Policy
The basic principles of the corporate responsability policy are:
- Promote best corporate governance practices (Board of Directors, Corporate Responsibility and Governance Committee, Audit Committee, internal control and others, as well as the corporate governance bodies of its subsidiaries), ensuring compliance with legislation, transparency, business ethics and correct risk management.
- Orientate the activities of the Red Eléctrica Group in the defence of its viability and value for all its stakeholders in the short, medium and long term, by offering services that guarantee and improve its image and reputation.
- Create and maintain an open communication channel with its stakeholders, through which it is possible to ascertain their requirements and expectations and improve their satisfaction level. Furthermore, this means shall act as a channel to provide true information regarding company activities and results, whilst guaranteeing at all times maximum transparency and the honest exchange of information.
- Encourage support for the betterment of society and the integration in the communities where the Group carries out its functions by participating in projects of general and social interest, and in educational, cultural and scientific programmes. Special attention shall be paid to the observance and respect of the rights of indigenous peoples in compliance with existing international legislation, treaties or agreements, whether or not they are incorporated in the legislation of the country in which the companies of the group operate.
- Guarantee compliance with the articles contained in international declarations and conventions regarding Human Rights and Workers' Rights, and ensure the fulfilment of the Code of Ethics of the Red Eléctrica Group. This shall imply the observance of the fundamental human rights, freedom of association to unions, the right to undertake collective bargaining, the inexistence of child labour, the abolition of forced labour or performed under duress and any other practice that can be taken as an infringement of collective or individual dignity. To understand the personal and human development and the satisfaction of the people as a key element in attaining the objectives of the Red Eléctrica Group. Attention shall be paid to the attitudes and conducts, which shall be in line with company values, as set out in the Code of Ethics. In particular, the following shall be promoted: non-discrimination (race, socioeconomic status, nationality, gender, sexual orientation, age, disability, language, religion or political beliefs); diversity; search for equality (remuneration, work schedule, development and appraisal); professional development; occupational health and safety; quality of the work environment; integration of people and the work-life balance.
- Maintain a firm, preventive commitment with respect to the conservation and improvement of the natural environment, adopting the principles of the rational use of resources, energy efficiency, minimizing the generation of waste, the protection of the biodiversity, environmental vigilance and the prevention of contamination. Protection of the natural environment shall be integrated within the strategy of the Group, orienting the activity towards initiatives that promote the application of innovative measures that allow for environmental improvement and the use of technologies that are respectful to the natural environment.
- Scrupulously respect the applicable legislation in the business sector and countries where the Red Eléctrica Group is present, avoiding becoming involved in corruption of any kind, including extortion and bribery and acting in conformance with the principles set out in the Code of Ethics.
