Grupo Nutresa has prepared its Integrated Report 2018 GRI 102-1 GRI 102-50 with the purpose of illustrating for its stakeholders how it manages the risks and opportunities related to the matters that have a materially deeper impact on its ability to create value for the society.
The entire report contains details of the strategy, future outlook and main progress and success stories related to the matters associated with the six strategic priorities regarding sustainability: Acting with integrity, Fostering profitable growth and effective innovation, Promoting a healthy lifestyle, Managing the value chain responsibly, Building a better society, and Reducing the environmental impact of the operations and products. Additionally, it contains information on the progress related to the fulfillment of the ten principles of the Global Compact, thus representing the tenth progress report submitted to the United Nations. GRI 102-12
This report was prepared in accordance with the GRI standard (Comprehensive option), and with the food sector supplement of the G4 guide GRI 102-54. In addition, it incorporates the principles and elements of the International Integrated Reporting Council’s framework (IIRC), and it covers 21 relevant matters from the social, environmental and economic dimensions from all the countries where Grupo Nutresa has significant operations, except for Venezuela, for which only the financial data and the number of employees were included (GRI 103-1). The report also includes indicators that reflect how the Organization contributes to the fulfillment of the Sustainable Development Goals (SDGs). GRI 102-12
For this report, the data of the indicators GRI 302-1 were restated by changing the caloric power of the biomass use in the Tresmontes Lucchetti Business and GRI 305-7 by correcting the particulate matter emission factors, Sulfur dioxide and nitrogen oxides GRI 102-48 GRI 102-49. In 2018, the way to measure disability was modified, this year report only includes those individuals who were hired with this condition, without considering those who obtained the condition within the Company. This Report does not include information of the Retail Food Business regarding reliable food, responsible sourcing, nutrition and healthy lifestyle.
The financial information of Grupo Nutresa and its subordinated companies is prepared in accordance with the International Financial Reporting Standards (IFRS) approved in Colombia and with all other legal provisions issued by the surveillance and control agencies. The companies follow the accounting practices and policies that the Parent Company has adopted, which for the subordinate companies located outside Colombia do not substantially differ from the accounting practices used in the countries of origin or their practices and policies have been standardized in the case of those that have a significant impact on the consolidated financial statements. All this information has been audited by PricewaterhouseCoopers GRI 102-56
The non-financial information is verified by KPMG Advisory y Tax & Legal GRI 102-56, an independent auditing firm that abides by the guidelines of the ISAE 3000 international standard, whose report has concluded that the information is presented in accordance with the Comprehensive option of the GRI standards. Likewise, KPMG has conducted an analysis of the consistency between the information described in the chapter about the “Self-diagnosis” of the Incorporation of the Integrated Reporting Principles and Elements, which is available on the report’s website.