About the AES Panamá Foundation
The AES Panama Foundation centralize all social investment projects in the communities where AES operates. We are committed to strengthening our relationships with these communities through sustainable social impact programs, thereby contributing to the development and well-being of all.
Mission
To improve lives through sustainable projects that promote the economic and social development of the communities where AES group companies operate in Panama.
Vision
To be the leading organization in the energy sector in Panama, enhancing the quality of life of the communities we serve."
Our journey to sustainability
AES Panamá has a long history of supporting our communities in Panama. Since 1999, we have invested more than US $90 million in social projects that have benefited the communities in the areas of sports, environment, entrepreneurship, education, health and safety.
We are committed to our journey to sustainability, and we believe that the AES Panamá Foundation is critical to achieving our goals. We work with our communities to promote sustainable practices, and we are investing in research and development to develop new technologies that will help us to reduce our environmental impact.
Impact areas
- Access to safe, efficient, and accessible energy and basic services
- Inclusive economic growth
- Environmental conservation
- Well-being, health and safety of communities
Our contribution to UN Sustainable Development Goals
Foundation management and administration
The General Assembly is the highest authority of the Foundation and is comprised of AES Panamá, 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. Its members are:
Miguel Bolinaga
President
Edgar Ivankovich
Vice President
Mayka McCalla
Chair
Angelica Bertoli
Secretary
Cecilia Maldini
Treasurer
Veronica Sinisterra
Ethics and Compliance Officer
Stephanie Lezcano
Executive Director
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 AES Panamá Foundation.
All projects that are carried out or donations made by the Foundation must be approved by the Foundation's management team 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.
Our impact in 2023
+1,000 corporate volunteering hours
+$200K in social investment
+3,000 direct beneficiaries
Social impact project criteria
- Being in the communities of influence of AES Panamá’s plants and / or construction projects.
- Generate value for communities and / 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 United Nations Sustainable Development Goals (SDGs).
- Generate a measurable impact through the years.
- Be comprehensive initiatives and not specific needs.
- Benefit a significant portion of the community, not specific individuals.
- Be replicable in all or most of the localities if it responds to the needs of each community.
- Be promoted by organizations or institutions duly conformed according to the laws of Panama.