Management model

About this report integrated
 

Grupo Nutresa [GRI 2-1] has prepared its Integrated Report 2021 based on the principles of the framework established by the International Integrated Reporting Council (IIRC) with the purpose of disclosing to its stakeholders the strategy, future outlook, the main progress achieved and the success stories related to the 18 material issues that could have the deepest impact on the Organization’s ability to create value in the society. Such issues are presented within each one of the sustainability dimensions: Cooperating with people, our allies and society; Preserving the planet; and Inspiring growth, development and innovation. In addition, the Integrated Report presents the progress made with regard to the fulfillment of the 10 principles of the Global Compact. This is the thirteenth communication on progress for the United Nations.

This report has been prepared in accordance with the standards of the Global Reporting Initiative (GRI) —comprehensive option—,and with the food sector supplement of the G4 guide. The Organization has also voluntarily adopted the standard established by the Sustainability Accounting Standards Board (SASB), and presents the corresponding results for the first time in this Integrated Report. The disclosure includes the sectors where Grupo Nutresa has operations: processed food; food retailers and distributors; land transport; beef, poultry and dairy; agricultural products; restaurants; e-commerce; and non-alcoholic beverages. The purpose is to continue strengthening the capacity of its stakeholders to make better decisions while enhancing, at the same time, their ability to assess and manage risks and opportunities. The report also includes indicators that reflect how the Organization contributes to the fulfillment of the Sustainable Development Goals (ODS).

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 companies follow the accounting practices and policies adopted by the Parent Company. In the case of the subordinate companies located outside Colombia, such accounting practices do not substantially differ from the practices used in the countries of origin, or their practices and policies have been standardized when they have a significant impact on the consolidated financial statements. All this information has been audited by PricewaterhouseCoopers.

The non-financial information has been verified by KPMG Advisory, Tax & Legal [GRI 2-5], an independent auditing firm that abides by the guidelines of the ISAE 3000 and ISAE 3410 international standards. Such report has concluded that the information is presented in accordance with the 2021 edition of the GRI standards.