Argos is ranked among the many finest corporations for social accountability and company governance

Because of its dedication to company governance and the creation of social worth for its stakeholders, Argos, the Grupo Argos cement plant, has entered, for the tenth yr, within the rating of essentially the most excellent corporations in Social Duty (RS) and Company Governance of Merco Colombia.

This measure contains finishing up a radical and rigorous investigation utilized to varied audiences, together with representatives of NGOs, monetary analysts, unions, shopper associations and financial information journalists, amongst others. As well as, it assesses variables corresponding to moral habits, transparency, good governance, accountability to staff, contribution to the group and dedication to the surroundings and local weather change.

“2020 is a yr that shall be remembered by all. The COVID-19 pandemic has remodeled the way in which we reside and left us with deep classes, nevertheless it has additionally redefined values ​​corresponding to empathy and solidarity, accelerated the seek for common objectives and impressed reflection and debate on simply social causes. At Cementos Argos, we’re deeply proud to reaffirm that in 2020 we’ll create social worth and strengthen the dedication we have now with the very best requirements of sustainability and with constructing establishments and a greater society, ”mentioned Juan Esteban Calle, president of Cementos Argos.

In 2020, Argos returned the corporate 3.34 occasions its revenue. The above outcomes from a mannequin referred to as State of Worth Added to Society or VAS (for its acronym in English), which the corporate developed seven years in the past, permits it to monetize the optimistic and damaging externalities ensuing from its administration. and to worth the social, financial and environmental impacts to find out the era of sustainable worth for society.

In social issues, a number of and various actions had been carried out by Argos in 2020, with which it ratified its dedication to be neighbor and an ally within the growth of communities. As a enterprise, it has recorded a social funding of over $ 4.6 million that has positively impacted the lives of over 700,000 folks. 55% of the funding was supposed to help the administration of the pandemic within the areas of affect of the three areas.

Likewise, throughout the yr, Argos labored on updating its local weather change technique to hunt to contribute considerably to decreasing emissions and accountable stewardship of assets. Ongoing initiatives and applications, corresponding to inexperienced merchandise, CO2 seize with microalgae, electrical mobility, recycled aggregates, co-treatment, amongst others, are a part of this technique.

Merco Duty and Company Governance carried out greater than 5,000 surveys with completely different curiosity teams in 2020 to evaluate corporations’ dedication to ethics, transparency, accountability with staff, dedication to surroundings and local weather change.

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