The Code of Ethics includes the principles and rules of conduct recognised by Acea as having a positive ethical value, 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. The document also defines the procedures for enforcing and monitoring the Code of Ethics.

In order to be effective, the Code of Ethics is updated on a regular basis, so as to bring it into line with the rules and regulations and reflect any changes in corporate culture and the Group’s organisation. In 2021, Acea’s Ethics Officer together with the Ethics and Sustainability Committee initiated a review of the Code of Ethics. The new edition of the document was approved by the Board of Directors on 9 November 2022, to replace the 2018 version.

In addition to reflecting the regulatory and organisational trend, the revision is designed to make the Code of Ethics more straightforward and applicable, and to allow a broader dissemination of Acea’s principles and values among all the companies and people belonging to the Group. The main interventions concern the integration of benchmark principles and standards associated with projects that are strategic for the Group, with particular regard to sustainability and, specifically, the enhancement of principles associated with ESG issues as:

  • the protection of human rights in all operational situations, including the supply chain;
  • explicit reference to matters concerning the inclusion and involvement of Acea’s people and organisational wellbeing;
  • commitment to the preservation of biodiversity;
  • the importance of dialogue and engagement with stakeholders;
  • the necessity to interact with suppliers who are mindful of sustainability issues.

Acea is committed to disseminating the Code of Ethics and promoting awareness of its contents. Compliance with the Code is, in fact, of fundamental importance for the pursuance of growth and sustainability 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 of transparency, legality, fairness and ethical integrity 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 Code violations, and can make suggestions to the Committee regarding possible Code of Ethics updates.

Acea, also through the Ethics and Sustainability Committee, monitors observance of the Code and puts in place suitable prevention and control tools and procedures aimed at ensuring transparency of the measures and practices adopted, intervening with ongoing improvement actions where necessary.

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 Group Anti-corruption Guideline

The Acea Group has developed and implemented over time specific compliance controls designed to prevent risks pertaining to unlawful behaviours during the performance of individual activities and in particular those more exposed to the risk of corruption. As confirmation of its commitment to preventing and combating unlawful practices, the Group has adopted the Anti-corruption Guideline, a document standardising and integrating the said compliance controls disseminated as part of the Group Regulatory System, submitting an organic system of rules and principles aimed at preventing and combating the risk of unlawful practices. The purpose of the document is to regulate the roles, the responsibilities of the parties involved and the anti-corruption control activities and, more specifically:

  • the Acea Group Anti-corruption framework (namely the main pillars used by the Group to prevent and combat corruption);
  • the behavioural principles to be observed as regards the sensitive areas potentially more exposed to the risk of corruption and certain applicable controls.

Observance of the Guideline is mandatory for all addressees: namely the Acea Group companies and suppliers, partners, business partners and more in general all those acting in the name and on behalf of Acea or the Group companies or with whom the same come into contact in the course of their business.

The management system for the prevention of corruption and the Anti-corruption Policy

Moreover, as part of the said virtuous path, Acea voluntarily implemented a Management System for the prevention of corruption, in line with the requirements set forth by standard UNI ISO 37001:2016 and approved, as a “manifesto” for such system and in response to the mandatory requirements of the aforesaid standard, a specific Anti-corruption Policy (a document which, like the Guideline, also includes among its addressees the suppliers, partners, business partners and more in general all those acting in the name and on behalf of Acea or with whom Acea comes into contact in the course of its business, specifically representing the commitment to the principles and requirements ratified by standard ISO 37001:2016).

Dissemination of the rules and the Group’s values

The Group defines appropriate communication/information campaigns for the purpose of disseminating its rules and values and sharing with third parties, who have or would like to establish relations with the same, the commitment to prevent and combat corruption.


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