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Acciona chairman José Manuel Entrecanales defended the company's response to the "caso Koldo" scandal, stating it acted with "celerity, rigor, and determination" from the first moment. During the June 25, 2026 shareholder meeting, he outlined the firm's extraordinary measures to address the reputational challenge that marked 2025. Source: infobae
Entrecanales stressed that organizations are measured by how they respond to adversity, and Acciona demonstrated rapid action, reinforced controls, and protection of its principles. Source: infobae
Despite the scandal, Acciona posted a record EBITDA of €3,211 million in 2025 (up 31%) and an aggregate infrastructure portfolio exceeding €120 billion. Source: elconfidencial The stock has surged 71% in 2025 and 46% in 2026, reflecting market confidence. The case involves alleged irregular public contracts linked to former PSOE secretary Santos Cerdán.
“Las organizaciones a menudo se miden por su capacidad de crear valor, pero también deben medirse por cómo responden ante la adversidad. Y creo que, en este episodio, Acciona ha demostrado su capacidad para actuar con rapidez, reforzar sus controles y proteger los principios que sustentan su reputación y su proyecto empresarial.”
“Hemos adoptado las medidas disciplinarias más severas respecto a todos aquellos empleados y proveedores que pudieran estar potencialmente implicados en actuaciones vulneradoras o lesivas de nuestro código ético y de conducta.”