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