“We are what we repeatedly do. Excellence, then, is not an act, but a habit.” Aristotle was inspired to write this without knowing that 25 centuries later, just as individuals have criteria for ethical behaviour, organisations that bring them together need a common consensus on conduct in order to help them pursue their goals with a forward-looking outlook and a constant eye on their voluntarily adopted ethical values.
Respect, integrity and sustainability are the three ethical values that form the basis of the new ‘Code of Conduct and Ethics’, approved by Red Eléctrica Group and including the 88 good practices grouped into 15 principles, in line with the Sustainable Development Goals and the company's sustainability and governance commitments.
This Code, which both employees and the whole organisation commit to comply with when carrying out their business, groups these principles into three types of fields according to the relationships that the company and its employees maintain in their day to day activities:
The ‘Code of Conducts and Ethics’, which the entire workforce has participated in drafting, is mandatory for everyone in the Red Eléctrica Group and its global vision means that these ethical behaviour guidelines apply to the different processes that make up the supply chain.
Furthermore, the Compliance Policy adopted by the Red Eléctrica Group establishes the Group's commitment to the prevention, detection and response to conduct that contravenes the legal obligations and commitments voluntarily assumed by the company in accordance with the values, principles and guidelines contained in its Code of Ethics and Conduct.