Added Value to Society
At Celsia, we go beyond energy: we provide social value.
What is VAS?
VAS, or Value Added to Society, is a tool we use at Celsia and all Grupo Argos companies to measure our social, environmental and economic impact. Through this model, we convert the benefits and costs we generate for society into monetary value, in order to make more responsible and sustainable decisions.
Why is VAS important?
Because it helps us:
Manage risks and opportunities. With a better understanding of our impact, we can anticipate potential problems and take advantage of new opportunities to generate social value.
Make better decisions. VAS allows us to evaluate the social, environmental and economic impact of our decisions before making them, making sure they are responsible and sustainable.
Take advantage of positive impacts. If we identify the positive impacts we generate, we can focus on strengthening and expanding them.
Mitigate negative impacts. VAS also helps us identify the negative impacts we generate and develop action plans to mitigate them.
Be quicker and more adaptable. In a constantly changing world, VAS allows us to be more flexible and adapt to the new needs of society.
At Celsia, we are committed to creating social value in the countries in which we operate. VAS is a fundamental tool to achieve this objective, as it allows us to make responsible and sustainable decisions that benefit society as a whole.
How is VAS calculated?
VAS is calculated using a model that monetizes 10 social, environmental and economic externalities, which positively and negatively impact society with our operation. Each year, the assumptions and multipliers of the model are updated through a local and international bibliographic review, to identify best practices regarding the economic valuation of impacts.
The 10 externalities that positively and negatively impact society with our operations are:
-
Economic externalities:
Salaries and benefits
Taxes
Interest and dividends -
Social externalities:
Talent development
Investments in the community
OHS -
Environmental externalities:
GHG Emissions (Greenhouse Gases)
Other emissions
Water consumption
Biodiversity
2024 VAS Results
Our net value delivered to the company in 2024 was USD 443 million, equivalent to 10.6 times the retained earnings of USD 41.7 million
EIn 2024, we contributed 10.6 times the value we retained for the company to society.
Understanding the Graph:
▸First column: It represents the value the organization retained for itself in the period (retained earnings).
▸ Next columns: positive (earnings) or negative (costs) impacts on society. They are added or subtracted from the retained profit.
▸Last column: Value Added to Society (VAS).
Meaning:
▸An increase in positive impacts: greater benefit for society.
▸A decrease in negative impacts (cost): Less impact/harm to society.
Interpretatión:
▸Positive VAS: The company generates more benefits than costs for society.
▸Negative VAS: The company generates more costs than benefits for society.