Odinsa S.A.
Climate Impact & Sustainability Data (2019, 2023)
Reporting Period: 2019
Environmental Metrics
Total Carbon Emissions:16,517 tCO2e (Odinsa, excluding concessions)
ESG Focus Areas
- Relacionamiento estratégico
- Ética, cumplimiento y transparencia
- Ecosistemas
- Cambio climático
- Contribución al desarrollo local
- Talento humano y cultura
- Infraestructura de vanguardia
- Desempeño económico
- Selección y gestión de proveedores
- Derechos humanos
- Calidad del aire
Environmental Achievements
- Mariscal Sucre airport declared carbon neutral
- El Dorado airport received Airport Carbon Accreditation Level 2 – Reduction
- More than 240,000 trees planted in Conexión Pacífico 2
- 25 hectares reforested with 27,500 trees in Autopistas del Café
- El Dorado airport achieved Gold certification in Zero Waste Management System
Social Achievements
- More than 1,000 children from 22 schools received road safety training
- Over 480 direct and indirect jobs generated in Autopistas del Nordeste and Boulevard Turístico del Atlántico
- El Dorado airport recognized for fulfilling Sustainable Development Goal 12 (responsible production and consumption)
- 92% employee satisfaction score at Autopistas del Café
- 9.545 training hours provided, exceeding the target of 70 hours per employee
Governance Achievements
- Comprehensive reform of bylaws to adopt best corporate practices
- 100% of employees completed ethics and transparency training
- 100% of employees completed annual declaration of potential conflicts of interest
- Implementation of a transparency line
- Voluntary participation in the Dow Jones Sustainability Index, ranking 10th out of 33 companies
Climate Goals & Targets
Long-term Goals:
- Net-zero emissions by 2050 (target set, but no specific plan detailed)
Medium-term Goals:
- Achieve 30% waste recovery (El Dorado airport)
Short-term Goals:
- Reduce water consumption by 43% (Autopistas del Café)
- Reduce emissions of Scopes 1 and 2 by 6-10% (El Dorado airport)
- Reduce emissions of Scopes 1 and 2 by 5% (Mariscal Sucre airport)
Environmental Challenges
- Complex global economic context due to trade wars, geopolitical changes, and volatile raw material prices
- Economic readjustment in some operating countries
- Negative growth in the construction sector in Colombia in 2019
Mitigation Strategies
- Successful bond issuances for Mariscal Sucre, El Dorado, and Autopistas del Café
- Acquisition of a 53% stake in Túnel Aburrá Oriente
- Focus on successful execution of the 2016 strategy
- Optimization of capital structure for key assets
- Strengthening of financial structure and flexibility to face market volatility
Supply Chain Management
Supplier Audits: Information on supplier audits available in the report, but not quantified.
Responsible Procurement
- Inclusion of environmental and social criteria in supplier evaluation
- Compliance with labor laws, social security, human rights, and anti-corruption regulations
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
Transition Risks
- Regulatory changes
- Market shifts
Opportunities
- Development of energy-efficient products and services
Reporting Standards
Frameworks Used: GRI, Dow Jones Sustainability Index (DJSI)
Certifications: ISO 9001, ISO 45001, Airport Carbon Accreditation (ACA)
Third-party Assurance: Deloitte
UN Sustainable Development Goals
- Goal 7 (Affordable and clean energy)
- Goal 12 (Responsible consumption and production)
- Goal 13 (Climate action)
Initiatives contributing to these goals are mentioned throughout the report.
Awards & Recognition
- Investor Relations Award (BVC)
- Airport Going Green Awards
- Skytrax awards
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Occupational Health and Safety
- Diversity and Inclusion
- Climate Change
- Engagement and Climate
- Circular Economy
- Supply Chain Management
- Socio-economic Regulations
- Environmental Regulations
- Code of Conduct
Environmental Achievements
- Reduced Scope 3 emissions (Airport Concessions) from 422,875 tCO2eq in 2020 to 163,694 tCO2eq in 2023.
- Increased renewable energy consumption (Total Odinsa) from 9,949.8 GJ in 2021 to 109,411.31 GJ in 2023.
Social Achievements
- Improved employee commitment index (Odinsa Corporate) from 89% in 2020 to 84% in 2023.
- Improved organizational climate assessment results across various concessions.
Governance Achievements
- No confirmed incidents of corruption or bribery reported across all segments in 2023.
Climate Goals & Targets
Environmental Challenges
- Supply chain disruptions (implied by fluctuating number of suppliers and expenditures)
- Maintaining high ESG standards across diverse concessions and suppliers.
Mitigation Strategies
- Implementation of ESG risk assessment and identification processes for suppliers (though coverage is low).
- Focus on employee training and engagement to improve organizational climate and reduce turnover.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI, DJSI