CONTRIBUTING TO SOCIETY
Value Chain Boundaries
Our management approach
Added value to the company
Our community engagement not only enables Argos to obtain a license to operate; it also provides a legitimacy framework while contributing to reducing, mitigating, preventing, and compensating community-related risks.
Added value to society
As corporate citizens and members of local communities, we are committed to being a good neighbor by taking responsibility for our impacts and contributing to local development through the design or participation in projects that seek to improve the living conditions of the places where we operate. At Argos we work in order to build dreams that generate development and transform lives. The value to society derived from our community investment projects on infrastructure, low-income housing and education for 2016 was estimated at USD 24.3 million in our Value Added Statement – VAS.
103-2 Initiatives, commitments, and policies
Cement Sustainability Initiative
UN Global Compact and business for Peace
Human Rights Policy
AA 1000 Standard
Sustainability and Corporate Governance Committee
- We continued improving engagement with our stakeholders through a manual that seeks to reduce subjectivity in the identification, scoring, and management of stakeholders under three variables: dependence, influence, and perception.
- We designed and launched the corporate volunteer program, focusing on local specificities involving all the employees in order to improve their personal and professional competences while addressing social challenges.
- For the Colombia Region, we established relations with the renewed government bodies that should allow us to strengthen alliances and establish public-private partnerships to create more shared value.
- For the USA Region we prioritized operations in terms of neighboring community presence in order to generate more efficient engagement plans and concentrate efforts on the most relevant operations.
- For the Caribbean and Central America Region, we started the implementation of the community complaints system, which became another mechanism to be closer to our communities and respond more effectively to their expectations or inquiries.
- To maintain the legitimacy of the company among our communities while preventing potential risks through a proactive, not reactive, approach based on periodic, open dialogue.
- To continue adapting programs in communities to generate capabilities that will allow them to be less dependent on our operations in the event we relocate facilities.
We designed a methodology to measure the Socio-economic footprint that will allow us to assess the effects of our operations on neighboring communities.
A-COM1 Social Investment
USD 1.1 million
USD 1.7 million
USD 1.2 million
USD 0.9 million
USD 3.2 million
USD 3.1 million
USD 0.3 million
USD 7.6 million
USD 1.1 million
USD 20.5 million
- We will structure the initiatives in order to have better mechanisms to measure the performance and effect of the programs on society ensuring transparency and better implementation.
- We will structure a baseline for our volunteers program that will allow us to grow and generate greater effects on communities.
- We will establish a formal committee to address continuous dialogue on an open basis for all operations with neighboring communities.