Miranda Partners in its report called "The new Leaders and Laggards of ESG", indicates that Terrafina and Fibra Uno are at the forefront in terms of the development of ESG strategies within the real estate Fibras sector in the country.

“It is natural that some industries have more progress than others. If you try to compare them all with the same themes, there will be a bias towards those most exposed to the indicators. By focusing solely on process, we understand that companies that tick the list for ESG development are not necessarily applying the criteria in their day-to-day operations. Likewise, those that do not make the list may be doing great things in this area”, explained Marimar Torreblanca, CEO of Miranda Partners ESG.

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Below are some of the most notable milestones in Environmental, Social and Governance strategies that the Trusts have achieved in the last couple of years from these two investment trusts.

Terrafina in July 2022 was included in the S&P/BMV Total Mexico ESG index. A year before, it executed a sustainable credit line for a total of 485 million dollars; and achieved recognition as an Industry Mover for the first time, as well as inclusion in the S&P Sustainability Yearbook.

One of its main objectives is to certify 15% of the gross leasable area of its portfolio by 2030. Until 2021, it had 399 thousand square feet recognized under LEED standards.

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For its part, Fibra Uno (FUNO) in March 2022, consolidated certifications for 33.2% of its office portfolio. The Torre Cuarzo, Punta Santa Fe and Torre Mexicana corporations received the LEED Gold level recognition in operation and maintenance, with which they reached one million 100 thousand square meters total certificates.

For the second consecutive year, in 2022, it was included in the S&P/BMV Total Mexico ESG Index in July 2022. By 2030, it will invest 160 million pesos in projects with a positive social impact in at least 300 communities.

Regarding its corporate governance, it set the goal of increasing gender diversity to 10% and independent members within the technical committee to 50%.

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Original note