Sustainability is one of our paramount pillars, by which we state the commitment to maintain high social and environmental standards, in addition to consolidating Sucroal as a sustainable organization which purpose is reflected in the triple impact of its operations: environmental, social, and economic. Creating shared value in the area of influence where we operate, and actively engaging us with our stakeholders (clients, providers, shareholders, communities, authorities, employees, among others).

Our sustainability model reflects the commitment with the 2030 Global Agenda for Sustainable Development.

Sustainability model

Our people and communitiesOur performanceActions toward climate and environmental practices
We play a part in the growth of our people and communities by the enforcement of health and safety practices in our operations plant, quality employment opportunities, training and education to develop talents and skills, and the outreach to build partnerships.To continue in a profitable growth, thus ensuring a good economic performance, making a presence in the market, and managing risks concerning anti-corruption actions.We implement practices that allow us to be in harmony with the environment, hence, climate change management is an important performance risk, as we understand the need to achieve swift changes to reduce earth's temperature.

Likewise, the constant enforcement of actions intended to cut-down on water, energy, materials, and effluents consumption, as well as waste.
Sucroal - Sustainability model

Alignment with the Sustainable Development Goals

We understand sustainability is the main input of Sucroal to align with Sustainable Development Goal – SDGs. Through its operations Sucroal aims to improve the quality of life of its stakeholders.

As a reflect of this commitment with our clients and stakeholders, Sucroal S.A. plays a part in the compliance of the 10 goals stated in the 2030 Agenda.

Assessment of Sustainability Impact

Aiming to face the constant challenges of sustainability, it has become a priority to measure the real value and impact generated by the daily operation of organizations in society1. To address this challenge, by the hand of external consultants, Sucroal has developed a method to carry out a first monetary assessment of economic, environmental, and social impact of its activity.

In this measurement framework, the company’s performance is assessed through the business impact to society, both financial and non-financial, quantifying it in monetary units, Colombian peso for this particular. In other words, a monetized Profit/ Loss (P&L) approach is used, in order to identify the impact of the company’ social and environmental externalities.

The impact assessment carried out, regarded 10 different economic, social, and environmental categories, such as salaries and fringe benefits, labor benefits, paid taxes, paid interests, social investment, Financial Students Aid, donations, Occupational Health and Safety (OHS), greenhouse gas emissions (Carbon Footprint) and water consumption. This enabled the assessment of Sucroal’s total impact in a common language that allowed to understand the value generated for society. In that way, with the measurement of benefits and costs to society, the company was able to identify the way to create value and wellbeing to society in general.

According to the measurement, a distribution of economic, environmental, and social impacts was identified in 2021, which delivered a positive result, in other words, in the company’s operation, the benefit of its activity substantially surpasses the costs for society. The impacts were positive, as of salaries and fringe benefits, labor benefits, paid taxes, social investment, financial students aid, and donations. Negative impacts regarded OHS incidents, as well as environment impact(carbon footprint and water consumption). In monetary terms, the value derived to society, as a result of Bank activities, was $100,927 million pesos.

Sustainability - statistics