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SAAM shows sustainability leadership
Towage, logistics and ports group SAAM has been recognised for its sustainability and efforts in corporate governance
The Chile-headquartered group, one of the largest providers of towage in the Americas outside of the US, has been listed under both the Dow Jones Sustainability Index (DJSI) Chile and the S&P MILA Pacific Alliance Select sustainability performance indicators in response to its environmental and social commitments and investments.
Corporate sustainability performance was measured in three categories: economic, environmental and social.
“We have worked hard to continuously improve our performance in sustainability and market transparency,” said SAAM group chief executive Macario Valdés.
“Being on these indices ratifies our commitment to continue along this path and our intention for our company, and each of our employees, to prioritise safety, fortifying stakeholder relations, social commitment, environmental protection and a culture of ethics,” he explained.
SAAM provides port, towage and logistics services in 13 countries in Latin America and has a major base of operations in British Columbia, Canada.
Mr Valdés said the group has made strides this year in areas such as corporate governance and human capital development.
This is the fourth year SAAM was selected for the S&P MILA Pacific Alliance Select Index, which is designed to measure the performance of the largest companies in the Pacific Alliance region of Chile, Peru, Colombia and Mexico.
SAAM has also been listed in the DJSI index for five previous years. This index is one of the most important indicators in the world for measuring leading companies in sustainability.
The index was created in Chile in 2015 and has 27 constituents, among which SAAM stands out as the only organisation from the transportation industry.
“A DJSI distinction is a reflection of being a sustainability leader in your industry,” said S&P Global head of environmental, social and governance (ESG) research and data, Manjit Jus.
“The record number of companies participating in the 2021 S&P Global corporate sustainability assessment is testament to the growing movement for ESG disclosure and transparency.”
SAAM was one of the first to invest in tugboats with low emissions to comply with IMO Tier III requirements. These tugs have been deployed in British Columbia to support ships entering ports and terminals in the province.
SAAM has expanded these investments into Latin America, where it is a leading provider of towage services at oil, gas and container terminals.
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