For Tinguiririca Energía, being sustainable is a way of thinking and performing our work, which has a central focus on taking good care of the men and women who are our collaborators, working with our neighboring communities and honoring a special commitment with the environment and taking good care of it. These are the essential points we include in our ongoing management efforts in our quest for creating value for our business.
Our company adheres to the principles of the United Nations Global Compact, which sets out ten universal principles grouped into four areas that address human rights, compliance with labor standards and regulations, taking good care of the environment and the fight against corruption. It is our way of making our contribution to a more inclusive and fair global market.
Taking good care of the environment is essential for Tinguiririca Energía. It is to be noted that the La Higuera and La Confluencia hydropower plant are registered under the Kyoto Protocol Clean Development Mechanism and contribute through their generation operations to the reduction of CO2 to combat global warming.
We promote friendly conduct in relation with the environment, not only by and among our team, but also with the community. To further this objective, we hold talks at neighboring communities periodically, and principally to school children to show the natural richness of the upper basin of the Tinguiririca River where our hydropower plants are located and the importance of the responsible use of water resources.
In this same context, we carry out a number of initiatives at area schools; we also participate in associations and activities that encourage the efficient use of water and taking good care of nature. Our company is the first in Chile to measure its water footprint.
Since 2007, we have been promoting and supporting our nearby communities in the development of projects in the fields of health, education, the environment and community development through our program for the award of funding on a competitive basis named Tinguiririca Participa (Tinguiririca Participates). This not only has enabled us to support the communities but also has been a fundamental tool for engagement and bonding with our neighbors by understanding their concerns and needs and bearing witness to their achievements and improvements in their quality of life. Added to this is our strong commitment with enhancing community job competencies related with micro-entrepreneurship through the holding of training courses.
Every two years we report on our progress and evaluate our performance through our Sustainability Report, as governed by the Global Reporting Initiative (GRI), which enables us to provide a transparent narrative of our operation, follow-ups on achieving our own goals and enhancement in depth of our sustainable management model.