Our Code of Ethics
Performing with the highest ethical standards of business conduct is a key competitive strength — critical to maintaining market presence.v
Overview:
Code of Ethics and Business Conduct
Our presence requires training on applicable European and international laws, including anti-corruption laws, antitrust / competition laws, and trade laws. All employees are expected to uphold the highest ethical standards of business integrity. Each must comply with all applicable laws and accurately record and track all business transactions.
Employees are subject to disciplinary action, including termination, for violations of our policies. Employees receive training on our ethics policy through business practices reviews, including a detailed review of our Standards of Business Conduct, implementation guidelines and procedures, and the Corporation’s antitrust, anti-corruption, and international operations policies. These general training sessions, in addition to more comprehensive training given to relevant functions on a more frequent basis, are a condition of employment at Mediterranean Infrastructure Holding and its affiliates and subsidiaries.
Our conduct guidelines
We are committed to acting at all times in accordance with the law, with its internal Regulatory System that it has established, with internationally accepted ethical practices, and with respect for human rights and freedoms.
We reject any manifestation of physical, psychological or moral abuse or abuse of authority, as well as any other behaviour that may generate an intimidating or offensive environment in terms of the rights of people.
We promote the professional and personal development of all our employees, guaranteeing equal opportunities through employment policies.
We foster an environment of cooperation and teamwork in order to better harness skills and resources.
We promote the adoption of occupational health and safety policies, adopt the preventive measures established in the current legislation of each country, and ensure regulatory compliance in this area at all times.
We make the resources available to employees that are necessary for performing their professional activities, and we are committed to providing the resources required for their protection and safety.
Corruption and bribery occur when employees make use of unethical practices to obtain any benefit for the company or for themselves. Corruption and bribery are categories of fraud. Our company is against influencing the will of people outside the company to obtain any benefit through the use of unethical practices. Neither does it permit other people or entities to use these practice with its own employees.
Our company establishes policies in its operations to prevent and avoid irregular payments and the laundering of money originating from illicit or criminal activities.
We consider that one of the basic elements that contributes to our corporate image and reputation is the establishment of responsible citizen relationships in the communities in which we carry out our activities.
Conflicts of interest appear in circumstances where the personal interests of employees, directly or indirectly, are contrary to or conflict with the company’s interests, interfere in the compliance of their professional rights and responsibilities or involve them personally in any of the company’s transactions or economic operations. We consider that the relationship with our employees must be based on loyalty arising from common interests.
We consider information and knowledge as one of our primary and essential assets for corporate management, and as such it is object of special protection. The accuracy of information is a basic principle of our actions, whereby employees must accurately convey all the information they have to communicate, internally and externally, and shall in no case provide, to the best of their knowledge, incorrect or inaccurate information that may mislead its recipients.
We undertake, lead and drive a commitment to quality, providing the resources required to achieve excellence and establishing the appropriate resources for guaranteeing that the quality policy is practised by all employees in accordance with these principles.
Our aim is to create value for our shareholders constantly, which is why we are committed to providing objective, transparent, appropriate and timely information about the company’s evolution equally to all our shareholders. Likewise, we are committed to building the foundation necessary for our shareholders to participate in the decisions that are theirs to decide.
We consider our suppliers and collaborating companies as an essential part of achieving our objectives for growth and improving service quality, seeking to establish relationships with them based on trust and mutual benefit.
Preserving the environment is one of our basic principles. Consequently, we have defined a policy and implemented an environmental management system.
No one in the Company/Group has the authority to make exceptions or grant waivers to the Corporation’s foundation policies. It is recognized that there will be questions about the application of the policies to specific activities and situations. In cases of doubt, directors, officers and employees are expected to seek clarification and guidance. In those instances where the Company, after review, approves an activity or situation, the Company is not granting an exception or waiver but is determining that there is no policy violation. If the Company determines that there is or would be a policy violation, appropriate action is taken.
Thank you for your commitment to ethics and compliance.
