All our tender and award processes are conducted in agreement with high environmental, workplace and occupational safety standards. These guidelines are contained in the Special Regulation for Contractor and Subcontractor Companies (REECS) and the Code of Business Conduct and Ethics for Contractors and Suppliers.
In addition, the accident rate of our contractors is part of the objectives that bear upon the Company’s performance assessment.
Finally, the Company reviews 100% compliance by suppliers and contractors with the requirements set forth in the Environmental Qualification Resolution (RCA) of our projects. If faults are detected, Colbún communicates directly with the contractors, requiring explanations and resolution. The serious or repetitive faults can lead to the early termination of the contract or service.
It should be noted that the company, in its quest to work with suppliers with high standards in terms of sustainability, avoids, for example, working with companies that have business addresses in tax havens.