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Policies

Anti-Corruption Policy

Our aim

To reiterate Repsol’s commitment to comply with regulations that prevent and combat corruption, along with the development of principles contained in the Code of Ethics and Business Conduct and expand compliance not only to all employees of all the companies of the Repsol Group, whether directly or indirectly managed by Repsol but also to our business partners .

Our commitments

Repsol rejects all forms of corruption and will apply a zero-tolerance approach in respect to any breach of this policy.

To prevent corruption, Repsol will perform all its operations in accordance with the applicable laws in all areas of activity and in all the countries in which we operate, respecting their spirit and purpose. Accordingly, Repsol will:

  • Not exert any influence on the will or objectiveness of persons in order to obtain a benefit or rewards through practices that are unethical or contrary to applicable laws.
  • Not give, promise or offer, directly or indirectly, anything of value to any person or entity in order to obtain undue benefits for the Company.
  • Not allow any facilitating payment.
  • Not finance or support directly or indirectly any political party or its representatives or candidates.
  • Not use donations to conceal undue payments.
  • Not request or unduly receive, directly or indirectly, commissions, payments or rewards from third parties as a result of investments, divestments, financing or expenditure made by the Company.
  • Pay special attention to those cases where there appears to be lack of integrity with any person or entity with whom we deal with, to ensure that Repsol establishes business relationships only with qualified and reputable persons or entities.
  • Accurately record all financial transactions in the Company's books and records.
  • Promote internal training on preventing and combating corruption.

Employees that have evidence, questions or suspicions regarding any form of corruption must report immediately to their supervisor, Legal Services, or to the Repsol Chief Compliance Officer. Employees and third-parties may also raise their questions or concerns through the Repsol Ethics and Compliance Channel

Repsol will not tolerate any retaliation against anyone who in good faith asks questions or makes a report of actions that may be inconsistent with this policy.

Employees who act contrary to this policy are subject to discipline, which could include termination as well as possible legal proceedings and penalties. Legal consequences imposed under anti-corruption laws can also have a serious impact for both employees and Repsol.

Repsol reserves the right to adopt the measures it considers appropriate against any business partners who do not comply with this policy.

All Repsol employees are responsible for complying with this policy.

This policy was approved by the Board of Directors of Repsol, S. A. on March 29th, 2017.

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