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Iberdrola SA 2025-2026 Proxy Voting Records

Compiled from SEC Form N-PX filings. Page generated 02 October 2026.

72Reported items
330Asset managers
11,198Fund votes
2026-05-29Meeting 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 2025-2026 meeting

Each item below shows how the 330 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 Report on Remuneration of Directors and Officers 2025".

SECTION 14A SAY-ON-PAY VOTES

Combines 5 wordings of this item as funds reported it.

93% fund support · no official result

FOR 93%

The 227 asset managers below cast 93% of the shares they voted on this item FOR (147,824,229 for, 10,901,496 against).

FOR: 147,824,229 (93.0%)AGAINST: 10,901,496 (6.9%)ABSTAIN: 165,481 (0.1%)

Largest asset managers voting on “Consultative vote on the "Annual Report on Remuneration of Directors and Officers 2025".” at Iberdrola SA, 2025-2026
Asset manager	For	Against	Abstain	Vote
BlackRock	86,677,259	678,452	409	For
Charles Schwab	23,126,376	0	0	For
Vanguard	4,459,399	7,836,525	0	Against
1832 Asset Management L.P.	4,695,880	0	0	For
Six Circles Trust	4,566,840	0	0	For
Korea Investment CORP	2,679,332	0	0	For
Bridge Builder Trust	2,306,273	0	0	For
Siemens Fonds Invest GmbH	2,058,983	0	0	For
John Hancock	1,564,877	0	0	For
Natixis	592,965	878,246	0	Against
Hartford	49,990	1,357,120	0	Against
HARBOR FUNDS	1,338,262	0	0	For
Jackson National	1,298,831	0	0	For
Russell Investments	1,280,709	0	0	For
Federated Hermes	950,893	0	0	For
Prudential/PGIM	934,940	0	0	For
Northern Trust	838,367	0	0	For
Cullen Capital Management, LLC	805,739	0	0	For
ENVESTNET ASSET MANAGEMENT INC	731,813	0	0	For
LOCKHEED MARTIN INVESTMENT MANAGEMENT CO	721,555	0	0	For
NEW ALTERNATIVES FUND	700,000	0	0	For
Edward D. Jones & Co., L.P.	543,332	0	0	For
CULLEN FUNDS TRUST	524,051	0	0	For
BAILLIE GIFFORD & CO LTD	505,722	0	0	For
CARILLON SERIES TRUST	430,777	0	0	For

Showing the 25 largest of 227 asset managers. See all 227 in the interactive database.

2. Advisory Vote on Remuneration Report

SECTION 14A SAY-ON-PAY VOTES

100% fund support · no official result

FOR 100%

The 91 asset managers below cast 100% of the shares they voted on this item FOR (984,986,588 for, 0 against).

FOR: 984,986,588 (100.0%)

Largest asset managers voting on “Advisory Vote on Remuneration Report” at Iberdrola SA, 2025-2026
Asset manager	For	Vote
BlackRock	322,003,754	For
Vanguard	214,445,985	For
Fidelity	124,476,610	For
Goldman Sachs	84,749,765	For
Capital Group	52,728,585	For
TIAA	26,952,519	For
APG Asset Management US Inc.	22,147,418	For
JPMorgan	19,618,740	For
EUPAC FUND	18,043,371	For
State Street	12,971,573	For
INTERNATIONAL GROWTH & INCOME FUND	7,261,078	For
DWS	6,792,310	For
Thornburg	6,392,645	For
Northern Trust	6,166,021	For
Invesco	4,776,779	For
Advisors' Inner Circle Fund III	4,680,230	For
American Century	3,489,013	For
First Trust	3,330,283	For
Dimensional	3,096,566	For
Perpetual Americas Funds Trust	2,851,323	For
MFS	2,583,436	For
Legg Mason	2,487,261	For
Putnam	1,910,716	For
WILLIAM BLAIR FUNDS	1,880,386	For
Calvert	1,718,507	For

Showing the 25 largest of 91 asset managers. See all 91 in the interactive database.

3. Approve Remuneration Policy

SECTION 14A SAY-ON-PAY VOTES

100% fund support · no official result

FOR 99.9%

The 90 asset managers below cast 100% of the shares they voted on this item FOR (953,065,428 for, 0 against).

FOR: 953,065,428 (100.0%)ABSTAIN: 70,995 (0.0%)

Largest asset managers voting on “Approve Remuneration Policy” at Iberdrola SA, 2025-2026
Asset manager	For	Vote
BlackRock	315,268,898	For
Vanguard	214,445,985	For
Fidelity	124,476,610	For
Goldman Sachs	84,749,765	For
Capital Group	52,728,585	For
TIAA	26,952,519	For
EUPAC FUND	18,043,371	For
State Street	12,971,573	For
JPMorgan	10,352,858	For
INTERNATIONAL GROWTH & INCOME FUND	7,261,078	For
DWS	6,792,310	For
Thornburg	6,392,645	For
Northern Trust	6,166,021	For
GROUPAMA ASSET MANAGMENT	6,015,414	For
Invesco	4,776,779	For
Advisors' Inner Circle Fund III	4,680,230	For
American Century	3,489,013	For
First Trust	3,330,283	For
Dimensional	3,096,566	For
Perpetual Americas Funds Trust	2,851,323	For
MFS	2,583,436	For
Legg Mason	2,487,261	For
Putnam	1,910,716	For
WILLIAM BLAIR FUNDS	1,880,386	For
Calvert	1,718,507	For

Showing the 25 largest of 90 asset managers. See all 90 in the interactive database.

4. Approve Long-Term Incentive Plan

SECTION 14A SAY-ON-PAY VOTES

93% fund support · no official result

FOR 93%7%

The 88 asset managers below cast 93% of the shares they voted on this item FOR (746,203,656 for, 58,585,588 against).

FOR: 746,203,656 (92.7%)AGAINST: 58,585,588 (7.3%)ABSTAIN: 70,995 (0.0%)

Largest asset managers voting on “Approve Long-Term Incentive Plan” at Iberdrola SA, 2025-2026
Asset manager	For	Against	Vote
Vanguard	214,445,985	0	For
BlackRock	173,291,268	0	For
Fidelity	124,476,610	0	For
Goldman Sachs	84,693,951	55,814	For
Capital Group	52,728,585	0	For
TIAA	26,952,519	0	For
EUPAC FUND	18,043,371	0	For
State Street	0	12,971,573	Against
JPMorgan	10,352,858	0	For
INTERNATIONAL GROWTH & INCOME FUND	7,261,078	0	For
DWS	0	6,792,310	Against
Thornburg	0	6,392,645	Against
Northern Trust	5,822,490	343,531	For
Invesco	4,776,779	0	For
Advisors' Inner Circle Fund III	4,298,387	381,843	For
American Century	1,091,523	2,397,490	Against
First Trust	0	3,330,283	Against
Dimensional	0	3,096,566	Against
Perpetual Americas Funds Trust	0	2,851,323	Against
MFS	2,583,436	0	For
Legg Mason	0	2,487,261	Against
Putnam	1,910,716	0	For
WILLIAM BLAIR FUNDS	1,880,386	0	For
Calvert	0	1,718,507	Against
Columbia Threadneedle	1,605,134	0	For

Showing the 25 largest of 88 asset managers. See all 88 in the interactive database.

5. Appoint PricewaterhouseCoopers as Auditor for FY 2027, 2028 and 2029

AUDIT-RELATED

99.9% fund support · no official result

FOR 99.9%

The 86 asset managers below cast 99.9% of the shares they voted on this item FOR (804,286,884 for, 1,489 against).

FOR: 804,286,884 (100.0%)AGAINST: 1,489 (0.0%)

Largest asset managers voting on “Appoint PricewaterhouseCoopers as Auditor for FY 2027, 2028 and 2029” at Iberdrola SA, 2025-2026
Asset manager	For	Vote
Vanguard	214,445,985	For
BlackRock	173,291,268	For
Fidelity	124,476,610	For
Goldman Sachs	84,749,765	For
Capital Group	52,728,585	For
TIAA	26,952,519	For
EUPAC FUND	18,043,371	For
State Street	12,971,573	For
JPMorgan	10,352,858	For
INTERNATIONAL GROWTH & INCOME FUND	7,261,078	For
DWS	6,792,310	For
Thornburg	6,392,645	For
Northern Trust	6,166,021	For
Invesco	4,776,779	For
Advisors' Inner Circle Fund III	4,680,230	For
American Century	3,489,013	For
First Trust	3,330,283	For
Dimensional	3,096,566	For
Perpetual Americas Funds Trust	2,851,323	For
MFS	2,583,436	For
Legg Mason	2,487,261	For
Putnam	1,910,716	For
WILLIAM BLAIR FUNDS	1,880,386	For
Calvert	1,718,507	For
Columbia Threadneedle	1,605,134	For

Showing the 25 largest of 86 asset managers. See all 86 in the interactive database.

6. Approve Allocation of Income and Dividends

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 86 asset managers below cast 100% of the shares they voted on this item FOR (804,288,373 for, 0 against).

FOR: 804,288,373 (100.0%)

Largest asset managers voting on “Approve Allocation of Income and Dividends” at Iberdrola SA, 2025-2026
Asset manager	For	Vote
Vanguard	214,445,985	For
BlackRock	173,291,268	For
Fidelity	124,476,610	For
Goldman Sachs	84,749,765	For
Capital Group	52,728,585	For
TIAA	26,952,519	For
EUPAC FUND	18,043,371	For
State Street	12,971,573	For
JPMorgan	10,352,858	For
INTERNATIONAL GROWTH & INCOME FUND	7,261,078	For
DWS	6,792,310	For
Thornburg	6,392,645	For
Northern Trust	6,166,021	For
Invesco	4,776,779	For
Advisors' Inner Circle Fund III	4,680,230	For
American Century	3,489,013	For
First Trust	3,330,283	For
Dimensional	3,096,566	For
Perpetual Americas Funds Trust	2,851,323	For
MFS	2,583,436	For
Legg Mason	2,487,261	For
Putnam	1,910,716	For
WILLIAM BLAIR FUNDS	1,880,386	For
Calvert	1,718,507	For
Columbia Threadneedle	1,605,134	For

Showing the 25 largest of 86 asset managers. See all 86 in the interactive database.

7. Approve Consolidated and Standalone Financial Statements

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 86 asset managers below cast 100% of the shares they voted on this item FOR (804,288,373 for, 0 against).

FOR: 804,288,373 (100.0%)

Largest asset managers voting on “Approve Consolidated and Standalone Financial Statements” at Iberdrola SA, 2025-2026
Asset manager	For	Vote
Vanguard	214,445,985	For
BlackRock	173,291,268	For
Fidelity	124,476,610	For
Goldman Sachs	84,749,765	For
Capital Group	52,728,585	For
TIAA	26,952,519	For
EUPAC FUND	18,043,371	For
State Street	12,971,573	For
JPMorgan	10,352,858	For
INTERNATIONAL GROWTH & INCOME FUND	7,261,078	For
DWS	6,792,310	For
Thornburg	6,392,645	For
Northern Trust	6,166,021	For
Invesco	4,776,779	For
Advisors' Inner Circle Fund III	4,680,230	For
American Century	3,489,013	For
First Trust	3,330,283	For
Dimensional	3,096,566	For
Perpetual Americas Funds Trust	2,851,323	For
MFS	2,583,436	For
Legg Mason	2,487,261	For
Putnam	1,910,716	For
WILLIAM BLAIR FUNDS	1,880,386	For
Calvert	1,718,507	For
Columbia Threadneedle	1,605,134	For

Showing the 25 largest of 86 asset managers. See all 86 in the interactive database.

8. Approve Consolidated and Standalone Management Reports

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 86 asset managers below cast 100% of the shares they voted on this item FOR (804,288,373 for, 0 against).

FOR: 804,288,373 (100.0%)

Largest asset managers voting on “Approve Consolidated and Standalone Management Reports” at Iberdrola SA, 2025-2026
Asset manager	For	Vote
Vanguard	214,445,985	For
BlackRock	173,291,268	For
Fidelity	124,476,610	For
Goldman Sachs	84,749,765	For
Capital Group	52,728,585	For
TIAA	26,952,519	For
EUPAC FUND	18,043,371	For
State Street	12,971,573	For
JPMorgan	10,352,858	For
INTERNATIONAL GROWTH & INCOME FUND	7,261,078	For
DWS	6,792,310	For
Thornburg	6,392,645	For
Northern Trust	6,166,021	For
Invesco	4,776,779	For
Advisors' Inner Circle Fund III	4,680,230	For
American Century	3,489,013	For
First Trust	3,330,283	For
Dimensional	3,096,566	For
Perpetual Americas Funds Trust	2,851,323	For
MFS	2,583,436	For
Legg Mason	2,487,261	For
Putnam	1,910,716	For
WILLIAM BLAIR FUNDS	1,880,386	For
Calvert	1,718,507	For
Columbia Threadneedle	1,605,134	For

Showing the 25 largest of 86 asset managers. See all 86 in the interactive database.

9. Approve Discharge of Board

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 86 asset managers below cast 100% of the shares they voted on this item FOR (804,288,373 for, 0 against).

FOR: 804,288,373 (100.0%)

Largest asset managers voting on “Approve Discharge of Board” at Iberdrola SA, 2025-2026
Asset manager	For	Vote
Vanguard	214,445,985	For
BlackRock	173,291,268	For
Fidelity	124,476,610	For
Goldman Sachs	84,749,765	For
Capital Group	52,728,585	For
TIAA	26,952,519	For
EUPAC FUND	18,043,371	For
State Street	12,971,573	For
JPMorgan	10,352,858	For
INTERNATIONAL GROWTH & INCOME FUND	7,261,078	For
DWS	6,792,310	For
Thornburg	6,392,645	For
Northern Trust	6,166,021	For
Invesco	4,776,779	For
Advisors' Inner Circle Fund III	4,680,230	For
American Century	3,489,013	For
First Trust	3,330,283	For
Dimensional	3,096,566	For
Perpetual Americas Funds Trust	2,851,323	For
MFS	2,583,436	For
Legg Mason	2,487,261	For
Putnam	1,910,716	For
WILLIAM BLAIR FUNDS	1,880,386	For
Calvert	1,718,507	For
Columbia Threadneedle	1,605,134	For

Showing the 25 largest of 86 asset managers. See all 86 in the interactive database.

10. Approve Engagement Dividend

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 86 asset managers below cast 100% of the shares they voted on this item FOR (804,288,373 for, 0 against).

FOR: 804,288,373 (100.0%)

Largest asset managers voting on “Approve Engagement Dividend” at Iberdrola SA, 2025-2026
Asset manager	For	Vote
Vanguard	214,445,985	For
BlackRock	173,291,268	For
Fidelity	124,476,610	For
Goldman Sachs	84,749,765	For
Capital Group	52,728,585	For
TIAA	26,952,519	For
EUPAC FUND	18,043,371	For
State Street	12,971,573	For
JPMorgan	10,352,858	For
INTERNATIONAL GROWTH & INCOME FUND	7,261,078	For
DWS	6,792,310	For
Thornburg	6,392,645	For
Northern Trust	6,166,021	For
Invesco	4,776,779	For
Advisors' Inner Circle Fund III	4,680,230	For
American Century	3,489,013	For
First Trust	3,330,283	For
Dimensional	3,096,566	For
Perpetual Americas Funds Trust	2,851,323	For
MFS	2,583,436	For
Legg Mason	2,487,261	For
Putnam	1,910,716	For
WILLIAM BLAIR FUNDS	1,880,386	For
Calvert	1,718,507	For
Columbia Threadneedle	1,605,134	For

Showing the 25 largest of 86 asset managers. See all 86 in the interactive database.

11. Approve Non-Financial Information Statement

CORPORATE GOVERNANCEENVIRONMENT OR CLIMATEHUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCEDIVERSITY, EQUITY, AND INCLUSION

100% fund support · no official result

FOR 99.1%

The 86 asset managers below cast 100% of the shares they voted on this item FOR (797,282,038 for, 0 against).

FOR: 797,282,038 (99.1%)ABSTAIN: 7,006,335 (0.9%)

Largest asset managers voting on “Approve Non-Financial Information Statement” at Iberdrola SA, 2025-2026
Asset manager	For	Abstain	Vote
Vanguard	214,445,985	0	For
BlackRock	173,291,268	0	For
Fidelity	124,476,610	0	For
Goldman Sachs	84,749,765	0	For
Capital Group	52,728,585	0	For
TIAA	26,952,519	0	For
EUPAC FUND	18,043,371	0	For
State Street	12,971,573	0	For
JPMorgan	10,352,858	0	For
INTERNATIONAL GROWTH & INCOME FUND	7,261,078	0	For
DWS	6,792,310	0	For
Thornburg	696,748	5,695,897	Abstain
Northern Trust	6,166,021	0	For
Invesco	4,776,779	0	For
Advisors' Inner Circle Fund III	4,680,230	0	For
American Century	3,489,013	0	For
First Trust	3,330,283	0	For
Dimensional	3,096,566	0	For
Perpetual Americas Funds Trust	2,851,323	0	For
MFS	2,583,436	0	For
Legg Mason	2,487,261	0	For
Putnam	1,910,716	0	For
WILLIAM BLAIR FUNDS	1,880,386	0	For
Calvert	1,718,507	0	For
Columbia Threadneedle	1,605,134	0	For

Showing the 25 largest of 86 asset managers. See all 86 in the interactive database.

12. Approve Reclassification of Capitalization Reserves to Voluntary Reserves

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 86 asset managers below cast 100% of the shares they voted on this item FOR (804,288,373 for, 0 against).

FOR: 804,288,373 (100.0%)

Largest asset managers voting on “Approve Reclassification of Capitalization Reserves to Voluntary Reserves” at Iberdrola SA, 2025-2026
Asset manager	For	Vote
Vanguard	214,445,985	For
BlackRock	173,291,268	For
Fidelity	124,476,610	For
Goldman Sachs	84,749,765	For
Capital Group	52,728,585	For
TIAA	26,952,519	For
EUPAC FUND	18,043,371	For
State Street	12,971,573	For
JPMorgan	10,352,858	For
INTERNATIONAL GROWTH & INCOME FUND	7,261,078	For
DWS	6,792,310	For
Thornburg	6,392,645	For
Northern Trust	6,166,021	For
Invesco	4,776,779	For
Advisors' Inner Circle Fund III	4,680,230	For
American Century	3,489,013	For
First Trust	3,330,283	For
Dimensional	3,096,566	For
Perpetual Americas Funds Trust	2,851,323	For
MFS	2,583,436	For
Legg Mason	2,487,261	For
Putnam	1,910,716	For
WILLIAM BLAIR FUNDS	1,880,386	For
Calvert	1,718,507	For
Columbia Threadneedle	1,605,134	For

Showing the 25 largest of 86 asset managers. See all 86 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 86 asset managers below cast 100% of the shares they voted on this item FOR (804,288,373 for, 0 against).

FOR: 804,288,373 (100.0%)

Largest asset managers voting on “Approve Reduction in Share Capital via Cancellation of Treasury Shares” at Iberdrola SA, 2025-2026
Asset manager	For	Vote
Vanguard	214,445,985	For
BlackRock	173,291,268	For
Fidelity	124,476,610	For
Goldman Sachs	84,749,765	For
Capital Group	52,728,585	For
TIAA	26,952,519	For
EUPAC FUND	18,043,371	For
State Street	12,971,573	For
JPMorgan	10,352,858	For
INTERNATIONAL GROWTH & INCOME FUND	7,261,078	For
DWS	6,792,310	For
Thornburg	6,392,645	For
Northern Trust	6,166,021	For
Invesco	4,776,779	For
Advisors' Inner Circle Fund III	4,680,230	For
American Century	3,489,013	For
First Trust	3,330,283	For
Dimensional	3,096,566	For
Perpetual Americas Funds Trust	2,851,323	For
MFS	2,583,436	For
Legg Mason	2,487,261	For
Putnam	1,910,716	For
WILLIAM BLAIR FUNDS	1,880,386	For
Calvert	1,718,507	For
Columbia Threadneedle	1,605,134	For

Showing the 25 largest of 86 asset managers. See all 86 in the interactive database.

14. Approve Scrip Dividends

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 86 asset managers below cast 100% of the shares they voted on this item FOR (804,288,373 for, 0 against).

FOR: 804,288,373 (100.0%)

Largest asset managers voting on “Approve Scrip Dividends” at Iberdrola SA, 2025-2026
Asset manager	For	Vote
Vanguard	214,445,985	For
BlackRock	173,291,268	For
Fidelity	124,476,610	For
Goldman Sachs	84,749,765	For
Capital Group	52,728,585	For
TIAA	26,952,519	For
EUPAC FUND	18,043,371	For
State Street	12,971,573	For
JPMorgan	10,352,858	For
INTERNATIONAL GROWTH & INCOME FUND	7,261,078	For
DWS	6,792,310	For
Thornburg	6,392,645	For
Northern Trust	6,166,021	For
Invesco	4,776,779	For
Advisors' Inner Circle Fund III	4,680,230	For
American Century	3,489,013	For
First Trust	3,330,283	For
Dimensional	3,096,566	For
Perpetual Americas Funds Trust	2,851,323	For
MFS	2,583,436	For
Legg Mason	2,487,261	For
Putnam	1,910,716	For
WILLIAM BLAIR FUNDS	1,880,386	For
Calvert	1,718,507	For
Columbia Threadneedle	1,605,134	For

Showing the 25 largest of 86 asset managers. See all 86 in the interactive database.

15. Authorize Board to Ratify and Execute Approved Resolutions

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 86 asset managers below cast 100% of the shares they voted on this item FOR (804,288,373 for, 0 against).

FOR: 804,288,373 (100.0%)

Largest asset managers voting on “Authorize Board to Ratify and Execute Approved Resolutions” at Iberdrola SA, 2025-2026
Asset manager	For	Vote
Vanguard	214,445,985	For
BlackRock	173,291,268	For
Fidelity	124,476,610	For
Goldman Sachs	84,749,765	For
Capital Group	52,728,585	For
TIAA	26,952,519	For
EUPAC FUND	18,043,371	For
State Street	12,971,573	For
JPMorgan	10,352,858	For
INTERNATIONAL GROWTH & INCOME FUND	7,261,078	For
DWS	6,792,310	For
Thornburg	6,392,645	For
Northern Trust	6,166,021	For
Invesco	4,776,779	For
Advisors' Inner Circle Fund III	4,680,230	For
American Century	3,489,013	For
First Trust	3,330,283	For
Dimensional	3,096,566	For
Perpetual Americas Funds Trust	2,851,323	For
MFS	2,583,436	For
Legg Mason	2,487,261	For
Putnam	1,910,716	For
WILLIAM BLAIR FUNDS	1,880,386	For
Calvert	1,718,507	For
Columbia Threadneedle	1,605,134	For

Showing the 25 largest of 86 asset managers. See all 86 in the interactive database.

16. Authorize Share Repurchase Program

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 86 asset managers below cast 100% of the shares they voted on this item FOR (804,288,373 for, 0 against).

FOR: 804,288,373 (100.0%)

Largest asset managers voting on “Authorize Share Repurchase Program” at Iberdrola SA, 2025-2026
Asset manager	For	Vote
Vanguard	214,445,985	For
BlackRock	173,291,268	For
Fidelity	124,476,610	For
Goldman Sachs	84,749,765	For
Capital Group	52,728,585	For
TIAA	26,952,519	For
EUPAC FUND	18,043,371	For
State Street	12,971,573	For
JPMorgan	10,352,858	For
INTERNATIONAL GROWTH & INCOME FUND	7,261,078	For
DWS	6,792,310	For
Thornburg	6,392,645	For
Northern Trust	6,166,021	For
Invesco	4,776,779	For
Advisors' Inner Circle Fund III	4,680,230	For
American Century	3,489,013	For
First Trust	3,330,283	For
Dimensional	3,096,566	For
Perpetual Americas Funds Trust	2,851,323	For
MFS	2,583,436	For
Legg Mason	2,487,261	For
Putnam	1,910,716	For
WILLIAM BLAIR FUNDS	1,880,386	For
Calvert	1,718,507	For
Columbia Threadneedle	1,605,134	For

Showing the 25 largest of 86 asset managers. See all 86 in the interactive database.

17. Fix Number of Directors at 14

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 86 asset managers below cast 100% of the shares they voted on this item FOR (804,288,373 for, 0 against).

FOR: 804,288,373 (100.0%)

Largest asset managers voting on “Fix Number of Directors at 14” at Iberdrola SA, 2025-2026
Asset manager	For	Vote
Vanguard	214,445,985	For
BlackRock	173,291,268	For
Fidelity	124,476,610	For
Goldman Sachs	84,749,765	For
Capital Group	52,728,585	For
TIAA	26,952,519	For
EUPAC FUND	18,043,371	For
State Street	12,971,573	For
JPMorgan	10,352,858	For
INTERNATIONAL GROWTH & INCOME FUND	7,261,078	For
DWS	6,792,310	For
Thornburg	6,392,645	For
Northern Trust	6,166,021	For
Invesco	4,776,779	For
Advisors' Inner Circle Fund III	4,680,230	For
American Century	3,489,013	For
First Trust	3,330,283	For
Dimensional	3,096,566	For
Perpetual Americas Funds Trust	2,851,323	For
MFS	2,583,436	For
Legg Mason	2,487,261	For
Putnam	1,910,716	For
WILLIAM BLAIR FUNDS	1,880,386	For
Calvert	1,718,507	For
Columbia Threadneedle	1,605,134	For

Showing the 25 largest of 86 asset managers. See all 86 in the interactive database.

18. Ratify Appointment of and Elect Marina Freitas Goncalves de Araujo Grossi as Director

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 100%

The 86 asset managers below cast 100% of the shares they voted on this item FOR (804,288,373 for, 0 against).

FOR: 804,288,373 (100.0%)

Largest asset managers voting on “Ratify Appointment of and Elect Marina Freitas Goncalves de Araujo Grossi as Director” at Iberdrola SA, 2025-2026
Asset manager	For	Vote
Vanguard	214,445,985	For
BlackRock	173,291,268	For
Fidelity	124,476,610	For
Goldman Sachs	84,749,765	For
Capital Group	52,728,585	For
TIAA	26,952,519	For
EUPAC FUND	18,043,371	For
State Street	12,971,573	For
JPMorgan	10,352,858	For
INTERNATIONAL GROWTH & INCOME FUND	7,261,078	For
DWS	6,792,310	For
Thornburg	6,392,645	For
Northern Trust	6,166,021	For
Invesco	4,776,779	For
Advisors' Inner Circle Fund III	4,680,230	For
American Century	3,489,013	For
First Trust	3,330,283	For
Dimensional	3,096,566	For
Perpetual Americas Funds Trust	2,851,323	For
MFS	2,583,436	For
Legg Mason	2,487,261	For
Putnam	1,910,716	For
WILLIAM BLAIR FUNDS	1,880,386	For
Calvert	1,718,507	For
Columbia Threadneedle	1,605,134	For

Showing the 25 largest of 86 asset managers. See all 86 in the interactive database.

19. Ratify Appointment of and Elect Pedro Azagra Blazquez as Director

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 100%

The 86 asset managers below cast 100% of the shares they voted on this item FOR (804,288,373 for, 0 against).

FOR: 804,288,373 (100.0%)

Largest asset managers voting on “Ratify Appointment of and Elect Pedro Azagra Blazquez as Director” at Iberdrola SA, 2025-2026
Asset manager	For	Vote
Vanguard	214,445,985	For
BlackRock	173,291,268	For
Fidelity	124,476,610	For
Goldman Sachs	84,749,765	For
Capital Group	52,728,585	For
TIAA	26,952,519	For
EUPAC FUND	18,043,371	For
State Street	12,971,573	For
JPMorgan	10,352,858	For
INTERNATIONAL GROWTH & INCOME FUND	7,261,078	For
DWS	6,792,310	For
Thornburg	6,392,645	For
Northern Trust	6,166,021	For
Invesco	4,776,779	For
Advisors' Inner Circle Fund III	4,680,230	For
American Century	3,489,013	For
First Trust	3,330,283	For
Dimensional	3,096,566	For
Perpetual Americas Funds Trust	2,851,323	For
MFS	2,583,436	For
Legg Mason	2,487,261	For
Putnam	1,910,716	For
WILLIAM BLAIR FUNDS	1,880,386	For
Calvert	1,718,507	For
Columbia Threadneedle	1,605,134	For

Showing the 25 largest of 86 asset managers. See all 86 in the interactive database.

20. Reelect Anthony L. Gardner as Director

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 100%

The 86 asset managers below cast 100% of the shares they voted on this item FOR (804,288,373 for, 0 against).

FOR: 804,288,373 (100.0%)

Largest asset managers voting on “Reelect Anthony L. Gardner as Director” at Iberdrola SA, 2025-2026
Asset manager	For	Vote
Vanguard	214,445,985	For
BlackRock	173,291,268	For
Fidelity	124,476,610	For
Goldman Sachs	84,749,765	For
Capital Group	52,728,585	For
TIAA	26,952,519	For
EUPAC FUND	18,043,371	For
State Street	12,971,573	For
JPMorgan	10,352,858	For
INTERNATIONAL GROWTH & INCOME FUND	7,261,078	For
DWS	6,792,310	For
Thornburg	6,392,645	For
Northern Trust	6,166,021	For
Invesco	4,776,779	For
Advisors' Inner Circle Fund III	4,680,230	For
American Century	3,489,013	For
First Trust	3,330,283	For
Dimensional	3,096,566	For
Perpetual Americas Funds Trust	2,851,323	For
MFS	2,583,436	For
Legg Mason	2,487,261	For
Putnam	1,910,716	For
WILLIAM BLAIR FUNDS	1,880,386	For
Calvert	1,718,507	For
Columbia Threadneedle	1,605,134	For

Showing the 25 largest of 86 asset managers. See all 86 in the interactive database.

21. Reelect Isabel Garcia Tejerina as Director

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 100%

The 86 asset managers below cast 100% of the shares they voted on this item FOR (804,288,373 for, 0 against).

FOR: 804,288,373 (100.0%)

Largest asset managers voting on “Reelect Isabel Garcia Tejerina as Director” at Iberdrola SA, 2025-2026
Asset manager	For	Vote
Vanguard	214,445,985	For
BlackRock	173,291,268	For
Fidelity	124,476,610	For
Goldman Sachs	84,749,765	For
Capital Group	52,728,585	For
TIAA	26,952,519	For
EUPAC FUND	18,043,371	For
State Street	12,971,573	For
JPMorgan	10,352,858	For
INTERNATIONAL GROWTH & INCOME FUND	7,261,078	For
DWS	6,792,310	For
Thornburg	6,392,645	For
Northern Trust	6,166,021	For
Invesco	4,776,779	For
Advisors' Inner Circle Fund III	4,680,230	For
American Century	3,489,013	For
First Trust	3,330,283	For
Dimensional	3,096,566	For
Perpetual Americas Funds Trust	2,851,323	For
MFS	2,583,436	For
Legg Mason	2,487,261	For
Putnam	1,910,716	For
WILLIAM BLAIR FUNDS	1,880,386	For
Calvert	1,718,507	For
Columbia Threadneedle	1,605,134	For

Showing the 25 largest of 86 asset managers. See all 86 in the interactive database.

22. Reelect Maria Angeles Alcala Diaz as Director

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 100%

The 86 asset managers below cast 100% of the shares they voted on this item FOR (804,288,373 for, 0 against).

FOR: 804,288,373 (100.0%)

Largest asset managers voting on “Reelect Maria Angeles Alcala Diaz as Director” at Iberdrola SA, 2025-2026
Asset manager	For	Vote
Vanguard	214,445,985	For
BlackRock	173,291,268	For
Fidelity	124,476,610	For
Goldman Sachs	84,749,765	For
Capital Group	52,728,585	For
TIAA	26,952,519	For
EUPAC FUND	18,043,371	For
State Street	12,971,573	For
JPMorgan	10,352,858	For
INTERNATIONAL GROWTH & INCOME FUND	7,261,078	For
DWS	6,792,310	For
Thornburg	6,392,645	For
Northern Trust	6,166,021	For
Invesco	4,776,779	For
Advisors' Inner Circle Fund III	4,680,230	For
American Century	3,489,013	For
First Trust	3,330,283	For
Dimensional	3,096,566	For
Perpetual Americas Funds Trust	2,851,323	For
MFS	2,583,436	For
Legg Mason	2,487,261	For
Putnam	1,910,716	For
WILLIAM BLAIR FUNDS	1,880,386	For
Calvert	1,718,507	For
Columbia Threadneedle	1,605,134	For

Showing the 25 largest of 86 asset managers. See all 86 in the interactive database.

23. Renew Appointment of KPMG Auditores as Auditor for FY 2026

AUDIT-RELATED

99.9% fund support · no official result

FOR 99.9%

The 86 asset managers below cast 99.9% of the shares they voted on this item FOR (804,286,884 for, 1,489 against).

FOR: 804,286,884 (100.0%)AGAINST: 1,489 (0.0%)

Largest asset managers voting on “Renew Appointment of KPMG Auditores as Auditor for FY 2026” at Iberdrola SA, 2025-2026
Asset manager	For	Vote
Vanguard	214,445,985	For
BlackRock	173,291,268	For
Fidelity	124,476,610	For
Goldman Sachs	84,749,765	For
Capital Group	52,728,585	For
TIAA	26,952,519	For
EUPAC FUND	18,043,371	For
State Street	12,971,573	For
JPMorgan	10,352,858	For
INTERNATIONAL GROWTH & INCOME FUND	7,261,078	For
DWS	6,792,310	For
Thornburg	6,392,645	For
Northern Trust	6,166,021	For
Invesco	4,776,779	For
Advisors' Inner Circle Fund III	4,680,230	For
American Century	3,489,013	For
First Trust	3,330,283	For
Dimensional	3,096,566	For
Perpetual Americas Funds Trust	2,851,323	For
MFS	2,583,436	For
Legg Mason	2,487,261	For
Putnam	1,910,716	For
WILLIAM BLAIR FUNDS	1,880,386	For
Calvert	1,718,507	For
Columbia Threadneedle	1,605,134	For

Showing the 25 largest of 86 asset managers. See all 86 in the interactive database.

24. Director and Officer Remuneration Policy

COMPENSATIONCORPORATE GOVERNANCE

Combines 4 wordings of this item as funds reported it.

99% fund support · no official result

FOR 99%

The 45 asset managers below cast 99% of the shares they voted on this item FOR (141,012,859 for, 1,531,829 against).

FOR: 141,012,859 (98.8%)AGAINST: 1,531,829 (1.1%)ABSTAIN: 165,481 (0.1%)

Largest asset managers voting on “Director and Officer Remuneration Policy” at Iberdrola SA, 2025-2026
Asset manager	For	Against	Abstain	Vote
BlackRock	86,702,128	653,583	409	For
Charles Schwab	23,126,376	0	0	For
Vanguard	12,295,924	0	0	For
Six Circles Trust	4,566,840	0	0	For
Bridge Builder Trust	2,306,273	0	0	For
John Hancock	1,564,877	0	0	For
Hartford	1,407,110	0	0	For
HARBOR FUNDS	1,338,262	0	0	For
Jackson National	1,298,831	0	0	For
Russell Investments	1,280,709	0	0	For
Federated Hermes	950,893	0	0	For
Prudential/PGIM	934,808	0	0	For
Natixis	0	878,246	0	Against
NEW ALTERNATIVES FUND	700,000	0	0	For
CULLEN FUNDS TRUST	524,051	0	0	For
CARILLON SERIES TRUST	430,777	0	0	For
Venerable Variable Insurance Trust	324,257	0	0	For
Brighthouse	29,428	0	165,072	Abstain
Gabelli	193,200	0	0	For
Guardian Variable Products Trust	157,646	0	0	For
PACE SELECT ADVISORS TRUST	129,946	0	0	For
Northern Lights Fund Trust IV	119,201	0	0	For
Investment Managers Series Trust	118,847	0	0	For
VanEck ETF Trust	98,524	0	0	For
TIMOTHY PLAN	86,392	0	0	For

Showing the 25 largest of 45 asset managers. See all 45 in the interactive database.

25. THE 2026-2028 TRANSFORMATIONAL LTIP, AIMED AT PROFESSIONALS ACROSS THE COMPANIES OF THE IBERDROLA GROUP, IS LINKED TO THE COMPANYS PERFORMANCE DURING THE 20262028 PERIOD AND WILL BE PAID ON A DEFERRED BASIS IN INSTALMENTS VIA THE DELIVERY OF SHARES

COMPENSATION

Combines 4 wordings of this item as funds reported it.

48.1% fund support · no official result

FOR 48.1%AGAINST 51.9%

The 42 asset managers below cast 48.1% of the shares they voted on this item FOR (26,728,706 for, 28,848,178 against).

FOR: 26,728,706 (48.1%)AGAINST: 28,848,178 (51.9%)

Largest asset managers voting on “THE 2026-2028 TRANSFORMATIONAL LTIP, AIMED AT PROFESSIONALS ACROSS THE COMPANIES OF THE IBERDROLA GROUP, IS LI” at Iberdrola SA, 2025-2026
Asset manager	For	Against	Vote
Charles Schwab	0	23,126,376	Against
Vanguard	12,295,924	0	For
Six Circles Trust	4,566,840	0	For
Bridge Builder Trust	2,306,273	0	For
John Hancock	72,763	1,492,114	Against
Hartford	1,407,110	0	For
HARBOR FUNDS	1,338,262	0	For
Jackson National	321,015	977,816	Against
Russell Investments	0	1,280,709	Against
Federated Hermes	950,893	0	For
Prudential/PGIM	934,808	0	For
Natixis	0	878,246	Against
NEW ALTERNATIVES FUND	700,000	0	For
CULLEN FUNDS TRUST	524,051	0	For
CARILLON SERIES TRUST	0	430,777	Against
Venerable Variable Insurance Trust	0	324,257	Against
BlackRock	264,449	0	For
Brighthouse	194,500	0	For
Gabelli	193,200	0	For
Guardian Variable Products Trust	157,646	0	For
PACE SELECT ADVISORS TRUST	0	129,946	Against
Northern Lights Fund Trust IV	119,201	0	For
Investment Managers Series Trust	118,847	0	For
VanEck ETF Trust	0	98,524	Against
TRUST FOR PROFESSIONAL MANAGERS	56,500	0	For

Showing the 25 largest of 42 asset managers. See all 42 in the interactive database.

26. ANNUAL FINANCIAL STATEMENTS 2025

CORPORATE GOVERNANCE

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.7%

The 41 asset managers below cast 100% of the shares they voted on this item FOR (55,447,127 for, 0 against).

FOR: 55,447,127 (99.7%)ABSTAIN: 165,072 (0.3%)

Largest asset managers voting on “ANNUAL FINANCIAL STATEMENTS 2025” at Iberdrola SA, 2025-2026
Asset manager	For	Abstain	Vote
Charles Schwab	23,126,376	0	For
Vanguard	12,295,924	0	For
Six Circles Trust	4,566,840	0	For
Bridge Builder Trust	2,306,273	0	For
John Hancock	1,564,877	0	For
Hartford	1,407,110	0	For
HARBOR FUNDS	1,338,262	0	For
Jackson National	1,298,831	0	For
Russell Investments	1,280,709	0	For
Federated Hermes	950,893	0	For
Prudential/PGIM	934,808	0	For
Natixis	878,246	0	For
NEW ALTERNATIVES FUND	700,000	0	For
CULLEN FUNDS TRUST	524,051	0	For
CARILLON SERIES TRUST	430,777	0	For
Venerable Variable Insurance Trust	324,257	0	For
BlackRock	264,449	0	For
Brighthouse	29,428	165,072	Abstain
Gabelli	193,200	0	For
Guardian Variable Products Trust	157,646	0	For
PACE SELECT ADVISORS TRUST	129,946	0	For
Northern Lights Fund Trust IV	119,201	0	For
Investment Managers Series Trust	118,847	0	For
VanEck ETF Trust	98,524	0	For
TIMOTHY PLAN	86,392	0	For

Showing the 25 largest of 41 asset managers. See all 41 in the interactive database.

27. AUTHORISATION TO ACQUIRE OWN SHARES

CAPITAL STRUCTURE

Combines 2 wordings of this item as funds reported it.

98% fund support · no official result

FOR 98%

The 41 asset managers below cast 98% of the shares they voted on this item FOR (54,733,953 for, 878,246 against).

FOR: 54,733,953 (98.4%)AGAINST: 878,246 (1.6%)

Largest asset managers voting on “AUTHORISATION TO ACQUIRE OWN SHARES” at Iberdrola SA, 2025-2026
Asset manager	For	Against	Vote
Charles Schwab	23,126,376	0	For
Vanguard	12,295,924	0	For
Six Circles Trust	4,566,840	0	For
Bridge Builder Trust	2,306,273	0	For
John Hancock	1,564,877	0	For
Hartford	1,407,110	0	For
HARBOR FUNDS	1,338,262	0	For
Jackson National	1,298,831	0	For
Russell Investments	1,280,709	0	For
Federated Hermes	950,893	0	For
Prudential/PGIM	934,808	0	For
Natixis	0	878,246	Against
NEW ALTERNATIVES FUND	700,000	0	For
CULLEN FUNDS TRUST	524,051	0	For
CARILLON SERIES TRUST	430,777	0	For
Venerable Variable Insurance Trust	324,257	0	For
BlackRock	264,449	0	For
Brighthouse	194,500	0	For
Gabelli	193,200	0	For
Guardian Variable Products Trust	157,646	0	For
PACE SELECT ADVISORS TRUST	129,946	0	For
Northern Lights Fund Trust IV	119,201	0	For
Investment Managers Series Trust	118,847	0	For
VanEck ETF Trust	98,524	0	For
TIMOTHY PLAN	86,392	0	For

Showing the 25 largest of 41 asset managers. See all 41 in the interactive database.

28. CORPORATE MANAGEMENT AND ACTIVITIES OF THE BOARD OF DIRECTORS IN 2025

CORPORATE GOVERNANCE

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.7%

The 41 asset managers below cast 100% of the shares they voted on this item FOR (55,447,127 for, 0 against).

FOR: 55,447,127 (99.7%)ABSTAIN: 165,072 (0.3%)

Largest asset managers voting on “CORPORATE MANAGEMENT AND ACTIVITIES OF THE BOARD OF DIRECTORS IN 2025” at Iberdrola SA, 2025-2026
Asset manager	For	Abstain	Vote
Charles Schwab	23,126,376	0	For
Vanguard	12,295,924	0	For
Six Circles Trust	4,566,840	0	For
Bridge Builder Trust	2,306,273	0	For
John Hancock	1,564,877	0	For
Hartford	1,407,110	0	For
HARBOR FUNDS	1,338,262	0	For
Jackson National	1,298,831	0	For
Russell Investments	1,280,709	0	For
Federated Hermes	950,893	0	For
Prudential/PGIM	934,808	0	For
Natixis	878,246	0	For
NEW ALTERNATIVES FUND	700,000	0	For
CULLEN FUNDS TRUST	524,051	0	For
CARILLON SERIES TRUST	430,777	0	For
Venerable Variable Insurance Trust	324,257	0	For
BlackRock	264,449	0	For
Brighthouse	29,428	165,072	Abstain
Gabelli	193,200	0	For
Guardian Variable Products Trust	157,646	0	For
PACE SELECT ADVISORS TRUST	129,946	0	For
Northern Lights Fund Trust IV	119,201	0	For
Investment Managers Series Trust	118,847	0	For
VanEck ETF Trust	98,524	0	For
TIMOTHY PLAN	86,392	0	For

Showing the 25 largest of 41 asset managers. See all 41 in the interactive database.

29. 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 99.7%

The 41 asset managers below cast 100% of the shares they voted on this item FOR (55,447,127 for, 0 against).

FOR: 55,447,127 (99.7%)ABSTAIN: 165,072 (0.3%)

Largest asset managers voting on “DELEGATION OF POWERS TO FORMALISE AND TO CONVERT THE RESOLUTIONS ADOPTED INTO A PUBLIC INSTRUMENT” at Iberdrola SA, 2025-2026
Asset manager	For	Abstain	Vote
Charles Schwab	23,126,376	0	For
Vanguard	12,295,924	0	For
Six Circles Trust	4,566,840	0	For
Bridge Builder Trust	2,306,273	0	For
John Hancock	1,564,877	0	For
Hartford	1,407,110	0	For
HARBOR FUNDS	1,338,262	0	For
Jackson National	1,298,831	0	For
Russell Investments	1,280,709	0	For
Federated Hermes	950,893	0	For
Prudential/PGIM	934,808	0	For
Natixis	878,246	0	For
NEW ALTERNATIVES FUND	700,000	0	For
CULLEN FUNDS TRUST	524,051	0	For
CARILLON SERIES TRUST	430,777	0	For
Venerable Variable Insurance Trust	324,257	0	For
BlackRock	264,449	0	For
Brighthouse	29,428	165,072	Abstain
Gabelli	193,200	0	For
Guardian Variable Products Trust	157,646	0	For
PACE SELECT ADVISORS TRUST	129,946	0	For
Northern Lights Fund Trust IV	119,201	0	For
Investment Managers Series Trust	118,847	0	For
VanEck ETF Trust	98,524	0	For
TIMOTHY PLAN	86,392	0	For

Showing the 25 largest of 41 asset managers. See all 41 in the interactive database.

30. DIRECTORS REPORTS 2025

CORPORATE GOVERNANCE

Combines 3 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.7%

The 41 asset managers below cast 100% of the shares they voted on this item FOR (55,447,127 for, 0 against).

FOR: 55,447,127 (99.7%)ABSTAIN: 165,072 (0.3%)

Largest asset managers voting on “DIRECTORS REPORTS 2025” at Iberdrola SA, 2025-2026
Asset manager	For	Abstain	Vote
Charles Schwab	23,126,376	0	For
Vanguard	12,295,924	0	For
Six Circles Trust	4,566,840	0	For
Bridge Builder Trust	2,306,273	0	For
John Hancock	1,564,877	0	For
Hartford	1,407,110	0	For
HARBOR FUNDS	1,338,262	0	For
Jackson National	1,298,831	0	For
Russell Investments	1,280,709	0	For
Federated Hermes	950,893	0	For
Prudential/PGIM	934,808	0	For
Natixis	878,246	0	For
NEW ALTERNATIVES FUND	700,000	0	For
CULLEN FUNDS TRUST	524,051	0	For
CARILLON SERIES TRUST	430,777	0	For
Venerable Variable Insurance Trust	324,257	0	For
BlackRock	264,449	0	For
Brighthouse	29,428	165,072	Abstain
Gabelli	193,200	0	For
Guardian Variable Products Trust	157,646	0	For
PACE SELECT ADVISORS TRUST	129,946	0	For
Northern Lights Fund Trust IV	119,201	0	For
Investment Managers Series Trust	118,847	0	For
VanEck ETF Trust	98,524	0	For
TIMOTHY PLAN	86,392	0	For

Showing the 25 largest of 41 asset managers. See all 41 in the interactive database.

31. ENGAGEMENT DIVIDEND: APPROVAL AND PAYMENT

CAPITAL STRUCTURE

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.7%

The 41 asset managers below cast 100% of the shares they voted on this item FOR (55,447,127 for, 0 against).

FOR: 55,447,127 (99.7%)ABSTAIN: 165,072 (0.3%)

Largest asset managers voting on “ENGAGEMENT DIVIDEND: APPROVAL AND PAYMENT” at Iberdrola SA, 2025-2026
Asset manager	For	Abstain	Vote
Charles Schwab	23,126,376	0	For
Vanguard	12,295,924	0	For
Six Circles Trust	4,566,840	0	For
Bridge Builder Trust	2,306,273	0	For
John Hancock	1,564,877	0	For
Hartford	1,407,110	0	For
HARBOR FUNDS	1,338,262	0	For
Jackson National	1,298,831	0	For
Russell Investments	1,280,709	0	For
Federated Hermes	950,893	0	For
Prudential/PGIM	934,808	0	For
Natixis	878,246	0	For
NEW ALTERNATIVES FUND	700,000	0	For
CULLEN FUNDS TRUST	524,051	0	For
CARILLON SERIES TRUST	430,777	0	For
Venerable Variable Insurance Trust	324,257	0	For
BlackRock	264,449	0	For
Brighthouse	29,428	165,072	Abstain
Gabelli	193,200	0	For
Guardian Variable Products Trust	157,646	0	For
PACE SELECT ADVISORS TRUST	129,946	0	For
Northern Lights Fund Trust IV	119,201	0	For
Investment Managers Series Trust	118,847	0	For
VanEck ETF Trust	98,524	0	For
TIMOTHY PLAN	86,392	0	For

Showing the 25 largest of 41 asset managers. See all 41 in the interactive database.

32. RE-ELECTION OF MR ANTHONY L. GARDNER AS AN INDEPENDENT DIRECTOR

DIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

98% fund support · no official result

FOR 98%

The 41 asset managers below cast 98% of the shares they voted on this item FOR (54,569,836 for, 878,246 against).

FOR: 54,569,836 (98.1%)AGAINST: 878,246 (1.6%)ABSTAIN: 165,072 (0.3%)

Largest asset managers voting on “RE-ELECTION OF MR ANTHONY L. GARDNER AS AN INDEPENDENT DIRECTOR” at Iberdrola SA, 2025-2026
Asset manager	For	Against	Abstain	Vote
Charles Schwab	23,126,376	0	0	For
Vanguard	12,295,924	0	0	For
Six Circles Trust	4,566,840	0	0	For
Bridge Builder Trust	2,306,273	0	0	For
John Hancock	1,564,877	0	0	For
Hartford	1,407,110	0	0	For
HARBOR FUNDS	1,338,262	0	0	For
Jackson National	1,298,831	0	0	For
Russell Investments	1,280,709	0	0	For
Federated Hermes	950,893	0	0	For
Prudential/PGIM	934,808	0	0	For
Natixis	0	878,246	0	Against
NEW ALTERNATIVES FUND	700,000	0	0	For
CULLEN FUNDS TRUST	524,051	0	0	For
CARILLON SERIES TRUST	430,777	0	0	For
Venerable Variable Insurance Trust	324,257	0	0	For
BlackRock	264,449	0	0	For
Brighthouse	29,428	0	165,072	Abstain
Gabelli	193,200	0	0	For
Guardian Variable Products Trust	157,646	0	0	For
PACE SELECT ADVISORS TRUST	129,946	0	0	For
Northern Lights Fund Trust IV	119,201	0	0	For
Investment Managers Series Trust	118,847	0	0	For
VanEck ETF Trust	98,524	0	0	For
TIMOTHY PLAN	86,392	0	0	For

Showing the 25 largest of 41 asset managers. See all 41 in the interactive database.

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

AUDIT-RELATED

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.7%

The 41 asset managers below cast 100% of the shares they voted on this item FOR (55,447,127 for, 0 against).

FOR: 55,447,127 (99.7%)ABSTAIN: 165,072 (0.3%)

Largest asset managers voting on “SETTING OF THE NUMBER OF MEMBERS OF THE BOARD OF DIRECTORS AT FOURTEEN” at Iberdrola SA, 2025-2026
Asset manager	For	Abstain	Vote
Charles Schwab	23,126,376	0	For
Vanguard	12,295,924	0	For
Six Circles Trust	4,566,840	0	For
Bridge Builder Trust	2,306,273	0	For
John Hancock	1,564,877	0	For
Hartford	1,407,110	0	For
HARBOR FUNDS	1,338,262	0	For
Jackson National	1,298,831	0	For
Russell Investments	1,280,709	0	For
Federated Hermes	950,893	0	For
Prudential/PGIM	934,808	0	For
Natixis	878,246	0	For
NEW ALTERNATIVES FUND	700,000	0	For
CULLEN FUNDS TRUST	524,051	0	For
CARILLON SERIES TRUST	430,777	0	For
Venerable Variable Insurance Trust	324,257	0	For
BlackRock	264,449	0	For
Brighthouse	29,428	165,072	Abstain
Gabelli	193,200	0	For
Guardian Variable Products Trust	157,646	0	For
PACE SELECT ADVISORS TRUST	129,946	0	For
Northern Lights Fund Trust IV	119,201	0	For
Investment Managers Series Trust	118,847	0	For
VanEck ETF Trust	98,524	0	For
TIMOTHY PLAN	86,392	0	For

Showing the 25 largest of 41 asset managers. See all 41 in the interactive database.

34. STATEMENT OF NON-FINANCIAL INFORMATION SUSTAINABILITY REPORT 2025

OTHER

Combines 3 wordings of this item as funds reported it.

99.8% fund support · no official result

FOR 99.5%

The 41 asset managers below cast 99.8% of the shares they voted on this item FOR (55,360,735 for, 86,392 against).

FOR: 55,360,735 (99.5%)AGAINST: 86,392 (0.2%)ABSTAIN: 165,072 (0.3%)

Largest asset managers voting on “STATEMENT OF NON-FINANCIAL INFORMATION SUSTAINABILITY REPORT 2025” at Iberdrola SA, 2025-2026
Asset manager	For	Against	Abstain	Vote
Charles Schwab	23,126,376	0	0	For
Vanguard	12,295,924	0	0	For
Six Circles Trust	4,566,840	0	0	For
Bridge Builder Trust	2,306,273	0	0	For
John Hancock	1,564,877	0	0	For
Hartford	1,407,110	0	0	For
HARBOR FUNDS	1,338,262	0	0	For
Jackson National	1,298,831	0	0	For
Russell Investments	1,280,709	0	0	For
Federated Hermes	950,893	0	0	For
Prudential/PGIM	934,808	0	0	For
Natixis	878,246	0	0	For
NEW ALTERNATIVES FUND	700,000	0	0	For
CULLEN FUNDS TRUST	524,051	0	0	For
CARILLON SERIES TRUST	430,777	0	0	For
Venerable Variable Insurance Trust	324,257	0	0	For
BlackRock	264,449	0	0	For
Brighthouse	29,428	0	165,072	Abstain
Gabelli	193,200	0	0	For
Guardian Variable Products Trust	157,646	0	0	For
PACE SELECT ADVISORS TRUST	129,946	0	0	For
Northern Lights Fund Trust IV	119,201	0	0	For
Investment Managers Series Trust	118,847	0	0	For
VanEck ETF Trust	98,524	0	0	For
TIMOTHY PLAN	0	86,392	0	Against

Showing the 25 largest of 41 asset managers. See all 41 in the interactive database.

35. APPOINTMENT OF PRICEWATERHOUSECOOPERS AUDITORES, S.L. AS STATUTORY AUDITOR OF THE COMPANY AND ITS CONSOLIDATED GROUP FOR FINANCIAL YEARS 2027 TO 2029

AUDIT-RELATED

Combines 4 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.7%

The 40 asset managers below cast 100% of the shares they voted on this item FOR (55,406,410 for, 0 against).

FOR: 55,406,410 (99.7%)ABSTAIN: 165,072 (0.3%)

Largest asset managers voting on “APPOINTMENT OF PRICEWATERHOUSECOOPERS AUDITORES, S.L. AS STATUTORY AUDITOR OF THE COMPANY AND ITS CONSOLIDATED” at Iberdrola SA, 2025-2026
Asset manager	For	Abstain	Vote
Charles Schwab	23,126,376	0	For
Vanguard	12,295,924	0	For
Six Circles Trust	4,566,840	0	For
Bridge Builder Trust	2,306,273	0	For
John Hancock	1,564,877	0	For
Hartford	1,407,110	0	For
HARBOR FUNDS	1,338,262	0	For
Jackson National	1,298,831	0	For
Russell Investments	1,280,709	0	For
Federated Hermes	950,893	0	For
Prudential/PGIM	934,808	0	For
Natixis	878,246	0	For
NEW ALTERNATIVES FUND	700,000	0	For
CULLEN FUNDS TRUST	524,051	0	For
CARILLON SERIES TRUST	430,777	0	For
Venerable Variable Insurance Trust	324,257	0	For
BlackRock	264,449	0	For
Brighthouse	29,428	165,072	Abstain
Gabelli	193,200	0	For
Guardian Variable Products Trust	157,646	0	For
PACE SELECT ADVISORS TRUST	129,946	0	For
Northern Lights Fund Trust IV	119,201	0	For
Investment Managers Series Trust	118,847	0	For
VanEck ETF Trust	98,524	0	For
TRUST FOR PROFESSIONAL MANAGERS	56,500	0	For

Showing the 25 largest of 40 asset managers. See all 40 in the interactive database.

36. RE-ELECTION OF KPMG AUDITORES, S.L. AS STATUTORY AUDITOR OF THE COMPANY AND ITS CONSOLIDATED GROUP FOR FINANCIAL YEAR 2026

AUDIT-RELATED

Combines 4 wordings of this item as funds reported it.

98% fund support · no official result

FOR 98%

The 40 asset managers below cast 98% of the shares they voted on this item FOR (54,528,164 for, 878,246 against).

FOR: 54,528,164 (98.1%)AGAINST: 878,246 (1.6%)ABSTAIN: 165,072 (0.3%)

Largest asset managers voting on “RE-ELECTION OF KPMG AUDITORES, S.L. AS STATUTORY AUDITOR OF THE COMPANY AND ITS CONSOLIDATED GROUP FOR FINANCI” at Iberdrola SA, 2025-2026
Asset manager	For	Against	Abstain	Vote
Charles Schwab	23,126,376	0	0	For
Vanguard	12,295,924	0	0	For
Six Circles Trust	4,566,840	0	0	For
Bridge Builder Trust	2,306,273	0	0	For
John Hancock	1,564,877	0	0	For
Hartford	1,407,110	0	0	For
HARBOR FUNDS	1,338,262	0	0	For
Jackson National	1,298,831	0	0	For
Russell Investments	1,280,709	0	0	For
Federated Hermes	950,893	0	0	For
Prudential/PGIM	934,808	0	0	For
Natixis	0	878,246	0	Against
NEW ALTERNATIVES FUND	700,000	0	0	For
CULLEN FUNDS TRUST	524,051	0	0	For
CARILLON SERIES TRUST	430,777	0	0	For
Venerable Variable Insurance Trust	324,257	0	0	For
BlackRock	264,449	0	0	For
Brighthouse	29,428	0	165,072	Abstain
Gabelli	193,200	0	0	For
Guardian Variable Products Trust	157,646	0	0	For
PACE SELECT ADVISORS TRUST	129,946	0	0	For
Northern Lights Fund Trust IV	119,201	0	0	For
Investment Managers Series Trust	118,847	0	0	For
VanEck ETF Trust	98,524	0	0	For
TRUST FOR PROFESSIONAL MANAGERS	56,500	0	0	For

Showing the 25 largest of 40 asset managers. See all 40 in the interactive database.

37. ALLOCATION OF PROFITS AND DIVIDEND FOR 2025: APPROVAL AND SUPPLEMENTARY PAYMENT, WHICH WILL BE MADE WITHIN THE FRAMEWORK OF THE IBERDROLA RETRIBUCION FLEXIBLE OPTIONAL DIVIDEND SYSTEM

CAPITAL STRUCTURE

Combines 4 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.7%

The 39 asset managers below cast 100% of the shares they voted on this item FOR (55,378,679 for, 0 against).

FOR: 55,378,679 (99.7%)ABSTAIN: 165,072 (0.3%)

Largest asset managers voting on “ALLOCATION OF PROFITS AND DIVIDEND FOR 2025: APPROVAL AND SUPPLEMENTARY PAYMENT, WHICH WILL BE MADE WITHIN THE” at Iberdrola SA, 2025-2026
Asset manager	For	Abstain	Vote
Charles Schwab	23,126,376	0	For
Vanguard	12,295,924	0	For
Six Circles Trust	4,566,840	0	For
Bridge Builder Trust	2,306,273	0	For
John Hancock	1,564,877	0	For
Hartford	1,407,110	0	For
HARBOR FUNDS	1,338,262	0	For
Jackson National	1,298,831	0	For
Russell Investments	1,280,709	0	For
Federated Hermes	950,893	0	For
Prudential/PGIM	934,808	0	For
Natixis	878,246	0	For
NEW ALTERNATIVES FUND	700,000	0	For
CULLEN FUNDS TRUST	524,051	0	For
CARILLON SERIES TRUST	430,777	0	For
Venerable Variable Insurance Trust	324,257	0	For
BlackRock	264,449	0	For
Brighthouse	29,428	165,072	Abstain
Gabelli	193,200	0	For
Guardian Variable Products Trust	157,646	0	For
PACE SELECT ADVISORS TRUST	129,946	0	For
Northern Lights Fund Trust IV	119,201	0	For
Investment Managers Series Trust	118,847	0	For
VanEck ETF Trust	98,524	0	For
TRUST FOR PROFESSIONAL MANAGERS	56,500	0	For

Showing the 25 largest of 39 asset managers. See all 39 in the interactive database.

38. RATIFICATION AND RE-ELECTION OF MR PEDRO AZAGRA BLAZQUEZ AS AN EXECUTIVE DIRECTOR

DIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.7%

The 39 asset managers below cast 100% of the shares they voted on this item FOR (55,419,379 for, 0 against).

FOR: 55,419,379 (99.7%)ABSTAIN: 165,072 (0.3%)

Largest asset managers voting on “RATIFICATION AND RE-ELECTION OF MR PEDRO AZAGRA BLAZQUEZ AS AN EXECUTIVE DIRECTOR” at Iberdrola SA, 2025-2026
Asset manager	For	Abstain	Vote
Charles Schwab	23,126,376	0	For
Vanguard	12,295,924	0	For
Six Circles Trust	4,566,840	0	For
Bridge Builder Trust	2,306,273	0	For
John Hancock	1,564,877	0	For
Hartford	1,407,110	0	For
HARBOR FUNDS	1,338,262	0	For
Jackson National	1,298,831	0	For
Russell Investments	1,280,709	0	For
Federated Hermes	950,893	0	For
Prudential/PGIM	934,808	0	For
Natixis	878,246	0	For
NEW ALTERNATIVES FUND	700,000	0	For
CULLEN FUNDS TRUST	524,051	0	For
CARILLON SERIES TRUST	430,777	0	For
Venerable Variable Insurance Trust	324,257	0	For
BlackRock	264,449	0	For
Brighthouse	29,428	165,072	Abstain
Gabelli	193,200	0	For
Guardian Variable Products Trust	157,646	0	For
PACE SELECT ADVISORS TRUST	129,946	0	For
Northern Lights Fund Trust IV	119,201	0	For
Investment Managers Series Trust	118,847	0	For
VanEck ETF Trust	98,524	0	For
TIMOTHY PLAN	86,392	0	For

Showing the 25 largest of 39 asset managers. See all 39 in the interactive database.

39. RATIFICATION AND RE-ELECTION OF MS MARINA FREITAS GONCALVES DE ARAUJO GROSSI AS AN INDEPENDENT DIRECTOR

DIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.7%

The 39 asset managers below cast 100% of the shares they voted on this item FOR (55,419,379 for, 0 against).

FOR: 55,419,379 (99.7%)ABSTAIN: 165,072 (0.3%)

Largest asset managers voting on “RATIFICATION AND RE-ELECTION OF MS MARINA FREITAS GONCALVES DE ARAUJO GROSSI AS AN INDEPENDENT DIRECTOR” at Iberdrola SA, 2025-2026
Asset manager	For	Abstain	Vote
Charles Schwab	23,126,376	0	For
Vanguard	12,295,924	0	For
Six Circles Trust	4,566,840	0	For
Bridge Builder Trust	2,306,273	0	For
John Hancock	1,564,877	0	For
Hartford	1,407,110	0	For
HARBOR FUNDS	1,338,262	0	For
Jackson National	1,298,831	0	For
Russell Investments	1,280,709	0	For
Federated Hermes	950,893	0	For
Prudential/PGIM	934,808	0	For
Natixis	878,246	0	For
NEW ALTERNATIVES FUND	700,000	0	For
CULLEN FUNDS TRUST	524,051	0	For
CARILLON SERIES TRUST	430,777	0	For
Venerable Variable Insurance Trust	324,257	0	For
BlackRock	264,449	0	For
Brighthouse	29,428	165,072	Abstain
Gabelli	193,200	0	For
Guardian Variable Products Trust	157,646	0	For
PACE SELECT ADVISORS TRUST	129,946	0	For
Northern Lights Fund Trust IV	119,201	0	For
Investment Managers Series Trust	118,847	0	For
VanEck ETF Trust	98,524	0	For
TIMOTHY PLAN	86,392	0	For

Showing the 25 largest of 39 asset managers. See all 39 in the interactive database.

40. RE-ELECTION OF MS ISABEL GARCIA TEJERINA AS AN INDEPENDENT DIRECTOR

DIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.7%

The 39 asset managers below cast 100% of the shares they voted on this item FOR (55,419,379 for, 0 against).

FOR: 55,419,379 (99.7%)ABSTAIN: 165,072 (0.3%)

Largest asset managers voting on “RE-ELECTION OF MS ISABEL GARCIA TEJERINA AS AN INDEPENDENT DIRECTOR” at Iberdrola SA, 2025-2026
Asset manager	For	Abstain	Vote
Charles Schwab	23,126,376	0	For
Vanguard	12,295,924	0	For
Six Circles Trust	4,566,840	0	For
Bridge Builder Trust	2,306,273	0	For
John Hancock	1,564,877	0	For
Hartford	1,407,110	0	For
HARBOR FUNDS	1,338,262	0	For
Jackson National	1,298,831	0	For
Russell Investments	1,280,709	0	For
Federated Hermes	950,893	0	For
Prudential/PGIM	934,808	0	For
Natixis	878,246	0	For
NEW ALTERNATIVES FUND	700,000	0	For
CULLEN FUNDS TRUST	524,051	0	For
CARILLON SERIES TRUST	430,777	0	For
Venerable Variable Insurance Trust	324,257	0	For
BlackRock	264,449	0	For
Brighthouse	29,428	165,072	Abstain
Gabelli	193,200	0	For
Guardian Variable Products Trust	157,646	0	For
PACE SELECT ADVISORS TRUST	129,946	0	For
Northern Lights Fund Trust IV	119,201	0	For
Investment Managers Series Trust	118,847	0	For
VanEck ETF Trust	98,524	0	For
TIMOTHY PLAN	86,392	0	For

Showing the 25 largest of 39 asset managers. See all 39 in the interactive database.

Showing the 40 reported items with the widest manager coverage, of 72 in total. View every item.

Largest Iberdrola SA shareholders voting in 2025-2026

Ranked by the number of Iberdrola SA shares each manager voted on the most widely held ballot item of the 2025-2026 meeting.

Top Iberdrola SA shareholders by shares voted, 2025-2026
#	Asset manager	Shares voted
1	BlackRock	87,356,120
2	Charles Schwab	23,126,376
3	Vanguard	12,295,924
4	1832 Asset Management L.P.	4,695,880
5	Six Circles Trust	4,566,840
6	Korea Investment CORP	2,679,332
7	Bridge Builder Trust	2,306,273
8	Siemens Fonds Invest GmbH	2,058,983
9	John Hancock	1,564,877
10	Natixis	1,471,211

Shown as share counts, not percentages: no shares-outstanding figure has been matched to Iberdrola SA for the 2025-2026 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 02 October 2026; a live search always shows the current data.

At Iberdrola SA's shareholder meeting held 2026-05-29, in the 2025-2026 proxy season, 330 asset managers reported how they voted in their SEC Form N-PX filings, covering 11,198 separate fund positions. Their filings are grouped here into 72 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 Report on Remuneration of Directors and Officers 2025". — the reporting funds cast 93% 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 · 2024-2025 · 2025-2026 (this page).