In 2021, Promigas and its companies structured, managed and executed a portfolio of strategic innovation opportunities and projects focused on creating, building and capturing value to put it at the service of our stakeholders, through new products and services that address their present and future needs, problems and opportunities.
Because Promigas operates in a dynamic industry, it must focus on creating value over the long-term. In this context, the Company uses its existing assets to manage its core natural gas operations, leverages its capabilities to develop other businesses that will ensure sustainable growth, and plays a major role in the development of the country’s energy security. All this based on ethics, risk management and innovation as the main foundations that drive our business.
Innovation Strategy
During 2021, our companies increased their investment and expected impact of their innovation projects, creating new paths to strengthen innovation competencies and to develop new ideas, consolidating teams to support each of the dimensions of the innovation process, through communications channels that bring us close to our customers and enable us to continue improving the efficiency and safety of the processes.
We began to deploy the 2021-2025 Innovation Acceleration Plan, which is comprised by seven lines of action:
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Networked budgeting, in which each business unit allocates 1% of its expense and investment budget to innovative initiatives or projects
- Strengthening management of R&D+i tax benefits and the monetization of innovation results
- Design and development of an innovation center at Promigas, with a focus on digital innovation
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Strengthening of R&D, developing partnerships with national universities
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Deployment of an advanced training program on research and innovation and strengthening of our organizational culture on innovation and entrepreneurship
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Optimization of the innovation actions portfolio to increase our operating efficiency
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Design and creation of an operational analytics center for the transportation, LNG and distribution businesses.
We also initiated important projects to explore new business lines in hydrogen, bio-methane and solar thermal systems.
Lastly, all corporate innovation indicators increased compared to 2020, demonstrating the commitment and impact of the Company’s innovation efforts.
Climate Strategy
One of the objectives of the corporate strategy of Promigas is to ensure an environmentally responsible operation. In fulfilling our environmental policy, which contains guidelines for achieving environmental objectives, including clear and explicit commitments on caring for biodiversity and climate change, we continue to implement good practices in performance of our environmental management activities, in order to minimize the impacts and risks derived from our activities, especially those related to climate.
In the implementation of the strategic line of mitigation, we continue to refine the calculation of our carbon footprint, to which end we adopted the guidelines of the standard ISO 14064, with the aim of certifying all the affiliates based on the new guidelines.
We have invested effort in gaining a deeper understanding of the impacts of our business operations on climate change and on the impacts on climate-related matters in our businesses. To this end, we are implementing the TCFD recommendations on reporting our Organization’s climate-related matters. With this knowledge we continue to strengthen the overall perspective on climate risks, as well as the opportunities derived from new business proposals with low carbon impact.
According to the energy transition trends, the Company prioritizes, as part of its core business, the development and promotion of energy services, especially photovoltaic solar energy, in order to continue reducing carbon emissions.
To complement the above, we will apply the preventive and precautionary principle to reduce and prevent the environmental impacts of our operations, including the implementation of mitigation and adaptation measures to address the climate change of the future. We also offset and restore any impacts that were not possible to prevent and/or mitigate.
