About the Report

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About the Report

(102-49) Grupo Argos S.A. provides its stakeholders with its annual profit results under the framework of Integrated Reporting. These results include financial, social,environmental and government information, highlighting the performance of the material issues identified for the holding company, in the execution of materiality performed during 2016. The management of these matters is aimed at maintaining the long-term vision and continuing the generation of value to their stakeholders.

Report Recurrence

(102-50) (102-51) (102-52) The Integrated Report is prepared annually, and on this occasion the information covers the period from January 1 to December 31, 2016. The latest version was published in March 2016 and corresponds to the 2015 results.

Reporting framework

(102-54) This report has been prepared in accordance with the GRI Standards: Core option and following the Integrated Reporting framework.
Additionally, this document becomes the Progress Report with which we disclose the progress in implementing the ten principles of the United Nations Global Compact and demonstrates the contribution of the organization to the Sustainable Development Goals.

Scope and coverage of the information

(102-45) At this time, we are disclosing general information about the businesses about the Grupo Empresarial Argos [Argos Corporate Group], maintaining as central focus the management of the holding company as parent company and head office.
(102-45) and (102-49) The information includes Grupo Argos S.A. and its affiliates: Cementos Argos S.A., Celsia S.A. E.S.P., Odinsa S.A., Compas S.A., and Sator S.A.S., specifying in each case the timely scope of the indicators (only holding companies or consolidated with subsidiaries).

Further information about the strategic investments of cement, energy and concessions can be found on the websites www.argos.co, www.celsia.com and www.odinsa.com. The type of data that can be expanded in their respective reports will be indicated throughout this document when applicable.
During 2016 the Urban Development business, Situm S.A.S., was consolidated as a business unit of Grupo Argos, and
therefore its figures are included within the holding company’s management report.
The figures of the Opain S.A. business, whose acquisition was completed in January 2017, are excluded from this report.
The figures of the Management Report are presented under the International Financial Reporting Standards (IFRS).
To maintain comparability with those posted in previous reports, figures are expressed in pesos and dollars at the Prevailing Market Exchange Rate (MER) of COP [Colombian Peso] $3,000.71.
(102-48) (102-55) The GRI Table of Contents and the self-declaration of compliance with the Integrated Reporting framework can be found in the Appendices, where it is detailed how this report follows the principles and content of this guide. Similarly, any changes in the figures, coverage and reporting limit of the report are indicated throughout the report when applicable.

Material Issues

Issues of materiality identified in the 2016 exercise are the result of the identification and prioritization of material issues regarding the environmental, social and economic dimensions for the stakeholders and the organization. These issues are:

  • Investments with ESG Approach – Environmental, Social and Governance
  • Ethics, Conduct and Transparency
  • Corporate Governance
  • Risk Management
  • Human Talent Management
  • Climate Change Strategy
  • Innovation
External report verification

(102-56) (102-32) The financial information in this report was audited by an independent third party, the firm Deloitte & Touche, in its capacity as Auditor for Grupo Argos. Senior Management reviewed and approved the Integrated Report and on its behalf, Deloitte & Touche conducted the limited assurance of a sample of the performance indicators included in this publication. The independent review report is included in the Appendices of this report.

Point of contact

(102-53) This document is posted on the website www.grupoargos.com, but for further information, you may contact Camilo Abello, Vice President of Corporate Affairs (cabello@grupoargos.com), Piedad Monsalve, Manager of Sustainability and Communications (pmonsalve@grupoargos.com) or Margarita Gonzalez, Director of Sustainability (mgonzalez@grupoargos.com).

Deloitte & Touche conducted the limited assurance of some of the performance indicators included in this publication.