Grupo Nutresa presents its Integrated Report 2014, for the period between January 1 to December 31, 2014 , in which we report the progress made by the Organization in material issues that matter most to its stakeholders and that are relevant for the sustainable growth of the Group.
The Organization has defined six strategic priorities in sustainability, covering the 13 most relevant issues identified in the Materiality Matrix: Corporate governance, Nutrition and healthy living, Environmental sustainability, Responsible employer and citizen, Effective innovation and Sustainable sourcing.
This report was prepared in accordance with the comprehensive option of the Global Reporting Initiative – GRI G4 – guidelines for preparing sustainability reports, and the supplement for the food sector.
The scope and coverage of the GRI indicators address the 13 material issues of Grupo Nutresa and reflect the performance of the Organization in the social, economic and environmental dimensions. Excluded from the environmental measurement are the Meals de colombia plant in Armenia, and those of Setas Colombianas and Litoempaques in Medellín, as their production processes differ from those of the basic businesses; also excluded are the Ice Cream Business in the Dominican Republic and Costa Rica, and the Cold Cut Business in Panama.
For our operations in Venezuela, only the financial data, number of employees, accidents and training have been included.
In order to achieve comparability, data from 2013 and 2012 from the PR5 indicator were re–expressed, due to a change in the measurement scale.
Likewise, this report follows the Integrated Report framework of the International Integrated Reporting Council (IIRC), from which we present a greater emphasis in creating value and greater connectivity of information, the business model, the principal risks and impacts and future prospects. (See Attachment: Self–Evaluation for incorporating the principles and elements of the integrated report).
The non–financial information was verified by KPMG Advisory Services Ltda., an independent auditing firm that follows the guidelines of the international standard ISAE 3000, and whose report has indicated that there is no evidence thet the information is not presented adequately in accordance with the GRI framework. Similarly, KPMG has conducted an analysis of the consistence between the information described in the Chapter “Self–Diagnosis for Incorporating the Principles and Elements of the Integrated Report,” the framework of Investor Relations (IR) and the information included in the report.
Also, for the sixth time, the report communicates the progress of Grupo Nutresa in complying with the ten principles of the United Nations Global Compact and reaffirms our commitment to it. With this report, we reiterate the conviction and will of the Organization to continue adhering to the Global Compact, since we share and live all the universally accepted principles on human rights, work, the environment and the fight against corruption, as part of the corporate philosophy and action.
The Organization invites all stakeholders to be part of the Global Compact principles to collectively and voluntarily build a sustainable world.
The financial information of Grupo Nutresa and its subsidiary companies observes generally accepted accounting principles, which are prescribed by law and by the respective surveillance and control agencies in Colombia. Notwithstanding, the group of companies applies accounting practices and policies adopted by the Parent Company, which – in the case of the subsidiary companies abroad – do not differ substantially from the accounting practices used in the countries of origin, and/or has made its approval for those that generate a significant impact in the consolidated financial statements. This information was audited by PriceWaterhouseCoopers (PWC).
The Integrated Report 2014 has been built in four versions to present information that is relevant and accessible to different stakeholders: a Webpage version found at 2014report.gruponutresa.com, a downloadable PDF file on the same Website, a print version of the summary of the annual integrated report, and a pocket edition. For a better understanding by the reader, iconography has been defined, which clearly identifies the following topics:
- The GRI indicators that respond to each material issue are found throughout the report and have been identified with:
To see the GRI content index, please visit: 2014report.gruponutresa.com/pdf/GRI_content_index.pdf.