We strive to create ethical working relationships both internally and with our stakeholders. As a global power industry leader, we operate under a broad range of economic, political, social and cultural customs, and traditions 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, ethics and compliance in all situations, and we support the Universal Declaration of Human Rights (Human Rights Policy).
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.
Our global helpline phone and online tool serve as a confidential channel for expressing concerns. 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.
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 on ethics and compliance issues. Representatives of the Compliance program are located in corporate headquarters and throughout AES business locations globally.
Our Ethics and Compliance Program conducts regular training on a variety of related issues including our corporate values, the Foreign Corrupt Practices Act and conflicts of interest. The AES Ethics Champions Program also conducts people training sessions using 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 also hold our business partners and contractors to high ethical standards. Each partner undergoes 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.