EEB SUSTAINABLE MANAGEMENT RESULTS 2013
31 March 2014
EEB SUSTAINABLE MANAGEMENT RESULTS 2013
- The share price presented an increase of 21% positioning the EEB´s stock within the five companies with highest growth in the Colombian Securities Exchange last year.
- EEB consolidated two new companies in the utilities sector: EEBIS Peru and EEBIS Guatemala engaged to engineering and energy related services.
- EEB was ratified in DJSI emerging markets and it was the first Colombian company to receive the corresponding certification in efficiency and responsible use and consumption of energy ISO 50001:2011.
Bogotá D.C., March 31st, 2014. Empresa de Energía de Bogotá (EEB), holding of Grupo Energía de Bogotá disclosed in its Sustainability report 2013 the main results from the management based on the six commitments the company assumed with its stakeholders through its Global Responsibility model.
These commitments are: to create value to its shareholders, to have a sustainable value chain, to be an excellent work place, to provide services with world class standards, to improve the quality of life for the communities where we operate and to sustain and respect the environment.
As a result, due to an excellent work from all the areas in the company, in 2013 the company obtained net profit amounting more than COP $843 billion, highlighting an increase of 22% with respect to the figures registered in 2012.
Moreover, the company consolidated two new firms in utilities activities: EEBIS Perú and EEBIS Guatemala. These affiliates represent an additional business derived from the services related to the energy infrastructure.
“In 2013, we also carried out our strategic planning with a vision between 2014-2018, structuring an investment plan for more than USD $7.5 billion between 2013-2017, a plan that will enhance economic and social development due to the dynamics generated from the operations that will be executed”, EEB´s CEO, Sandra Stella Fonseca Arenas stated.
It is important to highlight that due to the positive performance of all the areas in the company and its controlled companies and non-consolidated affiliates, in the last years the firm has kept a virtuous growth rhythm characterized by the reduction in capital costs, easier access to resources and greater marketability of its securities.
Consequently, the share price presented an increase of 21% positioning the EEB´S stock within the five companies with highest growth in the Colombian Securities Exchange last year.
Excellent financial practices also contributed to the fact that Fitch Ratings, Moody´s and Standard & Poor´s ratified EEB corporate credit ratings and the investment grade rating on EEB´s bond issuances.
On the other hand, in 2013 a new organizational structure and staff facility project was undertaken in order to respond to the business needs, which was approved by the Board of Directors in June, extending the staff to 223 positions and restructuring areas of the company, strengthening the transmission vice-presidency as key business area.
Meanwhile, to achieve the environmental goals different instruments were implemented: the GEB Corporate Environment Policy, establishing the guidelines which orientate its management towards a sustainable environmental development and the Efficient Water Use program, which pretends to reduce the consumption through sensitization activities development.
“We are aware that the global economy demands organizations to be ahead of current trends, regardful of the opportunities and challenges in an increasingly competitive world. For that reason, we go for innovation and to seek alternatives that allow growth in the demand for energy”, Fonseca exhibited.
In this manner, EEB is eager to be one of the leading companies with respect to the implementation of intelligent networks and new technologies in the electricity transmission activities.
Another aspect relevant to the company is that within the Global Responsibility framework, it is considered as priority the social development of the regions where the company is carrying out operations.
As a result, in 2013 were executed the Environmental and Social Management Plans (PMAS in Spanish acronym) for the social component, productive projects of community benefit were supported, development communication plans were executed, investments in proficiency training and human development programs were made and efficient energy use was promoted in order to improve life conditions of the communities within the influence areas.
Likewise, social managers participate in the influence areas for the different project phases which are in charge of the characterization, the impact assessment, elaboration, consultation and the project implementation as part of the permanent accompaniment to the communities.
“It is also important to stand out, that we administrate the information from our suppliers and we employ it as input for the analysis and management of reputational, financial, environmental and social risks that come from them. Furthermore, we review the minimum required normative and technical standards accomplishments in order to identify strengthening opportunities, especially with SME´s”, Fonseca indicated.
Last year, EEB was ratified for the emerging markets Dow Jones Index, the company is a signatory of the Global Compact of the United Nations and signed the Business for Peace (B4P) from the Global compact. Also, the company is signatory of the Global Compact LEAD since 2011 being the only Colombian member.
Moreover, the company participated in the Business Transparency Policies and Mechanisms measures as one of the five companies with lower corruption risk (94% out of 100%); it increased ten positions in 2013 in the Merco measure, by switching from 52 to 42, within the top 100 companies with the best reputation in Colombia and it became the first company in Colombia to receive the certification in efficiency and responsible use and consumption of energy ISO 50001:2011.
About Grupo Energía de Bogotá
Grupo Energia de Bogotá is the leading corporation in the Colombian power sector. Through EEB it transports electricity to the most significant markets in terms of demand and size in the country, in addition to controlling the largest natural gas carrier in Colombia, TGI S.A. In Peru, its company CONTUGAS has a 30-year concession for the transportation and distribution of natural gas in the Ica Department, while CALIDDA is in charge of natural gas distribution in Lima and Callao. In that same country, together with ISA, it holds stocks in REP S.A. and TRANSMANTARO S.A., which operate 63% of the electricity transmission system in Peru. In 2010, it established TRECSA - Transportadora de Centroamérica S.A.- that is building the most important infrastructure Project in Guatemala and will render electricity transmission services as of 2013. Furthermore, it holds an investment portfolio in the most important companies in the electric power sector, in which the following stand out, CODENSA S.A., EMGESA S.A., GAS NATURAL S.A., la Empresa de Energía de Cundinamarca - EEC and Electrificadora del Meta, EMSA and to a lesser extent ISA and ISAGEN. As of 2013, the Group renders advisory and engineering services in Guatemala and Peru through its affiliates EEB Ingeniería y Servicios.