Argos is ranked among the many finest firms for social accountability and company governance
Because of its dedication to company governance and the creation of social worth for its stakeholders, Argos, the Grupo Argos cement plant, has entered, for the tenth 12 months, within the rating of probably the most excellent firms in Social Duty (RS) and Company Governance of Merco Colombia.
This measure contains finishing up a radical and rigorous investigation utilized to numerous audiences, together with representatives of NGOs, monetary analysts, unions, shopper associations and financial information journalists, amongst others. As well as, it assesses variables equivalent to moral conduct, transparency, good governance, accountability to staff, contribution to the group and dedication to the setting and local weather change.
“2020 is a 12 months that can be remembered by all. The COVID-19 pandemic has remodeled the best way we stay and left us with deep classes, however it has additionally redefined values equivalent to empathy and solidarity, accelerated the seek for common objectives and impressed reflection and debate on simply social causes. At Cementos Argos, we’re deeply proud to reaffirm that in 2020 we are going to create social worth and strengthen the dedication we’ve got with the very best requirements of sustainability and with constructing establishments and a greater society, ”mentioned Juan Esteban Calle, president of Cementos Argos.
In 2020, Argos returned the corporate 3.34 instances its revenue. The above outcomes from a mannequin referred to as State of Worth Added to Society or VAS (for its acronym in English), which the corporate developed seven years in the past, permits it to monetize the constructive and destructive externalities ensuing from its administration. and to worth the social, financial and environmental impacts to find out the technology of sustainable worth for society.
In social issues, a number of and various actions have been carried out by Argos in 2020, with which it ratified its dedication to be a very good neighbor and an ally within the growth of communities. As a enterprise, it has recorded a social funding of over $ 4.6 million that has positively impacted the lives of over 700,000 individuals. 55% of the funding was meant to help the administration of the pandemic within the areas of affect of the three areas.
Likewise, throughout the 12 months, Argos labored on updating its local weather change technique to hunt to contribute considerably to lowering emissions and accountable stewardship of sources. Ongoing initiatives and applications, equivalent to inexperienced merchandise, CO2 seize with microalgae, electrical mobility, recycled aggregates, co-treatment, amongst others, are a part of this technique.
Merco Duty and Company Governance performed greater than 5,000 surveys with completely different curiosity teams in 2020 to evaluate firms’ dedication to ethics, transparency, accountability with staff, dedication to setting and local weather change.
Learn the article on-line at: https://www.worldcement.com/the-americas/08032021/argos-is-ranked-one-of-the-top-companies-for-social-responsibility-and-corporate- governance /