Environmental issues are investigated during the due diligence phase, always using companies with proven expertise and wide renown. Possible environmental damage to the property is investigated and whether the practices for disposing of waste, contaminating or not, are in accordance with the standards of the national norm. In the event of irreversible damage to the environment, the transaction is halted. In the case of reparable damages or waste disposal practices that do not comply with the standards, the transaction can only be completed if they are remedied.
Social issues are investigated inside the property management level. Vinci investigates whether the property manager does comply with all labor laws and best working practices. If the stake being negotiated is majoritary, Vinci may choose to change the property manager or enforce compliance with the standards.
At last, governance in the asset is assessed whether the stake being purchased is minoritary or majoritary and there are co-owners. The governance will be analysed case by case and it will be decided whether Vinci is comfortable with the powers given to the majoritary and minoritary stakes.