Our governance is one of the fundamental pillars of our operations, governed by a shareholders’ agreement signed by 100% of the company’s capital. This unified commitment ensures that our decisions are guided by standards of ethics, responsibility and respect for the environment and local communities.
We base our management model on sustainability and constantly improve our corporate governance practices. We adopt measures such as the Bylaws, Shareholders’ Agreement, Conflict of Interest and Risk Management Policies, following the IBGC guidelines. We periodically report through independent external audits, ensuring compliance with IFRS standards. Our governance model respects shareholders, the market and other stakeholders.
Norte Energia’s Risk Management, Internal Controls and Compliance area strengthens governance and supports management in making decisions with efficiency and transparency. Using the COSO ERM methodology and the ISO 31000 Standard, the risk management area provides essential information to the Executive Board, the Fiscal Council, the Advisory Committees and the Board of Directors.
The internal controls area advises operational areas on the implementation and monitoring of activities, strengthening the internal controls environment in various areas of the company, such as Governance, Operations, Maintenance, Sales, Environmental and Support.
The company’s Integrity Program, managed by the Compliance area, prevents, detects and mitigates irregular conduct related to anti-corruption and money laundering legislation, promoting an ethical culture. Non-conformities are reported monthly to the Executive Board and the Audit Committee, Compliance and Risk Committee; and quarterly to the Fiscal Council.
To support the Integrity Program, Norte Energia has a Whistleblowing Channel, managed externally by a specialized company, which allows reporting any non-compliance with Norte Energia’s Code of Conduct and Ethics.
This channel can be accessed by employees, suppliers, service providers, customers, the local population and any other person who wants to report any possible illegality related to Norte Energia. The channel guarantees the anonymity of the whistleblower, unless otherwise required by law.
The investigation of complaints is carried out by the Superintendence of Risks, Internal Controls and Compliance or by the Superintendence of Internal Audit, as per the guidance of the Ethics and Corporate Integrity Committee, which may also order investigations by specialized third parties.
Our Code of Conduct and Ethics establishes the conduct, guidelines and ethical principles to guide the actions of all the members of the organization, which includes employees, interns, apprentices, shareholders, customers, suppliers of goods and services, as well as their representatives. This Code is mandatory and comprehensively applicable to everyone, regardless of their job title or work place.
This Code is mandatory and applicable comprehensively to everyone, regardless of their position or workplace.
Our Code of Conduct and Ethics establishes the behaviors, guidelines, and ethical principles that should guide the actions of all members of the organization, including employees, interns, apprentices, shareholders, clients, suppliers of goods and services, as well as their representatives.
This Code is mandatory and comprehensively applicable to everyone, regardless of their position or workplace.
