The past few years have been challenging for the Company and, in general, for the entire hydrocarbon sector in Colombia. However, PAREX has found sufficient motivation and opportunities to continue to grow with its partners, relying on the support of its human talent and the good decisions made by a corporate team that believes in Colombia and its institutions, as well as the Company’s ability to take on big challenges.
Thanks to a talented and committed team, we are growing across Colombia, a country that welcomed us seven years ago beginning in Casanare, a place where we continue to showcase the best of what we are and what we do at PAREX. In 2016, based on the Casanare experience, we extended our presence in other Colombian regions where we will have the opportunity to continue learning and showing that working together with institutions and communities is the best way to conduct our business. This step would not have been possible without the bonds of trust already in place. They have been the basis for open, constructive dialogue and cooperative implementation of different agreements in the areas where we operate. For PAREX, building trust and long-term relationships with stakeholders has been fundamental to the development of our operations in Colombia. For this reason, we always consider the requirements of our stakeholders; we strive to respond and resolve their concerns promptly and diligently.
In this report, we discuss PAREX’ management and how the Company manages its relations with its stakeholders and the environment. We are committed to continuously improve, our approach is illustrated by a 37% increase in sustainability indicators reported, going from 46 in 2015 to 72 in 2016. This achievement has taken time and effort, but we believe that sustainability is fundamental to our Company’s current and future goals.