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Despite the challenges they faced, the companies once again demonstrated their capacity to create value and reaffirmed their commitment to society by working to prevent and combat COVID-19.

One of the main highlights of the year was the announcement of the combination of the operations of Votorantim Cimentos in North America with McInnis Cement, which resulted in a partnership with Caisse de dépôt et placement du Québec (CDPQ). Also, the joint venture between Votorantim Energia and CPP Investments announced an investment of R$ 2 billion in wind farms in the Ventos do Piauí II and Ventos do Piauí III complexes. In addition, CBA acquired the operations of a rolled steel unit located in in Itapissuma, in Pernambuco state, strengthening its leadership position in the packaging market in Brazil.

In the face of the health crisis, all companies in the portfolio adopted measures to ensure the health and well-being of their employees. They instituted remote working for most employees in corporate offices and, whenever that was not feasible, they put in place strict safety protocols that included periodic testing, shift rotation and sanitization of spaces. In parallel, among other benefits, they provided telemedicine services and virtual psychological support to employees and their families.

With coordination by the Votorantim Institute, the initiatives were extended to the general public. Through the All Against the Coronavirus (Todos Contra o Coronavirus) initiative (learn more), companies engaged in activities to meet the needs created by the pandemic in different locations in Brazil and abroad. Highlights include the donation of personal protective equipment (PPE) kits, handmade masks, COVID-19 tests, general equipment for hospitals and for setting up intensive care units (ICU), as well as boxes of food for families in situations of social vulnerability.

In the area of ESG (Environmental, Social and Governance), progress was made in all companies. Read on to learn about the performance of each of the companies in Votorantim’s portfolio.