Progreso, a family-owned company with over 125 years of history in producing cement, selling construction materials, energy, and real estate, faced the challenge of creating a robust compliance framework in an emerging market. Through their partnership with OneTrust, Progreso successfully built a world-class compliance program that has earned them international recognition.
Establishing a world-class compliance department
Progreso embarked on the journey of structuring its compliance department nearly 20 years ago. "The main challenges were to create a first world compliance department in an emerging market where local regulations don't require you to have a structured compliance department," explains Christy Ippisch. By partnering with OneTrust, the company has successfully built a strong, well-structured compliance program, leveraging the platform to navigate complex regulatory environments and ensure adherence to their ethical standards.
Fostering trust and credibility among employees
OneTrust has been instrumental in Progreso's efforts to foster a culture of trust and transparency within the company. "People feel it's a trustworthy environment where they can approach the compliance department," Ippisch shares. By providing effective tools for third-party due diligence and secure channels for reporting concerns, OneTrust has helped Progreso build credibility and reinforce their commitment to ethics across all levels of the organization.
Progreso’s ongoing commitment to ethics and compliance
The recognition of Progreso as one of the world’s most ethical companies by the Ethisphere Institute in 2023 highlights the success of their compliance initiatives. Progreso's experience with OneTrust highlights the value of a strong partnership in creating a trustworthy, ethical environment. As Progreso continues to grow, they remain committed to upholding the legacy of their founder and ensuring that ethics and compliance remain at the forefront of their operations.
