Considering the ESG risks and impact our business model is exposed to, as well as the potential for shared value creation and the developmental needs of the communities in our target markets, we decided to align our investment activities with the Sustainable Development Goals (SDG). The alignment with the SDGs provides us with a blueprint to improve the sustainability of our projects’ operations in the long term by developing measures to efficiently use resources and enhance relationships with stakeholders, which are critical factors for the success of our long-term investment strategy and to maintaining a social licence to operate.
We have the potential to contribute to the SDGs' achievement in terms of biodiversity and ecosystems conservation - one of our projects is preserving 56,573 sq.m. of forest; efficient use of natural resources – in 2019 we consumed, 33,000 m3 of water; efficient use of energy – in 2019 we consumed 964,000 kwh of energy; and employment creation – we employed over 8,200 people in the last year. In 2019 we mapped all the SDGs and contrasted them with our activities, considering materiality and magnitude of the possible impacts of each one in our operations, the environment and surrounding communities. We selected nine SDGs and 37 KPIs related to our business and designed performance indicators to the information we track monthly in the following ESG areas: water and energy, waste and recycling, workers and OHS, community and urbanism.
An additional benefit of our data based sustainability analysis is the improvement in engagement with third parties including developers, allowing us to jointly track compliance with sustainability targets at the project level.