The Code of Conduct is the cornerstone of ACCIONA's ethics and compliance culture and aims to set out the values and principles that should guide the behaviour of all Group companies and the third parties with which they interact.
All Members of the Organisation, regardless of their hierarchical position and geographical location, must comply with this Code of Conduct.
This Code of Conduct was approved by ACCIONA's Board of Directors on May 10th 2007 and was last updated on November 14th 2024.
ACCIONA supports and is committed to applying public policies that promote diversity and inclusion under the principle of equal employment opportunities
Fundamental principles against corruption
In 2015, as a further step toward ACCIONA's aim to follow the best corporate governance practice, the Company created a new unit/compliance function reporting directly to the Executive Chairman and the Board of Directors’ Audit Committee.
ACCIONA openly expresses its support and respect for the fundamental tenets of the fight against corruption, as laid out in the United Nations Convention against Corruption, by committing itself to working against corruption in all its forms, including extortion or instigation of criminal offences, bribery, conflict of interest, influence peddling, falsification of documents, money laundering, insider trading, and fraud.
Anti-corruption guidelines
ACCIONA undertakes to avoid all forms of corruption and comply with all the applicable laws and regulations in all the countries in which it is present.
ACCIONA Group's Anti-Corruption Guidelines provide compliance guidelines to prevent misconduct, and are applicable and compulsory for all employees and third parties with which ACCIONA works (including agents, brokers, advisers, consultants and suppliers).
The ACCIONA Board of Directors has approved a Crime Prevention and Anti-bribery Policy. Its goal is to reiterate to all administrators, managers, employees and third parties involved in the Group, a resounding message against any form of criminal offence, particularly corruption in our operations. The commitment of all ACCIONA staff to act ethically, and with integrity, and in respect of the rules, is also set out in the Code of Conduct and the Anti-Corruption Guidelines.
ACCIONA has a firm commitment to ensuring that its business and professional activities comply with the current laws of each of the places in which it operates, guaranteeing full compliance with the best national and international practices, as established in its Code of Conduct (the “Code of Conduct”).
The Ethical Channel is the internal information system that ACCIONA makes available so that anyone can report any possible irregularities, breaches or behaviors produced within the framework of ACCIONA's activities and contrary to the current legal framework, the Code of Conduct and/or the ethical values of the Group.
The Policy on the operation of the Ethical Channel, approved by the Board of Directors of ACCIONA, establishes the essential principles that govern the Ethical Channel
ACCIONA undertakes to respect the human rights and public freedoms recognized in the United Nations Universal Declaration of Human Rights.
ACCIONA has updated its Human Rights Policy with the aim of aligning it even more to the stipulations of the United Nations Guiding Principles on Business and Human Rights. Following the United Nations Guiding Principles on Business and Human Rights, ACCIONA is working on implementing a due diligence process involving the:
- Identification and evaluation of its actual and potential impacts
Establishment of specific processes and procedures in order to introduce preventive measures on the potential impacts identified
Development of mechanisms to remedy the impacts that have already been caused or that it has contributed to causing
In relation to local community rights and labor rights that may be affected by its activities, ACCIONA is studying, through its Social Impact Management (SIM) methodology, potential human rights violations that a specific project or service could cause in the communities and for other stakeholders, among other factors.
For its supply chain, ACCIONA has diverse mechanisms in place to help prevent human rights violations, such as the Self-Declaration of Responsibility for Suppliers; Ethical Principles for Suppliers, Contractors and Partners; Risk Maps; and so on. In 2021, our purchasing system found that none of our suppliers or contractors were violating or jeopardizing compliance with human rights.