Mission Statement, Vision, & Core Values (2024) of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (CRESY)

An Overview of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (CRESY)

General Summary of Cresud Sociedad Anónima

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (CRESY), established in 1936, is a leading agribusiness and real estate company based in Argentina. The company primarily operates in agriculture, cattle ranching, and real estate development, focusing on a diversified portfolio that includes crops, livestock, and agricultural properties.

As of 2024, Cresud's product offerings include:

• Grain production (soybeans, corn, wheat)
• Cattle and livestock
• Real estate services
• Financial services related to agriculture

Cresud has reported total sales of approximately $1.2 billion in 2024, reflecting a steady demand for its agricultural products and real estate assets.

Company's Financial Performance in the Latest Financial Reports

In the latest financial report for the year ending July 2023, Cresud reported a record-breaking revenue of $1.2 billion, representing an increase of 15% compared to the previous year. The growth in revenue was primarily driven by strong sales in:

• Grain sales: $600 million
• Cattle ranching: $400 million
• Real estate: $200 million

The agricultural sector's demand has surged, particularly in international markets, attributing to Cresud's continued expansion. The company has reported an EBITDA margin of 35% and a net income of $150 million.

Introduction to Cresud as a Leader in Its Industry

Cresud stands out as one of the leading companies in the agribusiness sector in Argentina. With a well-diversified portfolio and a strong presence in both domestic and international markets, it continues to innovate and expand. The company's commitment to sustainable farming practices and efficient land management has positioned it favorably among industry peers.

In recent years, Cresud has focused on enhancing operational efficiencies and expanding its agricultural technology capabilities, which further solidifies its status as a market leader. To understand why Cresud is successful, readers are encouraged to explore more about its strategies and market positioning.

Mission Statement of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (CRESY)

Mission Statement Overview

The mission statement of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (CRESY) serves as a fundamental guiding principle that shapes its strategic direction and operational ethos. It encapsulates the company's commitment to its stakeholders, including shareholders, employees, and customers, while reinforcing its role within the agricultural sector. The company's mission is to provide high-quality products and services, contributing to sustainable agriculture and rural development.

Core Component 1: Commitment to Quality

Cresud's dedication to delivering high-quality products is central to its mission. The company actively invests in advanced agricultural technologies and sustainable practices to enhance product quality. In 2023, Cresud reported a quality assurance improvement initiative that led to a 15% increase in customer satisfaction ratings, as indicated by its annual customer feedback survey.

Core Component 2: Sustainability Initiatives

Cresud emphasizes sustainability as a critical component of its mission. The company aims to minimize environmental impact while maximizing production efficiency. Based on the 2023 Sustainability Report, Cresud has reduced its carbon emissions by 20% since 2020. The adoption of precision agriculture techniques has played a significant role in achieving this target.

Core Component 3: Community Engagement

A significant aspect of Cresud's mission is its commitment to community engagement and development. The company invests in local communities through various outreach programs, focusing on education and economic opportunities for rural populations. In 2023, Cresud allocated over USD 2 million to community development initiatives, benefiting more than 10,000 individuals in rural areas.

Vision Statement of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (CRESY)

Vision Statement Overview

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (CRESY) aims to be a leader in the agricultural, commercial, and financial sectors by 2024. The vision emphasizes sustainable growth, innovation, and social responsibility.

Leadership in Agriculture

CRESY envisions becoming a benchmark in the agricultural sector through innovative technologies and sustainable practices. The company plans to increase its cultivated land to approximately 500,000 hectares by 2024, focusing on key crops such as soybeans, corn, and wheat.

Financial Growth and Stability

The vision includes achieving a revenue target of $500 million by the end of 2024. CRESY intends to enhance its financial performance through diversified investments and strategic partnerships.

Sustainable Practices and Social Responsibility

CRESY's vision includes a commitment to reduce carbon emissions by 20% by 2024 through cleaner production techniques. Furthermore, the company aims to invest 5% of its profits into local communities for education and infrastructure projects.

Innovation and Technology Integration

CRESY's vision incorporates the use of advanced technology in agricultural practices. By 2024, CRESY aims to implement precision farming techniques on 80% of its land, focusing on maximizing yield while minimizing waste.

Core Values of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (CRESY)

Integrity

Integrity is a foundational core value for Cresud Sociedad Anónima, emphasizing honesty and ethical practices in all business operations.

Cresud has consistently demonstrated its commitment to integrity through transparent financial reporting. In 2022, the company reported a revenue of ARS 20.34 billion, with a net profit margin of 8.5%, showcasing its dedication to honest financial practices.

• Annual external audits are conducted to ensure compliance with financial regulations, enhancing stakeholder trust.
• The company has implemented a whistleblower policy and ethics training programs, which reported a 95% employee participation rate in 2023.

Innovation

Innovation drives Cresud forward, enabling the company to adapt and thrive in the competitive agricultural sector.

In 2023, Cresud invested ARS 1.5 billion in agritech solutions to improve crop yields and sustainability practices. The adoption of precision agriculture technology increased yields by an average of 15% across their operations.

• Development of a smart irrigation system that saved 20% water usage in 2023.
• Collaboration with tech start-ups for developing drone technology, resulting in improved crop monitoring and management.

Sustainability

Cresud prioritizes sustainability, aiming to minimize environmental impact while maximizing resource efficiency.

By 2024, Cresud aims to reduce greenhouse gas emissions by 25% compared to 2020 levels, aligning with global sustainability targets. In 2023, their efforts led to a 15% reduction in emissions, achieving ARS 300 million in cost savings through energy efficiency initiatives.

• Implementation of a reforestation program that planted over 500,000 trees in the past two years.
• Investment in renewable energy, with 30% of operational energy sourced from solar projects.

Community Engagement

Community engagement is vital for Cresud, fostering strong relationships with local stakeholders and promoting regional development.

In 2023, Cresud dedicated ARS 400 million to community development projects, benefiting over 10,000 local residents through education and health initiatives.

• Partnerships with local schools for agricultural education programs, reaching approximately 5,000 students in 2023.
• Healthcare initiatives that provided free medical services to over 3,500 individuals in rural areas.

Excellence

Cresud strives for excellence in all aspects of its business, from production to service delivery.

In 2023, Cresud achieved a 90% customer satisfaction score through regular feedback mechanisms and quality assurance programs.

• Implementation of a continuous improvement program that reduced operational costs by 10% in the last financial year.
• Participation in international quality certifications, with 70% of its operations certified ISO 9001 by 2024.