Duro Felguera has become the first company in the north of Spain to obtain the Good Corporate Governance Index certification, with the highest rating (G++), awarded by AENOR.
AENOR’s Good Corporate Governance Index measures the degree of compliance of companies in terms of governance, taking into account 9 variables, 41 indicators and 165 evaluation criteria, in areas such as: composition of the Board of Directors, participation in the General Shareholders’ Meeting, Transparency, Anti-corruption, Sustainability and ESG (Environmental, Social and Governance) policies.
“This certification is an important step forward and demonstrates the constant reaffirmation of our Company’s commitment to regulatory compliance and the application of the highest standards of corporate governance. Considering that we are a company that has received public aid, it is especially important to have external certification that our governance practices meet the best standards in the market,” said Rosa Aza, chairwoman of the Board of Directors of Duro Felguera.
By achieving the highest rating, between 900 and 1,000 points (G++) by AENOR, Duro Felguera becomes the eighth Spanish company to obtain the certification and the first in Asturias with this distinction for best corporate practices.
In the analysis, Duro Felguera stood out for its solid compliance with the Good Governance Code of the National Securities Market Commission (CNMV), highlighting the results of the modifications and reinforcements of the corporate governance system that have been carried out in recent years. “This distinction allows companies to strengthen their corporate realities, improving their relationship with their stakeholders with practices that have high quality standards”, says Mayrata Conesa, AENOR’s Compliance Manager.
This certification becomes an instrument that accredits Duro Felguera’s good corporate governance practices by an independent third party with a high reputation. In this way, the Company reinforces its confidence and credibility in the eyes of its stakeholders: investors, employees, customers, society in general, among others, in order to continue contributing to the development of the region with the highest standards of governance.
Duro Felguera also holds the AENOR UNE 19601 certifications for criminal compliance and ISO 37001 for anti-bribery, which are recognition of the Group’s efforts to develop the best ethical, compliance and corporate governance practices in its day-to-day management.