BUSINESS ETHICS

The importance of business integrity

Respect for values, integrity and correctness are a constant commitment for all Expand personnel in the management of the corporate activities.

In particular, expand pays attention to the acknowledgement and safeguarding of the dignity, freedom and equality of human beings, to the protection of labour and the freedom of trade unions, to health, safety, the environment and biodiversity, as well as to values and principles relating to transparency, energy efficiency and sustainable development, in accordance with international institutions and conventions.

Respect for human rights is the foundation for an inclusive growth of populations and regions, and consequently of the companies that develop in them. Expand contributes to the creation of the socio-economic conditions required for the effective enjoyment of fundamental rights and promotes the professional growth and well-being of its own local human resources.

In its business relations, no matter how significant they are, Expand is inspired by and complies with the principles of loyalty, fairness, transparency, efficiency and openness to the market.

Expand operates in the reference framework of the Universal Declaration of human rights adopted by the United Nations, the fundamental conventions of the ILO (International Labour Organisation) and the OECD Guidelines for multinational enterprises. The company repudiates any form of discrimination, corruption, forced labour or child labour.

To this end, expand undertakes to maintain and strengthen a governance system in line with international best practice standards, able to deal with the complex situations in which Expand operates, and with the challenges it faces for sustainable development. To Expand, sustainability means working with the awareness of the responsibility it has towards all it stakeholders. Guaranteeing collaborative relationships based on fairness with each stakeholder is essential to the success of the projects that the Company is involved in. Expands sustainability model guides all business processes. It is oriented towards excellence and the achievement of long-term objectives to prevent, reduce, and manage possible risks.

To this end, expand undertakes to maintain and strengthen a governance system in line with international best practice standards, able to deal with the complex situations in which Expand operates, and with the challenges it faces for sustainable development. To Expand, sustainability means working with the awareness of the responsibility it has towards all it stakeholders.

Guaranteeing collaborative relationships based on fairness with each stakeholder is essential to the success of the projects that the Company is involved in. Expands sustainability model guides all business processes. It is oriented towards excellence and the achievement of long-term objectives to prevent, reduce, and manage possible risks.

Additionally, the Sustainability, Scenarios and Governance Committee has been set up (comprised of the Chairman of Expand and three non-executive directors the majority of whom are independent) and is responsible for assisting the Board of Directors by fulfilling a preparatory, consultative and advisory role in assessments and decision-making processes with regard to the Sustainability, Corporate Governance, Expands Corporate Social Responsibility and the review of scenarios envisaged in the preparation of the Strategic Plan.