Repsol ethics
Our values
We have our own Code of Ethics and Business Conduct to regulate our behavior model in all our activities and operations beyond what is legally required of us.
Our values are efficiency, respect, anticipation, and value creation. They are the basis of our identity as an exemplary and upstanding global company that strives for the well-being of people and works to build a better future.
The actions of each and every person who forms part of Repsol determine both the present and future of our company. We therefore have our own Code of Ethics and Business Conduct which establishes a reference framework for the kind of behaviors and standards which we expect from each and every one of our employees in their daily work. As it is impossible to anticipate all situations that could occur in our work, we have a basic set of guidelines for personal and professional behavior, and we communicate all of our actions truthfully, clearly, and responsibly.
Our Code of Ethics and Business Conduct ensures that everything we do is done responsibly and honestly throughout the entire value chain and that it reflects our commitment to respect human rights, equal opportunities, environmental protection, and transparency of information. All of our employees make this commitment, particularly directors and members of the Board of Directors, who apply the code in all their decisions and lead by setting an example for all of us who form part of the company.
We have no doubt that training and awareness are key to effectively transmitting the Code of Ethics and Business Conduct to our employees, which is why throughout the year we organize different sessions and courses aimed at providing an in-depth explanation regarding its scope and the obligations it involves. The code also serves as a reference guide for our relations with third parties, as well as with partners, suppliers, and collaborating companies, and helps to strengthen relations both with our stakeholders and with society as a whole.
Ethics and Compliance Committee
Our Ethics and Compliance Committee was founded in 2006 and is made up of company directors who demonstrate senior management’s commitment to all matters of ethics and transparency. The committee’s functions include:
Additionally, the Ethics Committee forms part of the Repsol Crime Prevention Body in accordance with Article 31 bis of the Spanish Criminal Code and it supervises our Crime Prevention Model aimed at preventing the risk of criminal acts. The committee carries out the corresponding duties of prevention, response, verification, and reporting.
Lastly, the committee is in charge of managing our Ethics and Compliance Channel.
See our sustainability reports and policies