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Comprehensive Policy
Apr 30, 2020

Ecopetrol has a Comprehensive Policy that includes ethics and transparency within its fundamental pillars, as follows:

“We frame our actions in ethics and transparency, therefore we have zero tolerance for the occurrence of acts constituting fraud, corruption, bribery, money laundering, financing of terrorist activities and FCPA violations, in compliance with applicable national and international laws”.

Likewise, the company's Bylaws publicly reiterates the commitment of the Ecopetrol Group, its administrators and workers to:

  1. Refrain from carrying out unethical actions;
  2. Promote, maintain and strengthen the Compliance Program and the Internal Control System;
  3. Have in place tools that identify the Company's risks and include control measures to mitigate them;
  4. Zero-tolerance for acts of favoritism, cronyism or nepotism in the recruitment processes;
  5. Have in place adequate and confidential channels to receive and manage concerns, enquiries and complaints submitted by workers and interested parties regarding the Company’s transparency, among others;

It also describes the independency of the Corporate Vice-Presidency of Compliance, unit that ensures the adoption and management of the Compliance Program, the Internal Control System, and fosters its enforcement and articulation in Ecopetrol Business Group, among others aspects of the (Art. 46).

See the bylaws in the following link

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