Given the boom in investments and practices under environmental, social and corporate governance (ESG) criteria, the Fibras union is increasing its commitment and setting specific goals for 2025 in all facets.

By 2024, the objective of the Fibras is to reduce the parameters for the generation of pollutants and implement greater savings strategies in real estate and to date 73% have a policy and procedure focused on environmental management.

Among the issues that will be given greater emphasis is the management of stakeholders in ESG issues, governing bodies, governance policy, as well as risk assessments and considerations in ESG criteria in the due diligence process for new acquisitions.

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 In addition to the reporting of environmental, social and corporate governance information, building certifications, reduction in energy consumption, water, without leaving aside the monitoring of employee satisfaction, health, safety and well-being, among others.

Another key initiative has been that 15 of the 16 real estate investment trusts (Fibras) listed on the Mexican Stock Exchange (BMV) are publicly disclosing their plans and actions through the 'Sustainability Report 2020' and/or have including an 'ESG' or 'Sustainability' space on their respective websites.

A significant advance was reflected in 2021, where the real estate trusts affiliated with the Mexican Association of Real Estate Fibers (AMEFIBRA) published the 'Annual ESG Report 2020', which indicates that the objective is to increase transparency and strengthen communication with interest groups (investors, regulators and suppliers).

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Little by little, real estate Fibras have made their way into the Mexican thematic bond market. Until December, three companies have become issuers and one more is on the way, where Fibra Prologis, Fibra Storage and Fibra Uno stand out.

In the future, it will be the most efficient and sustainable buildings that will be in greatest demand by tenants and investors.

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Original note