Climate Change Data

Grupo Argos

Climate Impact & Sustainability Data (2019, 2021)

Reporting Period: 2019

Environmental Metrics

Total Energy Consumption:57,741,318 GJ
Water Consumption:15,010,354,034 m³

ESG Focus Areas

  • Sustainability Vision
  • Strategic Coordination
  • Financial Management
  • Ethics and Corporate Governance
  • Identity and Engagement
  • Talent and Culture

Environmental Achievements

  • Reduced direct CO2 emissions (Scope 1) per million Colombian pesos of income by a percentage not specified, but with a 20% reduction target by 2025.
  • Optimization of the clinker/cement ratio
  • Use of alternative fuels to substitute conventional fuels
  • Improvements in thermal efficiency of operations
  • Technology development for the capturing of CO2 with microalgae

Social Achievements

  • Argos and Celsia ranked 2 and 3, respectively, in local companies with the greatest commitment to diversity (PAR 2019 ranking)
  • Argos gold seal at Equipares 2019
  • Growth of the female population from 19% to 21% in the last three years
  • 92% coverage of multidimensional performance appraisals

Governance Achievements

  • Annual assessment of Board effectiveness, alternating between external and self-assessment.
  • 100% of Board members informed and trained on anti-corruption policies and procedures.
  • No confirmed incidents of corruption in 2019.
  • No incidents of violation of the Business Code of Conduct in 2019.

Climate Goals & Targets

Short-term Goals:
  • Reduce direct CO2 emissions (Scope 1) per million Colombian pesos of income by 20% by 2025.
  • Reduce water consumption from 2015 by 50% per million Colombian pesos of income by 2025.

Environmental Challenges

  • Climate change impacts on water resources and operations.
  • Managing risks related to corruption and ethical conduct.
  • Maintaining a diverse and engaged workforce.
Mitigation Strategies
  • Established targets to reduce water consumption and CO2 emissions.
  • Implemented a comprehensive human rights system and due diligence process.
  • Developed a transparency hotline and code of conduct.
  • Implemented training programs on unconscious bias and diversity & inclusion.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, UN SDGs

UN Sustainable Development Goals

  • SDG 9 (Industry, Innovation and Infrastructure)
  • SDG 11 (Sustainable Cities and Communities)
  • SDG 13 (Climate Action)
  • SDG 17 (Partnerships for the Goals)

The report details how Grupo Argos' initiatives contribute to these goals through various programs and strategies.

Sustainable Products & Innovation

  • Green Cement

Awards & Recognition

  • Argos gold seal at Equipares 2019

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Economic
  • Social
  • Environmental

Environmental Achievements

  • Offsetting and voluntary planting programs intervened 80 hectares (Cement business), resulting in a positive externality estimated at USD 366.6 thousand.
  • 40% reduction in GHG emissions in the Energy business compared to 2020 due to higher levels of hydroelectric and wind power generation and the closure of the Bahía Las Minas coal plant.
  • ReverdeC water basin recovery program planted over 3 million trees in 2021 (Energy business).

Social Achievements

  • Community investments grew 57% (Cement business), focusing on housing, educational and community infrastructure, scholarships, and electrical energy supply in Haiti.
  • Training programs were equivalent to an average 93.6 hours per employee (Cement business).
  • Social investment in the Energy business grew 206% due to community infrastructure investment and restarting projects suspended in 2020.

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Actively collaborate with companies inside and outside the sector to build a standardized impact measurement methodology.
Medium-term Goals:
  • Apply the VAS approach to each of our businesses.
  • Carry out a consolidated VAS exercise for Grupo Empresarial Argos.
Short-term Goals:
  • Analyze the externalities of each business to determine updates to multipliers and the inclusion of new impacts.

Environmental Challenges

  • Increased Scope 1 and 2 greenhouse gas emissions, atmospheric emissions, and water consumption in the Cement business due to higher production levels.
  • Loss of 6 contractor lives in the Energy business due to workplace accidents.
Mitigation Strategies
  • Developing initiatives to replace traditional materials and fuels with alternative ones in the Cement business.
  • Fully investigating workplace accidents and identifying their causes to implement corrective actions and strengthen a culture of self-care in the Energy business.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Alternative materials and fuels (Cement)

Awards & Recognition

  • Not disclosed