Beyond the particular financial results, we report that in the development of our actions regarding sustainability, corporate governance, ethics, conduct and transparency, Grupo Argos obtained a series of recognitions in 2016 that embody the vision of permanent pursuit of value in the long term for you, our shareholders.
Taking integrity as the core of our business philosophy, we are based on solid principles that inspire us to continue strengthening ourselves to always act as a good corporate citizen.
In 2016, Grupo Argos and its subsidiary Cementos Argos were included for the fourth consecutive time in the Dow Jones Global Sustainability Index which globally recognizes best practices in economic, environmental and social sustainability.
For its performance, Grupo Argos received the Silver Award in the Sustainability Yearbook of the RobecoSAM company.
In turn, Cementos Argos received a Gold medal in the same Sustainability Yearbook reaching the highest rating in its industry in the world. Celsia was included for the second consecutive year in this Yearbook as a member.
Likewise, Grupo Argos was included in the Emerging Indexes category of the FTSE4Good Index series, which was launched in December 2016 to measure performance in environmental, social and governance practices. The FTSE4Good is a recognized global index that integrates sustainability issues into investment decisions.
The Colombian Stock Exchange (Banco de Valores de Colombia, BVC) renewed the IR Recognition to Grupo Argos, thanks to the voluntary adoption of best practices in disclosure of information and relationships with investors. In 2016, the BVC asked the College of Advanced Management Studies (Colegio de Estudios Superiores de Administration, CESA) to independently assess Colombian issuers. Grupo Argos obtained an 81% score, which is higher than the average rating of the issuers at 67%.
Additionally, Grupo Argos voluntarily participated in the Companies Active in Anticorruption Compliance initiative (EACA), led by the Secretary of Transparency of the Presidency of the Republic of Colombia. After the assessment, Grupo Argos received the highest rating among participating companies.