Corporate Sustainability Model

During 2020, Valorem companies carried out an exercise to align their Corporate Sustainability Model with the 2030 agenda of the United Nations (UN). This was done in order to update the commitments that had been established in relation to the SDGs, taking into account the new reality of the companies due to the Covid-19 pandemic. In addition, monitoring indicators were established, according to the prioritized goals.

In 2021 Valorem and its companies made progress in the initiatives derived from the four Sustainable Development Goals prioritized within the Corporate Sustainability Model.

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.