AES Recognized as One of the World's Most Ethical Companies for Tenth Consecutive Year

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03/13/2023 - 06:10 AM EDT

Recognition by the Ethisphere Institute honors companies demonstrating business integrity through best-in-class ethics, compliance and governance practices

ARLINGTON, Va., March 13, 2023 /PRNewswire/ -- The AES Corporation (NYSE: AES) has been recognized as one of the 2023 World's Most Ethical Companies^® by Ethisphere, a global leader in defining and advancing the standards of ethical business practices. This is the tenth consecutive year that AES has received this designation and this year is one of only nine honorees in the energy sector.

"At AES, we put a premium on conducting business with the highest standards of integrity"

"We are honored to receive the World's Most Ethical Companies designation for a tenth year. This is a tribute to all our people and reflects our emphasis on maintaining the highest standards in our work, our operations, and our corporate practices," said Andrés Gluski, AES President and CEO. "Every person at AES shares in this honor – for 2023 and for each year we've earned this recognition over the past decade."

"At AES, we put a premium on conducting business with the highest standards of integrity," said Paul Freedman, AES General Counsel. "AES has always been a values-driven company, and our people share a common purpose of working to improve lives and accelerating a greener, smarter energy future."

"Ethics matter. Organizations that commit to business integrity through robust programs and practices not only elevate standards and expectations for all, but also have better long-term performance," said Ethisphere CEO, Erica Salmon Byrne. "We continue to be inspired by the World's Most Ethical Companies honorees and their dedication to making real impact for their stakeholders and displaying exemplary values-based leadership. Congratulations to AES for earning a place in the World's Most Ethical Companies community."

In 2023, 135 honorees were recognized spanning 19 countries and 48 industries.

The World's Most Ethical Companies announcement follows other recent honors recognizing AES' leading business practices, including being named one of the World's Most Innovative Companies by Fast Company; one of the 100 Just Companies in the US by JUST Capital; one of the Top 250 Best Managed Companies by the Wall Street Journal and The Drucker Institute; and as one of America's Most Responsible Companies by Newsweek.

Ethisphere's Methodology & Scoring
Grounded in Ethisphere's proprietary Ethics Quotient^®, the World's Most Ethical Companies assessment process includes more than 200 questions on culture, environmental and social practices, ethics and compliance activities, governance, diversity, and initiatives that support a strong value chain.

About AES
The AES Corporation (NYSE: AES) is a Fortune 500 global energy company accelerating the future of energy. Together with our many stakeholders, we're improving lives by delivering the greener, smarter energy solutions the world needs. Our diverse workforce is committed to continuous innovation and operational excellence, while partnering with our customers on their strategic energy transitions and continuing to meet their energy needs today. Learn more at www.aes.com.

Safe Harbor Disclosure
This news release contains forward-looking statements within the meaning of the Securities Act of 1933 and of the Securities Exchange Act of 1934. Such forward-looking statements include, but are not limited to, those related to future earnings, growth and financial and operating performance. Forward-looking statements are not intended to be a guarantee of future results, but instead constitute AES' current expectations based on reasonable assumptions. Forecasted financial information is based on certain material assumptions. These assumptions include, but are not limited to, our expectations regarding accurate projections of future interest rates, commodity price and foreign currency pricing, continued normal levels of operating performance and electricity volume at our distribution companies and operational performance at our generation businesses consistent with historical levels, as well as the execution of PPAs, conversion of our backlog and growth investments at normalized investment levels, rates of return consistent with prior experience and the COVID-19 pandemic.

Actual results could differ materially from those projected in our forward-looking statements due to risks, uncertainties and other factors. Important factors that could affect actual results are discussed in AES' filings with the Securities and Exchange Commission (the "SEC"), including, but not limited to, the risks discussed under Item 1A: "Risk Factors" and Item 7: "Management's Discussion & Analysis" in AES' Annual Report on Form 10-K and in subsequent reports filed with the SEC. Readers are encouraged to read AES' filings to learn more about the risk factors associated with AES' business. AES undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except where required by law.

Any Stockholder who desires a copy of the Company's 2022 Annual Report on Form 10-K filed March 1, 2023, with the SEC may obtain a copy (excluding the exhibits thereto) without charge by addressing a request to the Office of the Corporate Secretary, The AES Corporation, 4300 Wilson Boulevard, Arlington, Virginia 22203. Exhibits also may be requested, but a charge equal to the reproduction cost thereof will be made. A copy of the Annual Report on Form 10-K may be obtained by visiting the Company's website at www.aes.com.

Website Disclosure

AES uses its website, including its quarterly updates, as channels of distribution of Company information. The information AES posts through these channels may be deemed material. Accordingly, investors should monitor our website, in addition to following AES' press releases, quarterly SEC filings and public conference calls and webcasts. In addition, you may automatically receive e-mail alerts and other information about AES when you enroll, your e-mail address by visiting the "Subscribe to Alerts" page of AES' Investors website. The contents of AES' website, including its quarterly updates, are not, however, incorporated by reference into this release.

MEDIA CONTACT:
Gail Chalef
Gail.chalef@aes.com ● 571-833-8804

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