Responsible investment

Valorem achievements

• The methodology to mature growth initiatives continued to be applied, which facilitates the structuring of new business units within the Group’s companies. The evaluation process for these projects ensures compliance with legal standards and allows a comprehensive analysis of corporate governance, environmental and social factors.

Applying this methodology, it was achieved:

• To develop two new business lines for Ditransa: Transporte Premium and the cargo handling platform in the city of Cartagena.
• The purchase by Refocosta of the company Eco-Energía S.A.S., in charge of supplying electric power to the municipality of Puerto Carreño. It is stipulated that in a period of two years this company may provide renewable energy from forest biomass.

Caracol Televisión achievements

• The process for identification and prioritization of the Sustainable Development Goals was initiated in order to advance initiatives focused on the creation of economic, social and environmental value.

El Espectador achievements

• Promotion of new business lines that have been profitable for the company generating a positive impact at the environmental and / or social level, such as Bibo, Profesión líder and Colombia 2020.

Cine Colombia achievements

Programs for access to cinema for low-income populations among which the following stand out:

• “Social Cineco” Program / Special functions. In 2018 the company managed to enable 286,117 girls and boys to benefit from its various corporate social responsibility programs. With this initiative, more than 1,300 free performances were programmed nationwide.
• “Condor’s eye view” Festival. This festival was developed in the twelve main municipalities of the Cundinamarca Department, aiming to contribute at the construction of social fabric through the recognition of culture and wealth. Within the framework of this festival, the experience of cinema was promoted as a fundamental part of culture.
• “Cinema for Everyone” Program. Cine Colombia makes investments in the infrastructure of its Multiplexes that allow access to cinema to the population with disabilities. Since July 2018 “Cinema for everyone” has managed to program 72 functions in 12 cities, allowing 20,533 girls and boys with visual and hearing disabilities to enjoy the cinema accompanied by their families.
• 98% of the 321 movie theaters have the necessary conditions to serve the population with physical limitations.

Tiendas D1 achievements

• Improvement opportunities were identified through the system of attention to questions, claims and complaints: www.tiendasd1.com.
• The suppliers and customers’ guarantee policies were diffused in 100% of the stores.
• The commitment of all suppliers to Koba’s sustainability practices was signed through the application form for the declaration of origin of funds, which includes supplier commitments regarding the dignity of work and non-discrimination based on religion, race or gender, facing safety practices and protection at work, remuneration according to the law, gender equality and the elimination of child labor. Likewise, the promotion and development of environmental practices within their productive processes in compliance with environmental norms according to current laws.
• Purchase of products to local suppliers and promotion of entrepreneurs with whom long-term alliances are established, which allow to offer excellent quality products while Colombian industry is being developed and supported.

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.

Ditransa achievements

• The Mega i Project was started, whose purpose is to create an ideation and innovation culture to escalate businesses.

San Francisco Investments achievements

• The technical, technological, administrative and commercial capabilities of the community were strengthened for the development of initiatives and the productive chaining in tourist and hotel activities, in order to promote social inclusion. 
  • A labor profiling workshop was carried out, where 171 homes and 927 people were registered to characterize the labor force and existing production chains.
  • An alliance was explored with the Mario Santo Domingo Foundation to benefit from its experience in the implementation of entrepreneurship programs.
• The conservation and recognition of the historical value of the Gethsemane intangible heritage (art scenes, touring exhibitions, testimony collection, and strengthening of the neighborhood artistic and cultural expressions) was promoted through:
  • Support to the Gethsemane Memory Center Corporation in the development of different activities for the residents of the neighborhood during the Cartagena festivities.
  • Support to the Gethsemane Neighbors Association in the Heritage Watch project.
  • Re-edition of the book “Ghetsemane. History, heritage and social welfare in Cartagena” by Rosa Díaz and Raúl Paniagua.
  • Re-edition of the book “Ghetsemane: intangible live heritage of the city of Cartagena de Indias” by Florencio Ferrer and Martín Morillo.
  • Edition of the book: “History of the Cartagena Club and the St. Francis Cloister: precedents, origin and evolution”.
  • Support for the project “Art, culture and territory for the integral development of child and youth leadership of the La Milagrosa Educational Institution in the Gethsemane neighborhood.
  • Support to the organization Cultural Gimani for the implementation of activities of the audiovisual area (photos and videos) of the Gethsemane neighborhood Council.
  • Support for the project Angels We are.