About this integrated report

Grupo Nutresa has prepared its Integrated Report 2020 [GRI 102-1] [GRI 102-50] with the purpose of illustrating for its stakeholders how it manages the risks and opportunities related to the topics that have a materially deeper impact on its capacity to create value for the society. The Report comprises the main sustainability achievements accomplished between January 1 and December 31, 2020.

The entire report contains details of the corporate strategy, future outlook and main progress and success stories related to the topics 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 provides information on the progress related to the fulfillment of the ten principles of the Global Compact, thus representing the twelfth 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 comprises 21 relevant topics 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]. This document also incorporates indicators intended to report how the Organization contributes to the fulfillment of the Sustainable Development Goals (SDGs). [GRI 102-12]

For this edition of the report, the data of the indicators [GRI 405-1] that have been improved since 2018 were restated, and the organizational climate goal was modified (from 83,3 to 80,0) due to the change in the methodology resulting from the transition of previously working with the Cincel advisory firm, to work with the Mercer advisory firm over the 2018-2020 period [GRI 102-48]. This report does not include information from the Retail Food Business related to the topic of 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 subsidiaries follow the accounting practices and policies adopted by the Parent Company, and in the case of the subordinate companies located outside Colombia, they 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, Tax & Legal S. A. S. [GRI 102-56], an independent auditing firm that abides by the guidelines of the ISAE 3000 and ISAE 3410 international standards, whose report has concluded that the information is presented in accordance with the Comprehensive option of the GRI standards.

Support to the restoration of natural species in the Sonsón Paramo, located in Antioquia, Colombia.