The Code of Ethics includes the principles and rules of conduct to which all company practices must be referred, with a view to safeguarding Acea’s correctness and transparency, reliability and reputation. The corporate bodies, management, employees, external collaborators and any and all other parties associated with the Acea Group are required to observe these principles, each according to their respective functions, powers and responsibilities.
In 2018, with a joint effort by the company’s departments assisted by outside experts, a revision of the Code’s contents was carried out, in order to combine the company’s basic values with the needs determined by the group’s new strategic objectives and the dynamics of the external situation. Of the aspects introduced or enhanced, we call attention to the following:

  • the anticipated Code revision procedure open to active contribution from all stakeholders, in order to highlight deficiencies or points for improvement 
  • the valorisation of diversity and promotion of surveys to monitor organisational well-being
  • introduction of the principle of precaution in the case of even potential hazards for health and the environment 
  • the commitment to manage production processes by enhancing the circular economy  

Acea undertakes to promote dissemination of the Code of Ethics and to encourage awareness of its contents. Compliance with the Code is, in fact, of fundamental importance for the pursuance of development and efficiency objectives, business reliability, the safeguarding of the company’s reputation and the contribution that Acea intends to make to the social and environmental context of its operations.

With this in mind, in 2020 we established the Ethics Officer, a collective body whose purpose is not only to manage the reporting system but also to oversee compliance with the values expressed in the Code of Ethics in dealings with all stakeholders. The Ethics Officer supports the company structures appointed to draw up the Code of Ethics, and the Ethics and Sustainability Committee, in monitoring the Code’s adequacy and implementation. The Ethics Officer can propose the adoption and amendment of guidelines and operating procedures, if any, with a view to reducing the risk of violations of the Code, and can propose to the Committee possible Code of Ethics updates.