We practice ethics and transparency, generating the best alliances of mutual trust with our different Stakeholders.
GRI (103-1, 102-16) At Celsia, we work actively to implement the best practices in ethics, transparency and business conduct, which are part of our culture, of our DNA. Our commitment to integrity is permanent and is the fundamental element that guides our actions, both in our personal lives and in the business environment, with respect to all our Stakeholders.
GRI (103-2) Our guidelines and directives in Corporate Governance, ethics, transparency, competition and anti-corruption are primarily found in the Bylaws, Codes of Good Governance and Business Conduct and in some of Company policies, such as Fraud, Bribery and Corruption Risk-Management Policy and the Competition Policy.
DJSI (1.4.1, 1.4.3) GRI (102-16, 102-17) C-CDC1 This is a guide to behavior that complements our criteria and common sense, to help us adopt behaviors that tend to maintain our positive image, and responsibly foster the generation of value. There we can find mechanisms to confidentially report irregularities and promote appropriate environmental, health and safety practices. This Code is essential to prevent:
The topics covered by our Code of Conduct are:
To ensure the effective implementation of our Code of Conduct, we have mechanisms and procedures, such as:
At Celsia, we have a Fraud, Bribery and Corruption Risk-Management Policy, which provides clear guidelines to prevent and sanction bribes of any kind and which covers bribery issues in contract payments (including kickbacks) and soft-dollar policies.
GRI (205-1) All our processes have been evaluated against corruption risks, since the review of compliance risks – including corruption – is carried out across the Organization. Other risks reviewed were primarily conflicts of interest, misappropriation of assets and fraud.
DJSI (1.4.4) GRI (102-16, 102-17) At our Transparency Hotline, people can personally or anonymously report incorrect acts or violations of the policies established in the Code of Business Conduct. This line is managed by an independent third party and has the required confidentiality.
The Organization has Transparency Hotlines in each country where it operates:
These are our short-, medium- and long-term challenges:
Anti-Competitive Practices: Business practices that prevent free competition; that is, the possibility for economic agents to effectively participate in a market.
Corporate Bylaws: The internal rules governing the Company’s operation and governance; they are approved by the General Shareholders’ Assembly.
Fraud, Bribery and Corruption Risk-Management Policy: Parameters in the development of the Code of Business Conduct to implement a system for risk management, in order to establish control measures aimed at preventing their occurrence.