We remains convinced that in order to be sustainable and adequately respond to the expectations of our stakeholders, we must possess, on- going growth, a broad perspective on organizational risks and a corporate governance that acts within the framework of ethics and transparency.
The following are our key to this:
- Financial sustainability
- Corporate governance
- Risk management
SDGs impacted by this priority are:
Our economic efficiency stems from defining strategies that steer us toward meeting our long-term objectives and allow us to bolster and consolidate our business.
We set policy and procedure so as to pinpoint, measure, prevent and monitor risks. We carry this out in accordance with our corporate objectives to ensure compliance with its strategies as we filter this process through our Corporate Risk Map.
|1. Instability in the regulatory framework for labeling and nutritional profiles||Legal and Corporate Affairs VP|
|2. Financial risk due to volatility in commodity prices and exchange rates||Chief Financial Officer|
|3. Non-compliance with the regulatory framework and/or stock market regulations||Corporate Marketing VP/ Legal and Corporate Affairs VP|
|4. Failure in food safety control||Supply Chain VP|
|5.Supply chain disruption||Supply Chain VP|
|6. Highly competitive environment||Corporate Marketing VP/Supply Chain VP|
|7. Effects of Climate Change||Supply Chain VP|
|8. Changes in consumer trends||Corporate Marketing VP|
|9. Impact on sales growth caused by changes in channel dynamics and structure of distribution channels||Sales VP|
|10.Difficulty in acquiring key talent||Human Resources VP|
Aware of our responsibility as a company toward society and the country, we are committed to applying and adopting practices based on business ethics and social responsibility in compliance with our Code of Good Corporate Governance.
Some of Colombina’s advances in Corporate governance:
• Approval and implementation of the Risk Committee Internal Regulations.
• Restructured Colombina Tax Auditor through the election of an independent Tax Auditor from Deloitte.
• Election of Colombina’s Business Group Risk Manager.
• Approval and implementation of various corporate policies that strengthen Colombina’s overall Corporate Governance.
• Improvement in the level of compliance with the Country Code Best Corporate Practices Survey.