Cencosud Sustainability Institute
Seeking to further consolidate Cencosud Brasil’s ESG initiatives, another step was taken with the creation of an identity to represent this progress: the Corporate Institute. Previously known as the GBarbosa Institute, it has been renamed to Cencosud Sustainability Institute and gained national coverage. It is now the socio-environmental responsibility arm of Grupo Cencosud in Brazil, covering the GBarbosa, Bretas, Prezunic, Mercantil Atacado, Perini, Spid, and GIGA Atacado brands.
In 4Q23, the Institute had the presence of 2,540 participants, an increase of 81.8% compared to 4Q22. The activities offered by the Institute included gastronomy and dance classes, as well as events dedicated to “Pink October”, which raised awareness among participants for breast cancer prevention.
In December, the Institute executed a Letter of Intent with the Cargill Foundation, aiming to promote present and future joint actions, for the transformation of communities, generating a positive socio-environmental impact, in municipalities where Cargill and Cencosud are present.
Solidarity Change
Through this program, customers and employees can donate their spare change in cash and contribute to activities carried out by social institutions in the locations where we operate.
Diversity and Inclusion
In 4Q23, the female presence in leadership positions accounted for 34.9%, up by 0.3 p.p. over 4Q22. This increase was due to a several initiatives, such as the Cenco Mulheres program (female leadership mentoring), aiming to boost female representation in leadership positions. It is worth noting that women account for 49.5% of Cencosud’s workforce.
The promotion of inclusion of black or brown people in leadership positions reached 57.5% in the quarter, compare to 56.3% in 4Q22, an increase of 1.2 p.p.. It is important to highlight that, there was a change in the job evaluation methodology, in the quarter, where the leadership average no longer formed part of this indicator. Considering the previous calculation, the growth would have been 1.9 p.p. (64.8% in 4Q23 compared to 62.9% in 4Q22).
It is also worth noting that 20.4% of employees are now over 50 years of age, showing an increase of 1.8 p.p. compared to 4Q22.
These results show our commitment to promoting an inclusive culture and providing equal opportunities for all employees, regardless of their age, gender, or ethnic-racial background.
Salary Transparency Report
In compliance with Law No. 14,611 of July 4, 2023, the Ministry of Labor and Employment Ordinance No. 3,714 and Decree No. 11,795/2023, we released the statement regarding equal pay for Cencosud employees:
With a commitment to always act and relate in an ethical, respectful, and transparent manner with all its stakeholders, Cencosud Brasil informs that it was unable to publish the Salary Transparency reports within the deadline stipulated by the government, March 31, 2024, on due to instabilities presented on the Ministry of Labor and Employment website that made unable to access the information. Additionally, it reiterates its willingness to collaborate with the authorities and to provide visibility to data consistent with the reality of what is practiced in the Company.