Governance System
Governance System
Transparency, Ethics, and Good Governance
Transparency, Ethics, and Good Governance
At the Repsol Foundation, we keep our Governance System permanently updated, which is the set integrated by the following elements approved by the Board of Trustees:
Repsol Foundation Bylaws
Repsol Foundation Bylaws
They are the basis of our action principles as a Foundation. They are continuously evolving and adapting, including the governance best practices. In this way, we achieve information transparency for our stakeholders.
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Good Governance Code
Good Governance Code
Aimed at establishing the general guidelines that must govern the Repsol Foundation's conduct. It guides the members of its Board of Trustees, other bodies, and its employees in the execution of activities that materialize the Foundation's purposes.
In light of these considerations, the Board of Trustees of the Repsol Foundation approved this Code of Good Governance at its meeting on 21 November 2012. This was done in the interests of greater transparency and in line with best practices in corporate governance, with a view to better fulfilling the Foundation’s objectives.
Code of Ethics and Business Conduct
Code of Ethics and Business Conduct
Our Code of Ethics and Business Conduct ensures that everything we do is done responsibly and honestly and reflects our commitment to respect human rights, equal opportunities, environmental protection, and transparency of information. All of our employees make this commitment, particularly leaders, directors, and members of the Board of Trustees, who apply the Code in all their decisions and lead by setting an example for all of us who form part of the Foundation.
Under these premises, the Repsol Foundation's Board of Trustees approved this Code of Ethics and Business Conduct at its meeting on November 14, 2023.
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Crime Prevention Model
Crime Prevention Model
The Repsol Foundation's Crime Prevention Model is the formal framework made up of activities, processes, regulations, and internal controls that are applied on an ongoing basis, and allows for the identification, assessment, mitigation, and prevention of criminal risks.
Its methodology is based on the highest international standards and reference frameworks for internal control, integrated risk management, and compliance.
The Model is characterized as a continuous and dynamic management system. It is adapted at all times to the circumstances that determine the evolution of the Foundation or the legal variations that may occur.
The Repsol Foundation has zero tolerance with respect to conduct that may involve regulatory breaches of a criminal nature.
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Code of Ethics and Conduct for Collaborators and Suppliers
Code of Ethics and Conduct for Collaborators and Suppliers
Collaborators and suppliers, although independent organizations, actively participate in the value chain of the activities we carry out. This Code, marked by an ideal of cooperation, is aimed at mutual benefit, respecting each role at all times.