Transparency and Ethics Commitment

The electricity sector in Colombia, committed to ethics and transparency

Within the framework of the III Ethics in the Electricity Sector Forum, held in recent days, an agreement was signed to guarantee the Transparency and Ethics Commitment of the sector companies in Colombia. This commitment is the result of a collective action promoted by twelve companies in the electricity sector, including Enel Colombia. The commitment seeks to promote healthy competition, confidence and sustainability of the companies and the sector. The twelve companies behind this collective effort are: Enel Colombia, the Energy Company of Bogotá, AES Chivor, the Energy Company of Boyacá (EBSA), the Energy Company of Cundinamarca (EEC), Empresas Públicas de Medellín (EPM), Interconexión Eléctrica (ISA), ISAGEN, Termoemcali, XM, ISA Transelca and ISA Intercolombia. Additionally, the Energy Company of Bogotá has signed as an adherent to the commitments of this collective action. The companies committed themselves to implementing a cooperative and sustained cooperation process that strengthens the ethical leadership of the sector. In this way, they declare to the general public the commitments they are taking on regarding corruption risks and non-competitive practices.

The commitments acquired by each of the signing companies are:

1. Advance in the development and implementation of a Comprehensive Anticorruption Program, based on the business principles to counteract bribery of the Transparency International organization.
2. Continue to promote competition in the electricity sector, based on the good practices of corporate governance for the prevention of restrictions to free competition.
3. Build and disseminate, within each company, a map of corruption risks, restrictive practices to competition and money laundering and financing of terrorism, including the relevant administration measures; as well as contributing with the elaboration of the same for the whole sector.
4. Provide useful information to promote transparency in the sector and in the energy market.
5. Disseminate the present agreement within each company, including their respective Board of Directors; as well as with the different interest groups in the electricity sector.

To achieve this outcome, working groups were organized led by the National Operation Council and XM, with the participation of representatives of each of the twelve commitment companies. On behalf of Enel Group Colombia, participated Raffaele Cutrignelli and Alberto Gómez Porras, of the Auditing Management; and Diana Jiménez and John Rey, from the Regulation, Institutional Relations and Environment Management. In addition to the companies, the event was attended and supported by representatives of government entities, authorities and control entities, among which the Transparency Secretariat of the Presidency of the Republic, the Superintendence of Residential Public Services, the Superintendence of Industry and Commerce, and the Mining and Energy Planning , and the NGO Transparencia por Colombia.

Finally, the Regional Support Center for Latin America and the Caribbean in the Global Compact attended the event in the role of Neutral Third Party to the Agreement; while the Transparency Secretariat of the Presidency of the Republic, the NGO Transparencia por Colombia, the United Nations Office on Drugs and Crime participated as witnesses in the signing of this sectoral agreement.

It should be noted that, regardless of the signing of this commitment, the Enel Group Colombia companies already considered issues such as transparency, anti-corruption and compliance through their policies and regulations.