The Port Authority of Valencia (PAV) announced that it has put out to tender the development and management of an Ethical Channel, as part of its commitment to the Sustainable Development Goals (SDGs).
As explained, the Port Authority of Valencia (PAV) strengthens its commitment to good practices with society through its Ethics Channel, a tool accessible to individuals, authorities, customers, employees and other stakeholders. This initiative is part of Valenciaport’s commitment to the Sustainable Development Goals (SDGs), which include those relating to “peace, justice and strong institutions”, which set goals relating to reducing corruption and bribery, creating effective and transparent institutions and ensuring public access to information.
In particular, the Ethics Channel is a tool that enhances the values and culture of the organisation; ensures compliance with organisational procedures and policies, as well as legal and social obligations; allows for quick and efficient management of complaints; and helps prevent the loss of assets.
The PAV’s Board of Directors, as a sign of the Entity’s commitment to corporate integrity objectives, approved on 16 December 2021, among others, the Code of Conduct and the first Anti-Fraud Measures Plan. This Plan details the four key elements of the so-called “anti-fraud cycle”, such as prevention, detection, correction and prosecution. In this line, an ethical channel is a very effective instrument to reduce risks and build trust, as it allows the organisation to detect non-compliance at an early stage, acting as a preventive mechanism against possible acts of fraud, corruption, harassment and other improper actions.
As informed, for years, the PAV has been developing actions in the environmental and social sphere, which have been completed with the implementation of measures in the field of Corporate Governance and improvement of Internal Control. The Corporate Social Responsibility and Integrity policy includes principles such as transparency, commitment to corporate integrity, fraud prevention and accountability, among others.
