AES Panamá Foundation

Corporate Governance

The management and administration bodies of the Foundation are the General Assemblies and the Board of Directors.

The General Assembly is the highest authority of the Foundation and is made up of: AES Panama, AES Changuinola, Costa Norte LNG Terminal, and Gas Natural Atlántico.

The Board of Directors is the body responsible for the administration of the Foundation and its assets, as well as the dispatch of its normal affairs. The Board includes:

The information on responsibilities, duties, rights, and other legal processes related to the organization and operation of the Foundation can be found in the Statutes of the AES Panamá Foundation.

All projects that are carried out or donations made must be approved by the Foundation's management and the Ethics and Compliance Officer to guarantee that they are aligned with our lines of action and that they comply with the highest standards of integrity and transparency.

Criteria for projects

The AES Panamá Foundation is committed to neighboring communities and their socioeconomic development. However, our social investment is determined by a series of criteria that must be considered when time to evaluate social investment projects. All Foundation projects must comply with the following requirements:

• Being in the communities of influence of the plants and/or construction projects and benefit these communities.
• Generate value for communities or respond to actual needs.
• Provide sustainable and long-term benefits for the communities.
• Align with one of the four lines of action and the SDGs.
• Generate an impact that is measurable through the years.
• Being comprehensive initiatives and not specific needs.
• Benefit a significant portion of the community and not to individuals.
• Being replicable in all or most of the localities if it responds to the needs of each community.

Being promoted by organizations or institutions duly conformed according to the laws of Panama.

• Panamanian Chamber of Social Development (CAPADESO) is a network of non-governmental, non-profit organizations that promote social development in Panama. Their main objective is to bring together these organizations to showcase their contributions to problem-solving and raise public awareness about their work. Its members, the non-profit organizations, are dedicated to the social development of the country. In October 2024, the AES Panamá Foundation was recognized with the prestigious CAPADESO Seal, which certifies organizations that, after a process of self-diagnosis and independent evaluation, demonstrate good practices in governance, management and transparency in all their projects.
• The Don Bosco Technical Institute is a renowned educational institution dedicated to providing technical and vocational training to young people in Panama. The AES Panamá Foundation partners with Don Bosco to support initiatives that promote skill development and employment opportunities, empowering youth through quality education and practical training in various technical fields.
• Colegio Abel Bravo is a prestigious educational institution in Colón, Panama, dedicated to providing high-quality education and fostering academic excellence among its students. The AES Panamá Foundation partners with Colegio Abel Bravo to support various educational initiatives, including programs that promote leadership, innovation, and technical skills development, contributing to the growth and empowerment of young people in the region of Colón.
• The Ministry of Social Development (MIDES) is responsible for formulating and implementing social policies aimed at improving the quality of life for the Panamanian population. The AES Panamá Foundation partners with MIDES to address social challenges and promote inclusive economic growth through various community projects.
• Franklin Covey Panama is a global consulting and training firm that specializes in leadership, strategy execution, productivity, and individual effectiveness. The AES Panamá Foundation collaborates with Franklin Covey Panama to implement programs that enhance leadership skills, foster personal development, and drive impactful results in communities, aligning with the Foundation's commitment to empowering individuals and promoting sustainable development.
• Fundación Alianza para el Desarrollo is committed to fostering social and economic development in vulnerable communities across Panama. Through collaborative projects and initiatives, the AES Panamá Foundation partners with Fundación Alianza para el Desarrollo to enhance community resilience, promote inclusive economic growth, and empower individuals through education and entrepreneurship in Changuinola.
• Funde Steam is an organization dedicated to promoting Science, Technology, Engineering, Arts and Mathematics (STEAM) education, particularly among women and girls in Panama. The AES Panamá Foundation collaborates with Funde Steam to empower young women through educational programs and initiatives that encourage their participation in STEAM fields.
• UTP (Technological University of Panama). The AES Panamá Foundation signed a collaborative framework agreement with the Technological University of Panama (UTP); to promote cooperation activities within the two institutions in the academic, scientific, and cultural areas, such as: research and scientific-technological development in fields of electricity, mechanics, languages, and data sciences. In 2022, AES Panamá and the Ciudad del Saber Foundation signed a cooperation agreement to promote the opening of the startup ecosystem in Panama, link the activities of corporate social responsibility and social investment between both institutions, as well as facilitating learning and innovation initiatives.
• Wetlands International is a non-profit organization dedicated to the preservation and biodiversity of wetlands, in Panama, specifically mangroves. For years, the AES Panamá Foundation has relied on the partnership with Wetlands International to help us in our mission to aid the environment and Panama´s biodiversity. We have worked together in a yearly Galeta Island mangrove reforestation activity as well as other ones such as beach cleanups in Costa del Este.
• Yaguara Foundation. The AES Panamá Foundation has allied with the Yaguara Foundation to support them in their mission to preserve Panama´s jaguar population. This alliance is significant to the AES Panamá Foundation, since our third most important pillar is the environment.