AES Andes Green Financing Framework May 2024

The 2024 version of AES Andes' Green Financing Framework represents a significant restructuring and expansion of the document, shifting from a parent company (AES Corporation global) focus to a regional subsidiary (AES Andes) focus specific to South America. The newer version introduces a formal "Sustainability Strategy" section with the Greentegra transformational strategy and explicit three-horizon time framework (short/medium/long-term), whereas the 2021 version lacked this strategic articulation. The document structure has been reorganized with a clearer table of contents, and the 2024 version explicitly references an external review component and geographic specificity to Chile, Colombia, and Argentina operations.

• modified Scope and Governance — Document scope shifted from global AES Corporation to AES Andes, a regional subsidiary focused on South American operations (Chile, Colombia, Argentina).
• added Sustainability Strategy — Formal sustainability strategy section added outlining the Greentegra transformational strategy with three strategic objectives and three time horizons (short-term 1-2 years, medium-term ~5 years, long-term).
• added Standards Alignment — Explicit reference to external review governance added in the 2024 version, indicating alignment with external sustainability standards and verification processes.
• added Geographic Focus — Clear articulation of regional focus on South American markets (Chile, Colombia, Argentina) with specific market positioning as a leading generation company in the region.
• modified Document Structure — Document reorganized with enhanced table of contents and introduction of a dedicated 'Sustainability Strategy' section, improving overall clarity and governance structure.