Our standards
We are guided by the International Finance Corporation’s Performance Standards on Social and Environmental Sustainability, the Inter-American Development Bank’s Guidelines, and the Ministry of Energy’s Guidance Guide for Electricity Transmission Strips Studies, among other reference frameworks.
At the same time, we seek to respond to the social changes that the country has experienced in recent years, as well as to the international commitments signed by Chile, actively incorporating considerations on Climate Change and the Escazú Agreement, which promotes, among other principles, timely and adequate access to information by all citizens.
Standards monitoring:
Each year, an independent consultant prepares a report stating the project’s compliance with sustainability standards. This report is sent to the National Electric Coordinator.
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2023 Standards
Compliance Report
International Finance Corporation (IFC)
The Performance Standards on Environmental and Social Sustainability are an international reference emanating from the International Finance Corporation (IFC), and required by it in its direct investments and for financing, through financial intermediaries. This allows for the detection and management of environmental and social risk throughout the investment cycle, which has been adopted by many organizations as a key component of their management.
Escazú Agreement
It is an international treaty that Chile adheres to, and which aims to guarantee the full and effective implementation in Latin America and the Caribbean of the rights of access to environmental information, public participation in environmental decision-making processes and access to justice. in environmental matters, as well as the creation and strengthening of capacities and cooperation, contributing to the protection of the right of each person, of present and future generations, to live in a healthy environment and sustainable development.
Convention 169
The Convention is based on respect for the cultures and ways of life of indigenous peoples and recognizes their rights over lands and natural resources, as well as the right to decide their own priorities regarding the development process. The objective of the Convention is to overcome discriminatory practices that affect these peoples and make it possible for them to participate in the adoption of decisions that affect their lives.
Climate Change Framework Law
It seeks to establish a legal framework and assign specific responsibilities to public and private parties for mitigation and adaptation to climate change in the context of the Chilean goal of carbon neutrality by 2050.
Ecuadorian Principles
They are intended to serve as a baseline and reference framework for financial institutions to identify, evaluate and manage environmental and social risks when financing projects, throughout their life cycle.
