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IBERDROLA SA 2023-2024 Proxy Voting Records

Compiled from SEC Form N-PX filings. Page generated 04 October 2026.

77Reported items
262Asset managers
10,536Fund votes
2024-05-17Meeting date

Proxy season: 2023-2024 2024-2025 2025-2026

Explore IBERDROLA SA in the interactive database Compare manager voting policies

How asset managers voted at the IBERDROLA SA 2023-2024 meeting

Each item below shows how the 262 asset managers that disclosed a IBERDROLA SA vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of IBERDROLA SA’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Consultative vote on the Annual Director and Officer Remuneration Report 2023.

SECTION 14A SAY-ON-PAY VOTES

Combines 5 wordings of this item as funds reported it.

99.0% fund support · no official result

FOR 98%

The 149 asset managers below cast 99.0% of the shares they voted on this item FOR (49,303,334 for, 466,986 against).

FOR: 49,303,334 (98.5%)AGAINST: 466,986 (0.9%)ABSTAIN: 296,083 (0.6%)UNKNOWN: 135 (0.0%)NOT VOTED: 65 (0.0%)

Largest asset managers voting on “Consultative vote on the Annual Director and Officer Remuneration Report 2023.” at IBERDROLA SA, 2023-2024
Asset manager	For	Against	Abstain	Vote
JPMorgan	11,187,421	0	0	For
Northern Trust	8,553,275	307,471	0	For
Korea Investment CORP	4,458,913	0	0	For
John Hancock	4,140,223	0	0	For
BAILLIE GIFFORD & CO LTD	3,517,136	0	0	For
Natixis	3,490,359	0	0	For
1832 Asset Management L.P.	2,263,051	0	0	For
Jackson National	2,106,431	0	0	For
Siemens Fonds Invest GmbH	1,743,807	0	0	For
NEW ALTERNATIVES FUND	1,193,243	0	0	For
Gabelli	774,223	0	0	For
ENVESTNET ASSET MANAGEMENT INC	706,977	0	0	For
RAYMOND JAMES & ASSOCIATES	594,252	0	0	For
Allianz	530,591	0	0	For
Guardian Variable Products Trust	441,988	0	0	For
Cullen Capital Management, LLC	422,305	0	0	For
Bridge Builder Trust	413,808	0	0	For
Investment Managers Series Trust	366,188	0	0	For
LOCKHEED MARTIN INVESTMENT MANAGEMENT CO	341,106	0	0	For
CULLEN FUNDS TRUST	318,858	0	0	For
Apollo Management Holdings, L.P.	0	0	294,726	Abstain
Baillie Gifford Investment Management (Europe) Ltd	260,836	0	0	For
Ativo Capital Management LLC	209,660	0	0	For
South Dakota Investment Council	196,114	0	0	For
Series Portfolios Trust	140,893	0	0	For

Showing the 25 largest of 149 asset managers. See all 149 in the interactive database.

2. Advisory Vote on Remuneration Report

COMPENSATION

99.9% fund support · no official result

FOR 99%

The 97 asset managers below cast 99.9% of the shares they voted on this item FOR (667,815,196 for, 10,098 against).

FOR: 667,815,196 (98.7%)AGAINST: 10,098 (0.0%)ABSTAIN: 9,108,503 (1.3%)

Largest asset managers voting on “Advisory Vote on Remuneration Report” at IBERDROLA SA, 2023-2024
Asset manager	For	Abstain	Vote
Vanguard	161,212,211	0	For
BlackRock	147,926,459	0	For
RWC Asset Management LLP	71,816,174	0	For
Capital Group	57,793,670	0	For
Fidelity	41,559,607	0	For
MFS	26,877,413	0	For
JPMorgan	19,833,171	0	For
TIAA	18,086,977	0	For
State Street	15,670,628	0	For
APG Asset Management US Inc.	0	9,108,503	Abstain
T. Rowe Price	9,040,738	0	For
Northern Trust	7,425,495	0	For
Six Circles Trust	7,417,017	0	For
DWS	6,045,737	0	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	5,953,436	0	For
Principal	5,412,405	0	For
JANUS INVESTMENT FUND	4,867,880	0	For
Goldman Sachs	4,537,110	0	For
Thornburg	4,053,698	0	For
Columbia Threadneedle	3,843,391	0	For
Calvert	3,611,912	0	For
DNP SELECT INCOME FUND INC	3,539,400	0	For
Dimensional	3,389,598	0	For
Equitable	3,294,398	0	For
INTERNATIONAL GROWTH & INCOME FUND	3,092,193	0	For

Showing the 25 largest of 97 asset managers. See all 97 in the interactive database.

3. Approve Remuneration Policy

COMPENSATION

100% fund support · no official result

FOR 100%

The 94 asset managers below cast 100% of the shares they voted on this item FOR (646,306,285 for, 0 against).

FOR: 646,306,285 (100.0%)

Largest asset managers voting on “Approve Remuneration Policy” at IBERDROLA SA, 2023-2024
Asset manager	For	Vote
Vanguard	161,212,211	For
BlackRock	147,926,459	For
RWC Asset Management LLP	71,816,174	For
Capital Group	57,793,670	For
Fidelity	41,559,607	For
MFS	26,877,413	For
TIAA	18,086,977	For
State Street	15,670,628	For
T. Rowe Price	9,040,738	For
Northern Trust	7,425,495	For
Six Circles Trust	7,417,017	For
DWS	6,045,737	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	5,953,436	For
Principal	5,412,405	For
JANUS INVESTMENT FUND	4,867,880	For
Goldman Sachs	4,537,110	For
Thornburg	4,053,698	For
Columbia Threadneedle	3,843,391	For
Calvert	3,611,912	For
DNP SELECT INCOME FUND INC	3,539,400	For
Dimensional	3,389,598	For
Equitable	3,294,398	For
INTERNATIONAL GROWTH & INCOME FUND	3,092,193	For
Legg Mason	2,268,119	For
American Century	2,127,608	For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

4. Amend Articles

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 93 asset managers below cast 100% of the shares they voted on this item FOR (574,448,787 for, 0 against).

FOR: 574,448,787 (100.0%)

Largest asset managers voting on “Amend Articles” at IBERDROLA SA, 2023-2024
Asset manager	For	Vote
Vanguard	161,212,211	For
BlackRock	147,926,459	For
Capital Group	57,793,670	For
Fidelity	41,559,607	For
MFS	26,877,413	For
TIAA	18,086,977	For
State Street	15,670,628	For
T. Rowe Price	9,040,738	For
Northern Trust	7,425,495	For
Six Circles Trust	7,417,017	For
DWS	6,045,737	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	5,953,436	For
Principal	5,412,405	For
JANUS INVESTMENT FUND	4,867,880	For
Goldman Sachs	4,537,110	For
Thornburg	4,053,698	For
Columbia Threadneedle	3,843,391	For
Calvert	3,611,912	For
DNP SELECT INCOME FUND INC	3,539,400	For
Dimensional	3,389,598	For
Equitable	3,294,398	For
INTERNATIONAL GROWTH & INCOME FUND	3,092,193	For
Legg Mason	2,268,119	For
American Century	2,127,608	For
Brighthouse	1,995,656	For

Showing the 25 largest of 93 asset managers. See all 93 in the interactive database.

5. Amend Articles of General Meeting Regulations

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 93 asset managers below cast 100% of the shares they voted on this item FOR (574,448,787 for, 0 against).

FOR: 574,448,787 (100.0%)

Largest asset managers voting on “Amend Articles of General Meeting Regulations” at IBERDROLA SA, 2023-2024
Asset manager	For	Vote
Vanguard	161,212,211	For
BlackRock	147,926,459	For
Capital Group	57,793,670	For
Fidelity	41,559,607	For
MFS	26,877,413	For
TIAA	18,086,977	For
State Street	15,670,628	For
T. Rowe Price	9,040,738	For
Northern Trust	7,425,495	For
Six Circles Trust	7,417,017	For
DWS	6,045,737	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	5,953,436	For
Principal	5,412,405	For
JANUS INVESTMENT FUND	4,867,880	For
Goldman Sachs	4,537,110	For
Thornburg	4,053,698	For
Columbia Threadneedle	3,843,391	For
Calvert	3,611,912	For
DNP SELECT INCOME FUND INC	3,539,400	For
Dimensional	3,389,598	For
Equitable	3,294,398	For
INTERNATIONAL GROWTH & INCOME FUND	3,092,193	For
Legg Mason	2,268,119	For
American Century	2,127,608	For
Brighthouse	1,995,656	For

Showing the 25 largest of 93 asset managers. See all 93 in the interactive database.

6. Amend Preamble and Articles

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 93 asset managers below cast 100% of the shares they voted on this item FOR (574,448,787 for, 0 against).

FOR: 574,448,787 (100.0%)

Largest asset managers voting on “Amend Preamble and Articles” at IBERDROLA SA, 2023-2024
Asset manager	For	Vote
Vanguard	161,212,211	For
BlackRock	147,926,459	For
Capital Group	57,793,670	For
Fidelity	41,559,607	For
MFS	26,877,413	For
TIAA	18,086,977	For
State Street	15,670,628	For
T. Rowe Price	9,040,738	For
Northern Trust	7,425,495	For
Six Circles Trust	7,417,017	For
DWS	6,045,737	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	5,953,436	For
Principal	5,412,405	For
JANUS INVESTMENT FUND	4,867,880	For
Goldman Sachs	4,537,110	For
Thornburg	4,053,698	For
Columbia Threadneedle	3,843,391	For
Calvert	3,611,912	For
DNP SELECT INCOME FUND INC	3,539,400	For
Dimensional	3,389,598	For
Equitable	3,294,398	For
INTERNATIONAL GROWTH & INCOME FUND	3,092,193	For
Legg Mason	2,268,119	For
American Century	2,127,608	For
Brighthouse	1,995,656	For

Showing the 25 largest of 93 asset managers. See all 93 in the interactive database.

7. Approve Allocation of Income and Dividends

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 93 asset managers below cast 100% of the shares they voted on this item FOR (574,453,127 for, 0 against).

FOR: 574,453,127 (100.0%)

Largest asset managers voting on “Approve Allocation of Income and Dividends” at IBERDROLA SA, 2023-2024
Asset manager	For	Vote
Vanguard	161,212,211	For
BlackRock	147,926,459	For
Capital Group	57,793,670	For
Fidelity	41,559,607	For
MFS	26,877,413	For
TIAA	18,086,977	For
State Street	15,670,628	For
T. Rowe Price	9,040,738	For
Northern Trust	7,425,495	For
Six Circles Trust	7,417,017	For
DWS	6,045,737	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	5,953,436	For
Principal	5,412,405	For
JANUS INVESTMENT FUND	4,867,880	For
Goldman Sachs	4,537,110	For
Thornburg	4,053,698	For
Columbia Threadneedle	3,843,391	For
Calvert	3,611,912	For
DNP SELECT INCOME FUND INC	3,539,400	For
Dimensional	3,389,598	For
Equitable	3,294,398	For
INTERNATIONAL GROWTH & INCOME FUND	3,092,193	For
Legg Mason	2,268,119	For
American Century	2,127,608	For
Brighthouse	1,995,656	For

Showing the 25 largest of 93 asset managers. See all 93 in the interactive database.

8. Approve Consolidated and Standalone Financial Statements

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 93 asset managers below cast 100% of the shares they voted on this item FOR (574,448,787 for, 0 against).

FOR: 574,448,787 (100.0%)

Largest asset managers voting on “Approve Consolidated and Standalone Financial Statements” at IBERDROLA SA, 2023-2024
Asset manager	For	Vote
Vanguard	161,212,211	For
BlackRock	147,926,459	For
Capital Group	57,793,670	For
Fidelity	41,559,607	For
MFS	26,877,413	For
TIAA	18,086,977	For
State Street	15,670,628	For
T. Rowe Price	9,040,738	For
Northern Trust	7,425,495	For
Six Circles Trust	7,417,017	For
DWS	6,045,737	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	5,953,436	For
Principal	5,412,405	For
JANUS INVESTMENT FUND	4,867,880	For
Goldman Sachs	4,537,110	For
Thornburg	4,053,698	For
Columbia Threadneedle	3,843,391	For
Calvert	3,611,912	For
DNP SELECT INCOME FUND INC	3,539,400	For
Dimensional	3,389,598	For
Equitable	3,294,398	For
INTERNATIONAL GROWTH & INCOME FUND	3,092,193	For
Legg Mason	2,268,119	For
American Century	2,127,608	For
Brighthouse	1,995,656	For

Showing the 25 largest of 93 asset managers. See all 93 in the interactive database.

9. Approve Consolidated and Standalone Management Reports

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 93 asset managers below cast 100% of the shares they voted on this item FOR (574,446,296 for, 0 against).

FOR: 574,446,296 (100.0%)

Largest asset managers voting on “Approve Consolidated and Standalone Management Reports” at IBERDROLA SA, 2023-2024
Asset manager	For	Vote
Vanguard	161,212,211	For
BlackRock	147,926,459	For
Capital Group	57,793,670	For
Fidelity	41,559,607	For
MFS	26,877,413	For
TIAA	18,086,977	For
State Street	15,670,628	For
T. Rowe Price	9,040,738	For
Northern Trust	7,425,495	For
Six Circles Trust	7,417,017	For
DWS	6,045,737	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	5,953,436	For
Principal	5,412,405	For
JANUS INVESTMENT FUND	4,867,880	For
Goldman Sachs	4,537,110	For
Thornburg	4,053,698	For
Columbia Threadneedle	3,843,391	For
Calvert	3,611,912	For
DNP SELECT INCOME FUND INC	3,539,400	For
Dimensional	3,389,598	For
Equitable	3,294,398	For
INTERNATIONAL GROWTH & INCOME FUND	3,092,193	For
Legg Mason	2,268,119	For
American Century	2,127,608	For
Brighthouse	1,995,656	For

Showing the 25 largest of 93 asset managers. See all 93 in the interactive database.

10. Approve Discharge of Board

CORPORATE GOVERNANCE

99.7% fund support · no official result

FOR 99.7%

The 93 asset managers below cast 99.7% of the shares they voted on this item FOR (574,448,627 for, 1,518,333 against).

FOR: 574,448,627 (99.7%)AGAINST: 1,518,333 (0.3%)

Largest asset managers voting on “Approve Discharge of Board” at IBERDROLA SA, 2023-2024
Asset manager	For	Vote
Vanguard	161,212,211	For
BlackRock	147,926,459	For
Capital Group	57,793,670	For
Fidelity	41,559,607	For
MFS	26,877,413	For
TIAA	18,086,977	For
State Street	15,670,628	For
T. Rowe Price	9,040,738	For
Northern Trust	7,425,495	For
Six Circles Trust	7,417,017	For
DWS	6,045,737	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	5,953,436	For
Principal	5,412,405	For
JANUS INVESTMENT FUND	4,867,880	For
Goldman Sachs	4,537,110	For
Thornburg	4,053,698	For
Columbia Threadneedle	3,843,391	For
Calvert	3,611,912	For
DNP SELECT INCOME FUND INC	3,539,400	For
Dimensional	3,389,598	For
Equitable	3,294,398	For
INTERNATIONAL GROWTH & INCOME FUND	3,092,193	For
Legg Mason	2,268,119	For
American Century	2,127,608	For
Brighthouse	1,995,656	For

Showing the 25 largest of 93 asset managers. See all 93 in the interactive database.

11. Approve Engagement Dividend

INVESTMENT COMPANY MATTERS

99.9% fund support · no official result

FOR 99.9%

The 93 asset managers below cast 99.9% of the shares they voted on this item FOR (574,448,627 for, 4,500 against).

FOR: 574,448,627 (100.0%)AGAINST: 4,500 (0.0%)

Largest asset managers voting on “Approve Engagement Dividend” at IBERDROLA SA, 2023-2024
Asset manager	For	Vote
Vanguard	161,212,211	For
BlackRock	147,926,459	For
Capital Group	57,793,670	For
Fidelity	41,559,607	For
MFS	26,877,413	For
TIAA	18,086,977	For
State Street	15,670,628	For
T. Rowe Price	9,040,738	For
Northern Trust	7,425,495	For
Six Circles Trust	7,417,017	For
DWS	6,045,737	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	5,953,436	For
Principal	5,412,405	For
JANUS INVESTMENT FUND	4,867,880	For
Goldman Sachs	4,537,110	For
Thornburg	4,053,698	For
Columbia Threadneedle	3,843,391	For
Calvert	3,611,912	For
DNP SELECT INCOME FUND INC	3,539,400	For
Dimensional	3,389,598	For
Equitable	3,294,398	For
INTERNATIONAL GROWTH & INCOME FUND	3,092,193	For
Legg Mason	2,268,119	For
American Century	2,127,608	For
Brighthouse	1,995,656	For

Showing the 25 largest of 93 asset managers. See all 93 in the interactive database.

12. Approve Non-Financial Information Statement

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 99.0%

The 93 asset managers below cast 100% of the shares they voted on this item FOR (568,745,645 for, 0 against).

FOR: 568,745,645 (99.0%)ABSTAIN: 5,703,142 (1.0%)

Largest asset managers voting on “Approve Non-Financial Information Statement” at IBERDROLA SA, 2023-2024
Asset manager	For	Abstain	Vote
Vanguard	161,212,211	0	For
BlackRock	147,926,459	0	For
Capital Group	57,793,670	0	For
Fidelity	41,559,607	0	For
MFS	26,877,413	0	For
TIAA	18,086,977	0	For
State Street	15,670,628	0	For
T. Rowe Price	9,040,738	0	For
Northern Trust	7,425,495	0	For
Six Circles Trust	7,417,017	0	For
DWS	6,045,737	0	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	5,953,436	0	For
Principal	5,412,405	0	For
JANUS INVESTMENT FUND	4,867,880	0	For
Goldman Sachs	4,537,110	0	For
Thornburg	254,728	3,798,970	Abstain
Columbia Threadneedle	3,843,391	0	For
Calvert	3,611,912	0	For
DNP SELECT INCOME FUND INC	3,539,400	0	For
Dimensional	3,389,598	0	For
Equitable	3,294,398	0	For
INTERNATIONAL GROWTH & INCOME FUND	3,092,193	0	For
Legg Mason	2,268,119	0	For
American Century	2,127,608	0	For
Brighthouse	1,879,077	116,579	For

Showing the 25 largest of 93 asset managers. See all 93 in the interactive database.

13. Approve Reduction in Share Capital via Cancellation of Treasury Shares

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 93 asset managers below cast 100% of the shares they voted on this item FOR (574,448,882 for, 0 against).

FOR: 574,448,882 (100.0%)

Largest asset managers voting on “Approve Reduction in Share Capital via Cancellation of Treasury Shares” at IBERDROLA SA, 2023-2024
Asset manager	For	Vote
Vanguard	161,212,211	For
BlackRock	147,926,459	For
Capital Group	57,793,670	For
Fidelity	41,559,607	For
MFS	26,877,413	For
TIAA	18,086,977	For
State Street	15,670,628	For
T. Rowe Price	9,040,738	For
Northern Trust	7,425,495	For
Six Circles Trust	7,417,017	For
DWS	6,045,737	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	5,953,436	For
Principal	5,412,405	For
JANUS INVESTMENT FUND	4,867,880	For
Goldman Sachs	4,537,110	For
Thornburg	4,053,698	For
Columbia Threadneedle	3,843,391	For
Calvert	3,611,912	For
DNP SELECT INCOME FUND INC	3,539,400	For
Dimensional	3,389,598	For
Equitable	3,294,398	For
INTERNATIONAL GROWTH & INCOME FUND	3,092,193	For
Legg Mason	2,268,119	For
American Century	2,127,608	For
Brighthouse	1,995,656	For

Showing the 25 largest of 93 asset managers. See all 93 in the interactive database.

14. Approve Scrip Dividends

CORPORATE GOVERNANCE

99.9% fund support · no official result

FOR 99.9%

The 93 asset managers below cast 99.9% of the shares they voted on this item FOR (574,448,627 for, 4,500 against).

FOR: 574,448,627 (100.0%)AGAINST: 4,500 (0.0%)

Largest asset managers voting on “Approve Scrip Dividends” at IBERDROLA SA, 2023-2024
Asset manager	For	Vote
Vanguard	161,212,211	For
BlackRock	147,926,459	For
Capital Group	57,793,670	For
Fidelity	41,559,607	For
MFS	26,877,413	For
TIAA	18,086,977	For
State Street	15,670,628	For
T. Rowe Price	9,040,738	For
Northern Trust	7,425,495	For
Six Circles Trust	7,417,017	For
DWS	6,045,737	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	5,953,436	For
Principal	5,412,405	For
JANUS INVESTMENT FUND	4,867,880	For
Goldman Sachs	4,537,110	For
Thornburg	4,053,698	For
Columbia Threadneedle	3,843,391	For
Calvert	3,611,912	For
DNP SELECT INCOME FUND INC	3,539,400	For
Dimensional	3,389,598	For
Equitable	3,294,398	For
INTERNATIONAL GROWTH & INCOME FUND	3,092,193	For
Legg Mason	2,268,119	For
American Century	2,127,608	For
Brighthouse	1,995,656	For

Showing the 25 largest of 93 asset managers. See all 93 in the interactive database.

15. Authorize Board to Ratify and Execute Approved Resolutions

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 93 asset managers below cast 100% of the shares they voted on this item FOR (574,448,787 for, 0 against).

FOR: 574,448,787 (100.0%)

Largest asset managers voting on “Authorize Board to Ratify and Execute Approved Resolutions” at IBERDROLA SA, 2023-2024
Asset manager	For	Vote
Vanguard	161,212,211	For
BlackRock	147,926,459	For
Capital Group	57,793,670	For
Fidelity	41,559,607	For
MFS	26,877,413	For
TIAA	18,086,977	For
State Street	15,670,628	For
T. Rowe Price	9,040,738	For
Northern Trust	7,425,495	For
Six Circles Trust	7,417,017	For
DWS	6,045,737	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	5,953,436	For
Principal	5,412,405	For
JANUS INVESTMENT FUND	4,867,880	For
Goldman Sachs	4,537,110	For
Thornburg	4,053,698	For
Columbia Threadneedle	3,843,391	For
Calvert	3,611,912	For
DNP SELECT INCOME FUND INC	3,539,400	For
Dimensional	3,389,598	For
Equitable	3,294,398	For
INTERNATIONAL GROWTH & INCOME FUND	3,092,193	For
Legg Mason	2,268,119	For
American Century	2,127,608	For
Brighthouse	1,995,656	For

Showing the 25 largest of 93 asset managers. See all 93 in the interactive database.

16. Authorize Increase in Capital up to 50 Percent via Issuance of Equity or Equity-Linked Securities, Excluding Preemptive Rights of up to 10 Percent

CAPITAL STRUCTURE

99.8% fund support · no official result

FOR 99.8%

The 93 asset managers below cast 99.8% of the shares they voted on this item FOR (573,453,629 for, 995,253 against).

FOR: 573,453,629 (99.8%)AGAINST: 995,253 (0.2%)

Largest asset managers voting on “Authorize Increase in Capital up to 50 Percent via Issuance of Equity or Equity-Linked Securities, Excluding P” at IBERDROLA SA, 2023-2024
Asset manager	For	Against	Vote
Vanguard	160,838,483	373,728	For
BlackRock	147,926,459	0	For
Capital Group	57,793,670	0	For
Fidelity	41,559,607	0	For
MFS	26,877,413	0	For
TIAA	18,086,977	0	For
State Street	15,670,628	0	For
T. Rowe Price	9,040,738	0	For
Northern Trust	7,425,495	0	For
Six Circles Trust	7,417,017	0	For
DWS	6,045,737	0	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	5,953,436	0	For
Principal	5,412,405	0	For
JANUS INVESTMENT FUND	4,867,880	0	For
Goldman Sachs	4,537,110	0	For
Thornburg	4,053,698	0	For
Columbia Threadneedle	3,843,391	0	For
Calvert	3,611,912	0	For
DNP SELECT INCOME FUND INC	3,539,400	0	For
Dimensional	3,389,598	0	For
Equitable	3,294,398	0	For
INTERNATIONAL GROWTH & INCOME FUND	3,092,193	0	For
Legg Mason	2,268,119	0	For
American Century	2,127,608	0	For
Brighthouse	1,995,656	0	For

Showing the 25 largest of 93 asset managers. See all 93 in the interactive database.

17. Authorize Issuance of Convertible Bonds, Debentures, Warrants, and Other Debt Securities up to EUR 5 Billion with Exclusion of Preemptive Rights up to 10 Percent of Capital

CAPITAL STRUCTURE

99.5% fund support · no official result

FOR 99.5%

The 93 asset managers below cast 99.5% of the shares they voted on this item FOR (571,692,693 for, 2,756,189 against).

FOR: 571,692,693 (99.5%)AGAINST: 2,756,189 (0.5%)

Largest asset managers voting on “Authorize Issuance of Convertible Bonds, Debentures, Warrants, and Other Debt Securities up to EUR 5 Billion w” at IBERDROLA SA, 2023-2024
Asset manager	For	Against	Vote
Vanguard	160,838,483	373,728	For
BlackRock	147,926,459	0	For
Capital Group	57,793,670	0	For
Fidelity	41,559,607	0	For
MFS	26,877,413	0	For
TIAA	18,086,977	0	For
State Street	15,670,628	0	For
T. Rowe Price	9,040,738	0	For
Northern Trust	7,425,495	0	For
Six Circles Trust	7,417,017	0	For
DWS	6,045,737	0	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	5,953,436	0	For
Principal	5,412,405	0	For
JANUS INVESTMENT FUND	4,867,880	0	For
Goldman Sachs	4,537,110	0	For
Thornburg	4,053,698	0	For
Columbia Threadneedle	3,843,391	0	For
Calvert	3,611,912	0	For
DNP SELECT INCOME FUND INC	3,539,400	0	For
Dimensional	3,389,598	0	For
Equitable	1,872,947	1,421,451	For
INTERNATIONAL GROWTH & INCOME FUND	3,092,193	0	For
Legg Mason	2,268,119	0	For
American Century	2,127,608	0	For
Brighthouse	1,751,370	244,286	For

Showing the 25 largest of 93 asset managers. See all 93 in the interactive database.

18. Fix Number of Directors at 14

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 93 asset managers below cast 100% of the shares they voted on this item FOR (575,339,686 for, 0 against).

FOR: 575,339,686 (100.0%)

Largest asset managers voting on “Fix Number of Directors at 14” at IBERDROLA SA, 2023-2024
Asset manager	For	Vote
Vanguard	161,212,211	For
BlackRock	147,926,459	For
Capital Group	57,793,670	For
Fidelity	41,559,607	For
MFS	26,877,413	For
TIAA	18,086,977	For
State Street	15,670,628	For
T. Rowe Price	9,040,738	For
Northern Trust	7,425,495	For
Six Circles Trust	7,417,017	For
DWS	6,045,737	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	5,953,436	For
Principal	5,412,405	For
JANUS INVESTMENT FUND	4,867,880	For
Goldman Sachs	4,537,110	For
Thornburg	4,053,698	For
Columbia Threadneedle	3,843,391	For
Calvert	3,611,912	For
DNP SELECT INCOME FUND INC	3,539,400	For
Dimensional	3,389,598	For
Equitable	3,294,398	For
INTERNATIONAL GROWTH & INCOME FUND	3,092,193	For
Legg Mason	2,268,119	For
American Century	2,127,608	For
Brighthouse	1,995,656	For

Showing the 25 largest of 93 asset managers. See all 93 in the interactive database.

19. Reelect Inigo Victor de Oriol Ibarra as Director

DIRECTOR ELECTIONS

97% fund support · no official result

FOR 97%

The 93 asset managers below cast 97% of the shares they voted on this item FOR (558,470,587 for, 15,978,195 against).

FOR: 558,470,587 (97.2%)AGAINST: 15,978,195 (2.8%)

Largest asset managers voting on “Reelect Inigo Victor de Oriol Ibarra as Director” at IBERDROLA SA, 2023-2024
Asset manager	For	Against	Vote
Vanguard	161,212,211	0	For
BlackRock	147,926,459	0	For
Capital Group	57,793,670	0	For
Fidelity	41,559,607	0	For
MFS	26,877,413	0	For
TIAA	18,086,977	0	For
State Street	15,670,628	0	For
T. Rowe Price	9,040,738	0	For
Northern Trust	424,341	7,001,154	Against
Six Circles Trust	7,417,017	0	For
DWS	6,045,737	0	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	5,953,436	0	For
Principal	5,412,405	0	For
JANUS INVESTMENT FUND	4,867,880	0	For
Goldman Sachs	4,537,110	0	For
Thornburg	4,053,698	0	For
Columbia Threadneedle	3,843,391	0	For
Calvert	0	3,611,912	Against
DNP SELECT INCOME FUND INC	3,539,400	0	For
Dimensional	3,389,598	0	For
Equitable	3,294,398	0	For
INTERNATIONAL GROWTH & INCOME FUND	3,092,193	0	For
Legg Mason	2,268,119	0	For
American Century	0	2,127,608	Against
Brighthouse	1,995,656	0	For

Showing the 25 largest of 93 asset managers. See all 93 in the interactive database.

20. Reelect Nicola Mary Brewer as Director

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 100%

The 93 asset managers below cast 100% of the shares they voted on this item FOR (574,448,782 for, 0 against).

FOR: 574,448,782 (100.0%)

Largest asset managers voting on “Reelect Nicola Mary Brewer as Director” at IBERDROLA SA, 2023-2024
Asset manager	For	Vote
Vanguard	161,212,211	For
BlackRock	147,926,459	For
Capital Group	57,793,670	For
Fidelity	41,559,607	For
MFS	26,877,413	For
TIAA	18,086,977	For
State Street	15,670,628	For
T. Rowe Price	9,040,738	For
Northern Trust	7,425,495	For
Six Circles Trust	7,417,017	For
DWS	6,045,737	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	5,953,436	For
Principal	5,412,405	For
JANUS INVESTMENT FUND	4,867,880	For
Goldman Sachs	4,537,110	For
Thornburg	4,053,698	For
Columbia Threadneedle	3,843,391	For
Calvert	3,611,912	For
DNP SELECT INCOME FUND INC	3,539,400	For
Dimensional	3,389,598	For
Equitable	3,294,398	For
INTERNATIONAL GROWTH & INCOME FUND	3,092,193	For
Legg Mason	2,268,119	For
American Century	2,127,608	For
Brighthouse	1,995,656	For

Showing the 25 largest of 93 asset managers. See all 93 in the interactive database.

21. Reelect Regina Helena Jorge Nunes as Director

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 100%

The 93 asset managers below cast 100% of the shares they voted on this item FOR (574,448,782 for, 0 against).

FOR: 574,448,782 (100.0%)

Largest asset managers voting on “Reelect Regina Helena Jorge Nunes as Director” at IBERDROLA SA, 2023-2024
Asset manager	For	Vote
Vanguard	161,212,211	For
BlackRock	147,926,459	For
Capital Group	57,793,670	For
Fidelity	41,559,607	For
MFS	26,877,413	For
TIAA	18,086,977	For
State Street	15,670,628	For
T. Rowe Price	9,040,738	For
Northern Trust	7,425,495	For
Six Circles Trust	7,417,017	For
DWS	6,045,737	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	5,953,436	For
Principal	5,412,405	For
JANUS INVESTMENT FUND	4,867,880	For
Goldman Sachs	4,537,110	For
Thornburg	4,053,698	For
Columbia Threadneedle	3,843,391	For
Calvert	3,611,912	For
DNP SELECT INCOME FUND INC	3,539,400	For
Dimensional	3,389,598	For
Equitable	3,294,398	For
INTERNATIONAL GROWTH & INCOME FUND	3,092,193	For
Legg Mason	2,268,119	For
American Century	2,127,608	For
Brighthouse	1,995,656	For

Showing the 25 largest of 93 asset managers. See all 93 in the interactive database.

22. Renew Appointment of KPMG Auditores as Auditor

AUDIT-RELATED

100% fund support · no official result

FOR 100%

The 93 asset managers below cast 100% of the shares they voted on this item FOR (575,339,686 for, 0 against).

FOR: 575,339,686 (100.0%)

Largest asset managers voting on “Renew Appointment of KPMG Auditores as Auditor” at IBERDROLA SA, 2023-2024
Asset manager	For	Vote
Vanguard	161,212,211	For
BlackRock	147,926,459	For
Capital Group	57,793,670	For
Fidelity	41,559,607	For
MFS	26,877,413	For
TIAA	18,086,977	For
State Street	15,670,628	For
T. Rowe Price	9,040,738	For
Northern Trust	7,425,495	For
Six Circles Trust	7,417,017	For
DWS	6,045,737	For
CAUSEWAY CAPITAL MANAGEMENT TRUST	5,953,436	For
Principal	5,412,405	For
JANUS INVESTMENT FUND	4,867,880	For
Goldman Sachs	4,537,110	For
Thornburg	4,053,698	For
Columbia Threadneedle	3,843,391	For
Calvert	3,611,912	For
DNP SELECT INCOME FUND INC	3,539,400	For
Dimensional	3,389,598	For
Equitable	3,294,398	For
INTERNATIONAL GROWTH & INCOME FUND	3,092,193	For
Legg Mason	2,268,119	For
American Century	2,127,608	For
Brighthouse	1,995,656	For

Showing the 25 largest of 93 asset managers. See all 93 in the interactive database.

23. DIRECTOR REMUNERATION POLICY

SECTION 14A SAY-ON-PAY VOTES

Combines 2 wordings of this item as funds reported it.

99.3% fund support · no official result

FOR 98%

The 31 asset managers below cast 99.3% of the shares they voted on this item FOR (21,471,714 for, 137,059 against).

FOR: 21,471,714 (98.0%)AGAINST: 137,059 (0.6%)ABSTAIN: 296,083 (1.4%)

Largest asset managers voting on “DIRECTOR REMUNERATION POLICY” at IBERDROLA SA, 2023-2024
Asset manager	For	Against	Abstain	Vote
JPMorgan	7,726,695	0	0	For
John Hancock	4,140,223	0	0	For
Natixis	2,506,321	0	0	For
Jackson National	2,106,431	0	0	For
NEW ALTERNATIVES FUND	1,193,243	0	0	For
Gabelli	735,600	0	0	For
Allianz	530,591	0	0	For
Guardian Variable Products Trust	441,988	0	0	For
Bridge Builder Trust	413,808	0	0	For
Investment Managers Series Trust	366,188	0	0	For
LOCKHEED MARTIN INVESTMENT MANAGEMENT CO	341,106	0	0	For
CULLEN FUNDS TRUST	318,858	0	0	For
Apollo Management Holdings, L.P.	0	0	294,726	Abstain
Series Portfolios Trust	140,893	0	0	For
CARILLON SERIES TRUST	138,682	0	0	For
Northern Lights Fund Trust IV	0	137,059	0	Against
SATURNA INVESTMENT TRUST	104,317	0	0	For
Cambria ETF Trust	76,053	0	0	For
TIMOTHY PLAN	58,955	0	0	For
TRUST FOR PROFESSIONAL MANAGERS	51,124	0	0	For
Pacer Funds Trust	49,676	0	0	For
Janney Montgomery Scott LLC	13,510	0	0	For
CANTOR FITZGERALD INFRASTRUCTURE FUND	6,675	0	0	For
MITCHELL & PAHL PRIVATE WEALTH, LLC	6,206	0	0	For
GPS Funds I	2,519	0	0	For

Showing the 25 largest of 31 asset managers. See all 31 in the interactive database.

24. AMENDMENT OF ARTICLES 10, 11, 12, 14, 16, 19, 20, 21, 22, 23, 27 AND 40 OF THE REGULATIONS FOR THE GENERAL SHAREHOLDERS MEETING IN ORDER TO REVISE THE RULES GOVERNING ATTENDANCE AT THE GENERAL SHAREHOLDERS MEETING

CORPORATE GOVERNANCE

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.9%

The 26 asset managers below cast 100% of the shares they voted on this item FOR (21,247,720 for, 0 against).

FOR: 21,247,720 (100.0%)ABSTAIN: 1,357 (0.0%)

Largest asset managers voting on “AMENDMENT OF ARTICLES 10, 11, 12, 14, 16, 19, 20, 21, 22, 23, 27 AND 40 OF THE REGULATIONS FOR THE GENERAL SHA” at IBERDROLA SA, 2023-2024
Asset manager	For	Abstain	Vote
JPMorgan	7,726,695	0	For
John Hancock	4,140,223	0	For
Natixis	2,506,321	0	For
Jackson National	2,106,431	0	For
NEW ALTERNATIVES FUND	1,193,243	0	For
Gabelli	735,600	0	For
Allianz	530,591	0	For
Guardian Variable Products Trust	441,988	0	For
Bridge Builder Trust	413,808	0	For
Investment Managers Series Trust	366,188	0	For
CULLEN FUNDS TRUST	318,858	0	For
Series Portfolios Trust	140,893	0	For
CARILLON SERIES TRUST	138,682	0	For
Northern Lights Fund Trust IV	137,059	0	For
SATURNA INVESTMENT TRUST	104,317	0	For
Cambria ETF Trust	76,053	0	For
TIMOTHY PLAN	58,955	0	For
TRUST FOR PROFESSIONAL MANAGERS	51,124	0	For
Pacer Funds Trust	49,676	0	For
CANTOR FITZGERALD INFRASTRUCTURE FUND	6,675	0	For
GPS Funds I	2,519	0	For
MUTUAL FUND SERIES TRUST	0	1,357	Abstain
Boltwood Capital Management	600	0	For
Amplify ETF Trust	569	0	For
CITY NATIONAL ROCHDALE FUNDS	482	0	For

Showing the 25 largest of 26 asset managers. See all 26 in the interactive database.

25. ANNUAL FINANCIAL STATEMENTS 2023

OTHER

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.9%

The 26 asset managers below cast 100% of the shares they voted on this item FOR (21,247,720 for, 0 against).

FOR: 21,247,720 (100.0%)ABSTAIN: 1,357 (0.0%)

Largest asset managers voting on “ANNUAL FINANCIAL STATEMENTS 2023” at IBERDROLA SA, 2023-2024
Asset manager	For	Abstain	Vote
JPMorgan	7,726,695	0	For
John Hancock	4,140,223	0	For
Natixis	2,506,321	0	For
Jackson National	2,106,431	0	For
NEW ALTERNATIVES FUND	1,193,243	0	For
Gabelli	735,600	0	For
Allianz	530,591	0	For
Guardian Variable Products Trust	441,988	0	For
Bridge Builder Trust	413,808	0	For
Investment Managers Series Trust	366,188	0	For
CULLEN FUNDS TRUST	318,858	0	For
Series Portfolios Trust	140,893	0	For
CARILLON SERIES TRUST	138,682	0	For
Northern Lights Fund Trust IV	137,059	0	For
SATURNA INVESTMENT TRUST	104,317	0	For
Cambria ETF Trust	76,053	0	For
TIMOTHY PLAN	58,955	0	For
TRUST FOR PROFESSIONAL MANAGERS	51,124	0	For
Pacer Funds Trust	49,676	0	For
CANTOR FITZGERALD INFRASTRUCTURE FUND	6,675	0	For
GPS Funds I	2,519	0	For
MUTUAL FUND SERIES TRUST	0	1,357	Abstain
Boltwood Capital Management	600	0	For
Amplify ETF Trust	569	0	For
CITY NATIONAL ROCHDALE FUNDS	482	0	For

Showing the 25 largest of 26 asset managers. See all 26 in the interactive database.

26. ALLOCATION OF PROFITS/LOSSES AND DIVIDEND FOR 2023: APPROVAL AND SUPPLEMENTARY PAYMENT, WHICH WILL BE MADE WITHIN THE FRAMEWORK OF THE IBERDROLA RETRIBUCION FLEXIBLE OPTIONAL DIVIDEND SYSTEM

CAPITAL STRUCTURE

Combines 3 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.9%

The 26 asset managers below cast 100% of the shares they voted on this item FOR (21,168,520 for, 0 against).

FOR: 21,168,520 (100.0%)ABSTAIN: 1,357 (0.0%)

Largest asset managers voting on “ALLOCATION OF PROFITS/LOSSES AND DIVIDEND FOR 2023: APPROVAL AND SUPPLEMENTARY PAYMENT, WHICH WILL BE MADE WIT” at IBERDROLA SA, 2023-2024
Asset manager	For	Abstain	Vote
JPMorgan	7,726,695	0	For
John Hancock	4,140,223	0	For
Natixis	2,506,321	0	For
Jackson National	2,106,431	0	For
NEW ALTERNATIVES FUND	1,193,243	0	For
Gabelli	685,600	0	For
Allianz	530,591	0	For
Guardian Variable Products Trust	441,988	0	For
Bridge Builder Trust	413,808	0	For
Investment Managers Series Trust	366,188	0	For
CULLEN FUNDS TRUST	318,858	0	For
Series Portfolios Trust	140,893	0	For
CARILLON SERIES TRUST	138,682	0	For
Northern Lights Fund Trust IV	137,059	0	For
SATURNA INVESTMENT TRUST	104,317	0	For
Cambria ETF Trust	76,053	0	For
TRUST FOR PROFESSIONAL MANAGERS	51,124	0	For
Pacer Funds Trust	49,676	0	For
TIMOTHY PLAN	29,755	0	For
CANTOR FITZGERALD INFRASTRUCTURE FUND	6,675	0	For
GPS Funds I	2,519	0	For
MUTUAL FUND SERIES TRUST	0	1,357	Abstain
Boltwood Capital Management	600	0	For
Amplify ETF Trust	569	0	For
CITY NATIONAL ROCHDALE FUNDS	482	0	For

Showing the 25 largest of 26 asset managers. See all 26 in the interactive database.

27. CORPORATE MANAGEMENT AND ACTIVITIES OF THE BOARD OF DIRECTORS IN 2023

CORPORATE GOVERNANCE

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.9%

The 26 asset managers below cast 100% of the shares they voted on this item FOR (21,247,720 for, 0 against).

FOR: 21,247,720 (100.0%)ABSTAIN: 1,357 (0.0%)

Largest asset managers voting on “CORPORATE MANAGEMENT AND ACTIVITIES OF THE BOARD OF DIRECTORS IN 2023” at IBERDROLA SA, 2023-2024
Asset manager	For	Abstain	Vote
JPMorgan	7,726,695	0	For
John Hancock	4,140,223	0	For
Natixis	2,506,321	0	For
Jackson National	2,106,431	0	For
NEW ALTERNATIVES FUND	1,193,243	0	For
Gabelli	735,600	0	For
Allianz	530,591	0	For
Guardian Variable Products Trust	441,988	0	For
Bridge Builder Trust	413,808	0	For
Investment Managers Series Trust	366,188	0	For
CULLEN FUNDS TRUST	318,858	0	For
Series Portfolios Trust	140,893	0	For
CARILLON SERIES TRUST	138,682	0	For
Northern Lights Fund Trust IV	137,059	0	For
SATURNA INVESTMENT TRUST	104,317	0	For
Cambria ETF Trust	76,053	0	For
TIMOTHY PLAN	58,955	0	For
TRUST FOR PROFESSIONAL MANAGERS	51,124	0	For
Pacer Funds Trust	49,676	0	For
CANTOR FITZGERALD INFRASTRUCTURE FUND	6,675	0	For
GPS Funds I	2,519	0	For
MUTUAL FUND SERIES TRUST	0	1,357	Abstain
Boltwood Capital Management	600	0	For
Amplify ETF Trust	569	0	For
CITY NATIONAL ROCHDALE FUNDS	482	0	For

Showing the 25 largest of 26 asset managers. See all 26 in the interactive database.

28. DELEGATION OF POWERS TO FORMALISE AND TO CONVERT THE RESOLUTIONS ADOPTED INTO A PUBLIC INSTRUMENT

CORPORATE GOVERNANCE

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.9%

The 26 asset managers below cast 100% of the shares they voted on this item FOR (21,247,720 for, 0 against).

FOR: 21,247,720 (100.0%)ABSTAIN: 1,357 (0.0%)

Largest asset managers voting on “DELEGATION OF POWERS TO FORMALISE AND TO CONVERT THE RESOLUTIONS ADOPTED INTO A PUBLIC INSTRUMENT” at IBERDROLA SA, 2023-2024
Asset manager	For	Abstain	Vote
JPMorgan	7,726,695	0	For
John Hancock	4,140,223	0	For
Natixis	2,506,321	0	For
Jackson National	2,106,431	0	For
NEW ALTERNATIVES FUND	1,193,243	0	For
Gabelli	735,600	0	For
Allianz	530,591	0	For
Guardian Variable Products Trust	441,988	0	For
Bridge Builder Trust	413,808	0	For
Investment Managers Series Trust	366,188	0	For
CULLEN FUNDS TRUST	318,858	0	For
Series Portfolios Trust	140,893	0	For
CARILLON SERIES TRUST	138,682	0	For
Northern Lights Fund Trust IV	137,059	0	For
SATURNA INVESTMENT TRUST	104,317	0	For
Cambria ETF Trust	76,053	0	For
TIMOTHY PLAN	58,955	0	For
TRUST FOR PROFESSIONAL MANAGERS	51,124	0	For
Pacer Funds Trust	49,676	0	For
CANTOR FITZGERALD INFRASTRUCTURE FUND	6,675	0	For
GPS Funds I	2,519	0	For
MUTUAL FUND SERIES TRUST	0	1,357	Abstain
Boltwood Capital Management	600	0	For
Amplify ETF Trust	569	0	For
CITY NATIONAL ROCHDALE FUNDS	482	0	For

Showing the 25 largest of 26 asset managers. See all 26 in the interactive database.

29. DIRECTORS REPORTS 2023

OTHER

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.9%

The 26 asset managers below cast 100% of the shares they voted on this item FOR (21,247,720 for, 0 against).

FOR: 21,247,720 (100.0%)ABSTAIN: 1,357 (0.0%)

Largest asset managers voting on “DIRECTORS REPORTS 2023” at IBERDROLA SA, 2023-2024
Asset manager	For	Abstain	Vote
JPMorgan	7,726,695	0	For
John Hancock	4,140,223	0	For
Natixis	2,506,321	0	For
Jackson National	2,106,431	0	For
NEW ALTERNATIVES FUND	1,193,243	0	For
Gabelli	735,600	0	For
Allianz	530,591	0	For
Guardian Variable Products Trust	441,988	0	For
Bridge Builder Trust	413,808	0	For
Investment Managers Series Trust	366,188	0	For
CULLEN FUNDS TRUST	318,858	0	For
Series Portfolios Trust	140,893	0	For
CARILLON SERIES TRUST	138,682	0	For
Northern Lights Fund Trust IV	137,059	0	For
SATURNA INVESTMENT TRUST	104,317	0	For
Cambria ETF Trust	76,053	0	For
TIMOTHY PLAN	58,955	0	For
TRUST FOR PROFESSIONAL MANAGERS	51,124	0	For
Pacer Funds Trust	49,676	0	For
CANTOR FITZGERALD INFRASTRUCTURE FUND	6,675	0	For
GPS Funds I	2,519	0	For
MUTUAL FUND SERIES TRUST	0	1,357	Abstain
Boltwood Capital Management	600	0	For
Amplify ETF Trust	569	0	For
CITY NATIONAL ROCHDALE FUNDS	482	0	For

Showing the 25 largest of 26 asset managers. See all 26 in the interactive database.

30. ENGAGEMENT DIVIDEND: APPROVAL AND PAYMENT

CAPITAL STRUCTURE

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.9%

The 26 asset managers below cast 100% of the shares they voted on this item FOR (21,247,720 for, 0 against).

FOR: 21,247,720 (100.0%)ABSTAIN: 1,357 (0.0%)

Largest asset managers voting on “ENGAGEMENT DIVIDEND: APPROVAL AND PAYMENT” at IBERDROLA SA, 2023-2024
Asset manager	For	Abstain	Vote
JPMorgan	7,726,695	0	For
John Hancock	4,140,223	0	For
Natixis	2,506,321	0	For
Jackson National	2,106,431	0	For
NEW ALTERNATIVES FUND	1,193,243	0	For
Gabelli	735,600	0	For
Allianz	530,591	0	For
Guardian Variable Products Trust	441,988	0	For
Bridge Builder Trust	413,808	0	For
Investment Managers Series Trust	366,188	0	For
CULLEN FUNDS TRUST	318,858	0	For
Series Portfolios Trust	140,893	0	For
CARILLON SERIES TRUST	138,682	0	For
Northern Lights Fund Trust IV	137,059	0	For
SATURNA INVESTMENT TRUST	104,317	0	For
Cambria ETF Trust	76,053	0	For
TIMOTHY PLAN	58,955	0	For
TRUST FOR PROFESSIONAL MANAGERS	51,124	0	For
Pacer Funds Trust	49,676	0	For
CANTOR FITZGERALD INFRASTRUCTURE FUND	6,675	0	For
GPS Funds I	2,519	0	For
MUTUAL FUND SERIES TRUST	0	1,357	Abstain
Boltwood Capital Management	600	0	For
Amplify ETF Trust	569	0	For
CITY NATIONAL ROCHDALE FUNDS	482	0	For

Showing the 25 largest of 26 asset managers. See all 26 in the interactive database.

31. RE-ELECTION OF MR INIGO VICTOR DE ORIOL IBARRA AS AN EXTERNAL DIRECTOR

DIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

99.6% fund support · no official result

FOR 99.6%

The 26 asset managers below cast 99.6% of the shares they voted on this item FOR (21,132,439 for, 70,281 against).

FOR: 21,132,439 (99.7%)AGAINST: 70,281 (0.3%)ABSTAIN: 1,357 (0.0%)

Largest asset managers voting on “RE-ELECTION OF MR INIGO VICTOR DE ORIOL IBARRA AS AN EXTERNAL DIRECTOR” at IBERDROLA SA, 2023-2024
Asset manager	For	Against	Abstain	Vote
JPMorgan	7,726,695	0	0	For
John Hancock	4,140,223	0	0	For
Natixis	2,506,321	0	0	For
Jackson National	2,106,431	0	0	For
NEW ALTERNATIVES FUND	1,193,243	0	0	For
Gabelli	690,600	0	0	For
Allianz	530,591	0	0	For
Guardian Variable Products Trust	441,988	0	0	For
Bridge Builder Trust	343,527	70,281	0	For
Investment Managers Series Trust	366,188	0	0	For
CULLEN FUNDS TRUST	318,858	0	0	For
Series Portfolios Trust	140,893	0	0	For
CARILLON SERIES TRUST	138,682	0	0	For
Northern Lights Fund Trust IV	137,059	0	0	For
SATURNA INVESTMENT TRUST	104,317	0	0	For
Cambria ETF Trust	76,053	0	0	For
TIMOTHY PLAN	58,955	0	0	For
TRUST FOR PROFESSIONAL MANAGERS	51,124	0	0	For
Pacer Funds Trust	49,676	0	0	For
CANTOR FITZGERALD INFRASTRUCTURE FUND	6,675	0	0	For
GPS Funds I	2,519	0	0	For
MUTUAL FUND SERIES TRUST	0	0	1,357	Abstain
Boltwood Capital Management	600	0	0	For
Amplify ETF Trust	569	0	0	For
CITY NATIONAL ROCHDALE FUNDS	482	0	0	For

Showing the 25 largest of 26 asset managers. See all 26 in the interactive database.

32. RE-ELECTION OF MS NICOLA MARY BREWER AS AN INDEPENDENT DIRECTOR

DIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.9%

The 26 asset managers below cast 100% of the shares they voted on this item FOR (21,247,720 for, 0 against).

FOR: 21,247,720 (100.0%)ABSTAIN: 1,357 (0.0%)

Largest asset managers voting on “RE-ELECTION OF MS NICOLA MARY BREWER AS AN INDEPENDENT DIRECTOR” at IBERDROLA SA, 2023-2024
Asset manager	For	Abstain	Vote
JPMorgan	7,726,695	0	For
John Hancock	4,140,223	0	For
Natixis	2,506,321	0	For
Jackson National	2,106,431	0	For
NEW ALTERNATIVES FUND	1,193,243	0	For
Gabelli	735,600	0	For
Allianz	530,591	0	For
Guardian Variable Products Trust	441,988	0	For
Bridge Builder Trust	413,808	0	For
Investment Managers Series Trust	366,188	0	For
CULLEN FUNDS TRUST	318,858	0	For
Series Portfolios Trust	140,893	0	For
CARILLON SERIES TRUST	138,682	0	For
Northern Lights Fund Trust IV	137,059	0	For
SATURNA INVESTMENT TRUST	104,317	0	For
Cambria ETF Trust	76,053	0	For
TIMOTHY PLAN	58,955	0	For
TRUST FOR PROFESSIONAL MANAGERS	51,124	0	For
Pacer Funds Trust	49,676	0	For
CANTOR FITZGERALD INFRASTRUCTURE FUND	6,675	0	For
GPS Funds I	2,519	0	For
MUTUAL FUND SERIES TRUST	0	1,357	Abstain
Boltwood Capital Management	600	0	For
Amplify ETF Trust	569	0	For
CITY NATIONAL ROCHDALE FUNDS	482	0	For

Showing the 25 largest of 26 asset managers. See all 26 in the interactive database.

33. RE-ELECTION OF MS REGINA HELENA JORGE NUNES AS AN INDEPENDENT DIRECTOR

DIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

99.3% fund support · no official result

FOR 99.3%

The 26 asset managers below cast 99.3% of the shares they voted on this item FOR (21,110,661 for, 137,059 against).

FOR: 21,110,661 (99.3%)AGAINST: 137,059 (0.6%)ABSTAIN: 1,357 (0.0%)

Largest asset managers voting on “RE-ELECTION OF MS REGINA HELENA JORGE NUNES AS AN INDEPENDENT DIRECTOR” at IBERDROLA SA, 2023-2024
Asset manager	For	Against	Abstain	Vote
JPMorgan	7,726,695	0	0	For
John Hancock	4,140,223	0	0	For
Natixis	2,506,321	0	0	For
Jackson National	2,106,431	0	0	For
NEW ALTERNATIVES FUND	1,193,243	0	0	For
Gabelli	735,600	0	0	For
Allianz	530,591	0	0	For
Guardian Variable Products Trust	441,988	0	0	For
Bridge Builder Trust	413,808	0	0	For
Investment Managers Series Trust	366,188	0	0	For
CULLEN FUNDS TRUST	318,858	0	0	For
Series Portfolios Trust	140,893	0	0	For
CARILLON SERIES TRUST	138,682	0	0	For
Northern Lights Fund Trust IV	0	137,059	0	Against
SATURNA INVESTMENT TRUST	104,317	0	0	For
Cambria ETF Trust	76,053	0	0	For
TIMOTHY PLAN	58,955	0	0	For
TRUST FOR PROFESSIONAL MANAGERS	51,124	0	0	For
Pacer Funds Trust	49,676	0	0	For
CANTOR FITZGERALD INFRASTRUCTURE FUND	6,675	0	0	For
GPS Funds I	2,519	0	0	For
MUTUAL FUND SERIES TRUST	0	0	1,357	Abstain
Boltwood Capital Management	600	0	0	For
Amplify ETF Trust	569	0	0	For
CITY NATIONAL ROCHDALE FUNDS	482	0	0	For

Showing the 25 largest of 26 asset managers. See all 26 in the interactive database.

34. RE-ELECTION OF KPMG AUDITORES, S.L. AS STATUTORY AUDITOR

AUDIT-RELATED

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.9%

The 26 asset managers below cast 100% of the shares they voted on this item FOR (21,218,520 for, 0 against).

FOR: 21,218,520 (100.0%)ABSTAIN: 1,357 (0.0%)

Largest asset managers voting on “RE-ELECTION OF KPMG AUDITORES, S.L. AS STATUTORY AUDITOR” at IBERDROLA SA, 2023-2024
Asset manager	For	Abstain	Vote
JPMorgan	7,726,695	0	For
John Hancock	4,140,223	0	For
Natixis	2,506,321	0	For
Jackson National	2,106,431	0	For
NEW ALTERNATIVES FUND	1,193,243	0	For
Gabelli	735,600	0	For
Allianz	530,591	0	For
Guardian Variable Products Trust	441,988	0	For
Bridge Builder Trust	413,808	0	For
Investment Managers Series Trust	366,188	0	For
CULLEN FUNDS TRUST	318,858	0	For
Series Portfolios Trust	140,893	0	For
CARILLON SERIES TRUST	138,682	0	For
Northern Lights Fund Trust IV	137,059	0	For
SATURNA INVESTMENT TRUST	104,317	0	For
Cambria ETF Trust	76,053	0	For
TRUST FOR PROFESSIONAL MANAGERS	51,124	0	For
Pacer Funds Trust	49,676	0	For
TIMOTHY PLAN	29,755	0	For
CANTOR FITZGERALD INFRASTRUCTURE FUND	6,675	0	For
GPS Funds I	2,519	0	For
MUTUAL FUND SERIES TRUST	0	1,357	Abstain
Boltwood Capital Management	600	0	For
Amplify ETF Trust	569	0	For
CITY NATIONAL ROCHDALE FUNDS	482	0	For

Showing the 25 largest of 26 asset managers. See all 26 in the interactive database.

35. SETTING OF THE NUMBER OF MEMBERS OF THE BOARD OF DIRECTORS AT FOURTEEN

AUDIT-RELATEDCORPORATE GOVERNANCE

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.9%

The 26 asset managers below cast 100% of the shares they voted on this item FOR (21,247,720 for, 0 against).

FOR: 21,247,720 (100.0%)ABSTAIN: 1,357 (0.0%)

Largest asset managers voting on “SETTING OF THE NUMBER OF MEMBERS OF THE BOARD OF DIRECTORS AT FOURTEEN” at IBERDROLA SA, 2023-2024
Asset manager	For	Abstain	Vote
JPMorgan	7,726,695	0	For
John Hancock	4,140,223	0	For
Natixis	2,506,321	0	For
Jackson National	2,106,431	0	For
NEW ALTERNATIVES FUND	1,193,243	0	For
Gabelli	735,600	0	For
Allianz	530,591	0	For
Guardian Variable Products Trust	441,988	0	For
Bridge Builder Trust	413,808	0	For
Investment Managers Series Trust	366,188	0	For
CULLEN FUNDS TRUST	318,858	0	For
Series Portfolios Trust	140,893	0	For
CARILLON SERIES TRUST	138,682	0	For
Northern Lights Fund Trust IV	137,059	0	For
SATURNA INVESTMENT TRUST	104,317	0	For
Cambria ETF Trust	76,053	0	For
TIMOTHY PLAN	58,955	0	For
TRUST FOR PROFESSIONAL MANAGERS	51,124	0	For
Pacer Funds Trust	49,676	0	For
CANTOR FITZGERALD INFRASTRUCTURE FUND	6,675	0	For
GPS Funds I	2,519	0	For
MUTUAL FUND SERIES TRUST	0	1,357	Abstain
Boltwood Capital Management	600	0	For
Amplify ETF Trust	569	0	For
CITY NATIONAL ROCHDALE FUNDS	482	0	For

Showing the 25 largest of 26 asset managers. See all 26 in the interactive database.

36. STATEMENT OF NON-FINANCIAL INFORMATION 2023

OTHER SOCIAL ISSUESOTHER

Combines 2 wordings of this item as funds reported it.

99.0% fund support · no official result

FOR 99.0%

The 26 asset managers below cast 99.0% of the shares they voted on this item FOR (21,051,706 for, 196,014 against).

FOR: 21,051,706 (99.1%)AGAINST: 196,014 (0.9%)ABSTAIN: 1,357 (0.0%)

Largest asset managers voting on “STATEMENT OF NON-FINANCIAL INFORMATION 2023” at IBERDROLA SA, 2023-2024
Asset manager	For	Against	Abstain	Vote
JPMorgan	7,726,695	0	0	For
John Hancock	4,140,223	0	0	For
Natixis	2,506,321	0	0	For
Jackson National	2,106,431	0	0	For
NEW ALTERNATIVES FUND	1,193,243	0	0	For
Gabelli	735,600	0	0	For
Allianz	530,591	0	0	For
Guardian Variable Products Trust	441,988	0	0	For
Bridge Builder Trust	413,808	0	0	For
Investment Managers Series Trust	366,188	0	0	For
CULLEN FUNDS TRUST	318,858	0	0	For
Series Portfolios Trust	140,893	0	0	For
CARILLON SERIES TRUST	138,682	0	0	For
Northern Lights Fund Trust IV	0	137,059	0	Against
SATURNA INVESTMENT TRUST	104,317	0	0	For
Cambria ETF Trust	76,053	0	0	For
TIMOTHY PLAN	0	58,955	0	Against
TRUST FOR PROFESSIONAL MANAGERS	51,124	0	0	For
Pacer Funds Trust	49,676	0	0	For
CANTOR FITZGERALD INFRASTRUCTURE FUND	6,675	0	0	For
GPS Funds I	2,519	0	0	For
MUTUAL FUND SERIES TRUST	0	0	1,357	Abstain
Boltwood Capital Management	600	0	0	For
Amplify ETF Trust	569	0	0	For
CITY NATIONAL ROCHDALE FUNDS	482	0	0	For

Showing the 25 largest of 26 asset managers. See all 26 in the interactive database.

37. Remuneration Policy

COMPENSATION

97% fund support · no official result

FOR 97%

The 23 asset managers below cast 97% of the shares they voted on this item FOR (88,770,323 for, 2,886,240 against).

FOR: 88,770,323 (96.8%)AGAINST: 2,886,240 (3.1%)ABSTAIN: 35,512 (0.0%)

Largest asset managers voting on “Remuneration Policy” at IBERDROLA SA, 2023-2024
Asset manager	For	Against	Abstain	Vote
Vanguard	45,119,597	0	0	For
Charles Schwab	18,927,397	0	0	For
Hartford	12,656,075	0	0	For
Prudential/PGIM	4,185,642	0	0	For
Union Investment Privatfonds GmbH	0	2,619,686	0	Against
IMPAX FUNDS SERIES TRUST I	1,669,173	0	0	For
Russell Investments	1,494,829	0	0	For
Federated Hermes	1,384,925	0	0	For
SEI	1,331,727	0	0	For
VanEck ETF Trust	1,056,521	0	0	For
Union Investment Institutional GmbH	0	266,554	0	Against
Genus Capital Management Inc.	256,000	0	0	For
Morgan Stanley	171,462	0	0	For
MassMutual	170,449	0	0	For
GUINNESS ATKINSON FUNDS	112,616	0	0	For
Brighthouse	68,505	0	35,512	For
Equitable	77,279	0	0	For
Neuberger Berman	56,555	0	0	For
Principal	8,585	0	0	For
Global X	7,908	0	0	For
Adviser Managed Trust	7,871	0	0	For
Northern Lights Fund Trust IV	6,400	0	0	For
ETFis Series Trust I	807	0	0	For

38. Remuneration Report

COMPENSATION

97% fund support · no official result

FOR 97%

The 23 asset managers below cast 97% of the shares they voted on this item FOR (88,657,707 for, 2,886,240 against).

FOR: 88,657,707 (96.7%)AGAINST: 2,886,240 (3.1%)ABSTAIN: 148,128 (0.2%)

Largest asset managers voting on “Remuneration Report” at IBERDROLA SA, 2023-2024
Asset manager	For	Against	Abstain	Vote
Vanguard	45,119,597	0	0	For
Charles Schwab	18,927,397	0	0	For
Hartford	12,656,075	0	0	For
Prudential/PGIM	4,185,642	0	0	For
Union Investment Privatfonds GmbH	0	2,619,686	0	Against
IMPAX FUNDS SERIES TRUST I	1,669,173	0	0	For
Russell Investments	1,494,829	0	0	For
Federated Hermes	1,384,925	0	0	For
SEI	1,331,727	0	0	For
VanEck ETF Trust	1,056,521	0	0	For
Union Investment Institutional GmbH	0	266,554	0	Against
Genus Capital Management Inc.	256,000	0	0	For
Morgan Stanley	171,462	0	0	For
MassMutual	170,449	0	0	For
GUINNESS ATKINSON FUNDS	0	0	112,616	Abstain
Brighthouse	68,505	0	35,512	For
Equitable	77,279	0	0	For
Neuberger Berman	56,555	0	0	For
Principal	8,585	0	0	For
Global X	7,908	0	0	For
Adviser Managed Trust	7,871	0	0	For
Northern Lights Fund Trust IV	6,400	0	0	For
ETFis Series Trust I	807	0	0	For

39. FIRST INCREASE IN CAPITAL BY MEANS OF A SCRIP ISSUE AT A MAXIMUM REFERENCE MARKET VALUE OF EUR2,600 MILLION IN ORDER TO IMPLEMENT THE IBERDROLA RETRIBUCION FLEXIBLE OPTIONAL DIVIDEND SYSTEM

CAPITAL STRUCTURE

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.9%

The 22 asset managers below cast 100% of the shares they voted on this item FOR (21,071,069 for, 0 against).

FOR: 21,071,069 (100.0%)ABSTAIN: 1,357 (0.0%)

Largest asset managers voting on “FIRST INCREASE IN CAPITAL BY MEANS OF A SCRIP ISSUE AT A MAXIMUM REFERENCE MARKET VALUE OF EUR2,600 MILLION IN” at IBERDROLA SA, 2023-2024
Asset manager	For	Abstain	Vote
JPMorgan	7,726,695	0	For
John Hancock	4,140,223	0	For
Natixis	2,506,321	0	For
Jackson National	2,106,431	0	For
NEW ALTERNATIVES FUND	1,193,243	0	For
Gabelli	646,600	0	For
Allianz	530,591	0	For
Guardian Variable Products Trust	441,988	0	For
Bridge Builder Trust	413,808	0	For
Investment Managers Series Trust	366,188	0	For
CULLEN FUNDS TRUST	318,858	0	For
Series Portfolios Trust	140,893	0	For
CARILLON SERIES TRUST	138,682	0	For
Northern Lights Fund Trust IV	137,059	0	For
SATURNA INVESTMENT TRUST	104,317	0	For
Cambria ETF Trust	76,053	0	For
Pacer Funds Trust	49,676	0	For
TIMOTHY PLAN	29,755	0	For
GPS Funds I	2,519	0	For
MUTUAL FUND SERIES TRUST	0	1,357	Abstain
Boltwood Capital Management	600	0	For
Amplify ETF Trust	569	0	For

40. SECOND INCREASE IN CAPITAL BY MEANS OF A SCRIP ISSUE AT A MAXIMUM REFERENCE MARKET VALUE OF EUR1,700 MILLION IN ORDER TO IMPLEMENT THE IBERDROLA RETRIBUCION FLEXIBLE OPTIONAL DIVIDEND SYSTEM

CAPITAL STRUCTURE

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.9%

The 22 asset managers below cast 100% of the shares they voted on this item FOR (21,071,069 for, 0 against).

FOR: 21,071,069 (100.0%)ABSTAIN: 1,357 (0.0%)

Largest asset managers voting on “SECOND INCREASE IN CAPITAL BY MEANS OF A SCRIP ISSUE AT A MAXIMUM REFERENCE MARKET VALUE OF EUR1,700 MILLION I” at IBERDROLA SA, 2023-2024
Asset manager	For	Abstain	Vote
JPMorgan	7,726,695	0	For
John Hancock	4,140,223	0	For
Natixis	2,506,321	0	For
Jackson National	2,106,431	0	For
NEW ALTERNATIVES FUND	1,193,243	0	For
Gabelli	646,600	0	For
Allianz	530,591	0	For
Guardian Variable Products Trust	441,988	0	For
Bridge Builder Trust	413,808	0	For
Investment Managers Series Trust	366,188	0	For
CULLEN FUNDS TRUST	318,858	0	For
Series Portfolios Trust	140,893	0	For
CARILLON SERIES TRUST	138,682	0	For
Northern Lights Fund Trust IV	137,059	0	For
SATURNA INVESTMENT TRUST	104,317	0	For
Cambria ETF Trust	76,053	0	For
Pacer Funds Trust	49,676	0	For
TIMOTHY PLAN	29,755	0	For
GPS Funds I	2,519	0	For
MUTUAL FUND SERIES TRUST	0	1,357	Abstain
Boltwood Capital Management	600	0	For
Amplify ETF Trust	569	0	For

Showing the 40 reported items with the widest manager coverage, of 77 in total. View every item.

Largest IBERDROLA SA shareholders voting in 2023-2024

Ranked by the number of IBERDROLA SA shares each manager voted on the most widely held ballot item of the 2023-2024 meeting.

Top IBERDROLA SA shareholders by shares voted, 2023-2024
#	Asset manager	Shares voted
1	JPMorgan	11,187,421
2	Northern Trust	8,860,746
3	Korea Investment CORP	4,458,913
4	John Hancock	4,140,223
5	BAILLIE GIFFORD & CO LTD	3,517,136
6	Natixis	3,490,359
7	1832 Asset Management L.P.	2,263,051
8	Jackson National	2,106,431
9	Siemens Fonds Invest GmbH	1,743,807
10	NEW ALTERNATIVES FUND	1,193,243

Shown as share counts, not percentages: no shares-outstanding figure has been matched to IBERDROLA SA for the 2023-2024 season, so there is no denominator to divide by.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. This page is a static snapshot rebuilt weekly on 04 October 2026; a live search always shows the current data.

At IBERDROLA SA's shareholder meeting held 2024-05-17, in the 2023-2024 proxy season, 262 asset managers reported how they voted in their SEC Form N-PX filings, covering 10,536 separate fund positions. Their filings are grouped here into 77 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. No official Form 8-K vote tally has been matched to this meeting, so this page states no certified outcome for its most widely held ballot item. On that item — Consultative vote on the Annual Director and Officer Remuneration Report 2023. — the reporting funds cast 99.0% of the shares they voted in favour (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side). That is the aggregate of those managers' own N-PX disclosures, not the company's certified result, and the funds are a subset of all shareholders.

IBERDROLA SA proxy season coverage: 2023-2024 (this page) · 2024-2025 · 2025-2026.