On November 24, the Chilean unit of the German multinational Siemens joined the UN Global Compact at a ceremony in Santiago. Members of the Compact agree to adopt ethical and sustainable development practices.

Siemens Chile CEO Edwin Chávez attended the ceremony along with the firm’s compliance officer, Pablo Miranda, and communications manager, Vivian Budinich. Other Siemens Corporate Social Responsibility initiatives include multi-party compliance agreements and seminars on business ethics.

Two other Chilean companies - Minera Los Pelambres and Tecnasic – also joined the alliance in November. Other AmCham members in the Compact include BCi, Aramark, Arauco, Barrick, Coca Cola, Endesa, Entel, Gerdau Aza, GE and Anglo American.