This is the tenth consecutive Annual Report prepared by Votorantim in this format, in line with its commitment to transparency and accountability to all stakeholders. Covering the 2020 fiscal year, this report has been prepared in accordance with the GRI Standards: Core option—as well as observes the International Integrated Reporting Council (IIRC). The content of this report is also correlated with the United Nations (UN) Sustainable Development Goals (SDGs). 102-50 I 102-52 I 102-54
The reported economic and financial results are consolidated and have been externally assured by PwC. The information on operational, social and environmental performance also includes Reservas Votorantim, the Votorantim Institute and the portfolio companies Votorantim Cimentos, banco BV, Votorantim Energia—including the joint venture with CPP Investments (except CESP)—Nexa, Citrosuco (crop year: July 2019 to June 2020), CBA, Acerbrag and Acerías Paz del Río. 102-45 I 102-56
The previous report was published in March 2020. This document does not include changes in scope and boundaries. Additionally, the reformulations of information from previous reports, when necessary, were described and justified throughout the text of this report. This year, it is presented in online and PDF versions and includes consolidated Financial Statements and a GRI Content Index. 102-48 I 102-49 I 102-51
Questions and comments about this report can be directed to 102-53
102-15 | 102-21 | 102-46
In 2018, assisted by a specialized consulting firm, Votorantim defined the scope and boundaries of its Annual Report, as well as the most relevant topics to be reported, according to the interests of its stakeholders (learn more).
This materiality assessment, which was validated by the Executive Board of Votorantim and guides the entire content of this report, was reinforced in 2019 by a study of the expectations of financial stakeholders with regard to environmental, social and governance (ESG) issues. The assessment, conducted by a specialized company, was based on the evaluation of methodologies used by the main providers of sustainability indexes and ESG consultants in Brazil and abroad. It also considered initiatives such as the CDP and the Task Force on Climate-related Financial Disclosures (TCFD). The integration of the stakeholders’ expectations with the materiality matrix and the characteristics of the activities of the holding company and its portfolio companies resulted in the prioritization of issues to be addressed in the investment strategy, in communications with stakeholders and in the reporting of indicators within the Annual Report. 102-32 | 102-44
In 2020, Votorantim conducted a study on the SDGs (learn more). This information is indicated throughout the document; information on GRI standards is also identified in the report and included in GRI Disclosures (learn more).
More information about the economic, financial, operational, social and environmental performance of the portfolio companies can be found in their own annual reports, available on their websites.
