ISA, among the three companies with best Private Social Investment practices in Colombia

ISA, among the three companies with best Private Social Investment practices in Colombia

With a score of 91 out of 100, the company stood out as one of the organizations with the best social and environmental investment strategies in Colombia, according to the 2020 Private Social Investment Index of the firm Jaime Arteaga & Asociados, allied with Semana Sostenible, and supported by the U.S. Agency for International Development (USAID).

Of the five dimensions evaluated, the ISA Group got an outstanding result in the Focus and Recognition dimensions.

102 of Colombia’s largest companies, whose revenues represent 33% of Colombia’s GDP, participated in the measurement.

Nearly 95% of the population who benefit from ISA’s social and environmental programs in Colombia is rural, and nearly 97% is in a vulnerable condition.

In the 4th edition of the Private Social Investment Index (IISP), ISA was one of the top 3 companies with the best voluntary social investment strategies in Colombia. In the overall result, the company scored 91 out of 100, which shows its commitment to competitiveness, regional socio-economic development, and sustainable value generation for the country.

The Index measures companies’ sustainability performance on five dimensions: Alignment, Management, Synapse, Focus, and Recognition. Regarding Focus, the company scored 100 for focusing its programs and actions on the most vulnerable and rural populations. Also, it was one of the top ten companies in the Recognition dimension (100 points) -the only dimension in the index measuring perception- for being one of the companies most recognized for Private Social Investment and Corporate Social Responsibility activities.

“Being recognized as one of the companies most voluntarily committed to social issues demonstrates that we are creating real sustainable value for society. In every choice made and project undertaken, we bear in mind regional progress and socioeconomic development, capability transfer, supplier strengthening, respect for diversity, and care for the environment. This is what really defines our DNA,” Bernardo Vargas Gibsone, ISA’s CEO, said.

In 2019, ISA invested nearly 27% of its social management budget in community infrastructure in Colombia, which is a core pillar for community cohesion in the area of influence. In this regard, the company invested 12,6% in rural development and 15,4% in institutional strengthening.

Nearly 95% of the population who benefit from ISA’s social and environmental programs in Colombia is rural, and nearly 97% is in a vulnerable condition.

10,5% of the investment was made in municipalities, in Programs Developed with a Rural Focus (PDET). Also, 95% of the programs were developed together with third parties and 100% together with communities.

About the IISP

The Social Investment Index, carried out by the firm Jaime Arteaga y Asociados annually since 2017, is based on a methodology designed by the World Bank to measure the non-obligatory investment of companies in social, environmental, and cultural projects benefiting the most vulnerable population of the country and which contribute to the overcoming of poverty and social inclusion.

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