Annual Report 2025

Our business conduct policies

The strong trust-based relationships we have cultivated with our suppliers and service providers are what allow us to guarantee access to quality products at affordable prices on a daily basis. We maintain enduring partnerships based on rigorous and transparent selection and monitoring criteria, and our actions are guided by principles of honesty, rigour and business integrity, which shape how we build and maintain responsible relationships across the value chain. These principles are underpinned by the following policies and procedures, available for consultation on our corporate website:

  • Code of Conduct

  • Anti-Corruption Policy

  • Whistleblowing Policy

  • Sustainable Sourcing Policy

  • Supplier Code of Conduct

Close-up showing the arm and hand of a person holding the steering lever of a boat (photo)

We have zero tolerance for corruption or fraud, and we are uncompromising when it comes to any violation of our Code of Conduct, our Anti-Corruption Policy and the rules established in the laws laid down by the countries in which we operate. A detailed description of these policies is available in “Our policies”.

Detailed information on specific business conduct requirements, as defined by the European Sustainability Reporting Standards (ESRS), can be found in the sections of this report indicated in the table below.

Governance disclosure requirements

Disclosure requirement

 

Section of the Report

Description of the role of governance, management and supervisory bodies.

 

Governance and strategy”.

Description of our business conduct policies.

 

Our policies”.

Control mechanisms and procedures applicable to reporting of irregularities and to related party transactions.

 

Reporting of Irregularities” and “Related Party Transactions”.

Mechanisms in place to facilitate communication by internal and external stakeholders, and resolution of potential negative impacts arising from our activities.

 

Stakeholder engagement and communication channels”.

Animal Welfare policy, actions and targets.

 

Animal welfare”.

Reporting of complaints made by employees through the Ethics Committee, Ethics Offices, Local Committees and the Employee Service Department in the management of employment issues.

 

Stakeholder engagement and communication channels”, “Ethics and compliance”, and on “Workers in the value chain”.

Due diligence on the prevention and potential remediation of human and labour rights risks.

 

Minimum safeguards”.

Responsibilities and operation of the functional areas responsible for managing business conduct and other aspects relevant to business continuity, such as risk identification.

 

Information on Shareholder Structure, Organisation and Corporate Governance” and in the “Investor” channel of the Group’s corporate website.

Training within the organisation on business conduct.

 

Ethics and compliance”.

ESRS
ESRS stands for European Sustainability Reporting Standards. These standards are part of the European Union's efforts to enhance and standardise sustainability reporting across companies. The ESRS provide detailed guidelines for reporting on environmental, social, and governance (ESG) topics, ensuring transparency and accountability in corporate sustainability practices

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