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New Anti-bribery, Anti-Corruption and Anti-Fraud Policy (PAAA)

Jun 2017
ISAGEN, caso de éxito

Ethics is our core value: acting correctly and in good faith, being coherent in what you think, say and do and favoring common good over personal interests. We have, therefore, implemented mechanisms for promoting eight, a processing its compliance and taking actions in case of breach within our Business Ethics System.

A key element of this system is the Anti-bribery, Anti-Corruption and Anti-Fraud Policy (PAAA), which embraces national and international standards and practices for the prevention and detection of potential fraud situations, and to prohibit bribery and corruption in any manner whatsoever.

The PAAA is applicable to the members and advisers of our Board of Directors and our employees, as well as all third parties (our business partners, contractors, suppliers and consultants, land working together with ISAGEN or acting on its behalf).

This Policy establishes that third parties cannot pay, offer, accept or request bribery on behalf of ISAGEN, neither can they breach Colombian and international laws, conventions and treaties ratified by Colombia with respect to prevention and penalization of corruption acts, money laundering, terrorist financing and protection of free competition.

Our Company could be investigated, processed and penalized if its stakeholders pay or offer bribery, or breach ant-corruption norms. Therefore, we are working on improving our Due Diligence processes (verification, contractual clauses, audits, etc) to prevent occurrence of such risks.

We are convinced that only if we join our wills and work together with our stakeholders, we can contribute to fight fraud and corruption and, hence, help to build a better future for our country.

If you wish to report any events or irregularities observed among our employees, contractors or third parties, you should contact our Ethics Channel: 01 8000 41 00 27, telefax +57 (4) 361 53 20, lineaetica@isagen.com.co.


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