Alliances with business organizations and associations to contribute to technological progress and development, supporting companies with their own resources and experience in telecommunications, technology clusters and innovation agencies to contribute to technological development, such as the Association of Portability Operators, the Association of Operators for Mobile Portability, Autocontrol Association, Spanish Association for Digitization, ClusterTiC or Gaia, among others.
As part of our strong commitment to generate a positive impact on people and the planet, the MASMOVIL Group has become a B Corp company since 2021, which positions us as the first major telecommunications company to achieve this. This recognition certifies compliance with the highest standards in terms of social and environmental impact, governance, public transparency and legal responsibility of the Company.
We define specific indicators to contribute to the fulfillment of the Sustainable Development Goals (SDGs) and their goals, with which we also respond to our corporate commitment to the Ten (10) Principles of the Global Compact and the UN 2030 Agenda (Organization of United Nations).
Alliances with business organizations and associations to contribute to technological progress and development, supporting companies with their own resources and experience in telecommunications, technology clusters and innovation agencies to contribute to technological development, such as the Association of Portability Operators, the Association of Operators for Mobile Portability, Autocontrol Association, Spanish Association for Digitization, ClusterTiC or Gaia, among others.
As part of our strong commitment to generate a positive impact on people and the planet, the MASMOVIL Group has become a B Corp company since 2021, which positions us as the first major telecommunications company to achieve this. This recognition certifies compliance with the highest standards in terms of social and environmental impact, governance, public transparency and legal responsibility of the Company.
We define specific indicators to contribute to the fulfillment of the Sustainable Development Goals (SDGs) and their goals, with which we also respond to our corporate commitment to the Ten (10) Principles of the Global Compact and the UN 2030 Agenda (Organization of United Nations).
Following the principles developed in the Equal Opportunities Policy and in the Diversity Plan, the Group understands that equal pay is a fundamental right of its employees. For this reason, the Group tries to ensure that remuneration is equitable for both sexes. In addition, other aspects are remunerated such as seniority and the assumption of greater responsibilities throughout the career.
The Group’s cost of financing is linked to the criteria for achieving our sustainable objectives. Likewise, the Group’s employees have their variable remuneration linked, with a relevant weight, to the degree of compliance with the Company’s sustainability objectives that includes the improvement in ESG ratings.
Senior Management, headed by the CEO of the Group, assumes responsibility for all aspects related to ESG, including the environmental management system, guaranteeing the sustainability, environment and energy management policy, as well as its objectives, making sure that are aligned with the strategic direction of the organization.
Following the principles developed in the Equal Opportunities Policy and in the Diversity Plan, the Group understands that equal pay is a fundamental right of its employees. For this reason, the Group tries to ensure that remuneration is equitable for both sexes. In addition, other aspects are remunerated such as seniority and the assumption of greater responsibilities throughout the career.
The Group’s cost of financing is linked to the criteria for achieving our sustainable objectives. Likewise, the Group’s employees have their variable remuneration linked, with a relevant weight, to the degree of compliance with the Company’s sustainability objectives that includes the improvement in ESG ratings.
Senior Management, headed by the CEO of the Group, assumes responsibility for all aspects related to ESG, including the environmental management system, guaranteeing the sustainability, environment and energy management policy, as well as its objectives, making sure that are aligned with the strategic direction of the organization.
The Board of Directors of Lorca Telecom Bidco, S.A.U. it consists of 13 members.
Governing Bodies – MASMOVIL Group
In the performance of the corporate purpose, the company and the members of the board will ensure the generation of a positive social impact for it, the people linked to it and the environment.
The Director Remuneration Policy seeks to ensure that the remuneration of directors is adequate for the dedication and responsibility assumed, and in accordance with that paid in the market in comparable companies nationwide, taking into account the long-term interest of the group of the shareholders.
The Board of Directors of Lorca Telecom Bidco, S.A.U. it consists of 13 members.
Governing Bodies – MASMOVIL Group
In the performance of the corporate purpose, the company and the members of the board will ensure the generation of a positive social impact for it, the people linked to it and the environment.
The Director Remuneration Policy seeks to ensure that the remuneration of directors is adequate for the dedication and responsibility assumed, and in accordance with that paid in the market in comparable companies nationwide, taking into account the long-term interest of the group of the shareholders.
The Group’s risk control and management model is based on the continuous review and updating of the Company’s risk map, which has been designed in line with the Group’s strategies. Once the risks have been identified and quantified (according to their impact and probability of occurrence), the necessary action plans are formalized to mitigate said risks.
In accordance with the Risk Management and Control Policy, the Internal Audit Department is responsible for updating the Risk Map, as well as formalizing the action plans necessary to mitigate said risks, assigning to each of the risks an owner thereof (‘risk owner’). In this way, each risk has an owner, who is responsible for adopting the necessary measures to control it.
Thanks to the control mechanisms implemented, as well as the mitigation measures implemented, the impact and probability of occurrence have been maintained within the tolerance levels approved by the Board.
The Group’s risk control and management model is based on the continuous review and updating of the Company’s risk map, which has been designed in line with the Group’s strategies. Once the risks have been identified and quantified (according to their impact and probability of occurrence), the necessary action plans are formalized to mitigate said risks.
In accordance with the Risk Management and Control Policy, the Internal Audit Department is responsible for updating the Risk Map, as well as formalizing the action plans necessary to mitigate said risks, assigning to each of the risks an owner thereof (‘risk owner’). In this way, each risk has an owner, who is responsible for adopting the necessary measures to control it.
Thanks to the control mechanisms implemented, as well as the mitigation measures implemented, the impact and probability of occurrence have been maintained within the tolerance levels approved by the Board.
The Group’s corporate pillars are honesty, integrity and regulatory compliance. For this reason, it maintains a firm commitment to the fight against corruption and bribery and has the anti-bribery certificate accredited by AENOR.
Our Report on non-financial activities is aligned with what is established in the selected Standards of the Global Reporting Initiative (GRI Standards), as a reference for its preparation in which the contents are identified in response to legal and transparency requirements. Sustainability-Memory-and-EINF-Grupo-MM-2022_web.pdf (grupomasmovil.com)
The Group’s corporate pillars are honesty, integrity and regulatory compliance. For this reason, it maintains a firm commitment to the fight against corruption and bribery and has the anti-bribery certificate accredited by AENOR.
Our Report on non-financial activities is aligned with what is established in the selected Standards of the Global Reporting Initiative (GRI Standards), as a reference for its preparation in which the contents are identified in response to legal and transparency requirements. Sustainability-Memory-and-EINF-Grupo-MM-2022_web.pdf (grupomasmovil.com)
The Group has a set of bodies, control mechanisms and internal rules that make up its Corporate Governance System whose objective is, among other things, to direct and regulate the organization of the Group, in a transparent and efficient manner, promoting common interest and of its stakeholders, as reflected in its Corporate Governance Policy.
Risk management provides added value to the organization by giving specific responses to mitigate or avoid risk and contribute to the objective of continuous improvement in business performance.
Our policy establishes the principles and guidelines of business conduct under which the Company must conduct itself in order to guarantee that the actions of all its members conform both to compliance with current legislation and to the strictest ethical principles.
The Board of Directors recognizes transparency in all its actions, including the remuneration of its Board members, as one of the key elements of its corporate governance strategy.
The Group has a set of bodies, control mechanisms and internal rules that make up its Corporate Governance System whose objective is, among other things, to direct and regulate the organization of the Group, in a transparent and efficient manner, promoting common interest and of its stakeholders, as reflected in its Corporate Governance Policy.
Risk management provides added value to the organization by giving specific responses to mitigate or avoid risk and contribute to the objective of continuous improvement in business performance.
Our policy establishes the principles and guidelines of business conduct under which the Company must conduct itself in order to guarantee that the actions of all its members conform both to compliance with current legislation and to the strictest ethical principles.
The Board of Directors recognizes transparency in all its actions, including the remuneration of its Board members, as one of the key elements of its corporate governance strategy.
