1 Panel EDP ENEL Iberdrola Naturgy Snam and RWE 2 in line with the trajectory established to reach the 2030 target

€1 M

NON-FINANCIAL

CRITERIA

35%

FINANCIAL

CRITERIA

65%

25%

EBIT

25%

Net

economic

debt

25%

Net

income / (loss)

recurring

Group share

25%

Free Cash Flow

ANNUAL FIXED

(CASH)

ANNUAL VARIABLE

(CASH)

LONG-TERM INCENTIVES

(PERFORMANCE SHARES)

PERFORMANCE SHARES

VESTING IN 2026

Compensation of the Chief Executive Officer for 2023

In 2023 the annual variable compensation

structure for senior managers including

Executive Committee members will change

It will be composed of 65 financial

criteria 10 nonfinancial criteria

and 25 individual objectives

which is consistent with the structure

of the annual variable compensation

of the Chief Executive Officer

The financial criteria used are similar

to those for 2022 The nonfinancial

criteria used for members of the

Executive Committee are the same

three as used for the Chief Executive

Officer while the two nonfinancial

criteria used for corporate officers

at 5 each are health and safety

frequency rate of accidents within

the scope of responsibility and

diversity the rate of women recruited

among managers within the scope

of responsibility

Senior managers whose role has a

significant impact on the GHG emissions

trajectory must include a climate target

in their individual targets of at least 5

All senior managers are eligible for the

performance share plan according to the

same criteria as the Chief Executive Officer

In addition to the Groups 420 senior

managers 5000 other employees

are beneficiaries of the Groups

performance share plan

Maximum amount

140 of annual fixed

Maximum amount

120000 performance shares

20%

CSR criteria at end-2025

(2)

:

• Decrease in GHG

emissions from energy

production (10%)

• Increase in %

of renewables

capacity (5%)

• Increase in %

of women in

management (5%)

25%

Change in the “Total Shareholder

Return” (TSR) vs panel

(1)

25%

Growth

in NRIgs

over

2 years

vs panel

(1)

30%

ROCE

30%

CSR criteria:

• Improvement of the Safety

performance (10%);

• Decrease in GHG emissions

from energy production (10%)

• Recruitment of 35% female

managers (10%)

70%

• Strategy (35%)

• Group Priorities 2023 (35%)

2023 INTEGRATED REPORT - 59

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