Ecosystems

Natural capital, understood as the stock of renewable and non-renewable natural resources that confer characteristics to different ecosystems, is essential for developing and maintaining prosperous and healthy economies, as well as for the health and well-being of people.  At Argos we know the powerful role that companies can play in ecosystems.  For this reason, we are aware of the importance not only of having outstanding performance in the management of natural resources, but also of striving to achieve a net benefit, so that these valuable ecosystem services last over time, not only for our direct operations, but also for our value chain, the people and ecosystems that depend on them, as well as future generations through the proper understanding and management of significant risks and impacts in the geographies where we operate.

  • For society:  To have high environmental performance in the management of water and biodiversity through activities that incorporate elements such as prevention, mitigation, correction and compensation of our negative impacts and that allow enhancing positive impacts in order to guarantee the availability of valuable environmental services, for current and future generations.

 

  • For the company:  To achieve a positive net impact on biodiversity and carry out appropriate water management in an integrated manner through the application of the Argos Environmental Strategy, the Impact Mitigation Hierarchy, the management of risks and opportunities and the commitment of no net deforestation and not operating in protected areas or those declared as having high value for biodiversity, in order to create sustainable value, promote economic growth, increase the Company’s resilience and ensure the flow of the ecosystem goods and services necessary for our operation.

Five of our cement plants and eight terminals in the US region are Wild Life Habitat Council (WHC) certified.

 

Our US region demonstrated its commitment to biodiversity conservation by obtaining and maintaining 13 conservation certifications from the Wildlife Habitat Council (WHC) for its initiatives to conserve habitats for valuable species such as bats, chickadees, birds and butterflies and to promote pollination, among other ecological services.

 

We obtained credit linked to environmental, social and corporate governance practices. 

 

Together with Bancolombia, we signed a three-year, 135 billion pesos financing agreement in which the interest rate is linked to the performance of three indicators, including specific water consumption in the cement business.

The Water and Biodiversity pillar of our Environmental Strategy, aligned with the GCCA Biodiversity Policy, is our guide and roadmap for the adequate management of natural capital. Our goal is to have a net positive impact on biodiversity and integrated water management. For this, we focus on four lines of action:

 

  1. The efficient use of water, starting from the correct quantification of water flows. 
  2. Assessment of water risks and risks associated with biodiversity in our operations and value chain to prioritize efforts, promote  collective action and allow innovative solutions with a positive impact on these resources.
  3. The formulation and implementation of rehabilitation plans for intervened areas for all our quarries to achieve a positive net impact.
  4. Biodiversity Management Plans (BMPs) for quarries adjacent to or located in High Biodiversity Value (HBV) areas.