The code is aimed at all those suppliers that provide goods and/or services to Red Eléctrica, which makes it essential that suppliers understand and fully comply with it in the contracts entered into with Red Eléctrica.
Red Eléctrica will monitor and ensure the continued application of these principles by the suppliers. The principles of conduct contained within this Code are structured within three main areas: the supplier's relationship with its employees and contractors, with Red Eléctrica and with the environment.
The Code, which is revised periodically, became effective as of 1 January 2013 and from that moment it became part of Red Eléctrica’s General Conditions of Contract. The acceptance of the Code entails that the supplier accepts the possibility of being audited by Red Eléctrica to verify its compliance. In the event that a supplier does not agree to be audited, such supplier will no longer be able to participate in new tenders.
The code is reviewed periodically and the current document, in force since June, 2020, is aligned with Grupo Red Eléctrica’s Code of Ethics and Conduct.
Red Eléctrica conducts social audits not only in order to verify the correct compliance with the Supplier Code of Conduct among our suppliers, but also to transfer the principles of responsibility of the Company to its suppliers.
To do this, the company creates a Social Audit Plan every year and monitors its implementation. It can also run a social audit when it perceives an indication of non-compliance with an ethical, social or environmental requirement that all suppliers must accept and satisfy to work with Red Eléctrica, including the commitment to extend them to their own supply chains, either through its open communication channels with suppliers, or when its monitoring reveals an increased risk of this.
The result of these audits will be agreed action plans with all the suppliers who have been identified as non-compliant, to encourage their adoption. Monitoring will enable Red Eléctrica to measure progress and observe the improvements implemented, or to take action in the opposite case.
In the case of subcontracting, the supplier shall be responsible for ensuring that its contractors carry out their activity in compliance with all the principles mentioned previously.