Message from Management

The year 2023 was marked by a synchronized slowdown in global economic activity after a strong hike in interest rates across the world that, together with continuous geopolitical tension, created market uncertainty and social disruption at a global level. The world also endured extreme weather events, such as heat waves, fires and floods, which added to the challenges faced by the society. Despite this turbulent economic, social and environmental situation, Votorantim Cimentos once again demonstrated its resilience by delivering record financial and sustainability results.

The strategic guidelines provided by the Board of Directors played a key role in this achievement. The consolidation of our acquisitions in Europe and North America, our investments in competitiveness in Brazil and the accelerated growth of new businesses all contributed to our results and reflect the soundness of our capital allocation decisions over the past few years.

We also strengthened our decarbonization efforts across all regions, maximizing value creation through traditional and innovative initiatives to further reduce our carbon footprint. This transformation journey is fully aligned with our mandate to position Votorantim Cimentos as a building materials and sustainable solutions company.

In this context, our governance structure was reinforced to support this agenda. During 2023, the Sustainability and Innovation Committee firmly established its role to support the Board of Directors in managing and monitoring environmental, social and governance (ESG) risks and opportunities.

We believe we are on the right path to creating an increasingly stronger Votorantim Cimentos. We will continue to look to the future, with safety, health and ethics as non-negotiable values, as we anticipate and adapt to the needs of society

Board of Directors