ECONOMIC PERFORMANCE
Product transportation, Química del Rey
103-1, 103-2, 103-3
We aim to be the best investment option for our shareholders in the medium and long terms, offering them growth and profitability, and thus ensuring the survival of the company.
We strive to manage the company’s resources and assets wisely and guarantee good practices, fair business dealings and free competition.
102-7-a.iv, 102-45
As the following table shows, the company generated US$ 2.80 billion in value in 2020.
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There were no significant investment agreements or contracts in 2020 that included human rights clauses or underwent human rights screening. Nevertheless, Peñoles demands that all contractual partners give permanent, unequivocal respect for human rights.
The breakdown of our results and main financial figures for the fiscal year can be viewed in our Fourth Financial Statement, which is included at the end of this report, as well as in our 2020 Annual Report.
Particularly significant were the contributions made to the community and the environment, which were the following:
2020 |
% |
2019 |
% |
|
|---|---|---|---|---|
| Net sales |
4,673,309 |
100 | 4,471,948 | 100 |
| Domestic costs and expenses |
1,649,056 |
35 | 1,773,055 | 40 |
| Foreign costs and expenses |
224,871 |
5 | 241,780 | 5 |
| Total costs and expenses |
1,873,927 |
40 | 2,014,835 | 45 |
| Total value generated |
2,799,382 |
60 | 2,457,113 | 55 |
* Includes operations by Industrias Peñoles and its subsidiaries.
2020 |
% |
2019 |
% |
|
|---|---|---|---|---|
| Employees |
383,813 |
13.7 | 392,632 | 16.0 |
| Contractors |
904,904 |
32.3 | 1,034,101 | 42.1 |
| Government |
243,597 |
8.7 | 18,430 | 0.8 |
| Shareholders |
33,842 |
1.2 | 236,858 | 9.6 |
| Community and environment |
63,061 |
2.3 | 77,154 | 3.1 |
| Reinvestment in the company |
887,206 |
31.7 | 591,889 | 24.1 |
| Interest |
282,959 |
10.1 | 106,049 | 4.3 |
| Total value distributed |
2,799,382 |
100 | 2,457,113 | 100 |
* Includes operations by Industrias Peñoles and its subsidiaries.
2020 |
2019 |
|
|---|---|---|
| Community |
7,984 |
11,232 |
| Environment |
6,967 |
7,561 |
| Depreciation of social assets |
56,098 |
47,368 |
| Provision for ecological expense |
7,988 |
10,993 |
| Total |
63,061 |
77,154 |
*Includes investments in infrastructure, public services, festivals and cultural events, fairs, exhibits, press and radio expenses, contributions to communities, and others.
**Includes operations by Industrias Peñoles and its subsidiaries.
The economic impact of our investment is expressed in a redistribution of our value generated among our stakeholders.
In this 2020 Report we present the sustainability performance of the operations of Peñoles and the generation of shared value with the groups of interest.
