Principles of Governance

2023 Highlights

Implementation of the 2030 ESG Strategy

Supply Chain ESG program in alliance with BBVA

Disclosing information and sustainability performance through CDP, EcoVadis, NQC, CONCAMIN, and our GRI Annual Sustainability Report

Integrity Season with unprecedented results

We follow the best governance practices to ensure accountability,
ethical operations and integrity within Metalsa.

Corporate Governance

All governance organs in Metalsa are controlled by Grupo Proeza’s guidelines and integrated by several committees.

Proeza Group’s highest governance body is the Board of Directors (CAP). The President of the Board is Enrique Zambrano Benítez.

The Board of Directors comprises 10 members, including the Chairman and nine directors, five proprietary, and five independent ones.

30% of the members of our
CAP are women.

CAP members

  • Enrique Zambrano Benítez
    Chairman

  • Four family members

Independent members

  • Eduardo Padilla Silva
    CEO of Fomento Económico Mexicano (FEMSA)


  • Nanxi Liu
    Co-CEO of Blaze, CFO of Nanoly Bioscience and Board member of CarParts.com

*Appointment has been approved and was ratified at the General Meeting of March 29, 2023.

  • Peter Hawthorne
    Former VP of Corporate Strategy and Development of Cargill


  • Salvador Alva Gómez
    Tecnológico de Monterrey President


  • Yvonne Ochoa Rosellini*
    Co-Founder and CEO of Keat, Chairman of AgroFibra, Board member of VivaAerobus, Grupo Pochteca and IASE México

Metalsa Executive Committee (MEC)

The Metalsa Executive Committee (MEC) holds monthly sessions to deliberate upon and oversee matters pertaining to strategy, finance, performance, talent management, organizational culture, risk assessment, and sustainability.

Its main objective is to ensure compliance with the company’s strategy and targets in the short, medium and long term.

Members

  • Polo Cedillo
    (Lead Director)

  • Troy Clarke

  • Mauricio Morales Z

  • Juan Carlos Zambrano

  • Jorge Garza
    (Metalsa Co)

  • Oswaldo Lozano*

  • Eduardo Barreda*

  • Shash Sharma*

*No voting rights

Metalsa
Leadership Team

The Metalsa Leadership Team is responsible for business decisions and performance observance in different aspects of the operation, as well as the development and implementation of our purpose, values, mission, strategies and goals. Furthermore, we have appointed specific coordinators for ESG topic’s management.

During 2023, the sustainability guidelines approved in 2022 were implemented, enacting action plans and concrete measures for the fulfillment of the 2030 goals.

Ethical Operations

Code of Conduct


Our Code includes all Metalsa’s values and guidelines that regulate the daily behavior of all collaborators. The main topics addressed are the defense of human rights, including no child or forced labor, freedom of association, non-discrimination, promotion of equal opportunities, client service, free market competition, personal data privacy, environmental protection, anticorruption compliance, anti-money-laundering compliance, regulatory compliance and the expected relationship with suppliers.

We expect all employees, suppliers and related parties to conduct themselves in accordance with the laws that promote appropriate working conditions and those that prohibit forced labor, child labor and human trafficking. We also expect them to guarantee freedom of association and the right to participate in collective bargaining.

Anticorruption Policies


As part of Proeza Group, we are committed to executing business with integrity.

Therefore, we have an Anticorruption Policy. This policy aims to set forth the mandatory requirements related to the prevention of corruption activities. It includes, among other matters, mandatory policies relating to dealings with government officials, third parties, business partners and suppliers; anti-bribery practices; transparent and accurate management of books and accounting records; and describes the appropriate way of handling contributions to political parties and charitable organizations.

In 2023, 100% of the Board members and 98% of our collaborators received training on our Code of Conduct, and Conflict of Interest Policy.

Transparency Line

To maintain transparency across all the business operations, at Metalsa we have established the Transparency Line managed by an independent third-party. Stakeholders may report any ethical breach or concern; all reports are sent to the Proeza’s Ethics and Compliance Committee to ensure the corresponding investigations and resolutions of all matters reported.

The Transparency Line can be accessed by any person who is affected by any of the Proeza’s enterprises or who observes any issue in business operations; all complaints are completely anonymous and confidential.

Various communication channels, including a website, IOS and Android App, email, and phone number are available for easy access.

Responsible
Supply Chain

The major input for the products manufactured by Metalsa is steel. In addition, we purchase components like screws, stamped metal parts, iron components, chemicals for the painting process, industrial gases and wire for welding, mainly.

We worked with 442 direct material suppliers in the year; 70.14% of them were domestic. 51% of our procurement expenses were allocated to them.

Supplier Business Assessment

The Metalsa Suppliers’ Business Assessment (MSBA) is a global evaluation that allows to clearly understand the capabilities of our supply base.

During 2023, 12 (100%) new suppliers were assessed using anti-money laundering, environmental and social criteria.