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Companies within the Argos Business Group have carried out buybacks amounting to more than COP 340 billion
21 May 2024The share repurchase plan announced by Grupo Argos and its listed companies amounts to more than COP 1 trillion.
Read moreWith the purpose of strengthening the strategic function of the mangrove ecosystem in the protection of biodiversity, the capture of carbon dioxide and in the quality of life of the inhabitants of the country’s coastal areas, the Grupo Argos Foundation advanced the planting of 20,000 red mangrove plants in the Ciénaga de Mallorquín area, north of Barranquilla.
This planting day was possible thanks to the alliance with the Regional Autonomous Corporation of the Atlantic and Celsia, through its ReverdeC program, entities that contributed knowledge and resources for the structuring of this initiative that seeks to contribute to the restoration of nearly six hectares of mangrove
“The mangrove ecosystem is essential for the health of the oceans, climate change mitigation and directly influences the quality of life of fishing populations. These 20,000 seedlings are added to the efforts that we have been making for more than three years in the departments of Sucre, Bolívar and Atlántico.”
Maria Camila Villegas – Operational Director of the Grupo Argos Foundation
This project contemplates the linking of local communities through environmental education workshops in which nearly 3,000 students, teachers and community leaders participate. Likewise, it allows communities to obtain additional income by protecting the ecosystem.
About the mangrove ecosystem
Mangrove forests are highly productive ecosystems, eco-transpirators, flood buffers, erosion protectors and refuge areas for fauna. Among the ecosystem functions of mangroves, their enormous capacity to capture and store carbon dioxide (CO2) in the form of organic carbon, which is known as blue carbon, stands out. Ecosystems that capture and store this type of carbon retain in one year the carbon equivalent to almost half of the emissions produced by transport on a global scale.
The share repurchase plan announced by Grupo Argos and its listed companies amounts to more than COP 1 trillion.
Read moreThe rating took into account the fulfillment of the strategic announcements reported by Grupo Argos to the market over the past years, which have resulted in sustained growth of operational margins, greater financial flexibility, and structural solidity, even in a challenging macroeconomic environment.
Read more16% of the employees at Grupo Empresarial Argos had the opportunity to experience internal mobility in the past year.
Read moreOn average the shares of Grupo Empresarial Argos doubled in value on the Colombia Stock Exchange
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