Indra wins AECA Award for Business Transparency

Indra, the leading consulting and technology multinational in Spain and one of the most important in Europe and Latin America, has won the “AECA Award for Business Transparency" granted by the Spanish Association for Accounting and Business Administration, in the category for companies listed on the Ibex 35 Index. The company was chosen for the award "in recognition of the quality, accessibility, usability, content and presentation of the information it publishes on its corporate website (1.0. and 2.0.) in the general, financial, sustainability and good corporate governance areas".

Collecting the award at the AECA annual ceremony, General Manager of Talent, Innovation and Strategy Emma Fernández said that transparency has been a fundamental value for Indra since the company went public in 1999. “We have come a long way since then, every year improving our reporting and the information we make available to all of our stakeholders," she added.

Indra received an honorary mention at the 2013, 2012 and 2009 editions of the awards, so walking away with the top prize this year is yet another recognition of the company's commitment to excellence, transparency and long-term value creation.

The AECA Award for Business Transparency, now well-established following several editions, is sponsored by Accenture and organized in partnership with the Institute of Internal Auditors, Laes Nexia and Ruiz-Ayúcar Asociados. It is also supported by the National Securities Market Commission (CNMV), the Bank of Spain and the national board of registrars Registradores de España. The jury members are drawn from prestigious public and private bodies responsible for regulation, markets, dissemination and corporate registration, such as the aforementioned institutions, as well as the Institute of Accounting and Auditing (ICAC), the AECA New Technologies and Accounting Commission, and the journals Consejeros and Compromiso Empresarial.

Commitment to transparency

In its quest for excellence and maximum transparency, Indra implements corporate governance and responsibility policies based on the best national and international practices in order to guarantee quality information for its various stakeholders, often exceeding legal requirements.

In 2008 Indra started publishing a report with comprehensive, integrated details on the company's economic, social and environmental performance, and in 2012 it became the first Spanish company to publish an annual integrated report in line with the new model introduced by the International Integrated Reporting Council (IIRC). Indra was one of seven Spanish companies and one of three worldwide technology companies chosen to participate in this pilot program which aims to develop a globally accepted international framework or standard for integrated reporting and more complete, understandable information.

Over the years, Indra has also significantly improved the online version of the report to facilitate transparency and provide easier access to detailed information in a more customized manner. For example, the summaries at the beginning of each section of the report not only make it easier to access the information but now offer links to more detailed explanations of the contents.

Furthermore, Indra's integrated report for 2013 adopts the "Comprehensive" option of the G4 version of the guidelines published in November 2013 by the Global Reporting Initiative (GRI), and continues to apply the AA1000 APS Accountability Principles Standard, as verified externally. It also describes the company's progress as regards the Global Compact principles.

Long-term value creation and sustainability

For Indra, being committed to long-term value creation and sustainability means using innovation—the central core of its activities and corporate responsibility—to meet the challenges and opportunities associated with each of its target audiences: shareholders, employees, clients, suppliers, the environment and society in general.

This commitment is exemplified by the company's inclusion in indices like the Dow Jones Sustainability Index, on which Indra has been present for eight years running. Indra is the only company in the IT and Internet services subsector that has remained on this world index since joining it in 2006, which reinforces its shares as a value in socially responsible investing.

Indra, chaired by Javier Monzón, is Spain's number 1 consulting and technology multinational and one of the main multinationals in Europe and Latin America. Innovation and sustainability are the cornerstone of its business, having assigned over €570 million to R&D&I in the last three years, a figure that places it among the top European companies in its sector in terms of investment. With approximate sales of €3,000 M, 61% of its sales revenue is from the international market. It has 42,000 employees and customers in over 138 countries.