Under the precautionary principle, Cox’s risk management system covers all types of risks, including environmental risks and those related to climate change, across all activities and geographies where the company operates.
This system includes the identification and assessment of actual and potential risks, the development of remediation mechanisms for materialized risks, and the establishment of procedures to address identified potential risks.
In addition to the guidelines from the latest IPCC report, Cox has incorporated the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) and the European Sustainability Reporting Standards (ESRS). These recommendations pertain to senior management’s involvement in managing climate-related risks; the establishment of a risk identification and management system at both the global and facility levels, in the short, medium, and long term; the integration of this system into the company’s overall risk management processes; and the disclosure of the metrics used by the organization to assess climate-related risks and opportunities, as well as the risk management process.
The monitoring and tracking of these and other risks, along with the mitigation measures applied, facilitate the development of lessons learned. This approach transforms risk management into a mature process, allowing for continuous feedback and the application of experience-based measures in both new and existing projects.
Luis Arizaga Zárate
Independent Director
Member of the Audit Committee
Date of appointment: September 17, 2024
Shareholding in Cox Abg Group, S.A.: 11,514 shares
Partner of Exus Management Partners (Exus) and GenuX Power, a global renewable energy platform with offices in nine countries, managing 11GW of installed capacity, including 2.6GW in Mexico between wind and solar energy projects. Holds a Master of Business Administration (MBA) from the Leonard N. Stern School of Business at NYU in New York, and a bachelors degree in Accounting and Finance from ITESM in Mexico.
Prior to joining EXUS in 2019, he founded EIRA Capital, an investment platform focused on Energy and Infrastructure transactions in Mexico, and Latin America. He was also part of Australia’s Macquarie Group in Latin America, where he spent more than 7 years in the Macquarie Capital and Macquarie Funds divisions, working on fund capital raising, equity investments, asset management activities, as well as third party advisory roles on energy and infrastructure transactions in Mexico and Latin America. During his years at Macquarie, he also held board positions in the several investments made by Macquarie which covered energy, public private partnerships, roads, and telecom companies. In addition, his previous involvement at financial institutions include positions in the investment banking teams of Deutsche Bank’s M&A group in New York, and Citibank’s M&A group in Mexico.
Other former relevant positions include his role as independent member of the investment committee of the Instituto del Fondo Nacional de la Vivienda para los Trabajadores (Mexican mortgages and housing government agency).
Enrique Riquelme Vives
Presidente Ejecutivo
Fecha de nombramiento: 17 de septiembre de 2024
Participación en el capital social de Cox Abg Group, S.A.: 50.601.230 acciones
Presidente Ejecutivo de Cox, tras iniciar su andadura profesional en el sector inmobiliario y de la construcción, en 2010 fundó Grupo El Sol en Panamá, especializado en operaciones de minería, cemento, infraestructuras y energía. Con el tiempo, la empresa se convertiría en el mayor proveedor de arena de la UTE responsable de la ampliación del canal de Panamá. Posteriormente, pasó a liderar las fases de oferta y desarrollo de Rainbow 50: el proyecto fotovoltaico de mayor envergadura ejecutado en América Latina hasta aquel momento.
Ha recibido varios galardones por su contribución al mundo empresarial en España, entre ellos el Premio del Certamen Nacional de Jóvenes Emprendedores 2018. También ha sido distinguido como uno de los «100 latinos más influyentes comprometidos con la acción climática» y uno de los «100 españoles más creativos del mundo de los negocios» según la revista Forbes. Actualmente, es miembro del Consejo Internacional de la San Telmo Business School y preside el Consejo Asesor de la Fundación Scholas para Panamá, Centroamérica y Caribe.