Climate Change Data

Inversiones La Querencia (ILQ) and Inversiones Costa Elocuente (ICE)

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Waste Generated:481.31 kg recycled in Santo Domingo offices

ESG Focus Areas

  • Biodiversity conservation and natural habitats
  • Local Development
  • Environmental Impacts
  • Community Health and Safety
  • Labor and Labor Conditionalities
  • Human Rights
  • Supplier Management
  • Natural Resource Efficiency and Pollution Prevention

Environmental Achievements

  • Transplanted 30 royal palms, 30 palma cana, 48 coconut palms, and 4 drago trees.
  • Cleaned and maintained approximately 2 km of beach, collecting and sorting about 30 m3 of plastic and 200 m3 of organic waste annually.
  • Removed 355 m3 of sargassum from the shore.
  • Successful hatching of 672 hawksbill, green, and leatherback turtles from 21 documented nests at Playa Esmeralda.
  • Recycled 481.31 kg of waste in Santo Domingo offices.

Social Achievements

  • Launched and shared Tropicalia’s Code of Conduct and Internal Work Regulations with 100% of employees and associates.
  • Fundación Tropicalia’s “Soy niña, soy importante” (SNSI) program provided environmental education and recycling workshops.
  • Co-organized a second fundraising cocktail event for SNSI.
  • SNSI was featured as a charitable cause at the World Corporate Golf Challenge 2023.
  • Delivered a school fund benefiting 2,167 students, 126 teachers, and 16 schools in response to Hurricane Fiona.
  • Miches Emprende disbursed 37 loans totaling US$104,514.

Governance Achievements

  • Appointed William R. Phelan as President of Tropicalia.
  • Appointed Rodrigo Rubio as Vice President of Construction and Design, Sofía Perazzo as President of Fundación Tropicalia, and Katherine Duran as Executive Director of Fundación Tropicalia.
  • Established offices in Punta Cana for the Design and Construction Department.
  • Launched an Ethics Line and communicated it to all staff and partners.

Climate Goals & Targets

Environmental Challenges

  • High exposure to hurricanes, tsunamis, heat waves, and droughts.
  • Balancing economic growth with natural resource management in Miches.
  • Fostering orderly urban development in Miches.
  • Building inclusive supply chains in Miches.
Mitigation Strategies
  • Project’s design incorporates LEED certification, responsible coastal management, strategic landscaping, water management, and elevated floor designs.
  • Innovative technologies used to simulate scenarios under severe hurricanes and tsunamis.
  • Robust strategy for developing sewer and drainage system to minimize flood risks.
  • Implementing targeted measures and action plans to enhance supplier performance and align with the Project’s sustainability goals.

Supply Chain Management

Responsible Procurement
  • Comprehensive environmental and social risk assessment questionnaire for contractors and suppliers.
  • Inclusion of sustainability clauses in main contracts.

Climate-Related Risks & Opportunities

Physical Risks
  • Hurricanes
  • Tsunamis
  • Heat waves
  • Droughts

Reporting Standards

Frameworks Used: GRI Standards, UN Global Compact Principles, Sustainable Development Goals, IFC Performance Standards

Certifications: LEED (in progress)

UN Sustainable Development Goals

  • SDG 4 (Quality Education)
  • SDG 5 (Gender Equality)
  • SDG 8 (Decent Work and Economic Growth)
  • SDG 13 (Climate Action)
  • SDG 15 (Life on Land)

Initiatives contribute to these goals through education programs, gender equity initiatives, economic development programs, climate change adaptation measures, and biodiversity conservation efforts.

Awards & Recognition

  • Fundación Tropicalia recognized by the United Nations World Tourism Organization as the most innovative NGO for its local inclusion work.