OCAS Review of Activities 2018-2019
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Annual Directors Remuneration Report 2019
Annual Directors Remuneration Report Financial Year 2019 ISSUER IDENTIFICATION 31/12/2019 YEAR-END DATE TAX IDENTIFICATION CODE (C.I.F.) A-48010615 Company Name: IBERDROLA, S.A. Registered Office: Plaza Euskadi número 5, Bilbao 48009 Biscay, Spain ANNUAL REPORT ON THE REMUNERATION OF DIRECTORS OF LISTED COMPANIES A. REMUNERATION POLICY OF THE COMPANY FOR THE CURRENT FINANCIAL YEAR A.1 Explain the current director remuneration policy applicable to the year in progress. To the extent that it is relevant, certain information may be included in relation to the remuneration policy approved by the General Shareholders’ Meeting, provided that these references are clear, specific and concrete. The specific determinations for the year in progress should be described, both the remuneration of directors in their status as such and as a result of their executive functions carried out for the Board pursuant to the contracts signed with executive directors and to the remuneration policy approved by the General Shareholders’ Meeting. In any event, the following aspects should be reported: - Description of the procedures and company bodies involved in determining and approving the remuneration policy and its terms and conditions. - Indicate and, where applicable, explain whether comparable companies have been taken into account in order to establish the company's remuneration policy. 1 - Information on whether any external advisors took part in this process and, if so, their identity. Pursuant to article 48.1 of the By-Laws, the overall limit to the -
Salt Bath Nitriding and QPQ AMS 2753
Salt Bath Nitriding and QPQ AMS 2753 Nitriding is a heat treating process that allows nitrogen onto the surface of a metal to create a case hardened surface. Salt bath nitriding, alse referred to as liquid salt bath ferritic nitrocarburizing is a surface treatment for most ferrous metal components and is designed to improve certain engineering properties to enhance wear resistance, lubricity, fatigue strength and corrosion resistance. The nitriding process will also lower the coefficient of friction. Salt Bath Processes Salt bath nitriding is a thermochemical process in which nitrogen and carbon are diffused simultaneously into the surface of the material. The high concentration of nitrogen chemically combines with iron and other nitride forming elements to produce an outer layer of epsilon iron nitride ( ) which is thin, hard and ductile. This layer is also known as the compound zone which has increased surface hardness to enhance anti-galling characteristics and lowers the coefficient of friction. This compound zone also functions as a solid film lubricant by providing a non-metallic interface between mating surfaces. Nitrogen of lower concentration continues to diffuse below the compound zone and forms a solid solution with the base metal iron. This zone is referred to as the diffusion zone and is noted for its improvement in fatigue strength. Heating Comparison In comparison to conventional heat treating, salt bath nitriding has a low operating temperature typically of 1075°F (580°C). At this temperature, distortion is minimized and components can be completed through the final machining and heat treatment stages prior to the salt bath nitriding process. -
Open Letter to Ms. Ursula Von Der Leyen, President, European Commission and Executive Vice President Commissioner Timmermans
Friday 10 July 2021 Open letter to Ms. Ursula von der Leyen, President, European Commission and Executive Vice President Commissioner Timmermans Call for a massive acceleration of capacity build-up of renewable energy in Europe Dear President von der Leyen, Dear Executive Vice President Timmermans A successful transformation towards climate neutrality fundamentally rests on a European approach towards the massive acceleration of renewable energy deployment for industrial transformation. As a unique alliance between Members of the European Parliament and CEOs from leading companies, which have pledged climate neutrality by 2050, we are jointly calling upon the Commission to show more ambition and determination when it comes to making Europe’s energy system fit, already for 2030. All planned policies and measures being decided now are paving the road to climate neutrality in 2050, and that is why today’s action counts. Today, a massive ramp-up of renewable energy production must ensure that the EU renewable energy system is operational as soon as possible. Although EU’s Renewed Industrial strategy falls short in this regard, with the upcoming legislative package we have another chance to set this right. If the EU is to be a front runner for climate friendly manufacturing through the deployment of low carbon process technologies and ground-breaking innovations, the key enablers are infrastructure, access to abundant renewable electricity supply and rapid commercialization of new processes at competitive energy prices. Without a stronger European policy focus and increased investments boosting the availability of renewables for industrial use, we not only risk delaying needed GHG reductions, affecting industrial competitiveness but also our overall credibility to deliver on our common commitments. -
Banco Santander, S.A. Announces Results of Tender Offer for Notes Issued by Iberdrola Finanzas, S.A.U
BANCO SANTANDER, S.A. ANNOUNCES RESULTS OF TENDER OFFER FOR NOTES ISSUED BY IBERDROLA FINANZAS, S.A.U. and IBERDROLA INTERNATIONAL B.V. NOT FOR DISTRIBUTION TO ANY PERSON RESIDENT AND/OR LOCATED IN THE UNITED STATES This announcement does not constitute an invitation to participate in the Solicitation of Offers to Sell (as defined herein) in or from any jurisdiction in or from which, or to or from whom, it is unlawful to make such offer under applicable securities laws or otherwise. The distribution of this announcement in certain jurisdictions (in particular the United States, the United Kingdom, Italy, France, Belgium and Spain) may be restricted by law. Persons into whose possession this document comes are required by the Offeror, the Issuers, the Guarantor and the Dealer Managers to inform themselves about, and to observe, any such restrictions. No action that would permit a public offer has been or will be taken in any jurisdiction by the Offeror, the Issuers, the Guarantor or the Dealer Managers. London, 14 September 2015. Further to its announcements on 7 September 2015 and 14 September 2015, Banco Santander, S.A. (the “Offeror”) hereby announces the final results and pricing of its invitation to holders of the (i) €750,000,000 3.500% Guaranteed Notes due 13 October 2016 issued by Iberdrola Finanzas, S.A.U. (the “Series 92 Notes”) and (ii) €1,400,000,000 4.250% Guaranteed Notes due 11 October 2018 issued by Iberdrola International B.V. (together with Iberdrola Finanzas, S.A.U., the “Issuers”) (the “Series 100 Notes”) each guaranteed by Iberdrola S.A. -
Riding the Highs and the Lows
PROFILE Riding the highs and the lows Despite the experience of an almost overwhelming first year, and the subsequent demise of big-ticket M&A, nothing yet requires change in the Latham & Watkins business plan for Spain, says managing partner José Luis Blanco. he last few years have seen There is no denying that Latham has at considerable speculation least found initial success in Spain. surrounding likely new US “As much as I wish it wasn’t true, they corporate law firm arrivals in Spain. have clearly had an unbelievable first year,” TWith interest surrounding not only who says one senior partner at the Madrid office might arrive and the relative market of a competing Anglo-Saxon firm. demand for a new legal player, but also the Despite only officially opening in January suitability of the US law firm model in 2007, Latham & Watkins has already Spain, and the ability of any firm to recruit a featured prominently among some of credible local figure to launch their Iberia’s largest deals of the past year. operation. The firm acted for US private equity (PE) White & Case, Shearman & Sterling and giant, and established Latham client, The Orrick are often among those most Carlyle Group last July on its debut Spanish regularly suggested as potential new €1.48 billion leveraged buy-out of Applus arrivals so it was perhaps surprising that it Servicios Tecnologicos – the largest single was Latham & Watkins that opened its investment yet undertaken by a PE fund in doors in Madrid and Barcelona in January Spain. It also acted for Iberdrola, another 2007. -
Nitromet™ Salt Bath Nitriding Maximizes Resistance Against Corrosion and Wear 586.755.4900
586.755.4900 www. kcjplating.com Nitromet™ SALT BATH NITRIDING MAXIMIZES RESISTANCE AGAINST CORROSION AND WEAR Salt bath nitrocarburizing (SBN) is a popular alternative to hard Salt bath nitriding is sometimes referred to as ferritic chromium and physical vapor deposition (PVD). More effective nitrocarburizing, as well as salt bath nitrocarburizing. It is than hard chromium, SBN is extremely economical, with an array a process that involves thermo chemical diffusion, where a of well-documented benefits. compound layer of carbon and nitrogen is simultaneously introduced to the surface of ferrous metal parts. A variety COST-EFFECTIVE HIGH PERFORMANCE COATING of metals can be treated with salt bath nitriding, including Enhanced wear resistance carbon steel, stainless steel, and sintered and cast iron parts. Increased corrosion resistance Improved case hardness (extends wear surface) PRIMARY NITROMET SALT BATH NITRIDING Multiplied fatigue strength CHARACTERISTICS Higher lubricity Deep black finish Anti-seizing properties Nitromet is a proprietary KC Jones trademark, originally Improved sliding developed by Kolene Corporation. Nitromet enhances the Uniform black color properties of SBN to provide optimal protection against corrosion Doubled bending fatigue and wear. Doubled rotary bend strength Zero galling (often associated with plated surfaces) NITROMET SALT BATH NITRIDING AVAILABLE EXCLUSIVELY FROM KC JONES PLATING Nitromet salt bath nitriding is an economic way to increase resistance against corrosion and wear. This is true whether Engineered -
Iron, Steel & Metals
Hidroambiente S.A.U. Calle Mayor, 23 E, 1º 48930 Getxo (SPAIN) T: +34 94 480 40 90 - F: +34 94 480 30 76 [email protected] Hidroambiente S.A.U. Rio Rhin 56 - 6ª Planta Colonia Cuauhtemoc 06500 CDMX (MEXICO) T: +52 55 6811-6556 / +52 55 6732-1809 [email protected] | water treatment plants | Everblue Private Ltd. B-402, Ganga Osian Square, Near LG Showroom, Mankar Chawk, Wakad, Pune 411057 (INDIA) T: +91 20 6473 1585 IRON, STEEL METALS [email protected] & www.hidroambiente.es Hidroambiente, within the Elecnor Group, was This commitment is possible thanks to a very founded in 1993 to deliver Water Treatment experienced innovation-committed highly- solutions to highly demanding customers skilled staff. from the industrial and public sector. Our long-standing experience, our countless We strive to meet our customers’ satisfaction references and our prestige in the market by addressing every stage in a water treatment together with the importance of our customers project, i.e. Design, Construction, Assembly, encourage us to go on with this strategy. Commissioning, Operation & Maintenance and Technical Assistance. n Services 1 n Manufacturing of “Turn Key” Water Treatment Plants n Equipment Manufacturing n Supply of Materials n “In House” Construction and Assembly n Start-up Service n Technological Adjustment and Upgrading n Transfers and Revamping Before undertaking any Investment: n Basic Engineering Solutions n Detail Engineering n Technical Assessment on the Design of New Plants n Water Networks Audits and Solutions n Water Treatment Plants 2 Technologies: n Freshwater from Rivers and Lakes. Settler Tanks, Flotation Systems and Sand Filters n Freshwater from Wells and Reservoirs. -
IBC Capabilities Overview
IBC Capabilities Overview 03.2020 ISO9001:2015 Registered by EAGLE Registrations Inc. IBC Coatings Technologies | 902 Hendricks Drive, Lebanon, IN 46052 | www.ibccoatings.com This page may contain ITAR restricted data IBC Coatings Presentation rev:01 IBC’s Background • Privately-owned surface engineering company • Aerospace, • Established in 1996 and located in Lebanon, Indiana • Oil and Gas, • Automotive, • 90+ employees and 100,000+ sq. feet • Metal Forming, • Development of surface treatments to improve wear, corrosion, fatigue • Die Casting, and lubricity properties • Forging, • and many more • Industrial-scale application of PVD, CVD, TD, and other coating processes IBC Provides The Following Services • Thin Film Coating • Plasma Electrolytic treatments and – CeraTough-D™ Diamond Like Carbon (DLC) coatings coatings – PEO – plasma electrolytic coatings of Al, Mg, Ti – High Energy PVD coatings (TiN, TiALN, CRN, alloys CRC, TIC, VC, Al O , SiO , ZrO , SiN) – PED – plasma electrolytic diffusion coatings 2 3 2 2 – PEP- plasma electrolytic polishing • Nitriding • Heat treating – Ion Plasma Nitriding (DHIN) – Vacuum Heat Treat with up to 12 Bar Gas Quench – Ion Plasma Ferritic Nitrocarburizing (DH-FNC) – Vacuum Carburizing – Post-DHIN and FNC Oxidation (equivalent to – Solution Nitriding Plasox) • Thermal Diffusion Surface treatments – Salt Bath Nitriding (DHN) (equivalent to QPQ, – Boriding (DHB) Melonite, Tufftride, etc.) – Tantalizing (DHTa) • Laser Cladding – Chromizing (DHC) – Aluminizing (DHA) • Micro-laser welding and repair – Vanadium Carbide (TDH) • CVD Coatings • Electro-spark deposition – Amorphous Chrome Carbide • HVOF/HVAF Coating Services 3 IBC Equipment Size Capabilities • Ion Plasma Nitriding & FNC with post oxidation (Dia 60” • CeraTough™ Ceramic Diffusion Wear Coatings for lightweight ” alloys including Al, Ti, and Mg can fit component up to 48” x 83 tall) x48”x 120 “ and 2,000 LB weight limit. -
MG22488 Tenifer QPQ Eng.Qxd
TUFFTRIDE®-QPQ-PROCESS Dr. Joachim Boßlet / Michael Kreutz Technical Information TUFFTRIDE® -QPQ - Process Salt bath nitrocarburizing by the TUFFTRIDE process has been applied in a wide range of industries throughout the world for many decades. It is used to improve the wear resistance, the fatigue strength and – in particular when combined with the oxidative cooling – the corrosion resistance of components made from steel, cast iron and sintered iron materials. In many cases the TUFFTRIDE process is used as an alternative to other surface engineering processes such as case hardening, galvanic (e.g. hard chrome plating), and other coating processes (plastic coating, painting, laser coating etc.), also plasma or gas nitrocarburizing with equally good or improved quality and greater economy. Carrying out the process Compared with other nitrocarburizing processes, the TUFFTRIDE Q, QP and QPQ processes are very easy to Basic Reaction in the Salt Melt carry out. As is usual when treating components in salt baths, the parts are first preheated to about 350°C in + REG1 air. Nitrocarburizing takes place in a so-called TF 1 bath at 480 - 630°C, the standard temperature is usually 580°C. Cyanate Nitrogen + Carbonate + Iron The salt melt mainly consists of alkali cyanate and alkali carbonate. Iron Nitride It is operated in a pot made from special material, and the pot is fit- ted with an aeration device. The active constituent in the TF 1 bath is the alkali cyanate. During the nitrocarburizing process a reaction Fig. 1 takes place between the surface of the components and the alkali cyanate, resulting in the formation of alkali carbonate. -
Inditex, Mercadona, SEAT, Santander E Iberdrola, Las 5 Empresas Que Mayor Compromiso Y Responsabilidad Social Han Mostrado Ante La Pandemia Por COVID-19
NOTA DE PRENSA Inditex, Mercadona, SEAT, Santander e Iberdrola, las 5 empresas que mayor compromiso y responsabilidad social han mostrado ante la pandemia por COVID-19 Las empresas han sido elegidas por analistas financieros, periodistas de información económica, catedráticos, asociaciones de consumidores, ONG, miembros de sindicatos, social media managers y ciudadanos. Los expertos y la población participantes han tenido en cuenta valores como el mantenimiento del empleo y el cuidado de los empleados, el apoyo al sistema sanitario a través de donaciones de material y dinerarias, la ejemplaridad de los directivos, la cesión de la capacidad logística e industrial al servicio de la sociedad y el apoyo a ONG y al voluntariado. Con este estudio/ranking de excelencia social Merco pretende reconocer el compromiso y la responsabilidad social de las empresas con el país ante la actual emergencia sanitaria. Merco con más de 20 años de experiencia es el monitor de reputación de referencia para el ámbito económico, financiero y social al ser el que tiene una metodología más completa y contar con garantías de independencia e imparcialidad. Madrid, 20 de mayo de 2020.- El Monitor MERCO ha presentado hoy los resultados de un informe extraordinario con motivo de la pandemia por COVID-19. Así, un total de 2.017 ciudadanos y 257 expertos han evaluado la actuación que están llevando a cabo las grandes empresas que operan en España con el objetivo de reconocer esas actuaciones y establecer un ranking de excelencia social. El plantel de estos 257 expertos que han participado en el estudio está compuesto por 42 catedráticos de área de empresa, 32 miembros de organizaciones de consumidores, 49 periodistas de información económica, 33 representantes de ONG, 51 analistas financieros, 40 miembros de sindicatos, 28 social media managers. -
Plate MTD® and Tool Steels: for Mold, Tool and Die Applications
ArcelorMittal USA Plate MTD® and Tool Steels: for Mold, Tool and Die Applications Introduction ArcelorMittal USA MTD® Steels ArcelorMittal USA Tool Steels ArcelorMittal USA MTD steels com- ArcelorMittal USA produces the tool steels A2, A8 Mod., O1, S5, and prise a family of five pre-hardened S7** for use in applications where an air-hardening, oil-hardening alloy plate steels developed for a or shock-resisting tool steel is required. These steels are available variety of mold, tool and die ap- from ArcelorMittal USA in full-sized, annealed plates suitable for plications. These steels have been saw cutting and/or finishing. Parts can subsequently be machined available for over 20 years and pos- and heat treated to a range of hardness requirements. For improved sess the flexibility of the AISI 41XX internal cleanliness, all ArcelorMittal USA tool steels are produced steels. They are available in the with maximum sulfur levels of 0.010%, using Fineline® processing. 262-321 Brinell range* (unless otherwise noted) for optimum bal- These steels are also available as ArcelorMittal USA Finishline™, a ance between machinability and hardness. The use of pre-hardened prefinished plate product with decarb-free top and bottom surfaces MTD® steels eliminates the need for and risk associated with heat ground to a maximum 125 RMS. treating molds, holder blocks and other parts after machining. MTD * Brinell hardness (HB) readings are taken from standard test locations on the plate plates are routinely saw cut. surface after the decarburization layer is removed. This range of HB converts to 27-34 Rockwell “C”. ArcelorMittal USA uses HB measurement as its official test. -
CORPORATE & INSTITUTIONAL BANKING Nov 2019 CORPORATE
CORPORATE & INSTITUTIONAL BANKING CORPORATE & INSTITUTIONAL BANKING Nov 2019 STRICTLY CONFIDENTIAL ‘World’s Best Bank for Sustainable Finance 2018’ 2 Number of signatories / AUM in US$ trn Asset Owners (AO) 90 2500 80 Number of signatories 2000 70 Asset Owners (AO) 60 50 1500 40 1000 30 20 500 10 0 0 Apr-06 Apr-07 Apr-09 Apr-12 Apr-13 Apr-08 Apr-10 Apr-11 Apr-17 Apr-18 Apr-14 Apr-15 Apr-16 Assets under management (US$ trillion) AO AUM ($ US trillion) Principles for Responsible Investments (PRI) ■ Assets Under Management (AUM) by SRI investors in the US reached $12 trillion in 2018, an increase of 38% from 2016; SRI AUM now represent over 25% of all USD AUM ■ The top individual ESG issue for investors is climate change, with $3 trillion in assets managed while applying climate-related criteria ■ Growth in AUM under social criteria outpaced that of environmental, and more assets are now managed using social criteria than environmental Source: UN PRI 3 Source: BNP Paribas Securities ESG Global Survey 2019 4 ■ Integration of ESG scoring directly into credit ratings, since Jan 2019, shows how ESG impacts individual credit rating systems of corporates / financial institutions ■ Although the majority of credit ratings have not been impacted, 1,536 were impacted ■ Very good feedback from press and the market ■ Upcoming: ESG scoring for CLOs, public sector and sovereigns ■ Originally the pioneer in ESG practices within credit rating, but recently overtaken by Fitch ■ Integrates of a risk-based ESG factor into credit ratings, and proposes numerous