Supplier Code of Conduct

Supplier Code of Conduct

The objective of the Supplier Code of Conduct is to make our suppliers fully aware of the general principles that need to be observed while carrying out their work and professional activity within their different scopes of action.

The code is aimed at all those suppliers that provide goods and/or services, which makes it essential that suppliers understand and fully comply with it in the contracts entered into with the Company

We 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 General Conditions of Contract. The acceptance of the Code entails that the supplier accepts the possibility of being audited by the Commpany 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 Code of Ethics and Conduct.
 

Cover of Code of conduct

 

Social audits

The Company 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 us, 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 the Company 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.