ESG / Responsible Investment

Responsible Investment

Since at Vesta we view ourselves as members of the communities where we operate, we implement collaboration projects aimed at establishing a dialogue that allows us to identify local needs that present an opportunity for development.

All of Vesta’s community projects take into consideration human rights and gender equality criteria. The projects and strategies developed by Vesta prioritize the following lines of action.

Our three pillars:

Education

Inclusion

Community Development

Since 2013 we have invested more than US $750,000 in causes that have a social impact, benefiting both the communities where we operate and our stakeholders.

In order to carry them out, we have established strategic partnerships with organisms in civil society, clients, and suppliers. This has enabled us to increase the social and economic impact of our initiatives.

Education
Inclusion
Community Development and
Social Entrepreneurship
  • Vesta Walking Together
  • A Better Future is Possible
  • Adopt a Child with a Childfund Mexico
  • Matematiza2
  • Adopt a Talent Program

We have been implementing this project for 5 years in collaboration with the Yo Quiero Yo Puedo Foundation, IMIFAP. It offers training in life skills and programs to prevent violence and addiction aimed at students, teachers, and parents. The goal is to help them make good decisions and promote a virtuous circle to strengthen the social fabric and community networks.

LOCATION: Huemantla in Tlaxcala, Ciudad Juárez in Chihuahua, and San Blas in the Estado de México.

2019 Social investment projects

SDG

At Vesta, as part of our social and environmental commitment, we respect human rights, labor standards, environmental stewardship, transparency, and the fight against corruption at all our operations and in all our relationships with stakeholders.

For example, in 2011 we adhered to the United Nations Global Compact and were included in the Sustainability Index of the Mexican Stock Exchange. Starting in 2017, at Vesta we strive to have all our initiatives adhere to the 17 SDGs, thus assuming our role as a key player in the scope of those goals over which we have a direct or indirect impact.

We believe we have a direct impact on four of the goals because we carry out specific efforts to contribute to them. On the one hand, we have social initiatives that promote education and growth in the communities in which we are present; on the other, our operations employ state-of-the-art technology to make the consumption of natural resources more efficient and to reduce our environmental impact. The SDGs we have a direct impact on are:

Finally, a considerable part of our parks employ solar panels or wastewater treatment plants to make the consumption of natural resources at our own and our clients’ operations more efficient. Likewise, in order to increase the impact of our social initiatives, we have established strategic alliances with our clients and value chain, ensuring better results for our initiatives. The goals over which we have an indirect impact are:

Relationship with
Stakeholders

At Vesta we actively encourage engagement with our stakeholders, taking into consideration the different cultural and social contexts in which we operate. To this end, in 2019 we updated our Materiality Assessment in order to identify those issues that are most relevant for and have the highest impact on our operation and stakeholders. Derived from the results of the assessment, we developed several actions and procedures that allow us to direct our efforts and budget to that which is most relevant for our business.

Based on the Materiality Assessment and other best national and international practices within our sector, we designed the Vesta ESG Strategy, in alignment to our Vesta Level 3 Strategy. The strategy will help us manage Vesta’s real estate properties in a comprehensive manner in a framework of shared responsibility with our stakeholders, particularly our tenants and suppliers. In order to manage the strategy in tandem with our stakeholders, we established a Stakeholder Engagement Program, which is an initiative that defines how Vesta and its divisions need to act with respect to their corresponding audiences, explains the specific commitments we need to make in order to improve the sustainable performance of our portfolio and activities, and defines the lines of communication with our main target audiences.

Our Value Chain

As part of our Stakeholder Engagement Program we developed specific actions in relation to our value chain. To this end, we assessed our 10 main contractors, using social and environmental criteria, to determine what they are doing wrong, what they are doing right, and where there is room for improvement. Likewise, starting in the second half of 2019 we included environmental and social components in our bidding processes in compliance with the Sustainable Construction Manual and a checklist. This enables us to measure environmental, social, and governance impacts of the construction process.

Finally, with the rest of our suppliers, we implemented a series of ESG Audits to detect areas for improvement and strengthen our value chain in terms of these issues.