Our Board of Directors is responsible for ensuring that the organization’s decisions are aligned with our ESG strategy, and that the actions we undertake are aligned with the commitments we have assumed on these topics.
Vesta’s board is led by Lorenzo Manuel Berho Corona, and is the organization’s highest governance body. It consists of 10 regular members and their respective alternates. Eight of the regular members are independent and three are women; two of the alternates are women. The Board is supported by seven committees, some of them made up of Vesta’s officers and at least one independent board member.
Like any organization, Vesta is exposed to environmental, social and economic elements wherever our properties are located, so identifying, managing, preventing, mitigating and monitoring potential risks is a key activity for this organization. We have a risk identification process, a strategy and an action plan to manage risks across the organization.
Our policies require that we specifically identify ESG risks in the process of investment, acquisition, sale or management of land, properties or parks.
In 2023 we updated our identification and assessment of climate-related risks, considering the risk classification recommended by the Taskforce on Climate-related Financial Disclosures (TCFD), included in International Financial Reporting Standards (IFRS) S2 on physical and transition risks, using climate scenarios. Based on the magnitude of the risk and an assessment of response capacity, we identified areas and opportunities for improvement to reduce the risk to which our facilities are exposed.
Considering the importance of ESG issues to Vesta, including those relating to climate change and biodiversity, managing them has become a responsibility shared by all the operating areas, under the leadership of the Board of Directors.
Our Code of Ethics and Business
Conduct requires us to ensure
inclusive and equal workplaces,
free of discrimination and
open to respectful dialogue.
We have an Ethics Committee that supervises and guarantees that the Code of Ethics remains up to date and in force. Starting this year, we also have a newly-created Compliance Officer, responsible for maintaining and fostering the culture that defines us both within and beyond the organization.
We also have a Supplier Code of Ethics applicable to any party that supplies professional services to the company.
This year we implemented a Counterparty Due Diligence tool, which will mitigate the risks associated with links to outside parties, whether they are clients, suppliers or even employees in key positions. This process ensures informed decision-making when establishing contractual relationships with others, avoiding or mitigating reputational, fraud or corruption risks.
Respecting and protecting the human rights
of everyone involved in our operations
is fundamental for Vesta.
The Policy on Human Rights, applicable
to both employees and suppliers,
provides the framework for
this commitment.
We are committed to fostering protection and respect for human rights in every interaction with stakeholders and in every Vesta activity. In support of this commitment, we created a Human Rights Due Diligence Process which establishes the basic principles of conduct and mechanisms necessary to identify, mitigate, remediate and train employees on the potential negative human rights impact our operations may cause.
We understand how crucial cybersecurity due to the basic priorities of the digital age. We uphold the highest standards to protect our systems and safeguard the integrity of our information. To lead these efforts, we appointed a Cybersecurity Manager (CSM), who is responsible for overseeing the cybersecurity strategy within the organization.
In the event of any incident, our employees are immediately notified via formal email while we implement the necessary security measures to minimize any impact.
Furthermore, close to 99% of our infrastructure is certified
under the necessary security standards.