Climate Change Data

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