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Ethics and Business Conduct

Our reference framework and responsibilities

Discover our Code of Ethics and Business Conduct

Code of Ethics and Business Conduct

The company's Code of Ethics and Business Conduct provides minimum standards of conduct that guide our professional behavior while performing our professional activities and places special emphasis on:

  • Responsibilities with respect to information and asset protection
  • Responsibilities in the market
  • Mutual responsibilities
  • Responsibilities towards customers and business partners
  • Responsibilities as citizens

The key: training and awareness-raising

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Culture based on ethics

All of our employees must internalize the forms of action established in the Code of Ethics and Business Conduct.

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Continuous learning

Each year, we create a communication campaign aimed at all employees to reinforce the importance of the Code and the content it promotes.

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Motivation and involvement

To this end, we develop interactive training courses such as The Conduct Challenge Reloaded, combining gaming with our ethical principles.

Learn more

A Committee in charge of ensuring compliance with the Code of Ethics and Business Conduct

Our Ethics and Compliance Committee is made up of a multidisciplinary management team with the following responsibilities:

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  • Awareness-raising: promotes knowledge and provides advice on its interpretation and application.
  • Advisory services and establishment of control mechanisms: proposes actions and control mechanisms to promote, supervise, and, where appropriate, assist in their compliance.
  • Resolving non-compliance: binding resolution on the existence of non-compliance with the Code of Ethics and Business Conduct.
  • Investigations: gathers information from Repsol, as well as opening investigations into any matters that come to its attention.
  • Freedom from reprisals: ensures that no retaliation takes place.
  • Confidentiality: adopts the necessary measures to maintain confidentiality.
  • Reporting: reports to the company's governing bodies on its activities, keeping a statistical record.

Meet the guardians of our ethics

The Ethics and Compliance Committee is made up of senior management professionals from different areas who have a shared commitment: to enforce ethics within our organization. People like you, committed to our ethical values and regulatory compliance.

Pablo Blanco

Pablo Blanco

Chairman

Pablo Blanco
Carmen Muñoz

Carmen Muñoz

Vice Chairwoman

Carmen Muñoz
Isabel Moreno

Isabel Moreno

Board Member

Isabel Moreno
Rafael del Portillo

Rafael del Portillo

Board Member

Rafael del Portillo
María Díaz Aldao

María Díaz

Board Member

María Díaz
Miguel Torres

Miguel Torres

Secretary

Miguel Torres

Ethics and Compliance Channel: open to all, 24/7

This channel, in compliance with current legislation, allows any person, supplier, and employee to contact us confidentially.

·         Management by an external company to ensure objectivity.

·         By phone and online.

·         To report a problem or infraction.

Go to the Channel

Fundamental principles of our Ethics and Compliance Channel

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Right to anonymity

The Ethics and Compliance Channel admits the possibility of making anonymous communications verbally or in writing. However, Repsol encourages whistleblowers to identify themselves, as this facilitates the processing of communications and the application of the corresponding guarantees and protections.

Repsol's Ethics Communications Center

Communication channel

As the only internal channel for communications under this Internal Information System, Repsol has an Ethics and Compliance Channel managed by an independent entity. This offers whistleblowers the possibility of making communications in various ways (phone, email, or electronic form) in relation to possible breaches of the Code of Ethics and Business Conduct, the Crime Prevention Model, or the possible commission of a crime or infringement of applicable regulations.

Meeting with Repsol's Ethics and Compliance Committee heads

System manager

The Ethics and Compliance Committee is the collegiate body responsible for Repsol's Internal Information System, which has delegated its management powers to the Chief Compliance Officer.

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Prohibition of reprisals

Bona fide whistleblowers and persons who cooperate in an investigation will not be penalized or suffer any negative consequences or retaliation for this reason. This guarantee may be extended to persons associated with the whistleblower.

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Confidentiality of the whistleblower's identity

Persons participating directly or indirectly in the processing of communications and in the corresponding investigations must maintain strict confidentiality of the information received. In no case shall any information that would allow identification be communicated to anyone outside the receipt and processing of the communication.

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Rights of the person being investigated

The person under investigation has the right to be informed of the actions or omissions attributed to them and to be heard by the investigator. In addition, the person shall have the right to the presumption of innocence, the right to honor, and other rights provided for in the applicable regulations.

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Personal data protection

Personal data will be processed in accordance with the applicable data protection legislation and, specifically, in accordance with the provisions of the Whistleblower Protection Law.

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General confidentiality guarantee

Persons directly or indirectly involved in the processing of communications and investigations shall maintain strict confidentiality of the information received.

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