Through the green lease, we seek all tenants’ participation in voluntarily supplying environmental data, so we can lay the groundwork for measuring the sustainability progress of our parks.
This year, with the aim of improving the quality of the information we report on our tenants’ environmental performance, we collected and managed energy, emissions, water and waste data from them, as follows:
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Scope 3 energy consumption and emissions data were calculated based on electrical bills and estimated data, which were reported in the emissions inventory.
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Water data are calculated based on Vesta information, supported by payment receipts.
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Waste data was provided directly by our tenants (Vesta is not responsible for the accuracy and quality of this information).
Hold some kind of green certification for 20% of our GLA by 2026.
Progress as of 2023:
10,413,147
square feet, which is
28% of our GLA.
We are very proud to report that this year we were named an EDGE Champion by the International finance Corporation (IFC), for having more than 2.1 million square feet of EDGE-certified GLA.
Vesta will continue to certify portfolio to improve operating efficiency and remain at the forefront of the market for green buildings in Mexico.
20% reduction in energy consumption in our offices and common areas by 2025.
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11,915 GJ of electricity consumption and 1,874 GJ of fuel for offices and common areas.
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2,063,144 GJ of electricity consumption and 802,528 GJ of fuel from tenants.
Energy intensity
Reduce water consumption in our common areas and offices by 20% by 2025.
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143,875 m3 of water consumption for offices and common areas.
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436,740 m3 of water consumption from tenants.
We carried out our first human rights risk analysis exercise through a due diligence process, which we conducted in accordance with OECD guidelines and international recommendations. As a result, we suggested proactive actions for risk prevention in social and environmental matters, including problems derived from effluent contamination that affect water conditions.
Reduce scopes 1 and 2 emissions by 20% by 2025.
Mitigation target
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We generated 137.25 and 1,416.30 tCO2e of scope 1 and 2 emissions in our offices and common areas.
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We generated 361,468.38 tCO2e of scope 3 emissions for products and services purchased, fuel and energy not included in scopes 1 and 2, business travel, employees commuting and leased assets (downstream).
In 2023, we prepared a GHG emissions inventory, which laid the groundwork for a standardized and systematic process that we will be able to easily replicate in future years. We are also working on developing a GHG Emissions Recalculation Policy that will allow us to adjust our base year emissions, clearly establishing the rationale and context for any emissions recalculation.
Increase by 50% the amount of waste recycled and/or reused by 2025.
Adaptation target
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1.03 ton of hazardous waste and 453.01 tons of non-hazardous waste generated in offices and common areas.
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932 tons of hazardous waste and 17,423 tons of non-hazardous waste generated by our tenants.
In 2023, we initiated our first assessment of the biodiversity surrounding Vesta facilities based on the recommendations of the Taskforce on Nature-related Financial Disclosure (TNFD), so that we can assess and communicate our risks and opportunities related to biodiversity loss and ecosystem impacts.