Transparency towards the market and the institutions
Webuild has adopted a Compliance Antitrust System
Webuild commits to adopting behaviours aimed at a loyal competition with other market actors. Group results are connected to a transparent and constructive competition with the category associations, universities, the institutions, competitors and all subjects with which the Company can dialogue, aimed at the sustainable growth of the infrastructure sector. In managing these relations, Webuild commits to respecting clear principles and the lawfulness of objectives, transparency and correctness.
Webuild does not finance political associations, trade unions or political parties or does it sponsor or participates in initiatives that could bring a disadvantage to its competitors.
Webuild believes in free competition and in the benefits produces by it: the confrontation with various stakeholders takes on its value when it is free from dominant influence; the Company therefore has adopted a Compliance Antitrust System that ensures promoting the Company, without ever being of impediment to free competition or damage the market position of its competitors.
The Compliance Antitrust System is founded on the dispositions of the Italian Guarantor Authority of Competitors and the Market (Autorità Italiana Garante della Concorrenza e del Mercato). It wishes to clarify principles and rules set by the legislation of the sector, making corporate culture grow in this direction and preventing risks from possible behaviours that do not align with the antitrust discipline. To this end, the Compliance Antitrust System is a tool that helps Webuild employees and third parties working on behalf of the Company and in its name, to understand which behaviours to adopt to safeguard the free market.
The use and update in time of the Compliance Antitrust System are to be done by the Board of Directors of Webuild, which has identifies the Compliance Department as the subject responsible to implement and monitor said System within the corporate organization.
Institutional relations and Advocacy
Webuild, through institutional relations and Advocacy activities promotes a dialogue with public institutions, regulating bodies and Group stakeholders, to ensure a transparent representation of one's interests, and to spread and share the topics of one's interest.
Webuild engages in institutional relations and carries our Advocacy activities according to what is set in the Code of Ethics, Anti-Corruption Model and Organization, Management and Control Model (ex. Italian Legislative Decree 231/2001) adopted by the Group and in compliance with applicable regulations.
Guidelines and behavioural rules to manage institutional relations and advocacy activities
What is meant by "institutional relations"?
Institutional relations are activities mainly carried out towards public institutions (local, national and international public bodies) aimed at ensuring an adequate representation of the Company's interest.
What are advocacy activities?
These activities can be defined as the activities that support and promote topics of interest for the Company at stakeholder's locations, which are carried out both directly and through the participation of associations and groups of interest.
What is the purpose of associations and groups of interest?
These are multi-person organizations aimed at pursuing a common goal, even a non-monetary one, by liaising with institutions. The national and international associations representing the Company's interests are included in this definition (i.e. Engineering Associations, Construction Companies Association, etc.).
Which topics are promoted by Webuild with regard to trade associations and groups of interest?
- Technical and scientific topics of a general nature;
- Projects, innovation operations, milestones reached that serve to position the company's brand;
- Presentation of the Webuild Group, of its structure and competences;
- Presentation of the best case scenarios that provide virtuous behaviours and/or answers to events on behalf of Webuild;
- Public domain data;
- Legal and socio-political matters of a general nature;
- General and non-specific economic situation (i.e. sector situation and perspective vision);
- Other areas of interest non included in the previous topics.
Which principles must Webuild staff abide by in managing institutional relations and advocacy activities?
- Transparency and objective legitimacy;
- Transparent activities;
- Correctness of activities which must be carried out coherently with the strategic guidelines and the Company's activities.
How do Webuild people work in trade associations and/or groups of interest?
During events, meetings, encounters promoted by trade associations and/or groups of interest, Webuild's personnel represents and promotes the rightful interests of the Company, valuing the corporate know-how towards its stakeholders and the public institutions. During these occasions, it does not participate in making decisions and/or situations with a conflict of interest so that it ensures its independent judgment and choices with regard to corporate goals.
