Ethics and transparency

For more than a hundred years, the practices of good governance, ethical conduct as an organization and transparency in our work have formed part of our corporate identity. They are present on a daily basis in our actions and in the relations with our stakeholders. This is because we understand ethics and transparency as intrinsic elements of the very functioning of the Group.

The Agbar Group was sensitive to the good practices in good governance recommendations, drawn up in the Olivencia Code, in the Aldama Report and in the Unified Code of Good Governance. Likewise, it responded to the requirements stemming from the Transparency Law of Public Limited Companies (Law 26/2003, of 17th July, of Modifications of the Equity Market Law and of the Public Limited Companies Law). All of this has been done with the objective of championing the precepts of transparency stemming from these recommendations and the Law. The Group draws up its Corporate Governance Report annually and on its corporate web page (www.agbar.com), reports on the various aspects of Corporate Governance established by legislation.

The Agbar Group has drawn up the principles of behaviour of the organization and of all its professionals in a Code of Ethics. . Gathered therein are the values which identify our organization and precepts are established which its companies and personnel are expected to adhere to, integrating them into decision-making, strategies, processes and actions.