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AES Named to List of World's Most Ethical Companies for the Ninth Year

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AES is one of only nine in the energy and utilities sector to be recognized for its integrity and high standards in ethical business practices

ARLINGTON, Va., March 15, 2022 /PRNewswire/ -- The AES Corporation (NYSE: AES) has been named one of the World's Most Ethical Companies for the ninth consecutive year by Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices. AES is one of 56 companies in the world to receive this designation nine or more times and one of only nine companies in the global energy and utilities sector to receive the distinction this year.

Accelerating the future of energy, together. (PRNewsfoto/The AES Corporation)
Accelerating the future of energy, together. (PRNewsfoto/The AES Corporation)

"We are honored to be recognized as one of the World's Most Ethical Companies for the ninth year in a row."

"AES has always been a values-driven company, and we are honored to be recognized as one of the World's Most Ethical Companies for the ninth year in a row by Ethisphere Institute," said Andrés Gluski, AES President and CEO. "Our people share a purpose and a passion to improve lives by accelerating the future of energy, together. Thank you to each AES person for the work you do and the excellence you bring to AES and the customers and communities we serve every day."

The World's Most Ethical Companies designation is awarded after Ethisphere Institute's extensive evaluation of a company's business, financial and compliance practices. The Institute's assessment is grounded in Ethisphere's proprietary Ethics Quotient® that includes more than 200 questions on culture, environmental and social practices, ethics and compliance activities, governance, diversity and other relevant initiatives. The process serves as an operating framework to capture and codify leading practices by organizations across industries around the globe in an objective, consistent and standardized manner.

"Today, business leaders face their greatest mandate yet to be ethical, accountable, and trusted to drive positive change," said Ethisphere CEO, Timothy Erblich. "We continue to be inspired by the World's Most Ethical Companies honorees and their dedication to integrity, sustainability, governance, and community. Congratulations to AES for earning the World's Most Ethical Companies designation."

In 2022, Ethisphere Institute recognized 137 companies in 22 countries and more than 45 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 (top in the energy sector) by the Wall Street Journal and The Drucker Institute; and as one of America's Most Responsible Companies by Newsweek.

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. For more information, visit 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 the COVID-19 pandemic, 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 and rates of return consistent with prior experience.

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 2021 Annual Report on Form 10-K filed February 28, 2022, and any subsequent filing with the SEC, may obtain a copy (excluding Exhibits) 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 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.

Cision
Cision

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SOURCE The AES Corporation