Terpel, the only Colombian fuel distributor among the most sustainable in the world, according to the recent Yearbook from S&P Dow Jones

• For the seventh time, Terpel has been included in the sustainability yearbook, the most relevant publication that highlights companies for their management and good practices in environmental, social, and corporate governance matters globally.
• Thanks to its results in the Corporate Sustainability Assessment (CSA), the most comprehensive corporate sustainability evaluation conducted by S&P Global, the company entered the select list.
• In 2023, Terpel improved in all dimensions evaluated by the CSA compared to the previous year, exceeding the industry average by 44 points.  

Bogotá, February 7, 2024. Terpel was included again in The Sustainability Yearbook by S&P Dow Jones as one of the leading companies in sustainability thanks to the results obtained in the Corporate Sustainability Assessment (CSA), the most comprehensive corporate sustainability evaluation in the world. This recognition positions Terpel as one of the leading companies in sustainability globally and the only one in Colombia in the fuels sector (in the retail segment), due to its sustainable management, according to the measurement.

A total of 19 companies from the country were included in the yearbook and recognized for their sustainability practices, which evidences the country's progress in this area.

Annually, S&P Global evaluates the environmental, social, and governance (ESG) practices of more than 10,000 companies from approximately 61 industries. 

In the industry retail, Terpel was rated with 63 points, six more than the previous year and managed to increase its scores in all its dimensions compared to the previous year, placing itself in the 98th percentile of the industry according to its total score. These results reflect the good practices of the company under ESG standards, exceeding the industry average by 44 points.  

On the environmental front, the company obtained 59 points, 42 more than the average, thanks to its environmental policies and management, biodiversity, and food waste reduction, going from 0 to 71 points in this last category. This result was supported by the organization's environmental stance defined in 2022, which promotes competitive, responsible, and sustainable growth while ensuring climate change management and promoting the circular economy in its different businesses.

Regarding corporate and economic governance, Terpel achieved 61 points, standing out in aspects such as risk management, cybersecurity, and tax strategy. Finally, in the social dimension, the company achieved 69 points, which allowed it to be 54 points above the average with a better positioning in the categories of human capital development, health and safety at work, sustainable marketing, brand perception, among others. 

“Being part of the companies with the best practices in sustainability is a recognition of the work of a team committed to being a country ally, a good neighbor, a transparent and ethical company, that cares for the environment and always puts people at the center of its decisions. We feel very proud and challenged to push ourselves further, because at Terpel we understand that sustainability is a long-term path and a continuous learning process,” commented Oscar Bravo, president of Terpel.