Collective Action for ethics and transparency of the Colombian energy sector

Acción colectiva de ética y transparencia is a voluntary initiative of a group of independent companies and institutions to jointly address corruption in and for the Colombian electricity sector.

Based on good practices, it promotes transparency and a level playing field. The scope of the Collective Action is defined by the participants and aims to go beyond what is strictly required by law.

The initiative was established in June 2015 at the third Ethics Forum of the Colombian Electricity Sector (Foro de Ética del Sector Eléctrico colombiano) by 13 companies. These jointly accepted the challenge of creating the Collective Action and committed to ethical leadership in the Colombian energy sector with five key goals:

  1. Advance the development and implementation of a comprehensive anti-corruption programme drawing on Transparency International's Business Principles for Countering Bribery.
  2. Continue to promote healthy competition in the electricity sector.
  3. Build and disseminate a map of risks of corruption, anti-competition and money laundering/terrorist financing in each company.
  4. Provide useful information to promote transparency in Colombia's energy sector and market.
  5. Disseminate this agreement within each company, including its executive boards.

The initiative has since grown to 35 members (by March 2021) and works jointly with other key players including the Hacia la Integridad / On the Level initiative of the UNODC in Colombia.

Year
2015
Country
Colombia
Sector
Energy
Facilitator/Monitor
XM / Consejo Nacional de Operación
Active
Active

Last updated: 08.04.2021

This information is gathered from open-source data and in some cases has been provided by initiative facilitators. We cannot guarantee the accuracy or completeness of the information and do not take responsibility for decisions made on the basis of it. Please inform us of any errors by emailing us at the contact details on the main database page.