2020 was a year of new realities for Grupo Energía Bogotá. The experiences of this year demonstrated the resilience of our team and of the corporate strategy under challenging circumstances. We had to understand the implications of the global crisis caused by the pandemic and to implement a strategy that would enable us to adapt our businesses to the limitations we faced starting in the first quarter of the year. We maintained our purpose of guaranteeing the continuity of operations, of providing the best support possible to all our team members and to contribute to the progress of the territories where we are present.
2020 was also a year of important changes in the definition of GEB’s strategy. Starting in July, we received the support and vision of a new team of leaders in the organization. Leaders committed to the creation of value, the construction of mutually beneficial relationships with our stakeholders, the energy transformation and the well-being and prosperity of the communities.
Defining our materiality is a constant challenge. The Corporate Strategic Plan (CSP) leads to focus on the matters that are truly associated with the sustainability of our business. For this reason, in the second half of the year, we took on the challenge of revising the materiality exercise carried out in 2019. This was in view of the new risks, opportunities and impacts that our businesses faced in 2020, in order to visualize these key topics for corporate management and strategy in the future.
This process enabled us to define the contents of the report aligned with the materiality and establish the scope of each topic through the identification of relevant sub-topics.
(102-47) We identified seven material topics by grouping the topics of our previous materiality. The above, combined with the inclusion of a new topic, enabled us to adjust our priorities for the strategic approach to each topic, and to develop a materiality matrix that is adjusted to our reality in 2020, which we present below:
Click on the Material Topic
Relations strategies and mechanisms with the objective of propitiating a favorable regulatory environment for the operation of the business in the industry and promote the energy transformation.Subtopic Regulatory Management and Institutional Relations