spain to analyse and provide company and heritage foundations with a certificate based on compliance with seven Principles of Transparency and Good Practices defined by a committee of renowned experts.

 

About the Endesa Foundation

The main goal of the Endesa Foundation, chaired by Juan Sánchez-Calero, is to contribute to social development through educational, training for employment, environmental and cultural projects.

The Foundation's educational projects are fundamentally aimed at fostering innovation in education at all levels and promoting academic excellence at the university level through grants, scholarships and chairs.

Its training for employment projects focus on promoting the talents of people at risk of social exclusion, young entrepreneurs with limited resources and professionals over 50 years of age.

Its environmental projects primarily focus on promoting education, a culture of environmental awareness and energy efficiency.

Among its cultural projects, the most notable are the illumination of artistic monuments, the conservation and dissemination of the historical industrial heritage of the Spanish electricity sector and collaboration with top-level Spanish cultural bodies.

The Endesa Foundation also designs and funds programmes and actions destined to provide humanitarian, health, social, economic and material aid during extraordinary situations, such as healthcare crises and natural catastrophes.

More information at www.fundacionendesa.org

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