Asociación Colombiana de Minería (ACM)
Transparency
Transparency and ethics are also fundamental pillars for the sustainability of our sector. Therefore at ACM we work permanently with our affiliates on different initiatives that improve trust in our target groups, showing them how activities and operations are carried out.
Our statutes confirm the duty to comply with the Anticorruption Law applicable in Colombia and emphasize working transparently. Representing the mining sector in September 2019, we were the first union in Colombia to sign the Pact for Transparency with the Vice Presidency of the Republic and the Secretariat of Transparency, to endorse our commitment in reporting information and good business practices. .
The Pact establishes mechanisms to mitigate corruption risks through different regulatory tools and good practices.
Pact for Transparency
Representing the mining-energy sector, we are the first union in Colombia to sign the Transparency Pact with the Vice Presidency of the Republic and the Transparency Secretariat to continue with the sector's commitment in reporting information and good business practices.
Good Practices and behaviors of the Mining Sector
We make the Booklet of Good Practices and Behaviors of the mining sector available to all our affiliates to express the permanent commitment to always act ethically and consistently, ensuring that the highest integrity and compliance standards are achieved in work practice. national standards. We support our affiliates to ensure that the work is carried out ethically with good practices in the territory.
EITI - Extractive Industry Transparency Initiative
The initiative of Transparency for the Extractive Industry - EITI, is a global Standard that promotes the open and responsible management of oil, gas and mineral resources, which is reflected in the strengthening of the governance of the Colombian extractive sector.
We have been part of the initiative since 2018, EITI confirmed that Colombia was the first country in America and the third in the world to obtain "satisfactory progress" after analyzing transparency work and the country's adaptation to the standard. The companies that report to the EITI are affiliated with our union, they generate 92% of the country's production and royalties.
EITI member countries must undergo a validation every three years or when the Council of the Secretariat requires it. Since 2016, the Standard has implemented a measurement scale with five categories: outstanding, satisfactory, significant, inadequate, and no progress.
Being among the first steps in the measurement represents countries a substantial improvement in transparency indicators and in the climate of energy mining investment. In addition to creating an environment of trust among civil society, which will have greater access to information on the use of public-private resources.
Source: https://acmineria.com.co/sociedad-y-sostenibilidad/transparencia/
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