The Sustainability Corporate Model of the Valorem Group seeks to guide the actions of Valorem and its companies to advance in the creation of sustainable value for its groups of interest 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 matters were prioritized which are managed transversely in all the 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.
Generation of value for shareholders
Good governance and business ethics
Talent development and well-being
Care and good use of resources
In order to achieve the effective implementation of the Sustainability Corporate 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 matter 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 Sustainability Corporate Model known to its stakeholders, Valorem prepares an annual corporate sustainability report.
Evolution of the sustainability corporate model
____ 2016 ____
- Structuring of the Sustainability Corporate Model
- Definition of transversal commitments in each material and particular matter for each company
____ 2017 ____
- Implementation of a plan to close gaps in each company
____ 2018 ____
- Exercise of benchmarking best practices (Best in Class) in sustainability for each of the Valorem Group companies
- Updating of the roadmap for each material matter
____ 2019 ____
- Prioritization in each company of the Sustainable Development Objectives (SDO) to identify, structure, develop and implement initiatives that allow defining measurable commitments and goals that contribute to their achievement.