Climate Change Data

Environmental Metrics

ESG Focus Areas

• Governance

Governance Achievements

• Implemented a procedure defining practices for interacting with shareholders regarding information access and communication.
• Established a corporate website (partially in English) with information on share classes and rights.
• Implemented detailed explanations to shareholders for capital dilution operations.
• Established mechanisms for permanent access for shareholders to express opinions and concerns.
• Provided quarterly and semi-annual reports to investors.
• Participated in monthly committees and presentations on business indicators, liabilities, and financial policies.
• Included in the bylaws the right for shareholders representing at least 5% of capital to request specialized audits.
• Established mechanisms for resolving disputes through direct agreement and arbitration.

Climate Goals & Targets

Environmental Challenges

• Developing a written procedure for shareholder requests for specialized audits.
• Implementing a commitment from board and management members to not trade company shares during an OPA or similar operations.
• Developing a specific procedure for implementing the right of shareholders to propose new points for the agenda of the General Shareholders' Meeting.
• Developing specific classifications for information that can be denied to shareholders.
• Developing a specific procedure for implementing the use of a standard model of representation letter for shareholders.
• Developing a specific procedure for implementing the requirement that members of the Board of Directors and, especially, the Presidents of the Board Committees, as well as the President of the company, attend the Assembly to answer shareholders' questions.
• Developing a specific procedure for implementing the requirement that the bylaws expressly indicate those functions that cannot be delegated to Senior Management.
• Developing a specific procedure for implementing the requirement that the bylaws expressly indicate the rules for the appointment of the Secretary of the Board of Directors.
• Developing a specific procedure for implementing the requirement that the Board of Directors annually evaluates the effectiveness of its work as a collegiate body, that of its Committees and that of the members individually considered, including peer evaluation, as well as the reasonableness of its internal rules and the dedication and performance of its members, proposing, where appropriate, modifications to its organization and operation that it deems appropriate.
• Developing a specific procedure for implementing the requirement that the Board of Directors alternates the technique of internal self-assessment with external evaluation carried out by independent advisors.
• Developing a specific procedure for implementing the requirement that the Board of Directors develops the understanding of the company regarding the duties of the members of the Board of Directors referred to in recommendation 20.2.
• Developing a specific procedure for implementing the requirement that the Board of Directors develops the content of the rights of the members of the Board of Directors established in recommendation 20.3.
• Developing a specific procedure for implementing the requirement that the Board of Directors distinguishes the nature of conflicts of interest, differentiating between sporadic or permanent conflicts of interest.
• Developing a specific procedure for implementing the requirement that the Board of Directors approves a policy for the designation of the Auditor, approved by the Board of Directors and disclosed among the Shareholders, in which the provisions established in recommendation 29.8 are included.
• Developing a specific procedure for implementing the requirement that the Board of Directors prepares an annual Corporate Governance Report, the content of which is the responsibility of the Board of Directors, after review and favorable report from the Audit Committee, which is presented together with the rest of the year-end documents.

Mitigation Strategies

• The company is developing the necessary procedures.

Supply Chain Management

Climate-Related Risks & Opportunities