The Code of Conduct is the fundamental pillar of ACCIONA's ethical and compliance culture. It defines the values and principles that must guide the actions of all the people who are part of the Group, as well as the third parties with whom we interact. In addition, each of the areas addressed in the Code of Conduct is developed through corporate policies, rules and internal procedures.
The Code of Conduct was initially approved by ACCIONA's Board of Directors on May 10, 2007 and last updated on November 13, 2024.
ACCIONA has a Crime Prevention and Anti-Corruption Model that provides a structured framework for identifying, preventing, managing and mitigating regulatory compliance risks to which the Organization may be exposed in the course of its activities.
The General Compliance Policy defines the ethical principles that govern the relationship with our stakeholders and establishes the general framework for the operation of the Model.
ACCIONA promotes integrity across all its activities and rejects any form of corruption or bribery. This commitment is an essential part of our corporate culture and guides the Group's actions in all the countries and markets in which we operate.
As a member of the United Nations Global Compact, ACCIONA publicly expresses its support for, and adherence to, the fundamental anti-corruption principles set out in the United Nations Convention against Corruption, committing to work against corruption in all its forms.
In line with this commitment, ACCIONA 's Anti-Corruption Policy establishes the fundamental principles for preventing and combating any manifestation of corruption in our activities and operations, applying a zero-tolerance policy against such conduct.
The Anti-corruption Guidelines set out the conduct guidelines that must be observed by all individuals who are part of the ACCIONA Group, as well as by third parties acting on its behalf or maintaining business relations with the Group.
ACCIONA promotes a business environment based on fair competition, merit and respect for the applicable competition law regulations.
The Antitrust Policy sets out the guidelines to ensure that business activities are conducted in accordance with free market principles. This commitment is part of ACCIONA´s ethical and compliance culture and reflects our determination to act fairly, honestly and in compliance with competition laws and regulations in all the countries in which we operate.
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.
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.
The Ethical Channel is the internal information system that ACCIONA makes available to all individuals to communicate possible or potential irregularities, breaches or behaviors occurring within the framework of ACCIONA´s activities and which are contrary to the applicable legal framework, the Code of Conduct or the Group's ethical values.
The Ethical Channel Policy sets out the principles and procedures for managing the communications received, ensuring accessibility, confidentiality, the possibility of anonymity, the absence of retaliation, respect for the rights of the individuals involved, and diligent, objective and impartial management.