We have expanded the list of climate policies we assess company engagement with to incorporate land-use related policy, referring to legislative or regulatory measures to enhance and protect ecosystems and land where carbon is being stored. Assessments under this category are currently underweighted in terms of their contribution to the overall company metrics. This weighting will be progressively increased over the next 6 months.
We adjusted the terminology used to describe the queries running down the left-hand side of our scoring matrix and added additional explanatory text to the info-boxes. This has no impact on the scores and methodology. It has been done following user feedback to improve clarity.
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Simon Bates, CEO of subsidiary Argos USA, is a member of the PCA board of directors (Updated Feburary 2023)
Simon Bates
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
President of Cementos Argos USA is on the board of directors of the Portland Cement Association (No longer correct as of Feburary 2023)
William Wagner
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Simon Bates, CEO of subsidiary Argos USA, is a member of the PCA board of directors (Updated Feburary 2023)
Simon Bates
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
President of Cementos Argos USA is on the board of directors of the Portland Cement Association (No longer correct as of Feburary 2023)
William Wagner
--no extract--
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.
Open PDF file of Data Source
Climate Lobbying Overview: Grupo Argos appears to support climate change policy in Central and South America with some exceptions and somewhat active engagement. The company and its subsidiaries, Cementos Argos, Celsia, and Odinsa, appear to be unsupportive of a carbon tax. The company and its subsidiaries take mixed positions on the energy transition, although Celsia is predominantly supportive of the transition to renewables.
Top-line Messaging on Climate Policy: Grupo Argos is broadly supportive of climate action in its top-line communications. Its subsidiary, Cementos Argos, seemed to support carbon neutrality by 2050 in Colombia, as it stated it participated in the National Program for Carbon Neutrality, in its 2022 Annual Report published in March 2023. In its 2022 CDP Disclosure, Cementos Argos seemed to emphasize the impacts on international competitiveness from climate change-related legislation, and advocated generally for ‘credits or allowances’ for cement as a trade exposed industry in the US due to climate change. The group does not appear to have stated a position or the UN Paris Agreement in 2021-23.
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 2022 CDP disclosure, the subsidiary Cementos Argos did not seem to support carbon taxes, stating preference for emissions trading schemes and emphasizing that economic instruments to reduce CO2 emissions should avoid carbon leakage. In the same 2022 CDP disclosure Cementos Argos supported mandatory carbon reporting legislation in Colombia and the Dominican Republic with some exceptions. On social media in December 2022, the company seemed to state support for a 2030 GHG emission target in Colombia of 51%.
Positioning on Energy Transition: Grupo Argos appears to take mixed positions on the energy transition. In its 2022 Annual Report, published in March 2023, its subsidiary Cementos Argos supported alternative fuels, such as non-recyclable waste, to decarbonize cement production. In its 2022 CDP Disclosure, Cementos Argos supported the Energy Transition Law in Colombia but advocated that it should promote non-conventional sources of energy, without clarifying what this entails, and supported strengthening fuel gas services alongside electricity. However, Celsia, another subsidiary, seemed to support the energy transition to renewables on social media in January 2023. 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 2022-23 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. The CEO of the subsidiary Argos USA is a member of the board of directors of the Portland Cement Association which is engaging on US climate legislation with mixed positions.
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 Q2 2023.
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.