Grupo Empresarial Argos has COP 3.4 trillion in sustainable financing and aims to replace 20% of its consolidated debt with this type of mechanism29 June 2022
- Sustainable financing represents an alternative to promote the company's strategy while reaffirming the commitment to the management of environmental, social and corporate governance (ESG) issues as a lever of competitive value.
- These types of operations include green bonds, credits with social certification and credits indexed to sustainability indicators, where the interest rate could decrease if indicators such as the increase in the participation of women in leadership positions and the reduction in of greenhouse gas emissions.
- In the next eight years, Grupo Empresarial Argos could achieve reductions of more than COP 25 billion in interest payments on its consolidated debt using sustainable financing mechanisms, among other benefits for its shareholders and other stakeholders.
- The total sustainable debt includes the refinancing of Pacífico 2 for COP 840 billion carried out in the second quarter of this year with local banks, which included a social certification endorsed by Vigeo, the world's leading organization that is responsible for investigating data and ESG benchmarks.
To date, Grupo Argos and its businesses Cementos Argos and Celsia, have COP 3.4 trillion in sustainable debt, which includes both green bonds, loans with social certification and loans tied to sustainability indicators with local and international entities, which modify the debt conditions in such a way that its interest rate decreases if sustainability indicators are met, such as the increase in the participation of women in leadership positions, the reduction of greenhouse gas emissions, among others.
Currently, this type of financing represents 16% of the consolidated debt. In the medium term, the company expects to reach a 20% participation in sustainable financing within the consolidated debt of Grupo Argos.
These types of transactions reaffirm the leadership of the Corporate Group in adopting financing schemes that allow it to continue strengthening its strategy, while promoting its commitment to the management of environmental, social and corporate governance (ESG) issues as a lever of value. competitive.
In the next eight years, Grupo Empresarial Argos could achieve reductions of more than COP 25 billion in interest payments on its consolidated debt using sustainable financing mechanisms, among other benefits for its shareholders and other stakeholders.
Equity and diversity
Grupo Argos recognized by Forbes as one of the World's Top Companies for Women 2023 for its gender equality practices3 November 2023
Forbes and Statista's World’s Best Employers ranking highlighted Grupo Empresarial Argos as one of the best companies to work for globally.19 October 2023
Two Colombian companies made it to the ranking, which assessed companies from 50 countries through over 170,000 surveys. Grupo Empresarial Argos placed 268th thanks to its talent, diversity, and inclusion strategy, which has enabled it to promote inclusive environments that value and respect each of its employees.
Grupo Empresarial Argos' companies consolidate their reputation among the best in Colombia according to Merco18 October 2023
For the third consecutive year, Grupo Argos held the top position as the business conglomerate with the best reputation in the country, highlighting the company's strategic role in the growth and positioning of its businesses as regional infrastructure platforms. In the overall ranking, the company reached the 10th position.
Grupo Argos supported the transaction in which Cementos Argos will combine its operations in the United States with Summit Materials, a company listed on the New York Stock Exchange.7 September 2023
The transaction was promoted by Grupo Argos in its role as an asset manager and majority shareholder of Cementos Argos, marking a significant milestone in the company's history of growth and value creation since its entry into the U.S. market in 2005.