CTGI conducts business with integrity, respecting the cultural diversity, dignity and rights of individuals in all the global markets where it operates. We are committed to complying with ethical rules and principles, and with applicable laws, both within the Company and in its interactions with external parties.
CTGI has established its Compliance Management System in accordance with the requirements of ISO 37301:2021 (Compliance Management System) and ISO 37001:2016 (Anti-Bribery Management System), taking the best practices of compliance as reference.
The Board of Directors, with assistance of its Audit and Risk Committee, is the highest authority responsible for the compliance and risk management. A Chief Compliance Officer (CCO) is appointed to oversee and support an enterprise-wide approach to managing critical compliance matters. Key responsibilities of the CCO is to ensure the Company's compliance management system is effective at preventing, detecting and responding to illegal or unethical conduct, and is supported and complemented by compliance specialists in all business units and the Chief Compliance Officers of each regional subsidiary.
?Case: CSAIL's integrity and compliance practice
Rio Paraná Energia, one of CTG Brasil's subsidiaries, was elected as one of the winners of the 2022 Transparency Trophy, in the 26th edition organized by the National Association of Finance, Administration and Accounting Executives (ANEFAC in Portuguese). The award recognizes the best parctices of transparency in accounting information disclosed through financial statements. In addition to the financial reports and the clarity in the inclusion of additional data, in the selection of the winning companies, the award took into account ESG criteria-such as actions integrating community, environment and corporate governance.
To improve the effectiveness of compliance management, CTGI has established a quarterly compliance risk analysis system and reports its findings regularly.
Also, 2022 was the Year of Compliance Enhancement of CTGI which marked the massive progress we have made in compliance management, including.
?Case: CSAIL's integrity and compliance practice
CSAIL has established an Ethics and Integrity Compliance System that complies with international standards. Since its establishment, CSAIL had a governance-level compliance management structure in place with the Board of Directors as the highest decision-making body and its Integrity and Compliance Committee to independently guide relevant works. To fully advocate integrity and compliance in its operations, CSAIL elaborates the Code of Ethics and Integrity Compliance and the Code of Business Conduct, and a whistleblowing mechanism is also set up for preventing, detecting and reducing the risk of improper behavior or any violation of the Codes.
