Good governance principles

CP complies fully with the Principles of Good Governance of State Business Sector Enterprises, pursuant to Decree Law133/2013, of 3 October along with current regulations and legislation.

CP fulfils its mission as well as the objectives which stipulate the required parameters of quality and respect for the principles of social responsibility, sustainable development and public service.

It threats its staff with respect, equality and integrity, actively contributing towards their professional appreciation. 

It treats its customers, suppliers and other stakeholders equally and has procedures regarding the acquisition of goods and services.

The CP Code of Ethics was revised in 2018 to incorporate a series of fundamental Company values and behavioural guidelines for its employees regardless of the bond they have with CP.

The mission of the Ethics Commission, which answers directly to the Chair of the Board of Directors, is, among others, to ensure that everyone if aware of the Code of Ethics and complies with it, to encourage the consolidation and knowledge of good practice in this area, to clarify any doubts about the matters it covers and to issue professional opinions related with its compliance. It also aims to increase ethics in the Company governance model.

Code of ethics

As CP's assets are of strategic importance and irreplaceable - for mobility in the country – it becomes a priority to ensure their sustainability through the implementation of the Asset Management System. 

As defined by the American Association of State Highway Transportation Officials (AASHTO), transportation asset management is a ‘strategic and systematic process of operating, maintaining and modernising physical assets effectively throughout their life cycle. It focuses on business and engineering practices for the allocation and use of resources, in order to make better decisions based on quality information and well-defined objectives’. 

Strategic instrument for coordinating the different approaches that support the organization's macro decisions, the management of the assets ensures the success of the objectives and the mission of CP. 

Customer service oriented, CP manages its own assets in order to achieve broader objectives such as improving mobility in the country, reducing costs for customers and environmental impact.

Therefore, it urges all elements at any level of the organization, focused on a clear ‘line of sight’ and in harmony with the strategic objectives, to ensure the continuous improvement of the Asset Management System (EMS) based on ISO 55001:2014 Asset Management Systems - Requirements. 

CP's asset management policy aims to establish the guidelines, objectives and competencies for the implementation of the Asset Management System. 

Essential for perceiving the relevant areas for production and concurrent increase in value for the Company, it is necessary as a means of achieving a balance between the costs, risks and expected performance of these assets, whether physical, human, financial, intangible or information. 

Operating through good practices, the system guarantees the desired and sustainable result, with great capacity to anticipate trends and opportunities, increasing competitiveness and, therefore, value for the customer and the country.

Find out here our Asset Management Policy.

  • Innovation Management Policy

At CP we believe that railroad transportation is the backbone of sustainable, technological and digital mobility, and for that reason we are committed to the development of innovative, sustainable and integrated services and solutions that ensure high levels of provision of services.

The environment in which CP operates is characterized by constant changes, market liberalization, new competitors, forthcoming new technologies, new regulatory requirements, and increasingly demanding Customers.

According to the norm NP ISO 56002:2019 – Innovation Management – Innovation Management Systems – Guidelines: ‘the innovative capacity of an organization is acknowledged as the key factor towards sustainable growth, economic viability, increased welfare, and development of the society’.

Being innovation a key factor in order to create corporate value, CP is committed to its goal of innovating in an increasingly efficient and effective manner, and is therefore intending to adopt an Innovation Management System (SGIN).

An Innovation Management System leads the organization into setting out its innovation vision, strategy, policy and goals, as well as the support for the processes required in order to achieve the intended results. It allows increasing the capacity of managing uncertainty and improving its sustainability and resilience.

The Innovation Management Policy establishes the intentions and directions of an organization – formally stated by its top management – in order to implement an Innovation Management System.

Find out here our Innovation Managemente Policy

Transactions with related parties

See Corporate Governance Report in Report and Accounts 

Other transactions

See Corporate Governance Report in Report and Accounts

State financial effort