We are a global operator of essential infrastructure
Compliance culture
For Red Eléctrica, ethics and compliance are fundamental pillars in the undertaking and execution of its activity, which means maintaining an honest, ethical and transparent business conduct in the relationship and commitment it has with all its stakeholders.
Values
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All suppliers having a contractual relationship with us must respect our Suppliers Code of Conduct.
Honesty in relations
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We expect impeccable working relationships, with all corrupt practices prohibited.
Excellence
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We demand the same best practices standards from our suppliers that we demand of ourselves.
The Group has different mechanisms to strengthen our integrity and prevent bribery and corruption in our relations with our suppliers:
Code of Ethics and Conduct
Contains the ethical conduct guidelines to be followed, formulated through principles and commitments, and constitutes a firm commitment by the Company to ethical and transparent management as the engine to consolidate its image and achieve an enhanced reputation.
Suppliers code of conduct
This code is intended to spread and promote responsible values and practices for the suppliers' working and professional conduct within their different areas of activity.
Compliance Policy
This policy establishes the principles that govern the Group’s commitment to prevent, detect and respond to any behaviour that goes against the legal obligations and commitments that the company has voluntarily accepted.
Criminal and Anti-Bribery Compliance System
It is the model for preventing, supervising and monitoring criminal risks and preventing bribery
Guide to prevent corruption: Zero tolerance
Establece los principios y mecanismos para la implementación de unas relaciones comerciales intachables. Esto implica la prohibición de toda práctica de corrupción, soborno o pago de facilitación en todas sus formas, de acuerdo con los valores y compromisos recogidos en el Código Ético y de Conducta.
Implementation of controls
To mitigate potential risks for supplier non-compliance with a standard or law, such as conducting social audits, segregation of functions in the purchasing process and the implementation of the process in its entirety through systems that allow regular audits and traceability.
Due diligence process
To establish the criteria and measures necessary to provide the Group with a suitable method for selecting and monitoring the integrity of any third parties with whom it has a relationship, including its suppliers.
Through its codes, policies, systems and guides, the company demands that its own employees and those of third parties who act on its behalf or with whom it has ties in the course of its activities comply with the highest integrity standards when carrying out their business activities by not offering bribes, hospitality, illicit payments or any kind of gift to any company employee, nor engage in illicit business practices that act against free competition, nor may they disclose nor use confidential information improperly for their own benefit. They must encourage the commitment to responsible purchasing in all provisioning processes.
The company also has a Data Protection Compliance System with specific mechanisms to regulate and adapt to the General Data Protection Regulations and the Organic Law on the Protection of Personal Data and guarantee of digital rights in contracts for services that require the processing of personal details by the suppliers responsible for this processing, to guarantee that the data in question is suitably protected.
We make various channels available to our suppliers to facilitate and improve our attention towards them. Any queries or possible breaches of the Code of Ethics and Conduct and the Supplier Code of Conduct must be addressed to the Ethics Manager through the Ethics and Compliance Channel.