The dynamics of our 6 Sustainable Management Priorities pursues economic, social and environmental balance, while maximizing value for all our stakeholders.
2020 was one of the most complex years we have experienced in recent years. COVID-19 had a wideranging effect on social and economic dynamics around the world, generating great uncertainty, but even more desire to overcome adversity. This gave us the opportunity to demonstrate our resilience once more, and for companies, to strengthen sustainability strategies as progress drivers - to stride ahead hand-in-hand with stakeholders.
Colombina faced one of the biggest challenges a company could dare during the pandemic, and It was to continue to maintain 100% of the food supply chain, as well as keep being for our employees and their families: we kept our business running by guaranteeing compliance with all biosafety protocols to safeguard the health of our employees. It was not easy, but thanks to everyone's commitment, we kept our direct staff on and continued paying their salaries and bonuses on time, and In full.
Colombina faced one of the biggest challenges a company could dare during the pandemic, and It was to continue to maintain 100% of the food supply chain, as well as keep being for our employees and their families: we kept our business running by guaranteeing compliance with all biosafety protocols to safeguard the health of our employees. It was not easy, but thanks to everyone's commitment, we kept our direct staff on and continued paying their salaries and bonuses on time, and In fulL Colombina also pitched in for several wider community initiatives to help shore up the population that was most affected by COVID-19 lockdown measures in Colombia:over 16,000 boxes of groceries and energy kits containing Colombina products were delivered; 5621 million pesos were donated for the purchase of medical items: 55,500 biosafety items were distributed amongst the communities around Colombina's plants, nearby hospitals and to local small merchants. In addition, The Colombina Foundation transitioned to online program and plan execution to continue with beneficial aid to surrounding communities.
Undoubtedly, none of these efforts would be possible if we had not already possessed a clear strategic sustainable vision, which demonstrate our commitment to generating value for all our stakeholders. This efforts have been recognized by Standard & Poors with the promotion to Bronze Class In Its Sustainability Yearbook. We received this recognition with pride and satisfaction, because it ranks Colombina as one of the best companies in the food-Industry in terms of sustainable practices worldwide
Colombina's financlal results are a manifestation of the solidity of the organization: despite the recent complex panorama and convoluted economic environment, our company pulled in a consolidated net income of 516 million dollars with an EBITDA margin of 11.1%.
Looking ahead, we find out that COVID-19 has engrained deep lessons In all of us, reaffirming the importance of teamwork, of being supportive and responsible with one's fellow human beings, and above all, the communication rooted in empathy. I am convinced we will emerge from COVID-19 stronger than ever — more than able to meet the future with optimism and dedication. I would like to finish by thanking all of our employees: they fulfilled a historic task, and were unwavering In their willingness to keep the business going and strive as a team to ensure that families around the world had food at home.
Since 2013, we have been conducting our materiality analysis based on three factors:
Promote venues and communication channels geared toward aligning our employees with its organizational objectives, generate development and welfare strategies, and get their take on our organizational climate to nurture an enduring on-the-job climate of: equal opportunity, trust-based relationships and personal and professional growth.
Post solid reliable data on Colombina's performance as the main input for decision-making for profitable growth and Good Corporate Governance practices.
Synch with the dynamics of our surrounding community to foster empowerment and self-management.
Strengthen our supply chain and bolster our Relationships of Trust.
Generate the win-win benefit that comes from timely response to costumers coupled with strategy building geared toward satisfactorily serving the end-consumer.
Generate close ties and delve into consumer tastes, needs and habits to offer top-notch experiences from our products.
COLOMBINA HAS GARNERED A FODD-INDUSTRY BRONZE CLASS DISTINCTION IN STANDARD & POORS' 2021 SUSTAINABILITY YEARBOOK.
According to Standard & Poors. Colombina rose to Bronze in its 2021 Sustainability Yearbook for being one of the top companies in food-industry sustainability performance.
"We congratulate Colombina S.A. on its BRONZE Award in The Sustainability Yearbook 2021." Which showcases the best performing companies among industry peers and in terms of financially material ESG metrics. With over 7.000 companies assessed, an inclusion in the yearbook is a true statement of corporate sustainabihty excellence" said Manjit Jus. Global Head of ESG Research. S&P Global.
We have been recognized by the Carbon Disclosure Project — Climate Change CDP Climate Change CDP for being among the best food companies in Latin America with a climate change management ranking of 4th place.
The Carbon Disclosure Project (CDP) released its list of companies which demonstrate and strive for a global public commitment to reduce climate change.
Over 9.600 companies around the world participated in CDP´s voluntary initiative: it is one of the main platforms for companies environmental reports
Colombina took 4th Place in the food-and-beverage sector by Merco Talent° for its capacity to attract and retain talent.
Colombina also took 5th Place with Merco Empresas for having one of Colombia's food sector's best reputations.
Steps to a Better World
Colombina's wager on renewable energy:
In alliance with the Occidente CEO energy company, we built a solar energy self-generation plant adjacent to our baked-goods plant in Santander de Quilichao. Cauca.
The solar-energy plant is a 22.000 square meter building with 4.890 panels that produce more than 2.716.000 kWh/year of energy, which corresponds to 20% of the food plant's annual energy consumption. as a result, it contributes to the reduction of more than 1.000 tons of CO2 per year.
Colombina acquired the first long-term sustainable loan in the nation:
BBVA bank granted Colombina a sustainable 45.000 millions (COP), a five year loan. This sustainable operation is first in Colombia. It is also one of the very first formalized under the Sustainability-Linked Loan Principles' for a food-and-beverage company in Latin America.
The interest rate for this type of financing is linked to the evolution of an environmental indicator, such as a reduction in our carbon footprint.
This is just one example of Colombina's Commitment to undertake ambitious in its efforts to combat climate change.