Vinte Viviendas Integrales S.A.B. de C.V.
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:6,944 tons CO2e/year (savings)
Total Energy Consumption:4,076 MWh/year (savings)
Water Consumption:560,660 m3/year (savings)
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Annual saving of 6,944 tons of CO2 from homes throughout their entire lifespan.
- 10,003 EDGE-certified homes built between 2019 and 2022, including 898 EDGE Advanced homes. This achievement has led to annual savings of 6,944 tons of CO2 and 560,660 cubic meters of water
Social Achievements
- More than 55,892 homes titled in affordable entry level, middle income, and middle higher income segments in our mixed communities.
- 750 classrooms for 32 donated schools, rated within the best performing schools by academic performance in their region, as verified by PwC.
- 47% of our employees are women. 307 are in management and leadership positions.
Governance Achievements
- Issuance of the 20XSDG bond, aligning with the UN SDG bond guidelines.
- 100% attendance at the Board of Directors' and Audit and Corporate Practices Committees' meetings during 2022.
- Vinte’s ESG risk rating improved from 23.1 (Medium Risk) in 2018 to 14.2 (Low Risk) in May 2022.
Climate Goals & Targets
Medium-term Goals:
- Certify more than 19,500 EDGE homes by 2030.
Environmental Challenges
- Complexity of developing housing on a continuous and sustainable basis in Mexico.
- Long working capital cycles required for housing development.
- Limited equity available (credit and equity decrease within the industry in the last 10 years).
- Long-term investment uncertainty.
- Complexity in securing licenses.
- Water scarcity.
Mitigation Strategies
- Conservative policy on early investment in new land reserves.
- Diversification and operating flexibility to react to negative impacts on economic activity.
- Policy of approximately six weeks of cash on hand invested in short-term low-risk instruments.
- Insurance for construction and work on developments based on expected meteorological behavior.
- Actions to obtain work authorizations within estimated time limits.
- Ability to adjust product offering to meet different circumstances, with up to 7 home models per location and the possibility of price adjustments.
Supply Chain Management
Responsible Procurement
- Requires all contractors to align with corporate policies, including environmental and social policies.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standards, SASB
Third-party Assurance: Redes Sociales en Línea Timberlan (limited assurance on a sample of GRI disclosures), Deloitte (financial information)
UN Sustainable Development Goals
- SDG 4
- SDG 5
- SDG 6
- SDG 7
- SDG 8
- SDG 10
- SDG 11
- SDG 12
Details provided in the report on page 43 and 71.
Sustainable Products & Innovation
- Hybrid Homes (Zero-emission)
- Ecofix
- Vinteja
Awards & Recognition
- Two Impact Awards by Environmental Finance
- Regional Top Rated 2023 by Sustainalytics
- EDGE Champions by the IFC