Prosegur

Climate Impact & Sustainability Data (2018, 2019, 2024-2027)

Reporting Period: 2018

Environmental Metrics

Total Carbon Emissions:144,190 tCO2e (direct) + 16,063 tCO2e (indirect)

Total Energy Consumption:78,835 MWh

Water Consumption:396,961 m3

Waste Generated:1,727 tons (non-hazardous) + 192 tons (hazardous)

ESG Focus Areas

Ethics and corruption
Human Rights
Employee health and safety
Good Governance
Risk Management
Environmental management
Information security and data management
Supply chain management
Talent management
New technologies and digital transformation
Diversity and equality

Environmental Achievements

Continuous efforts to drive energy efficiency at delegations and bases, performing contracted power analysis to adjust the same to real power usage at facilities, as well as overhauling lighting equipment to cut power use and associated costs.
Implementation of control measures on consumption and waste generation in all countries where it operates. Subsequent waste management is always performed by an authorized waste management operator, pursuant to prevailing legislation in each country.

Social Achievements

Launched a new Talent Plan to help drive a culture of two-way communications, meritocracy and talent development.
More than 16 percent of the workforce belong to unions, while affiliation to collective bargaining agreements stands at 71 percent of all employees.
Prosegur Foundation had 43,240 direct beneficiaries in 10 countries, an increase of 8 percent on 2017.

Governance Achievements

Implemented a Corporate Compliance Programme to prevent and manage risks associated with breaches of regulations.
Adaptation to General Data Protection Regulation (GDPR) with measures such as updating data protection clauses, legal grounds for processing data, and implementation of consent mechanisms.
Implemented a risk management and control model for Prosegur Alarms business, encompassing Spain, Portugal and Latin America.

Climate Goals & Targets

Environmental Challenges

Sharp currency devaluation in Latin America and Argentina being declared a hyper-inflationary economy.
Adverse exchange rates impacting profitability.
Negative currency impact affecting financial results.

Mitigation Strategies

Efforts to counteract the negative currency impact, chiefly evident in cash generation. Operating cash flow in 2018 stood at EUR 343 million, improving nearly 4 percent compared to 2017.
Debt optimization, driving down the average cost of debt by close to 60 basis points and cutting finance costs by more than 50 percent.

Supply Chain Management

Responsible Procurement

Vendor selection must be independent, objective and transparent, with these criteria conciliated with the company’s interest in obtaining the best business conditions.
All suppliers are required to consent to, adhere to and comply with the Code of Ethics and Conduct from the moment a contract is signed with Prosegur.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 9001, ISO 14001, ISO 22301, ISO 27001, ISO 28001, EN 16082, OHSAS 18001, Aproser, APSAD, MASE, NCh2728:2015, NORSOK S-006, NP 4413:2012

Third-party Assurance: KPMG (Non-Financial Information Statement)

UN Sustainable Development Goals

SDG 4 (Quality Education)
SDG 8 (Decent Work and Economic Growth)
SDG 10 (Reduced Inequalities)
SDG 13 (Climate Action)

Prosegur Foundation's initiatives contribute to these goals through education, labour inclusion, and corporate volunteering.

Awards & Recognition

Transparency and Institutionality Award from Federación de Fundaciones (Argentina)
CSR Distinction Award for the “Creativity as a driver for change” project (Argentina)
Social Impact Award for best sustainability practices from Verallia Argentina

Reporting Period: 2019

Environmental Metrics

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS -EU

Third-party Assurance: KPMG Auditores, S.L.

Reporting Period: 2024-2027

Environmental Metrics

ESG Focus Areas

Environment
Social
Governance

Climate Goals & Targets

Long-term Goals:

Move towards a zero-emissions future.

Medium-term Goals:

Increase the representation of diverse groups in the workforce by 5% by 2027.
Translate 30% (2025), 40% (2026) and 50% (2027) of the training content into Hindi and Bahasi (% of content).
Carry out 60% (2025) and 80% (2026) of annual purchases through suppliers with full approval in Go Supply.
Achieve 30% (2025) and 60% (2026) of critical tenders that include sustainability criteria.
Achieve 80% (2025) and 90% (2026) of suppliers who have accepted the new supplier code of ethics.

Short-term Goals:

Define emissions reduction targets (scopes 1, 2 and 3) and develop and implement specific programs to achieve these targets. Objectives defined for scopes 1 and 2 before 2025, and before 2026 for scope 3.
Objectives defined before 2025 for expanding green energy consumption to more countries.
Objectives defined before 2025 for replacing the old fleet with low-emission vehicles, hybrids or other efficient alternatives.
Objectives defined before 2025 for implementing a program that minimizes waste and promotes the reuse of materials and perform a life cycle analysis (LCA) for new products.
Objectives defined before 2025 for implementing a program that allows for the rationalization and optimization of water consumption

Environmental Challenges

Growing pressure from regulators, consumers, and other interest groups for companies to adopt more sustainable and resilient business models in the face of global challenges such as climate change.

Mitigation Strategies

Developing and implementing a Sustainability Master Plan 2024-2027 aligned with CSRD, ESRS, and other relevant regulations and standards.