Creating shareholders value
+ Refocosta achievements
- It carried out its continuous update of the risk map with the accompaniment of the firm Deloitte, focusing efforts on the aspects of greater impact and vulnerability for the company.
- It maintained the FSC (Forest Stewardship Council) certification, which it has had for more than nine years, ensuring compliance of principles and criteria for the responsible forestry management of operations.
- It maintained a constant dialogue with stakeholders, including communities in the area of influence of the operating units to identify needs and contribute to their social and economic well-being.
Refocosta outstanding initiative
- The company’s operation is leveraged on constant innovation of processes and lines of product to expand its portfolio and ensure greater profitability.
Achievements
- It invested in the construction of a Plywood board factory as part of the growth and development strategy of the wood business line, with which Refocosta can expand its portfolio in the market and ensure its profitability.
- It initiated the investment process required for the entry into operation as of 2019 of the power generation plants located in Villanueva, Casanare and Puerto Carreño, Vichada.
Refocosta challenges 2019 – 2020
- To identify new high-impact businesses that generate value for the shareholder and benefits for the environment.
Corporate Governance and Ethics
+ Refocosta corporate achievements
- The Ethics Code was updated and socialized in the organization.
Refocosta’s outstanding initiative
- To continue complying with the standards established in terms of corporate governance and business ethics.
Achievements
- The first corporate governance report of the company was prepared and presented at the general shareholders’ assembly meeting in March 2018.
Refocosta challenges 2019 – 2020
- To diffuse corporate governance and business ethics guidelines within the companies in which the organization is investing.
Talent Wellness and Development
+ Refocosta achievements
- The Performance Management and Development Center programs were executed through the Success Factors platform, augmenting the target population each year.
- The success profiles were designed for the critical positions identified, defining their possible successors, within the framework of the Valorem Group succession project.
Refocosta’s outstanding initiative
- To promote the recruitment and training for the first job of young people in zones with little job offer.
Achievements
- An apprenticeship assignment agreement was established with the National Learning Center SENA
- 15 young people from SENA were hired from different training programs in the environmental and forestry operations
Refocosta challenges 2019 – 2020
- To define the strategies and plans necessary to initiate the certification process for labor competences by the National Learning Center SENA for unskilled labor.
- To define and elaborate the succession plans for critical positions, as well as the development plans for potential successors identified.
- To diffuse the guidelines for personnel administration and talent management within the companies in which the organization is investing.
Responsible investment
+ Refocosta achievements
- This investment strengthens the company’s vision of establishing itself in Colombia as a leader in educating society on consumption of wood and furniture originating only from reforested forests, generating natural value, preserving rich adjacent ecosystems and growing with the communities.
Refocosta’s outstanding initiative
- Implementation of the Growth Protocol methodology for the evaluation of investment projects.
Achievements
- Two projects reached the investment phase: REFOPANEL and ECO-ENERGIA.
- Refocosta bought the company ECO-ENERGIA S.A.S, in charge of supplying electricity to the municipality of Puerto Carreño under the “take or pay” modality for a period of 20 years. It is projected that in a period of 2 years, energy from forest biomass for 4,5 MW can be delivered, constituting an important renewable energy project.
- In its wood business line, it decided to invest in the construction of a Plywood board factory (REFOPANEL) in the municipality of Zambrano, Bolívar, an area affected by the armed conflict. This factory will bring significant economic development to the region, providing more than 70 jobs.
Refocosta challenges 2019 – 2020
- To meet the contractual dates for energy delivery in the municipality of Puerto Carreño.
- To maintain the application of the Growth Protocols methodology in the organization.
Care and good use of resources
+ Refocosta achievements
- Scopes 1 and 2 of the carbon footprint were measured, including the Services Division, which made it possible to have more accurate data on the organization’s Greenhouse Gas (GHG) emissions.
- The first environmental evaluation of critical suppliers from the environmental perspective was carried out, specifically those of agricultural inputs, chemicals, tires and fuel.
Refocosta’s outstanding initiative
- To obtain certification from Icontec for the Forest Compensation Program that includes the REFOCOSTA plantations in Villanueva and those of Xylom.
Achievements
- Certification of carbon credits with 180 tons of CO2-e represented in 1,856 hectares of the Villanueva and Xylom plantations.
- This certification allowed the Company to obtain income during 2018 amounting to $1,775 MM. The bonds are commercialized with companies seeking Forest Compensation projects to compensate for their GHG emissions.
Refocosta challenges 2019 – 2020
Regarding carbon credits:
- To continue with the certification in the Villanueva and Xylom plantations.
- To obtain certification in plantations in La Gloria.
- To maintain Refocosta in the carbon market.
Regarding the Waste Management Plan:
- To implement crosswise in all the organization’s operations the Waste Management Plan and in this way, accomplish an adequate management and disposition thereof.