Odebrecht 2015
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Odebrecht 2015 TRUST AND UNITY CHILDREN FROM YURIMAGUAS, NORTHERN PERU: THE TOWN IS GROWING AND DEVELOPING THANKS TO THE IIRSA NORTH HIGHWAY, WHICH RUNS THROUGH THE ANDES MOUNTAINS AND LINKS THE PACIFIC AND ATLANTIC OCEANS TRUST AND UNITY PRESENT FOR OVER Much of what you will read in the SEVEN DECADES IN directly linked to the development following pages of this report reflects SEVERAL DIFFERENT of their local countries and regions. new guidelines the Group has adopted MARKETS, REGIONS due to changes in the domestic and AND COUNTRIES, THE teams united by the ethical and moral world scenes. Odebrecht adapts its ODEBRECHT GROUP IS concepts set forth in the Odebrecht structure to the demands of the most A MODEL OF SOLIDITY, Entrepreneurial Technology (TEO). competitive markets, increases its WORKING ON THE TEO is the basis for the work of all productivity and maintains investments BASIS OF CONFIDENCE Odebrecht Members and lays the in important projects for improving lives IN PEOPLE AND THE foundations for strengthening and in different parts of the world. Above ETHOS OF SERVICE. consolidating the Group. When times all, the Group reaffirms its confidence are tough, these clear principles in the development of people and guide and motivate its teams to communities and its commitment to learn, overcome and pursue the future. constant renewal. Odebrecht 2015 THIS REPORT PRESENTS THE MAIN RESULTS OF THE ODEBRECHT GROUP IN ALL ITS BUSINESSES AND FIELDS OF OPERATION IN 2014. IT CONTAINS CONSOLIDATED FINANCIAL, SOCIAL, ENVIRONMENTAL, CULTURAL AND SAFETY INDICATORS, AND SHOWCASES THE ORGANIZATION’S MAIN ACHIEVEMENTS DURING THAT PERIOD, INCLUDING UP-TO-DATE INFORMATION ON THE GROUP’S MACROSTRUCTURE. THE ODEBRECHT GROUP 4 MESSAGE FROM THE CHAIRMAN OF THE BOARD 10 MESSAGE FROM THE PRESIDENT AND CEO 12 INDICATORS 22 BUSINESSES 48 INVESTMENTS 72 SUPPORT COMPANIES 75 SOCIAL PROGRAMS 80 EXECUTIVES 83 ODEBRECHT 2015 5 HOLDING COMPANY BUSINESSES Construtora Norberto Odebrecht THE ODEBRECHT GROUP ODEBRECHT ENGINEERING & BOARD OF CONSTRUCTION Odebrecht S.A. DIRECTORS ODEBRECHT ENGINEERING & CONSTRUCTION INTERNATIONAL AFRICA, UNITED ARAB EMIRATES AND PORTUGAL LATIN AMERICA UNITED STATES FOUNDED IN THE CITY OF SALVADOR, INDUSTRIAL ENGINEERING BAHIA, BRAZIL, IN 1944, ODEBRECHT IS NOW A GLOBAL ORGANIZATION Odebrecht teams always work ODEBRECHT REAL ESTATE DEVELOPMENTS closely with their Clients and WITH OVER 168,000 MEMBERS FROM Communities, meeting their demands with speed and ODEBRECHT ENVIRONMENTAL DIFFERENT NATIONALITIES PRESENT efficiency. As a result, the Group INVESTMENT FUNDS has firmly established itself as IN BRAZIL AND 27 OTHER COUNTRIES. a synergistic confederation of – Fundo ODEBRECHT BRASIL small firms. – ODEBRECHT AFRICA FUND odebrecht latinvest – ODEBRECHT LATIN FUND As a non-operational holding company, Odebrecht S.A. ODEBRECHT OIL & GAS focuses on preserving the Group’s organizational culture SUPPORT COMPANIES and maintaining the direction of its Businesses. They, in turn, are – ODEBRECHT ServiÇos DE ExportaÇÃO odebrecht transPort – ODEBRECHT Corretora DE Seguros run autonomously according to – ODEBRECHT PrevidÊncia the principles of decentralization – ODEBRECHT Engenharia DE ProJetos and planned delegation – ODEBRECHT ComercialiZadora de energia established by the Group. brasKem The Business’s growth is based on developing important odebrecht agroindustrial projects for their communities. Three generations succeeding each other and working together ENSEADA SHIPBUILDING – an integral part of Odebrecht´s entrepreneurial culture – provide Odebrecht Foundation* growth and development ODEBRECHT DEFENSE & TECHNOLOGY opportunities for its Members and contribute to the Group’s perpetuity. *The Odebrecht Foundation is maintained by Odebrecht S.A. ODEBRECHT 2015 7 ODEBRECHT ENTREPRENEURIAL TECHNOLOGY (TEO) Firmly grounded on humanist values, TEO is the basis for an entrepreneurial culture centered on action and focused on education and work. Its interconnected Principles, Concepts and Criteria provide Odebrecht Group Members the ethical, moral and conceptual pillars they require to work with unified thinking, a common strategic direction and consistent actions. CODE OF CONDUCT The Group has a Code of Conduct that provides guidelines for all its Members’ internal and external relations, no matter what their roles and responsibilities. Odebrecht also believes that the principles and other guidelines in its Code of Conduct must be applied and disseminated along its entire value chain. The Group’s presence in the global market and its Members’ active participation in several different businesses, geographic regions and cultures require not only transparent standards of conduct but compliance with many different legal systems. The Code of Conduct addresses these requirements. LUCIANA GONZÁLES SANTILLÁN, A PERUVIAN MEMBER OF ODEBRECHT ENGINEERING & CONSTRUCTION INTERNATIONAL IN LATIN AMERICA ODEBRECHT 2015 9 United Kingdom Netherlands Germany Luxembourg austria Presence Spain Portugal in the World United States China Cuba Dominican Republic United Arab Emirates Brazil Mexico Angola Guatemala VeneZuela Ghana Argentina Austria Panama Chile Colombia China Singapore Colombia Ecuador Cuba MOZambiQUE Dominican Republic Peru BraZil Ecuador Angola Germany Ghana Guatemala Paraguay LUXembourg South Africa MEXico Chile MozambiQUE U 20 million N R B O Netherlands Argentina people use these services I A T N A EXports T Panama T I R N Paraguay A daily A Odebrecht is present N S S In the petrochemicals field, In the agroindustrial sector, Odebrecht P IC O S Peru R A T B Braskem serves over 40 countries. supplies Brazilian ethanol to South AT – Portugal IO YS in Brazil Nearly 98% of its exports go to Korea and exports sugar to 24 N – HIGHWA Singapore and in other Argentina, Bolivia, Canada, Chile, countries: Algeria, Bahrain, Bangladesh, South Africa Colombia, France, Germany, Canada, China, Croatia, Egypt, India, Spain 27 countries Italy, Japan, Mexico, Netherlands, Israel, Latvia, Lithuania, Malaysia, A United Arab Emirates M IA Paraguay, Peru, Poland, Singapore, Nigeria, Republic of Georgia, Romania, E S United States R A IC – South Korea, Spain, Switzerland, Russia, Spain, Tunisia, Ukraine, United A E United Kingdom S – OP United Kingdom, United States, Arab Emirates, United Kingdom, AF EUR Venezuela RICA – Uruguay and Venezuela. Uruguay, Venezuela and Yemen. ODEBRECHT 2015 11 he Group’s history is essentially the story of the people What do we believe? who have contributed to the results achieved over the We believe that our relationship with the government is course of more than 70 years. completely legitimate - not only in Brazil but in all the countries We have confidence in people - in their ability and where we operate. Tdesire to grow - and seek to propel their development. In this or- Historically, Odebrecht has been chosen by public and private ganization, this is done through what we call Education through Clients due to its proven delivery capability, honoring quality and Work, the process of grooming our Members. Education through time commitments. Our projects are carefully detailed to comply Work involves the simultaneous coexistence of different genera- with stringent international requirements of sustainability, neces- tions within the companies, where each of them passes on their sary for obtaining financing. knowledge and experience to the others, who in turn contribute We understand, however, that the problem of corruption their ability to achieve results. Trust is the basis of this process, as merits attention and extreme care and must be combated, and is ensuring delegation and therefore decentralization. that it is necessary to demonstrate the legality of any activities We also encourage the ethos of service - to Clients and the involving public resources. MESSAGE FROM THE community. Our Members seek personal and professional fulfill- We believe that relations between the public and private ment, winning over and keeping their Clients satisfied and ex- sectors should be fully transparent. Therefore, we have agreed to CHAIRMAN OF THE BOARD tending their activities to improve the quality of life of the com- present all transactions between our companies and government munities with which they interact. agencies for public examination. EMÍlio Odebrecht This is not an abstraction – the trust and ethos of service And we consider good governance of public resources essen- practiced by all of our Members take the form of entrepreneurial tial, so they can be invested rationally in initiatives that improve the decisions and actions that generate wealth shared with Clients, public’s quality of life and contribute to national development. Partners and the community. The current crisis surrounding politics and the reliability of Therefore, we are now presenting the results our teams ob- the Brazilian state’s institutions and companies has caused im- tained in 2014 objectively through summaries, graphs and num- measurable economic losses to the country, limiting and inhibiting bers, which demonstrate that we have an efficient entrepreneurial essential investments in economic growth. It also directly affects philosophy that has been thoroughly assimilated and transmitted the labor market, due to the suspension of many projects. with alignment between leaders and team members in a wide Therefore, it is urgent to clarify the facts and restructure range of projects in all of the 28 countries where we are present. this country on a solid, transparent and