We are an ethical, transparent Organization; both attributes are part of Celsia’s culture and DNA.
The commitment to integrity is permanent and the fundamental element that guides our actions, both personally and in the business environment, before all our Stakeholders. We know that a culture based on strengthened ethical and transparent behaviors is a culture ready to face any challenge, which is why we actively work to implement the best practices of ethics, transparency and business conduct.
We are convinced that ethics, transparency and integrity are essential to responsibly generate trust and add value to our Business, Shareholders and society; thus, we live these principles and integrate them into our Organizational culture, operation, processes and strategy.
GRI (3-3) (2-23) (2-24) Our guidelines and directives on Corporate Governance, ethics, transparency, competition and anti-corruption are found mainly in the Bylaws, Codes of Good Governance and Business Conduct and in some of the Company’s Policies, such as the Fraud, Bribery and Corruption Risk-Management Policy and the Competition Policy.
Code of Conduct
GRI (3-3) (2-23) (2-24) PROPIO (C-CDC1) This is a behavior guide that complements our criteria and common sense, to help us adopt behaviors that tend to maintain Celsia’s positive image and encourage the generation of value responsibly. 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 this Code are:
To ensure its implementation, we have procedures that allow us to:
Our Code of Conduct has a scope of 100% of our employees, contractors and suppliers, who accept its content in writing and receive training on it. The Code also covers Celsia Subsidiaries and Joint Ventures.
GRI (205-2) In the last three years, our suppliers and Joint Ventures have been trained and informed 100% about the Code.
GRI (2-26) (205-3) We publicly report that no violations of our Codes of Conduct/Ethics occurred during the reporting period.
At Celsia, we have a Fraud, Bribery and Corruption Risk-Management Policy that provides clear guidelines to prevent and punish bribery of any kind and which covers these issues in contract payments (including kickbacks) and soft-Dollar policies.
Significant Risks Related to Anti-Corruption
GRI (205-1) All our processes have been assessed against corruption risks, since the review of compliance risks is carried out across the Organization. In 2022, the review of the Corruption-Associated Risk Matrix was carried out, based on the analysis of Law 2195 of 2022 (Transparency Law). Other risks reviewed were primarily conflicts of interest, misappropriation of assets and fraud.
GRI (205-2) Three members of the Board of Directors were trained with the course The Power of Your Decision – Third Season, aimed at employees. A total of 85% of our members were informed about corruption issues, through the Audit, Finance and Risk Committee