TCFD
As a Benefit and Collective Interest Society (BIC) committed to social and environmental impact, VANTARA Strategic recognises that climate change directly intersects with the live entertainment industry, music booking, and intellectual property management on a global scale. Our position at the intersection of culture and innovation requires transparency regarding how we manage climate-related risks and opportunities, particularly in the execution of international tours and large-scale events.
Governance
Disclose the organisation’s governance around climate-related risks and opportunities.
Recommended Disclosure
VANTARA’s Disclosure Summary
Board Oversight
The Shareholders’ Assembly and Legal Representation oversee the sustainability strategy and BIC commitments. Management annually evaluates how climate factors affect the financial viability of international tours and the reputation of the managed licences.
Management’s Role
The COO and CEO lead the identification of operational risks, such as transport logistics and venue selection. Sustainability criteria are integrated into decision-making for booking contracts and strategic alliances.
Strategy
Divulgar los impactos reales y potenciales de los riesgos y oportunidades relacionados con el clima en los negocios, la estrategia y la planificación financiera.
Identified Risks
Physical Risks: In the short term, extreme weather events may disrupt international tours or damage infrastructure at event venues. In the long term, chronic climate changes could affect the viability of certain regional markets.
Transition Risks: Increased costs in air travel (due to carbon taxes) directly impact the margins of global music tours.
Impact on Business
VANTARA’s financial planning now considers logistical resilience against natural disasters. Priority is given to licences and partners who share decarbonisation commitments, ensuring the continuity of the “social licence” to operate in markets with strict regulations.
Strategic Resilience
The organisation maintains contractual flexibility and geographical diversification in its booking plans to mitigate exposure to local risks. Digital technologies and hybrid production models are being evaluated to reduce reliance on mass physical travel.
Risk Management
Disclose how the organisation identifies, assesses, and manages climate-related risks.
- Identification and Assessment: VANTARA uses a scenario-based approach (Current Policies vs. Net Zero 2050) to assess the vulnerability of its large-scale projects, such as international symphonic tours.
- Risk Management: Climate risks are integrated into the general corporate and legal risk management process, ensuring that insurance policies and force majeure agreements adequately cover climate contingencies.
- Organisational Integration: The mitigation of climate risks is a fundamental part of VANTARA’s identity as a BIC company, aligning economic profitability with environmental responsibility in Colombia and abroad.
Metrics and Targets
Disclose the metrics and targets used to assess and manage relevant climate-related risks and opportunities.
- Key Metrics: VANTARA is initiating the monitoring of its carbon footprint, with a special emphasis on Scope 3 emissions arising from event logistics and international travel.
- GHG Emissions: As a newly established company (April 2026), the baseline has been set to report office energy consumption and transport emissions in the next fiscal cycle.
- Targets: The long-term commitment is to achieve carbon neutrality by 2050, implementing sustainable procurement policies and optimising event production logistics from the design phase.