For 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.
We conduct external assessment of our anti-corruption program globally, as well as internal assessments. In addition, we recently expanded our Internal Audit program to include multiple anti-corruption audits each year.