The Code of Ethics includes the principles and rules of conduct to which all company practices must be referred, with a view to safeguarding Acea’s correctness and transparency, reliability and reputation. The corporate bodies, management, employees, external collaborators and any and all other parties associated with the Acea Group are required to observe these principles, each according to their respective functions, powers and responsibilities.
In 2018, with a joint effort by the company’s departments assisted by outside experts, a revision of the Code’s contents was carried out, in order to combine the company’s basic values with the needs determined by the group’s new strategic objectives and the dynamics of the external situation. Of the aspects introduced or enhanced, we call attention to the following:

  • the anticipated Code revision procedure open to active contribution from all stakeholders, in order to highlight deficiencies or points for improvement;
  • the valorisation of diversity and promotion of surveys to monitor organisational well-being;
  • introduction of the principle of precaution in the case of even potential hazards for health and the environment;
  • the commitment to manage production processes by enhancing the circular economy.

In the course of 2021, project activities commenced for updating the Code of Ethics in view of the organisational and regulatory changes introduced since 2018. The principles and values characteristic of the Acea Group, which already form part of our assets at individual and company level, will therefore be reviewed to ascertain their conformity with the current reference situation.

Acea undertakes to promote dissemination of the Code of Ethics and to encourage awareness of its contents. Compliance with the Code is, in fact, of fundamental importance for the pursuance of development and efficiency objectives, business reliability, the safeguarding of the company’s reputation and the contribution that Acea intends to make to the social and environmental context of its operations.

With this in mind, in 2020 we established the Ethics Officer, a collective body whose purpose is not only to manage the reporting system but also to oversee compliance with the values expressed in the Code of Ethics in dealings with all stakeholders. The Ethics Officer supports the company structures appointed to draw up the Code of Ethics, and the Ethics and Sustainability Committee, in monitoring the Code’s adequacy and implementation. The Ethics Officer can propose the adoption and amendment of guidelines and operating procedures, if any, with a view to reducing the risk of violations of the Code, and can propose to the Committee possible Code of Ethics updates.

The Code of Ethics is the cornerstone of the internal control and risk management system, an integral part of the 231 Organisation and Management Model, the Corruption Prevention Management System and the other systems adopted by Acea and by the Group’s subsidiaries for the prevention of non-compliance.

Acea’s approach to anticorruption

In accordance with UNI ISO 37001 “Anti-Bribery Management Systems” rules, Acea has developed the corruption prevention management system, based on which risk areas are identified and general principles are established, to be followed in the performance of Group activities, and specific tools are provided for the management and regulation of business processes.

Acea has also set up an anticorruption compliance department, with the following tasks:

  • to coordinate the planning and implementation of the corruption prevention management system;
  • to inform the Group’s staff with regard to the management system and corruption-related issues;
  • to ensure compliance of the corruption prevention management system with UNI ISO 37001 rules;
  • to monitor implementation and report to the Chief Executive Officer regarding the performance of the management system and any possible criticalities.

According to the results emerging from the monitoring, the information is also transmitted by the anticorruption compliance department to the Ethics and Sustainability Committee, the Control and Risks Committee and, insofar as relevant for the purposes of Legislative Decree no. 231/01, to the Supervisory Body.

Another two aspects are also considered by Acea to be relevant for the management of anticorruption compliance:

  • Relationships with our suppliers: we make sure that the measures adopted by our trade partners conform to our standards;
  • Training: courses are periodically provided on the issues in question. Of the topics most frequently addressed, we mention the Organisation Model pursuant to Legislative Decree no. 231/01, with special attention to matters concerning anticorruption and transparency, as well as occupational health and safety.

For more information on our approach to anticorruption, read Article 20 of our Code of Ethics.


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