Colbun SA

The Sustainability Committee serves as the primary coordinating and oversight body for our sustainability approach, policy, and strategy. It oversees the integration of environmental, social, and governance factors into the 2030 Corporate Strategy and across different business areas, promoting impact reduction, value creation, and thereby fulfilling the Company's purpose. The committee meets quarterly and is composed of the CEO, the Chief Sustainability and Corporate Affairs Officer, the Chief of Organization and People, the Chief Energy Officer, and the Chief Innovation and New Business Officer, with the Deputy Chief of Sustainability acting as the secretary. It also includes the Board Chairman, the Vice Chairman, and two additional appointed directors, one of whom is independent. [...] The Ethics and Audit Committee oversees Internal Audit operations, manages the Company's Ethics and Compliance Reporting Channel, and ensures compliance with Law No. 20,393 on Crime Prevention. It is comprised of the Board Chairman and two independent directors. The Internal Audit Manager serves as secretary. Meetings are held every three months, with reports presented to the Board accordingly. The Chairman of the Ethics and Audit Committee presents key matters to the Board on a quarterly basis.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Colbun seeks to support the country's climate goals, which is why the company set its carbon neutrality to 2050, aligned with the country's NDC.

To advance in the energy transition, Colbun plans to build up 4,000 MW between 2021 and 2030 and has committed to the scheduled closure of its coal-fired power plant by 2040. Colbun has publicly committed to reducing its net-emission factor by 30% and 40% by 2025 and 2030, respectively.

To ensure that engagement activities are aligned with the climate change strategy, both energy transition objectives (the construction of up to 4,000 MW of renewable energy projects) and carbon footprint objectives (reduction of the net emission factor), are corporate KPI's known by all employees, and its fulfillment affects everyone's variable remuneration, by 14%.

Also, Colbun's climate change strategy is public and can be found on the website and in the 2021 integrated report.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]No, but we plan to have one in the next two years

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]Colbun seeks to support the country's climate goals, which is why the company set its carbon neutrality to 2050, aligned with the country's NDC. To advance in the energy transition, Colbun plans to build up 4,000 MWby 2030 and has committed to the scheduled closure of its coal-fired power plant by 2040. Colbun has publicly committed to reducing its net-emission factor by 30% and 40% by 2025 and 2030, respectively.