About this report
GRI 2-2, 2-3, 2-14

Grupo Lamosa is presenting its second integrated report with its main financial results and a presentation of the company’s progress with its sustainability strategy with regard to environmental, social and governance issues.

The information corresponds to the different subsidiaries of Grupo Lamosa, S.A.B de C.V., except for the information on sustainability, because of the recent incorporation of Baldocer Cerámica. The geographic scope of the report for the period of January 1st to December 31st, 2023 includes the nine countries where the company has operations.

The selection of topics addressed throughout the report responds to a double-impact materiality exercise that considers priority socio-environmental and financial issues, making use of international standards such as those of the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB), now part of the IFRS Foundation. These standards are explained in detail in Appendix 1.7 Reporting Standards. The report is based on the GRI’s Compliance modality.

The contents are validated by the main areas of the company involved in the management of the material topics, as well as by senior management.

 

International Standards Applied

 


The Group’s financial statements are reported under International Financial Reporting Standards (IFRS).


For information reporting purposes, GRI 1, 2 and 3 universal standards are used in their latest updated version of 2021, as well as the GRI topic standards addressing socio-environmental impact materiality.


This report also includes the use of SASB standards, which address financial materiality and meet information requirements specifically requested by investors. The standards used relate to the following:

Construction materials
·
Building products and furnishings
·
Chemical substances


The report covers the company’s contribution to its priority Sustainable Development Goals (SDGs), as follows:

SDG 3
Good Health and Well-being
SDG 4
Quality Education
SDG 7
Affordable and Clean Energy
SDG 8
Decent Work and Economic Growth
SDG 9
Industry, Innovation and Infrastructure

SDG 10
Reduced Inequalities
SDG 12
Responsible Consumption and Production
SDG 13
Climate Action
SDG 16
Peace, Justice
and Strong Institutions

For more information, see: Appendix 1.4: Contribution to the SDGs.


The report responds to the company’s commitment to the ten principles established in the United Nations Global Compact, one of the world’s pioneering sustainability initiatives.

For more information, consult the: Appendix 1.5:
United Nations Global Compact Commitment.

 

How to identify contents:

  • The mainly qualitative contents related to GRI standards and the parameters of the SASB standards are outlined at the beginning of each chapter.
  • At the end of the report, in the appendix section, Grupo Lamosa’s performance in ESG matters is detailed with quantitative data. See Appendix 1.6: Main ESG Indicators.
  • The appendix section also describes the process of defining the company’s sustainability strategy and its contributions to international initiatives, such as the Sustainable Development Goals and the United Nations Global Compact.