At Repsol, we are firmly committed to strictly complying with regulations that prevent and combat corruption, according to the principles outlined in the Code of Ethics and Business Conduct. We also expand compliance not only to all of the employees belonging to the companies the Repsol Group manages directly or indirectly , but also to our business partners.
With the aim of preventing corruption, Repsol is committed to performing all of its operations in accordance with the applicable laws in all areas of activity and in all the countries in which we operate by respecting their spirit and purporse. Accordingly, Repsol will:
We have the appropriate mechanisms to prevent, detect, and investigate cases of corruption: our crime prevention model aims to prevent and, if necessary, uncover the criminal activity of any company employee.
This model is expressed in formalized compliance and monitoring procedures which have controls aimed at mitigating the risks of non-compliance with both internal and external regulations, including compliance with our Code of Ethics and Business Conduct. We evaluate the effectiveness of these models and also have due diligence processes prior to the acquisition or exchange of assets, mergers, partnerships, or joint ventures that evaluate and manage these risks.
Repsol has drafted and distributed throughout the entire organization a Crime Prevention Manual, which is meant to serve as a guide to understanding the main criminal risks the company faces and what is expected of its employees in order to prevent them.
We work to extend corruption prevention throughout our value chain, up to the point of carrying out audit processes in non-operated assets. In those activities where we are present as a company but do not carry out operations, we consider it essential that our partners maintain ethical, social, and environmental standards comparable to ours. Additionally, we conduct audits to analyze the specific needs and particularities of each operation and include related clauses in the agreements we enter into with our counterparts.
We also conduct similar audits in the supplier and contractor rating processes and have our own Code of Conduct for suppliers and contractors which describes the conduct we expect from them in relation to corruption.