Governance impact
We foster ethical and transparent management.
Governance model
In line with best practices, Navantia has established a corporate governance model that strengthens systems for overseeing and controlling activities, managing risks and developing people, ensuring compliance with internal and external requirements. The company is also committed to reinforcing the governance model for responsible business, integrating sustainability into strategy and decision-making and aligning sustainability objectives with the challenges of the 2030 Agenda.
Corporate Governance Code
Navantia's Corporate Governance Code defines the foundations of the management system under which the company bases and develops its activity in accordance with its own process structure and governance model. These are defined and linked through a documentary structure drawn up for this purpose based on uniform, regulated and binding criteria.
Risks
Navantia bases its internal control and risk management system on a combined assurance model built around three lines, taking international best practices as a benchmark. This principles-based model has been adapted to the organisation's circumstances and objectives, and represents the coordination, cooperation, alignment and feedback between the different parts of Navantia to collectively contribute to value creation and protection, thereby improving risk coverage and control functions.
Sustainable Public Procurement
Navantia promotes a Sustainable Public Procurement strategy that integrates ESG criteria into all purchasing and contracting decisions, considering not only environmental aspects but also social and ethical ones. This policy seeks to strengthen relationships with its supply chain and suppliers, incorporating the three priority vectors in any sustainability scenario. The company already applies these criteria in most of its tenders and, to consolidate this approach, has drawn up a specific guide and set up a working group dedicated to Sustainable Public Procurement.
UN Global Compact
Navantia is a signatory to the United Nations Global Compact and works closely with other institutions and public and private initiatives that uphold Human Rights and promote the development of labour, environmental and anti‑corruption standards in corporate activities and business strategy.
Human Rights
Navantia plays an important role in the promotion and protection of people through its corporate commitment to Human Rights and Due Diligence. This commitment publicly states the company's position in this area, in line with national and international legislation and in anticipation of the requirements of the EU Corporate Sustainability Due Diligence Directive (CSDDD).
Reporting and Transparency
Navantia has a Corporate Governance model that establishes the foundations of the company's strategy and contributes to integrity, efficiency and agility in management. This model strengthens systems for overseeing and controlling activities, managing risks and developing people, ensuring compliance with internal and external requirements.
The company also has a Corporate Governance Code that covers all policies and regulations and sets the framework for the development of Navantia's Management System structure and operation.