Grupo Argos plays an active role in the sustainability vision of its strategic investments, for which it has a Corporate Sustainability Strategy that sets the Environmental, Social and Corporate Governance goals of the Business Group and that is fed by a broad visión, supported by the trends of each industry in which Cementos Argos, Celsia and Odinsa participate.
Grupo Argos sustainability strategy consists of being conscious in our investments, responsible in our operations and at the forefront in our ESG practices, in order to generate value for our shareholders, for society and for the planet. The transversal management of the sustainability strategy has a corporate governance scheme that guarantees alignment thanks to the participation of our executives in the boards of directors and sustainability committees of the companies as patrimonial members, in addition to a shared scheme of goals and objectives, transversal for the entire Business Group that are in line with the Global Agenda for Sustainable Development and the United Nations 2030 Agenda.
Sustainability Policy
Materiality Analysis
Sustainable Development Goals (SDGS)
Emergency plan to face the COVID-19 pandemic
Governance
Our Corporate Governance and Compliance systems define and set standards of ethics, conduct, and transparency under which we establish comprehensive management mechanisms for our stakeholders.
Structure of the Board of Directors
The Board of Directors is our highest executive body and has a general overview of all the Corporate Group’s business. It has a diverse make up in terms of gender, abilities, and experience, and has active participation from independent members.
Our Board defines corporate strategy, supervises management activities, and monitors any economic, environmental, and social risks that arise.
Sustainability and Corporate Governance Committee
The Board of Directors, through our Sustainability and Corporate Governance Committee, assumes responsibility for managing and monitoring all ESG-related risks and opportunities that arise. The Board of Directors and its Sustainability and Corporate Governance Committee defined strategy on ESG topics, approve and follow up plans for execution. The above is discussed by the strategic businesses through their Boards of Directors, the Cross-Cutting Sustainability Committee made up of the responsible Vice Presidents and the Integrated Sustainability Synergy Table made up by teams from Grupo Argos and all its businesses.
This committee is made up of three Board members, at least one of which must be an independent member. The company CEO attends meetings in an advisory capacity, and acts as the General Secretary for the Corporation, or the person appointed by him.
Our Sustainability and Corporate Governance Committee is made up by:
Rosario Córdoba (Chair, independent member)
Carlos Ignacio Gallego (Proprietary member)
Claudia Betancourt (Proprietary member)
Environmental
Grupo Argos, as an investment holding company, is aware of the impact generated by its strategic businesses. Thus, our operational guidelines guarantee alignment and monitoring of priority environmental topics in our businesses. This leads them to operate responsibly, minimizing the negative and maximizing the positive impact of their activities. Thus, ensuring responsible operation is one of the main objectives of all the environmental processes at our subsidiaries, which have full autonomy to act according to their competitive strategies. Each of our subsidiaries also has an environmental strategy according to the characteristics of each business and the industry where they operate. Exercising our role as the active strategic architect, we have prioritized four environmental topics we consider relevant to all our businesses in a cross-cutting manner.
Social
Talent management
We transcend to build a better tomorrow. To maximize our capacity for transformation, we attract, develop and retain the best talent motivated by a team of leaders with a sense of integrity and the ability to inspire more than 13,000 employees to work for a higher purpose.
We work under a common purpose that allows us to transcend, inspire, take accountability and operate under a common principle of integrity. On this front, we have strategies for employer brand, talent planning and development, performance management, and individual development plans. Learn about our culture here
We understand that our differences unite us. That is why we develop programs that will allow us to count on diverse and multicultural talent, which brings together wills and visions to fulfill dreams and positively transform the lives of millions of people. We work on diversity and inclusion, employee engagement, and workplace environment, compensation, welfare, and freedom of association.
We are committed to protecting and promoting our employees' health, safety, and wellbeing so that they return home safe and healthy.
We are committed to respecting and promoting human rights. A sense of integrity guides us as the foundation of business management, and we take responsibility for preventing and identifying the effects of our operations.
