Grupo Argos

InfluenceMap Score
C-
Performance Band
58%
Organisation Score
n/a
Relationship Score
Sector:
Construction Materials
Head​quarters:
Medellín, Colombia
Brands and Associated Companies:
Cementos Argos, Celsia, Odinsa
Official Web Site:
Wikipedia:

Climate‌ ‌Lobbying‌ ‌Overview:‌ ‌‌Grupo Argos appears to actively support climate change policy in Central and South America with some exceptions. The company and its subsidiaries, Cementos Argos, Celsia, and Odinsa, appear to be particularly unsupportive of a carbon tax but are in favor of the energy transition and broadly support reducing global carbon emissions.

Top-line Messaging on Climate Policy: Grupo Argos is broadly supportive of climate action in its top-line communications. Its subsidiary, Cementos Argos, recognized the urgency of responding to climate change by accelerating the reduction of CO2 emissions in a statement on climate change, published in October 2021. However, the company and its subsidiaries have not taken clear positions on limiting global warming to 1.5°C, or achieving net zero emissions by 2050, in 2021-22. The group has not stated a position on the need for climate change regulation or the UN Paris Agreement in recent years.

Engagement with Climate-Related Regulations: Grupo Argos appears to take mixed positions on climate change regulations, with limited disclosure on issues in its corporate reporting and limited wider engagement. In its 2021 CDP response, the subsidiary Cementos Argos supported mandatory carbon reporting legislation in Colombia and the Dominican Republic. In a press release in July 2021, Celsia stated support for Colombian legislation, the Energy Transition Law, which includes tax benefits for “non-conventional renewable energy.”

In CDP disclosures, the group’s subsidiaries have been unsupportive of carbon taxes - in 2019, Celsia opposed the creation of a carbon tax in Colombia and supported exemptions for coal. Cementos Argos also stated support for emissions trading systems in its 2021 CDP disclosure as an alternative to a carbon tax, as it stressed the need to promote efficiency and innovation. In its 2021 CDP response, Cementos Argos did not appear to support Colombia’s carbon tax, as it suggested it would cause carbon leakage.

Positioning on Energy Transition: Grupo Argos appears to support the energy transition. In its 2021 Annual Report, published in February 2022, the company supported the transition to a low-carbon economy, and its subsidiary Celsia was supportive of the electrification of mass transportation in a 2021 management report. In a July 2021 press release, Celsia voiced support for Colombia’s Energy Transition Law, which includes legislation to support sustainable mobility and transition the energy mix. In a November 2021 investor call, the company supported the US Bipartisan Infrastructure legislation, stating it will “improve demand conditions and create a stronger pricing momentum.”

Industry Association Governance: Grupo Argos and its subsidiaries have published limited disclosure of its indirect engagement, listing its memberships of industry associations in its 2021-22 corporate reporting, but with no further details of the company's role within each organization's governing bodies, nor their climate change policy positions. The company has not published a review of alignment with its industry associations.

InfluenceMap collects and assesses evidence of corporate climate policy engagement on a weekly basis, depending on the availability of information from each specific data source (for more information see our methodology). While this analysis flows through to the company’s scores each week, the summary above is updated periodically. This summary was last updated in Q3 2022.

Additional Note: Grupo Argos is headquartered in Colombia, where InfluenceMap’s LobbyMap platform can currently only make a provisional assessment of corporate climate policy engagement, due to limited capability to access publicly available data on this issue. As it is possible that InfluenceMap is not yet able to fully capture evidence of Grupo Argos' climate policy engagement activities, these scores should be considered provisional at this time.

QUERIES
DATA SOURCES
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Strength of Relationship
STRONG
 
 
 
 
 
 
 
WEAK

How to Read our Relationship Score Map

In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.