Please read our Introduction to the Governance and Sustainability System (approved by the Board of Directors of Scottish Power Retail Holdings Limited on 30 April 2021)  for further information regarding the origin and driving ideas behind the ScottishPower Retail Governance and Sustainability System, which are principally based on that of Scottish Power Limited’s ultimate shareholder Iberdrola, S.A., as well as its five composite chapters, being: (i) By-Laws, (ii) Purpose, (iii) Environment and Climate Change, (iv) Social Commitment, and (v) Corporate Governance.

Scottish Power Retail Holdings Limited, as head of business Companies of the Iberdrola Group that pursues the activities of retail, holds the corresponding executive responsibilities, taking charge of the day-to-day management and effective administration of the business, as well as its ordinary control, through its Board of Directors [hyperlink to Board of Directors] and its management bodies.

In discharging these responsibilities and in the exercise of its decision-making powers, Scottish Power Retail Holdings Limited has approved its own bylaws and internal corporate governance rules, and its competent bodies have adopted the corporate policies and other internal codes and procedures that make up the Governance and Sustainability System of ScottishPower, as well as the specific rules or regulations to implement or supplement it.