At AES people, how we accomplish our successes and deliver our products is as important as the services we provide.
Ethics, integrity and compliance are the foundation and principles that guide our company and our people. As a global power industry leader, we operate under a broad range of economic, political, social and cultural customs as well as different local, regional, and international laws and regulations. We believe it is our duty and responsibility to conduct business with the highest level of integrity in all situations. Consistent with our Values, our people are expected to uphold the highest ethical standards and must comply with all applicable laws and accurately record and track all business transactions.
Our Ethics and Compliance Program defines our business practices and corporate expectations worldwide. Our Code of Conduct encourages internal and external stakeholders to bring matters of concern to the company’s attention for prompt resolution. Our people and our stakeholders are empowered with a strong sense of ownership and accountability for their work, and we fully expect each person to adhere to our corporate values as described in the Code of Conduct. As a result, AES was selected as one of the 2021 World’s Most Ethical Companies® for the eighth straight year in a row.
Our Chief Ethics and Compliance Officer, who reports directly to the Financial Audit Committee of the Board of Directors, manages the AES Ethics and Compliance Program and provides regular updates to the Board and AES business leadership on ethics and compliance issues. Representatives of the Ethics and Compliance program are located at AES corporate headquarters and throughout AES business locations globally.
All our decisions and actions are guided by a strict standard of ethics and transparency.
Our employees follow all these principles and values, adopting a Code of Conduct to ensure integrity and ethics in all relationships with our stakeholders.
Corporate Governance is one of the fundamental elements of our value generation model.
We have adopted a decentralized management structure through a close relationship between shareholders, managers, independent auditors and the Supervisory Board, aligning our corporate policies and decisions. In addition to separating the responsibilities of Chairman and Chief Executive Officer and the existence of a Reporting Channel, among other measures, each action is based on ethics and transparency.
You can find out more about the Corporate Governance agencies and its members here. Visit Corporate Information – Administration and Guidance.
Ethics is the utmost conduct when it comes to AES Tietê’s relationship with its business partners. As part of the Ethics and Compliance Program, before engaging in any business transaction, all risks involved in each potential business with partners, service providers or suppliers must be evaluated. The mapping of these risks is performed in accordance with the Foreign Corrupt Practices Act (FCPA), the Brazilian Anti-Corruption Law and all other applicable legal determinations and prohibitions.
AES Helpline is a confidential resource for AES personnel, contractors, business partners and other stakeholders to ask questions or report concerns about the AES business conduct. To ensure confidentiality, AES Helpline is managed by a third-party provider, EthicsPoint.
Toll-free, 24 hours a day, 7 days a week:0800-891-4167
Our global helpline serves as a confidential channel for asking questions and expressing concerns.
We reinforce our commitment to ethics and compliance with the expectation that all employees report suspected violations of laws and company policies. AES people are encouraged to use the helpline for guidance regarding legal or regulatory requirements, clarification of AES policies or procedures, and for counsel on appropriate behavior. AES strictly prohibits retaliation against employees who in good faith report ethics and compliance concerns.
We work to live out our values every day. If you’ve noticed work that isn’t in line with our values, have a question or concern, or have noticed any suspicious practices within our company, we want to know so we can improve immediately.
Visit aeshelpline.com to ask a question, report a concern, or follow-up on a report.
We conduct regular training on a variety of related ethics and compliance topics and policies, including our corporate Values, compliance with anti-corruption and other applicable laws, conflicts of interest, gifts and entertainment, and workplace harassment, among others. Through the AES Ethics Champions Program, we promote open discussion of actual AES business issues and problems so that participants can discuss how AES values and policies are applied in real-world situations.
Business partner due diligence
We hold our business partners and contractors to the same high ethical standards that are expected of all AES people.
AES partners undergo a thorough due diligence process, and strict compliance language is included in contacts, where appropriate. Compliance language may address such issues as corruption, influence peddling, legal and regulatory compliance, and reporting requirements. Compliance Officers work closely with business partners, contractors and project development teams to identify potential ethical concerns and resolve issues before agreements or contracts are signed.