The report highlights SAAM's acquisition of Boskalis's stake in towage operations in Brazil, Mexico, Panama, and Canada for US$ 194 million, making it the largest acquisition in the company's history. It also notes SAAM's continued growth in its towage and logistics businesses, and its consolidation as the number one towage operator in the Americas. The company's commitment to sustainable management is reflected in its inclusion in the DJSI Chile and DJSI MILA indices, and in its progress on environmental issues, particularly in reducing GHG emissions. The report also highlights the implementation of a new operating model designed to improve efficiency and competitiveness, which includes a simplified governance structure, a culture of operational excellence, and an emphasis on risk management and the company's processes.
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Sociedad Matriz SAAM SA (SAAM) 2019 Integrated Annual Report
Issuing Company Sociedad Matriz S.A.AM S.A. (SAAM)
Report Type Integrated Report
Report Language EN
Report Filesize 22.21 MB
No. of Pages 243 pages
Reporting periodJanuary 1-December 31, 2019
Report Edition1
Assurance Provider Unknown
Reporting Standards GRI; IIRC; AA1000; others
Materiality Assessmenttrue