Colbun S.A.

Review summary

Colbun S.A. has submitted its 2023 integrated annual report to Its Now for Nature and met all the review criteria to be part of the campaign.

Reviewed September 2024

Colbun’s dual materiality assessment addresses nature-related impacts, risks and opportunities (IROs).
IROs are identified for climate change, water resources, biodiversity, pollution and waste.
In Chile and Peru projects must undergo an impact and dependency assessment.
For example: habitats for biodiversity (impacts), increased costs of raw materials (risks) and environmental conservation sites with CO₂ capture (opportunities).

Colbun has smart targets for climate change, water resources, biodiversity, pollution and waste for 2030.
For example, to achieve carbon neutrality by 2050, Colbun will:
- Establish a new biodiversity conservation area by 2025.
- Manage water responsibly and reduce freshwater intensity per energy generated by 40% by 2025 and 45% by 2030, and reduce freshwater use in non-operational activities by 40% by 2025.
- Increase waste recovery, excluding ash, to 35% by 2025 and 50% by 2030.

Colbun carries out actions to mitigate all its material nature topics.
For example:
- For water, Colbun has a focus on efficient water management, and investment in new technologies and infrastructure. This includes: evaluation of water use, improving efficiency, improving water quality discharges and water recycling.
- For waste: Colbun commits to continuous monitoring of air emission in thermal power plants; waste management and recovery; and circularity initiatives.

The Biodiversity Strategy was endorsed by the Sustainability Committee, to systematically tackle the complexities of biodiversity management across all facets of Colbun’s activities and operations.
This committee oversees the integration of social, environmental, and governance practices across business areas, meeting quarterly and includes senior managers. It also supervises regulatory updates and monitors legislative changes impacting the sector.