Atlantica is building a sustainable and successful business for its customers, colleagues, partners and investors. This success must be delivered the right way by doing the right things.
Integrity, Compliance and Safety are our main core values and they prevail over the rest. We continuously strive for the highest standards of business conduct, safety and professionalism even if it means making difficult choices. We are strongly committed to comply with all rules and regulations.
Atlantica is committed to maintaining the highest standards of honesty, integrity and ethical conduct. We are also committed to promote ethical business practices and to comply with all relevant laws and regulations.
In this regard, the Company adopted a Code of Conduct to ensure consistent and effective commitment of all employees with Integrity and Compliance. The Code is applicable to all directors, officers and employees of Atlantica Yield Plc and each of its subsidiaries, wholly owned entities, and joint ventures. The Code of Conduct is acknowledged by all the employees every year. In addition, we organize trainings on our management policies, which include the review of our Code of Conduct.
Our Code of Conduct requires the highest standards for honest and ethical conduct and explicitly states that we do not tolerate bribery and corruption in any of its forms. We also promote and strengthen the measures to prevent and fight corruption more effectively and efficiently. Our anti-bribery and corruption policy apply to all Atlantica businesses.
The business activities of Atlantica are governed by laws that prohibit bribery in order to support global efforts to fight corruption. Specifically, the U.S. Foreign Corrupt Practices Act (“FCPA”) and the UK Bribery Act 2010 make it a criminal offense for companies as well as their officers, directors, employees, and agents, (or any other person) to give, request, promise, offer or authorize the payment of anything of value (such as money, any advantage, benefits in kind, or other benefits) to a foreign official, foreign political party, officials of foreign political parties, candidates for foreign political office or officials of public international organizations for the purpose of obtaining or retaining business. Similar laws have been, or are being, adopted by other countries. Private bribery is also illegal under U.S. laws, the UK Bribery Act, and the laws of other jurisdictions in which we operate. Payments of this nature are strictly against Atlantica’s policy even if the refusal to make them may cause Atlantica to lose business.
Anti-corruption is an area of special focus. As a company present in different countries, we believe that some of our locations may have a higher risk of corruption practices. For this reason, we pay special attention in conveying to the entire organization that all forms of corruption are completely forbidden.
In 2018, Atlantica nor any of its subsidiaries made any financial or in-kind political contributions, whether directly or indirectly.
In addition, Atlantica has subscribed and assumed the document issued by the United Nations (UN) Convention against Corruption, which was approved by the General Assembly of the UN on October 31, 2003. We have a responsibility to our shareholders and the countries and communities in which we do business to be ethical and lawful in all our businesses.
Given the nature of our business, we believe the risk of modern slavery is low. However, we do not intend to be complacent and will continue to work to improve our policies and procedures to ensure slavery and human trafficking is not taking place anywhere in our supply chain. In November 2018 the Board of Directors approved the UK Anti Modern Slavery & Human Trafficking Statement, you may also find this Statement on our website. Under this statement, we have carried out an analysis of our supply chains across the jurisdictions in which we operate. Atlantica has several subsidiaries and therefore the statement is made at group level, intending to cover all Atlantica’s entities within the Scope of Modern Slavery Act 2015. Atlantica has zero tolerance to modern slavery and we are proud to confirm that no incidents of modern slavery were reported or identified during 2018.