The Corporate Sustainability Model of Grupo Valorem guides its companies in the creation of sustainable value for its stakeholders in the economic, social and environmental dimensions.
The model was built in 2016, starting with a materiality analysis that had as input the comparison of similar companies that are industry benchmarks, the understanding of subsidiary companies, the study of sustainability indices and standards and the dialogue with its stakeholders.
From this analysis 5 material issues were prioritized to implement by Valorem Group companies. In accordance with the maturity level and the particularities of its sector, each company has developed a strategy to integrate the management of such matters in its value chain. In addition, companies have developed different particular initiatives to meet the expectations of their stakeholders and to generate value.
Creating shareholders value
Corporate Governance and Ethics
Talent Wellness and Development
Care and Good Use of Resources
In order to achieve the effective implementation of the Corporate Sustainability Model and to give it the strategic importance and relevance required, a government model was structured whose highest decision-making body is the board of directors of Valorem. Each material issue is managed by a member of the Valorem executive committee whose responsibility is to direct and take the pertinent actions to advance in the fulfillment of the proposed objectives and goals.
The sustainability committee is formed by the members of the Valorem executive committee and the sustainability leaders of each company in the group. Its objective is to define guidelines, to promote the implementation of cross-cutting actions, identify synergies, share success stories and extend knowledge related to sustainable practices.
The deployment of actions towards the group companies of is carried out through peer committees per material matter. This work between peers of the companies allows sharing experiences, incorporating learning, applying best practices and developing joint initiatives.
For the purpose of making the commitments and advances of the Corporate Sustainability Model known to its stakeholders, Valorem prepares an annual corporate sustainability report.
Evolution of the Corporate Sustainability Model
____ 2016 ____
- Structuring of the Corporate Sustainability Model
- Definition of transversal commitments in each material and particular issue for each company
____ 2017 ____
- Implementation of a plan to close gaps in each company
____ 2018 ____
- EExercise of benchmarking best practices (Best in Class) in sustainability for each ot the Grupo Valorem Companies
- Updating of the roadmap for each material issue
____ 2019 ____
- Priorization in each company of the Sustainable Development Goals (SDGs) to identify, structure, develop and implement initiatives that allow defining measureable commitments and goals that contribute to their achievement.