Iberdrola S A : Launch of the Re-skilling 4 Employment programme, co-led by Iberdrola, to provide vocational training for 5 million people in the EU

07 May 2021

INFORMATIVE NOTE

Launch of theRe-skilling4 Employmentprogramme,co-ledby Iberdrola, to provide vocational training for 5 million people in the EU

• Promoted by the European Roundtable of Industry (ERT), the initiative aims to have adults retrained and to create new jobs for one million European professionals by 2025 and five million by 2030 - of which one million would be generated in Spain.
• In its first year, R4E will start with pilot projects in Portugal, Spain and Sweden involving AstraZeneca, Iberdrola,Nestlé,SAP, Sonae,Telefónicaand Volvo Group.
• It will enhance human capital development as part of the European economic recovery, promote social inclusion and facilitate the transition to a greener and more digital economy

The digital revolution, automation and skills obsolescence have led to a skills gap that puts the employment of many people in Europe at risk. In this context, Iberdrola, together with other companies such as AstraZeneca, Iberdrola, Nestlé, SAP, Sonae, Telefónica and Volvo Group, isco-leadingthe EuropeanRe-skilling4 Employmentprogramme with the aim of promoting training and the search for structural solutions to solve the problem of unemployment on the continent.

Promoted by theEuropean Roundtable of Industry(ERT), the R4E initiative aims to have one million adults of all ages in Europe retraining and acquiring new professional skills by 2025. The programme will coordinate the efforts of public institutions and private organisations to develop professional qualifications and ensure a new job for 5 million Europeans by 2030. One million of these would be generated in Spain.

This joint commitment will enable the implementation of a set of measures with the potential to expand and improve national ecosystems for the retraining of professional skills and/or develop solutions that can be transferred between countries. The project is aligned with the priorities of the

European Recovery Plan and the España Puede Recovery Plan.

The ERT has presented this project in the framework of the Porto Social Summit*, which starts today under the Portuguese Presidency of the European Council. These figures represent 25% of the European workforce** which, over the coming years and as current jobs disappear through automation, will need to be trained in new skills. TheCOVID-19pandemic has accelerated these trends, making a joint approach to retraining more urgent and necessary.

Four vectors: technology enablement, network of skilled providers,city-basedemployment ecosystems and financing models

R4E will enhance human capital development as part of the European economic recovery, promote social inclusion and facilitate the transition to a greener and more digital economy. The project was

07 May 2021

INFORMATIVE NOTE

created to make the initiatives of companies, public bodies, trade unions, business associations and training providers work collaboratively, and its implementation will be tailored to specific country needs and contexts.

The initiative offers support through four critical vectors such as technological enablement for retraining, including a common platform and recommendations driven by artificial intelligence; a network of highly skilled training providers andjob-creatingcompanies; the creation of employment ecosystems in cities to facilitate placement; and support in the design of funding models in a way that aligns incentives to training providers, companies and candidates.

Paulo Azevedo, Chair of the ERT's Employment, Skills and Impact Committee said: "We are pleased to announce the R4E initiative with pilot projects in three countries involving several companies led by ERT members, as well as several partner organisations. The aim is simple: to help people retrain for moresought-afterjobs, improving people's lives, increasing social cohesion and boosting Europe's competitiveness. Through this new programme, businesses will be able to partner with European and national institutions, public and private bodies to take real action to ensure that Europe has the human capital and skills it needs to make the green and digital

transitions".

Note:

Full list ofERT members

*More information on the Porto Social Summit

**Source:McKinseyReport:The Future of Work in Europe

About Iberdrola

Iberdrolais a global energy leader, the world's largest wind power producer and one of the largest electricity companies by market capitalisation in the world. The Group supplies energy to almost 100 million people in numerous countries including Spain, the United Kingdom (ScottishPower), the United States (AVANGRID), Brazil (Neoenergia), Mexico, Germany, Portugal, Italy and France. With a workforce of more than 35,000 people and

assets in excess of €122 billion, it recorded a turnover of €36.438 billion and a net profit of €3.406 billion in 2019.

Iberdrola is leading the transition towards a sustainable energy model through its investments into renewable energy, smart grids, large-scale energy storage and digital transformation, to offer the most advanced products and services to customers. Thanks to its commitment to clean energy, Iberdrola is one of the companies with the lowest emissions and an international benchmark due to its contribution to the fight against climate change and to sustainability.

About the ERT

The European Round Table for Industry(ERT) is a forum that brings together some 60 CEOs and chairmen of multinational companies with a European parent company, covering a wide range of industrial and technological sectors. The ERT strives for a strong, open and competitive Europe, with the EU and its single market as an engine

07 May 2021

INFORMATIVE NOTE

for inclusive growth and sustainable prosperity. ERT member companies have combined revenues in excess of €2 trillion, providing direct jobs for some 5 million people worldwide, half of whom are in Europe, and supporting millions of indirect jobs. They invest more than €60 billion a year in R&D, mainly in Europe.www.ert.eu