Ethics and compliance
Ethics and compliance
We provide our employees training on the values that must guide their behavior, while communicating all of our actions in a way that's verifiable.
Ethics and transparency
Our values: The basis of our identity
We act responsibly and with integrity wherever we are present.
Our ethical behaviour includes not only strict compliance with the law, but also with the spirit of the law. To this end, we establish a set of objectives that ensure that the company promotes and encourages a culture of integrity and responsibility for all Repsol employees, as well as for our suppliers, contractors, and collaborating companies. We also define transparency and accountability as differential elements of our Sustainability Model.
To be credible, it's essential to be transparent
in a sustained manner.
Ethics and Compliance Committee
Repsol has an Ethics & Compliance Channel, as well as an internal information system which, in accordance with the applicable regulations, is based on the following general principles:
Right to anonymity
The Ethics and Compliance Channel allows both written and oral reports to be made anonymously. However, Repsol encourages reporters to identify themselves wherever possible, as this facilitates the processing of messages.
General commitment of confidentiality
Anyone participating in the processing of a report received or in any ensuing investigation, whether directly or indirectly, must observe strict rules of confidentiality regarding the information disclosed to them.
Confidentiality of the reporter's identity
The confidentiality of all information related to the persons affected — and especially the reporter's identity should this information be disclosed — is one of our guiding principles. Under no circumstances may any information that could lead to the identification of any of the persons involved in a report or investigation of such report be shared with anyone outside the reception and processing of a report, except where such disclosure may be required pursuant to a regulatory requirement or a legal proceeding.
Prohibition of retaliation
The reporter(s) and any persons assisting in an investigation may not be penalized or suffer any negative consequences or retaliation for this reason. This guarantee can be expanded to include other persons associated to the reporter in some way or form.
Rights of persons subject to investigation
A person who is under investigation has the right to be informed of the actions or omissions attributed to them and to be heard by the investigator(s). This person also has the right to the presumption of innocence, in addition to other rights afforded by law.
Personal data protection
All personal data will be processed according to applicable data protection law and pursuant to Title IV of the Whistleblower Protection Law in force in Spain.
One centralized channel
Repsol's Ethics and Compliance Channel is managed by an independent organization that provides reporting persons with various means of submitting reports (telephone, mail, or electronic form) regarding anything perceived to be a breach of the Company's Code of Ethics and Business Conduct or Crime Prevention Model, or of a possibly illegal act or infringement of applicable regulations. Any Repsol Group employee who receives a report regarding possible breaches that fall under the scope of the internal information system must immediately send it to the Ethics and Compliance Committee through the Ethics and Compliance Channel. Failure to meet these obligations by the recipient of any such report will be considered an extremely grave infraction.
The Ethics and Compliance Committee is the organizational body responsible for Repsol's reporting system. Its management duties and responsibilities are deposited the Company's Chief Compliance Officer.
We were once again recognized for our good tax practices.
The Foundation's report analyzes the tax indicators of IBEX 35 companies and awards us the highest score for complying with all 12 indicators analyzed. In this way, our good policies and practices are validated and our transparency regarding tax havens is highlighted. If you want to know more details, you can see the complete document |PDF| 5.35 MB.
This award is verifiable evidence of our compliance with the principles contained in our Tax Policy and, specifically, it represents the materialization of one of our tax objectives included in the Global Sustainability Plan |PDF| 7.2 MB.