At Argos we are aware of the evolution in the criticality of the effects of climate change over time, of the measures promoted both at a global and local level, by the public and private sectors to face this challenge of humanity, and of the crucial role that our Company has in the construction-materials sector in taking innovative, forceful and sustained actions that favor both mitigation and adaptation to climate change. Likewise, we recognize that climate change is an opportunity to promote and boost sustainable construction and, thereby, contribute to the creation of social value in the geographies where we operate.
For this reason, through our Climate Change Strategy, we have committed to acting throughout our value chain, mitigating direct and indirect CO2 emissions, generating the necessary capacities to adapt to their impacts, and researching and developing initiatives to advance in solutions aimed towards the capture, storage and use of carbon; thus seeking to contribute to the competitiveness and resilient growth of both the Company and its Stakeholders.
Together with the most important companies in the cement- and concrete-production sector in the world, we have adhered to the Climate Ambition Plan promoted by the Global Cement and Concrete Association (GCCA) to offer carbon-neutral concrete to society by 2050.
During 2021, we built the Technical and Financial Roadmap to reduce CO2 emissions and reach the goal set for 2030; the result of this Roadmap was the sum of efforts from multiple Company Departments that were aligned with the OKR (Objective Key Result) established from the Presidency and that called for action to “Become leaders in the industry in mitigation and climate-change adaptation in the next three years”.
Likewise, the mandate was established to constantly monitor compliance with the reduction goals, carry out a cyclical review of project validity or optimization, and evaluate the inclusion of new projects within the Board of Directors’ Sustainability and Corporate Governance Committee, the Climate-Change Cell and the committees of the three Regions, all in favor of fulfilling the commitments made with our Stakeholders.
To date, we have approved the premises and technical considerations that mobilize the levers to reduce CO2 emissions(1), the short-term resources within the company's CapEx, as well as the internal reserve of resources for the medium term,(2) (which guarantee the annual allocation of resources to fulfill the Roadmap).
The Climate-Change Strategy guides our actions in mitigation, adaptation to the impacts of climate change and research and development of technologies for carbon capture, use and storage (CCUS), allowing us to minimize risks and enhance opportunities associated with this phenomenon. This strategy permeates the entire value chain and was built with scenarios to mitigate CO2 emissions, with the possibilities of optimizing processes, and with analyses to identify and assess risks (physical and transition) and opportunities for innovation and sustainable growth that the construction-materials sector brings us.
The action framework of the Climate-Change Strategy considers: