Cementos Argos SA 2024 IR
The report highlights Cementos Argos' strategic and financial performance in 2024, marked by the successful merger of its U.S. operations with Summit Materials and the subsequent agreement to sell its stake to Quikrete for approximately USD 2.875 billion. The company achieved a consolidated EBITDA of COP 1.2 trillion, meeting its target EBITDA margin of over 22%. In sustainability, Cementos Argos advanced its decarbonization roadmap, maintaining specific net Scope 1 emissions at 605 kg CO2 per ton of cementitious material and increasing its alternative fuel substitution rate to 4.1%. Additionally, the company expanded its social impact through initiatives like 'Hogares Saludables' and 'Juntos por Urabá,' while maintaining a world-class lost-time incident frequency rate of 0.71.
Company: Cementos Argos SA
Sector: Materials
Country: Colombia
Year: 2024
Type: IR
Pages: 374
Cementos Argos SA
Integrated Report
The report highlights Cementos Argos' strategic and financial performance in 2024, marked by the successful merger of its U.S. operations with Summit Materials and the subsequent agreement to sell its stake to Quikrete for approximately USD 2.875 billion. The company achieved a consolidated EBITDA of COP 1.2 trillion, meeting its target EBITDA margin of over 22%. In sustainability, Cementos Argos advanced its decarbonization roadmap, maintaining specific net Scope 1 emissions at 605 kg CO2 per ton of cementitious material and increasing its alternative fuel substitution rate to 4.1%. Additionally, the company expanded its social impact through initiatives like 'Hogares Saludables' and 'Juntos por Urabá,' while maintaining a world-class lost-time incident frequency rate of 0.71.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Women in Management
Workplace Fatalities
Net Zero Target
Employees