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Ethics and integrity

Corporate ethics and integrity are a fundamental part of ACCIONA. The Company's Corporate Code of Conduct sets out to lay down the values that guide the behavior of each and every member of ACCIONA's workforce.

This Code was set up in 2007 and modified later in 2011. It aims at providing orientation for relations among employees; dealings between employees and clients, shareholders, suppliers and external collaborators; relations with public and private institutions, and with society at large. At the same time as the Code was approved, the Code of Conduct Commission and the Ethical Channel were set up.

ACCIONA Policy Book


The ACCIONA Policy Book reflects the commitments and the principles of action applicable to the company firms regarding economic, social and environmental issues. The new ACCIONA Policy Book was approved by the Sustainability Committee in the Board of Directors in April 2018.

The ACCIONA Policy Book reflects the commitments and the principles of action applicable to the company regarding economic, social, environmental and corporate governance issues.

The Policy Book is made up of the following sections:

Sustainability Policies

Sustainability and Innovation:  Includes the  Sustainability policy which is applicable Company-wide and establishes the framework for all other ACCIONA policies and standards; the Stakeholder Relations Policy and  the Innovation Policy.

The Economic Sphere and Good Governance: Includes the Anti-Corruption Policy,  Crime Prevention and Anti-Bribery Policy,  Antitrust Policy, Risk Management and Control Policy and Quality Policy.

The Social Sphere: Includes policies concerning Human Rights, Human Resources and Occupational Risk Prevention, and Social Action.

The Environmental Sphere: Covers policies on the Environment, Biodiversity, Fight on Climate Change and Water.

Other Policies

Includes the Policy on Communication and Contact with Shareholders and Investors,  Director Selection Policy,  Director Remuneration Policy and Personal Data Protection Policy.


*These are translations of a duly approved Spanish-language document, and are provided for informational purposes only. In the event of any discrepancy between the text of these translations and the text of the original Spanish-language document which this translation is intended to report, the text of the original Spanish-language shall prevail."


Code of Conduct and Ethical Channel

The purpose of the Code of Conduct is to establish the values that should guide the behaviour of all persons in the Company.

This code, approved in 2007 and amended in 2011 and 2016, is the core of the Company's ethics and compliance model and seeks to guide relations between employees; actions by the latter vis-à-vis customers, shareholders, suppliers and service providers; and relations with public and private institutions and with society in general.

ACCIONA has a Code of Conduct Committee whose mission is to oversee compliance with the Code, and an Ethics Channel by which irregular conduct in connection with the Code can be reported.

This extremely important initiative provides all employees with an effective tool for raising queries and notifying possible breaches of the Code of Conduct.

The Rules of Procedure in connection with the Code of Conduct provide rules for action by employees and the Company in the event of situations that conflict with or breach the ACCIONA Group's Code of Conduct. They also establish the necessary preventive measures to identify, assess and control risks of breach of the Code.

Anti-corruption and anti-bribery measures

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

During 2015, the Group made significant progress in the implementation of the model. As a further step in ACCIONA's aim to follow the best Corporate Governance practices, the Company has established a compliance function with the creation of a new Unit that reports directly to the Executive Chairman and the Auditing Committee of the Board of Directors.

ACCIONA  openly expresses its support and respect for the fundamental tenets of the fight on corruption, as laid out in the United Nations Convention against Corruption. It further pledges to make every effort to combat all forms of corruption, including extortion or the instigation of criminal offences, bribery, clash of interests, influence-peddling, falsification of documents, money laundering, use of insider information and fraud:

Crime Prevention and Anti-Bribery Policy

The Board of Directors of ACCIONA has approved a crime prevention and anti-bribery policy. Its goal is to send all directors, executives and employees, and third parties related to the Group, a resounding message against any form of criminal activity, particularly corruption, in our operations. The commitment by all of ACCIONA's people to ethics and integrity, respecting the rules, is also set out in the Code of Conduct and in the Anti-corruption Rules.

See Anticorruption policy

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

See Antitrust policy

Similarly, the Code of Conduct lays out guidelines for conduct 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.


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