- This recognition was awarded by the Sustainable Leaders Agenda, ALAS20, in its 2024 edition, for its outstanding management and disclosure practices on environmental, social, and economic issues.
- The recognition ratifies ISA’s world-class practices in sustainability and corporate governance.
ALAS20, Sustainable Leaders Agenda, is an initiative that seeks to promote sustainable development in Latin America and Spain. To this end, they carry out an evaluation, rating, and recognition of excellence in public disclosure of actions in the field of sustainable development and responsible investment of companies and investors in Brazil, Chile, Colombia, Spain, Mexico, and Peru.
ISA was recognized in ALAS20 in the category, Leading Company in Sustainability, in its 2024 edition, after a technical evaluation process in which the company’s environmental, social, and economic (ESG) practices were assessed. The seal also highlighted the company’s social programs, its relationship with stakeholders, its involvement in integrating the main concerns of its stakeholders, and its risk management and value creation in favor of sustainable development.
“At ISA we are convinced that companies are viable only if the environment is viable. In this sense, we have a clear commitment to community development and climate change mitigation, with actions that go beyond what the law dictates. This recognition confirms that we are on the right path and excites us because it allows us to continue inspiring others for the benefit of territories with greater development and progress,” stated Gabriel Melguizo Posada, ISA’s interim CEO.
This is the sixth recognition that ISA and its companies have received from ALAS20 (2015, 2016, 2017, 2022 and 2023). Previously, ISA has won in the ALAS20 Colombia Company, Investor Relations, Sustainable Leader, and Corporate Governance categories.
About ALAS20
- Who gives the awards?
GOVERNART, a think tank and advisory firm that provides environmental, social, and corporate governance services to companies and investors in Latin America. It takes part in the UN initiatives promoting responsible investments.
- The companies evaluated for the ALAS20 Ranking are recognized in the following categories:
Sustainable Leader Company: Category that recognizes excellence in the public disclosure of information on sustainability and environmental, social, and economic (ESG) practices of the company, making available to its stakeholders the background information on its risk management and value creation in favor of sustainable development.
Grand Prix ALAS20 Company: The Grand Prix ALAS20 Company category is the most important category to which a company can aspire in ALAS20, as it is awarded to only one company in the six countries participating in the initiative, which are: Brazil, Chile, Colombia, Spain, Mexico, and Peru.
Leading Company in Investor Relations: category that values the company’s willingness and professionalism in its interaction with key agents in the capital markets, such as investors, financial analysts, and regulators.
- What is the process for this recognition?
The process consists of three stages:
Voting: organizations must undergo a voting process based on the Sustainable Enterprise Perception Study (PES) and the Responsible Investor Perception Study (PIR). Each country has its own voting process, usually using market analysts/investors.
Nomination: The 10 organizations and investors with the most votes in each category, in each country, are identified.
Evaluation: Morningstar Sustainalytics, a leading global provider of ESG research, ratings, and data is in charge of the technical assessment of the Sustainability Leader category for companies. The Colombian Stock Exchange is in charge of the technical evaluation of the Investor Relations Leader category.
