Our principles:
There are two types of principles: those derived from the nature of the Group on the one hand, and those derived from its commitment to stakeholders and society as a whole on the other.
The principles derived from its nature of the Group are the principle of cooperation and the principle of social economy.
- Cooperation
Pooling of efforts, knowledge and resources by community members (stakeholders) to achieve greater mutual benefit, greater efficiency, and greater equit.
- Social Economy
It combines economic-financial, social and environmental performance with the development of the territory and local production systems based on the cooperative model.
The principles derived from its commitment to stakeholders and society as a whole are the principle of caution, the principle of efficiency, the principle of shared value creation, and the principle of sustainability..
- Caution
Actions must be opportune, well thought through, fair, adequate, proportional, and moderate to reinforce the security, solvency, and strength of the Group, as well as the benefits offered to society as a whole.
- Efficiency
Optimisation and efficient allocation of resources, achievement of objectives and adaptation of resources to objectives according to the criterion of economic rationality and cost-benefit analysis.
- Shared value
Seeking mutual benefit between the Group, stakeholders, and society as a whole.
- Sustainability
The principle of precaution and the avoidance of passing unnecessary burdens (financial, social, environmental...) onto future generations is applied.
Ethics of Closeness
The concept of closeness, through its multiple expressions and manifestations, is present transversally throughout the Group’s Ethical Management System, in each of its elements, defining an ethics of closeness based on knowledge and mutual benefit between the Group and its stakeholders (shared value creation).