In 2024, we invested US $610,071 in social and environmental responsibility initiatives, including the US $113,587 raised through the 2023 Vesta Challenge.
In 2024, the social investment area was restructured and projects are now divided into two lines of action: STEAM education, and social and productive entrepreneurship.
Data highlights of our 2024 Social Investment Projects:
100%
of the regions where Vesta operates with social projects
10
social investment projects
+ Vesta Challenge
8 states of Mexico
More than 4,000 people benefited
To ensure equitable practices in our project selection, we have a Social Investment Policy, which was updated in 2024 to include definitions and conclusions derived from the theory of change.
To assess the level of maturity of the civil society organizations (CSOs) we partner with, in 2024 we conducted an evaluation exercise, which entailed an exhaustive review of each organization's compliance across three main areas: transparency, tax and legal. Based on the audits of seven CSOs, we launched training and initiated a strengthening program for these organizations.
Vesta recognizes the impact its operations have on local communities and the surrounding environment. In 2024, we developed and implemented a series of protocols designed to foster innovation and sustainable community development.
We have developed a
Community Relations Protocol,
aimed at fostering economic and social
development in the regions where
we operate, with a particular focus
on vulnerable populations.
Our Land Acquisition Protocol outlines core principles and procedures to ensure that all transactions are conducted with integrity, transparency, and full respect for human rights. This includes actively working to prevent any displacement of communities.
We also introduced a process for concluding a project or intervention with the community focusing on project beneficiaries and partners, assessment of achievements, pending tasks, and lessons learned, and areas of opportunity to improve in future interventions. In our Community Exit Protocol, the most important part is the active involvement of the community during the exit process, which is directly related to our commitment to communities, our ESG strategy and the development of communities within the scope of our operations.