Compliance
Commitment to integrity and regulatory compliance.
Commitment to integrity and regulatory compliance.
The Business Code of Conduct sets out the standard of conduct that Navantia seeks to uphold across its business activities, reflecting its commitment to its principles and values.
The Business Code of Conduct applies to all those who provide services at Navantia as directors, executives or employees, who must ensure that their behaviour complies with the standards set out therein.
Navantia also has a specific Code of Conduct for Business Partners. This Code is aimed at all customers, partners, suppliers, advisers and other persons or entities that have dealings with Navantia and is intended to define their behaviour parameters, through basic principles of conduct, for the duration of their relationship with our Company.
Business partners must accept this Code of Conduct and it will be attached to their respective contracts.
Navantia has developed a model for preventing criminal offences, together with procedures and controls designed to effectively prevent and mitigate the associated risks. Navantia’s Compliance Manual describes the Compliance System implemented by the company from the perspective of the Spanish Criminal Code.
The Compliance Manual provides a detailed analysis of the criminal risks that could potentially arise across Navantia’s various areas of activity, taking into account both the policies and controls in place and the exposure to criminal risks identified in specific processes, based on the sector in which Navantia operates and the activities it carries out.
The purpose of the Manual, together with the other procedures and policies developed, is to ensure (i) an effective culture of ethics and compliance throughout the company and (ii) to minimise the risk of unlawful conduct by anyone providing services to Navantia, including directors, executives and employees, as well as representatives, agents and other third parties on whom Navantia relies in carrying out its activities.
This is an autonomous body for initiative and control, entrusted by the Board of Directors with promoting and coordinating the implementation, supervision and control activities, as well as the continuous improvement of the Compliance Management System.
It is made up of the Director of the Board Secretariat and Compliance, who acts as Chair, and the Directors of Human Resources (HR), Legal Affairs (DAJ), Finance (DIF) and Technology and Digital Transformation (DTTD).
As a control body, the Compliance Committee has a direct line to Navantia’s Board of Directors, to which it regularly reports on its main activities.
Navantia promotes active disclosure and meets its obligations by periodically and regularly publishing relevant information to ensure transparency in its activities, making it available to the public.
The organisation Transparency International positively assesses this active disclosure by Navantia and places the company at level “C” in its latest Defence Companies Anti‑Corruption and Corporate Transparency Index (DCI), published in February 2021. The index assesses the public commitment to combating corruption and transparency in the policies and corporate procedures of 134 major defence companies worldwide.
Navantia’s Ethics Channel is a communication channel through which employees, suppliers, agents, business partners and other third parties related to the company can report suspected or actual incidents that may be contrary to the law (criminal or administrative, serious or very serious) or to the conduct laid down in Navantia’s Business Code of Conduct.
This mechanism is also available for submitting queries on questions that may arise regarding the application of the company’s internal rules and procedures relating to Regulatory Compliance.
Navantia is certified to ISO 37001:2016, Anti-bribery management systems, and UNE 19601:2017, Criminal compliance management systems. These certifications demonstrate our commitment to integrity, corporate ethics and compliance best practice, and attest that Navantia has a framework for preventing, detecting and responding to bribery and corporate criminal liability risks in line with demanding international standards.
