Strengthening of institutionality

Grupo SURA understands that you can only be successful a setting that grows, with people that have better living conditions and societies that are part of the virtuous cycle of development. We believe that strong institutions in favor of creating social and economic enhancements are the leverage needed for the growth of society. Hence, we promote the creation and consolidation of think tanks, guilds, associations and initiatives based on cooperation. In this sense, we work along side organizations, institutions and governments, by contributing resources, knowledge and talent, without compromising personal interests, and all to reflect upon, investigate and have a positive impact on the construction of public policies that boost the develop – ment of the countries where we operate.

In 2020, the Company had the chance to join forces with other players on complementary pur- poses. These forces strengthen capabilities and favors the achieve – ment of relevant goals for society. The following contributions are involved.

Contributions (values in US dollars – USD)

Contributions

  2017 2018 2019 2020
Local, regional or national political campaigns / organizations / candidates 0 164,600 76,194 0
Regarding political dynamics and the electoral campaign in Colombia
Trade associations or tax-exempt groups (e.g. think tanks) 5,385,06 12,891,666 16,327,114 14,137,100
Lobbying, interest representation or similar 0 0 0 0
Other (e.g. spending related to ballot measures or referendums) 0 0 0 0
Total contributions and other spending 5,385,063 13,056,266 16,403,308 14,137,100
Data coverage (as % of denominator) 100 100 100 100

Largest Contributions to trade associations:

  1. ASOCIACIÓN AFP PERÚ: Asociación de AFP – AAFP – is a non-profit institution that represents the four Pension Fund Administrators (AFP) that operate in Peru.

  2. ASSOCIATION AFP CHILE: It is a trade union organization that brings together the Pension Fund Administrators companies constituted according to the rules of DL 3,500 of the year 1980. The objective is to represent their associates in front of the public powers and civil society organizations, looking for the best performance, development and improvement of the rules that govern their work. 

  3. FASECOLDA: As a professional nonprofit association, Fasecolda represents the activity of the insurance industry. The federation has led the development of the insurance activity by conducting ongoing research and analysis, both nationally and internationally. In particular, it is dedicated to promoting the culture of insurance and modernization of the industry. To achieve this purpose, it analyzes and collects specific industry results and general statistics.