CODE OF CONDUCT AND ETHICAL CHANNEL

The aim of the Code of Conduct is to set out the values that should guide the behaviour of all staff of the Company.

This code, approved in 2007 and revised in 2011 and 2016, forms the basis of the Company's ethics and compliance model and aims to steer:

  • Relationships between employees
  • Employees' dealings with customers, shareholders, suppliers and external collaborators
  • Relationships with public and private institutions and with society as a whole.

In addition, the Regulations of the Code of Conduct aim to provide guidelines for employees and the Company on how to proceed when the Acciona Group's code of conduct is breached or stands at risk of being breached.

ACCIONA has a Code of Conduct Committee, a body that monitors its compliance and has an Ethical Channel that facilitates communication regarding irregular conduct in relation to the Code.

This key initiative offers an effective tool for all employees for discussing doubts or reporting potential breaches of the Code of Conduct.

ACCIONA supports and is committed to the application of public policies established to promote diversity and inclusion under the principle of equal employment opportunities.

We protect human rights

Commitment to the fight against corruption and bribery, and to free competition

In 2015, as a further step towards ACCIONA's aim to follow the best corporate governance practice, the Company established a compliance function with the creation of a new Unit that reports directly to the executive chairman and the Audit Committee of the Board of Directors.

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.


The Board of Directors of Acciona has approved the 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.


As a company governed by ethics and corporate transparency, ACCIONA rejects all forms of unfair competition:


Similarly, the Code of Conduct lays out behavioural patterns and anti-corruption and anti-bribery measures, and it calls on employees to comply with current law. Without exception, ACCIONA will not tolerate any attempt to bribe the Company, any of its employees or vice versa. In addition, and among other ethical principles, the Code of Conduct promotes free competition.

Business with integrity

Operating standards

ACCIONA undertakes to avoid all forms of corruption and to comply with all applicable laws and regulations.

The 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).

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