Corporate Ethics

Responsibility, sustainability, innovation and solvency

At Baleària, we consider ourselves to be a responsible and solvent company, and we try to demonstrate this in our day-to-day actions. We understand that being responsible means doing the right thing for the company, for our stakeholders and for the planet. Being solvent means not only paying lip service to this concept, but also delivering on it. Ethics and compliance are essential for upholding these values and fulfilling the legitimate expectations of our stakeholders. This is the basis of our Code of Ethics. As a member of the Spanish Global Compact Network, Baleària has incorporated the Sustainable Development Goals (SDGs) into its business model. The SDGs are a key part of the United Nations' 2030 Agenda. These goals have become our roadmap for good business and, at the same time, contribute to inclusive and sustainable economic growth. A company that does the right thing is a good company, and being a good company is the best way to build a good society.

Ethical code

The management board of Baleària establishes that risk management is one of the key pillars of the internal control system, and therefore of the Company's own strategy. For some years now, the company has had an Ethics and Compliance Committee that reports directly to the company's management.

Its function is risk management, establishing a matrix that includes the identification of criminal risks to which the Company is exposed, as well as the catalog of controls. This is based on various aspects: applicable regulations and risks identified in interviews with the heads of each area. Additionally, the Committee establishes a specific matrix of ethical risks, defining and identifying those risks and breaches of the company's Code of Ethics and Conduct. These quarterly reports are reviewed by management to make decisions accordingly.