Vesta’s Code of Ethics embodies our Company’s spirit and dedication to excellence and integrity throughout our operations.
This Code of Ethics is reviewed and updated every two years, also with stakeholder input. Vesta’s Chief Integrity Officer enables a culture of integrity while ensuring employees’ compliance. We actively engage with the below global initiatives which ensure our commitment to integrity is aligned with global best practices.
The Company developed a comprehensive strategy and action plan in 2019 to prevent and mitigate financial, market, regulatory, legal, environmental, social, and technology-related risks. This strategy, which continues to expand and evolve, has been implemented across the organization and throughout Vesta’s leased industrial real estate properties.
In line with the recommendations of the Task Force on Climate-related Financial Disclosures and GRESB, we conduct a maturity analysis and develop risk matrices for transition, physical, and social risks in each area of our company.
We firmly believe in the need to prevent and combat corruption
We promote an anti-corruption culture that is the responsibility of every employee, not just top management
To ensure ethical behavior, we have an Anti-Corruption Policy
Vesta has established policies and procedures to address the following:
Personal data protection and information security
We safeguard the confidentiality and security of physical and digital information through measures that protect Vesta's programs and systems' integrity.
Conflict of interest
We require annual written declarations of any activities, relationships, financial interests to identify potential conflicts of interest.
Transparency and accountability
Financial interests, work, or relationships with Vesta's competitors, suppliers, clients, or contractors are not permitted. Purchasing or procurement decisions which inappropriately benefit Vesta employees, friends, or relatives are also not permitted
Human Rights are ensured in all our interactions with stakeholders,
in our management, and operations.
Vesta’s ensures Human Rights are respected in all interactions with stakeholders, in our management and operations.
Vesta opposes child labor, forced labor, discrimination, negative social impacts, and any violation of human rights, at related to our industrial parks.
Vesta has been a signatory to the United Nations Global Compact since 2011.
In 2022, we conducted an analysis of human rights risks and proposed corresponding actions, defining and implementing a due diligence process. This exercise was carried out in collaboration with our stakeholders. It was conducted with the assistance of a third party and was developed based on international recommendations, particularly the OECD guidelines.
Vesta benefits from a diverse workforce
Our team embraces all personnel without prejudice related to age, gender, origin, nationality, marital status, religion, social or economic situation, sexual orientation, or political preference. Vesta is an equal opportunity employer, in accordance with our Diversity, Equity, and Inclusion Policy.
While Vesta’s employees are not affiliated with any labor unions, the Company supports freedom of association.
Vesta’s Ambassadors Program: Further Strengthens Vesta’s Organizational Culture
Vesta’s Change Agents, called “Ambassadors”, are empowered to implement policies and programs which further strengthen morale, reinforce team values and also, ensures two-way communications between employees and Vesta’s leadership team