VAS, Value Added to Society, is an exercise that Celsia and all the Grupo Argos Companies carry out annually. It consists of a model that economically monetizes the impacts through different externalities that allow us to understand how we add or subtract value to society.
Impact assessment serves as a guide to adequately and manage in advance different risks and opportunities, make better decisions, continue adding efforts to potentiate positive impacts, create Action Plans to mitigate negative impacts and be more agile and adaptable in a changing world to generate long-term shared value. We are committed to creating social value in the countries where we operate, and we seek to make our decisions and actions are conscious.
Every year, the assumptions and multipliers of the model are updated through a local and international bibliographic review to identify the best practices in terms of the economic valuation of impacts. Based on this, we have identified 10 social, environmental and economic externalities that positively and negatively impact society with our operation.
VAS Results 2022
In 2022, our net value delivered to society was USD 223 Million, equivalent to 1.37 times the retained profit, which was USD 171 Million.
The results of the Value Added to Society that we generated during 2022 are presented in a bridge graph:
It is important to highlight that when a positive impact increases, it means that there is a greater benefit for society. When a negative impact decreases, it means that the affectation/damage to society is being less.
Comparative Economic Value 2021 – 2022 USD
Economic Value 2022 USD
During 2022, we were awarded seven education projects, three road-infrastructure projects and one climate-change adaptation project.
Comparative Environmental Value 2021 – 2022 USD
Environmental Value 2022 USD
During 2022, we had no atmospheric emissions associated with mercury.
* Agua retornada a la fuente de extracción en una calidad similar o superior de la que fue extraída y con un nivel mayor de oxigenación
Celsia does not collect or consume water in places with water scarcity or extreme water scarcity