Mission

Address corruption in the Colombian electricity sector

Goals

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 initiative 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) with five key goals:

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

Stakeholders

From 13 founding companies, the initiative grew to 35 members by March 2021 and worked jointly with other key players including the Hacia la Integridad - On the Level initiative of UNODC in Colombia.