The purpose of this Code of Ethics and Conduct is to provide a deontological guide to people working in Red Eléc-trica Group companies, determining ethical values, principles and behavioural guidelines that govern their activity within the company.

This purpose of this annual ethical management report is to collate and to disseminate circumstances related to Corporate System for the Ethics Management at Red Eléctrica Group in financial year 2020: functioning of the eth-ics channel and its compliance, initiatives developed, promoted alliances, recognitions obtained and measures to be implemented.