Asset Management Policy

Our business is to own, manage and operate sustainable assets in a sustainable way. As such, asset management is the core of our business. Asset management involves health and safety, environmental matters, compliance, operation and maintenance, financial, economic and other practices applied to the physical assets.

At Atlantica, we undertake a proactive approach to create long-term value for our stakeholders and believe in outstanding and disciplined asset management of our operations in order to be the best-in-class operator, while simultaneously seeking excellence on a cost-efficient basis.

We are committed to efficiently and effectively managing our assets, maximizing asset performance and promoting positive impacts in local communities, while minimizing risks and negative impacts to the environment, workforce and contractors. In some cases, we operate and maintain our assets directly; in other cases, we use third parties for those functions.

Excellence and efficiency are one of our core values. We believe in outstanding and disciplined asset management of our operations, while seeking excellence in a cost-efficient manner. As such, we are committed to:

  • Promoting and maintaining a zero-accident policy. Developing new initiatives and implementing world class safety standards in health and safety in all operating assets.
  • Enforcing safety, environmental and operational procedures through annual audits and inspections, identifying hazards, developing prevention strategies, analyzing deviations and implementing corrective plans.
  • Complying with laws, regulations and permit requirements and with our internal policies in all areas where we operate.
  • Maintaining at our assets emergency plans, emergency drills, and assessing potential emergency scenarios to improve emergency procedures.
  • Investigating potential incidents to identify root causes and implement corrective measures.
  • Subjecting our key equipment to predictive, preventive, and corrective maintenance to maximize performance, while minimizing risks.
  • Maintaining key performance indicators and periodically monitoring those indicators to obtain quantifiable information to enable us to measure asset performance and define and implement action plans to correct potential deviations.
  • Managing risks:
    • Identifying, measuring, quantifying, covering and monitoring our risk exposure and taking all the necessary actions to mitigate or reduce those risks.
    • Disclosing key risk identification and mitigation measures.
  • Continuing to identify best practices and implementing them accordingly. • Disclosing asset management objectives.
  • Maintaining and periodically reviewing our quality management system.
  • Maintaining a formal asset management plan.
  • Periodically auditing our assets, including all relevant matters relating to operation, maintenance, health and safety, environment and financial matters, as well as Atlantica’s corporate support functions, with the aim of reviewing compliance in line with our best practices and promoting constant improvement.
  • Managing suppliers according to Atlantica’s suppliers code of conduct.
  • Providing periodic training to our employees and contractors’ employees to improve their skills, as well as promoting talent retention and professional career development initiatives.
  • Performing routine analysis to optimize capex and opex needs.
  • Driving operational excellence and strengthening a culture of lessons learned, in order to increase the creation of value for shareholders and other stakeholders.
  • Fostering continuous improvement.

In addition, some of our plants will eventually need to be dismantled. As such, we seek to:

  • Update the closure plan on an as-needed basis.
  • Create provisions and plan to set aside funds to cover closure and rehabilitation following contractual obligations.
  • Make our senior management responsible and accountable for dismantling activities and rehabilitation.
  • Consult local communities in closure planning, as applicable.
  • Report on closure implementation and site rehabilitation.
  • Develop the safety, environmental and operational procedures for dismantling activities.

This Policy applies to the Company and each of its subsidiaries, including all directors, officers and employees, and in all geographic locations, regardless of the local practices. In those assets and joint ventures where Atlantica does not have operational control, the Company will do everything it reasonably can to encourage joint ventures and partners follow similar principles.

Atlantica’s senior management are responsible for ensuring and monitoring the implementation of this Policy.

The Policy is effective from the date of its approval and for an indefinite period and may be updated or revised if considered necessary. All revisions will be subject to approval by the Board of Directors of Atlantica Sustainable Infrastructure Plc.

Non-compliance with this Policy, including concerns, may be reported anonymously or otherwise to the Company’s Compliance Committee at or through our Whistleblowing Channel available on our website (

The Company guarantees confidentiality and no retaliation of any kind against anyone who reports an issue. These principles may be suspended if a person does not act in good faith or if it was otherwise required under the law.

This Policy was approved by the Board of Directors in May 2020 and was last amended in December 2021.