At Duro Felguera, the consideration of ESG criteria implies taking into account environmental, social and governance factors in its decision-making.
E– The application of environmental criteria in Duro Felguera has to do with the interaction and consequences for the environment that the development of its activities may have. Therefore, key factors in its strategic development are the transformation towards a business model based on renewable energies that lead the transformation towards a sustainable energy system that allows us to tackle climate change.
The definition of more efficient energy policies to reduce the company’s Carbon Footprint, or the performance of Energy Audits, are some of the initiatives being carried out by Duro Felguera to make decarbonisation compatible with economic development and the well-being of society.
S– The application of social criteria in Duro Felguera is a determining factor in assessing how it carries out its business activities with respect to the objectives of its stakeholders. That is to say, how it acts in reference to the expectations of its suppliers, its workers, its shareholders, the administrations, etc. They include aspects related to health, training, human rights and workers’ rights.
In the same vein, the Recommendations of the Good Governance Code of Listed Companies indicate the need for listed companies to define and promote an adequate corporate social responsibility policy, as a non-delegable power of the Board of Directors, offering sufficient information in a transparent manner on its development, application and results; and which should include the principles and commitments that the company voluntarily assumes in its relationship with the different stakeholders.
In accordance with the above, Duro Felguera has a Corporate Social Responsibility Policy that sets out the main aspects and commitments of the company and its group in CSR matters. Its purpose is to establish the basic principles and the general framework for action, the basis of the corporate responsibility strategy and practices assumed by the Company, all in accordance with the applicable regulations, the internal rules of Duro Felguera and the best corporate governance practices.CSR POLICY
G-Finally, the corporate governance criteria in Duro Felguera are related to the transparency of the company’s information, both accounting and non- accounting, to the degree of decision making given to the company’s shareholders, to how conflicts of interest of directors are managed or avoided, etc.
Duro Felguera has a Code of Conduct that establishes the principles of corporate conduct that must guide the behaviour and decision-making of DF professionals in the performance of their professional responsibilities with employees, customers, suppliers and any interested party that may interact with the organisation.
Its widespread application will ensure that the legal regulations are respected and that the Group’s values are transmitted internally and externally. Therefore, the Code is a mandatory rule for all professionals who, directly or indirectly, act in the name and on behalf of the Duro Felguera Group.CODE OF CONDUCT
Duro Felguera, as a reinforcement of its commitment to business ethics and transparency in all areas of its activities and encouraging all members of its stakeholders to participate in a corporate culture based on integrity, has a channel, called the Ethics Line, to collect in a totally confidential and independent manner any incident or information related to non-compliance with its Code of Conduct and the Company’s Crime Prevention Model or with any of its Policies.