MIG HOLDINGS S.A.

Climate Impact & Sustainability Data (2023)

Total Carbon Emissions:20,939.54 tn CO2

Scope 1 Emissions:97.55 tn CO2

Scope 2 Emissions:20,773.26 tn CO2

Total Energy Consumption:21,999.46 MWh/year

Water Consumption:40,283 m3/year

Total energy consumed within the Group was 80.43 TJ (Terajoule), decreased by over 10% compared to 2022 (89.47 TJ).
Total emissions (direct and indirect emissions) decreased by 10% in 2023, from 23,299.65 tn CO2 in 2022 to 20,939.54 tn CO2.

Zero accidents were recorded in 2023.
The Group implements a Code of Ethics & Professional Conduct, which refers to the key principles and governs all its operations, based on the international best practices and current legal and regulatory obligations.
The Group respects personal and professional life balance of its people and ensures that they are treated equally, with transparency in provisions of information, remuneration, benefits and respect for personal data and all their rights.

The Company has drafted an Internal Regulation, which sets out the key principles, policies and procedures of corporate governance, including principles governing the Internal Audit System, in compliance with the applicable legislation and the regulatory provisions of the supervisory authorities.
The Company has established a set of internal procedures, implemented at all levels, based on ethics, transparency and open procedures.
The Group regards combating and eliminating corruption and bribery in all their forms as its priority.

Long-term Goals:

Considering the use of alternative ways of strengthening its capital when this increase is deemed to favor all the shareholders.
Investing in listed and non-listed companies aimed at both: obtaining short-term profits and enhancing profitability in the medium term.
Investing in Fixed Income securities.
Considering investing in Private Equity Funds.

Medium-term Goals:

Continuing the implementation of new investment projects aiming at medium-term strengthening of profitability.

Short-term Goals:

Increasing leased spaces
Renewing leases that expire within the year under more favorable terms.
Managing effectively operating costs.
Improving real estate yield.
Maintaining sufficient liquidity for the repayment of increased financial expenses and the implementation of the company's investment plans.

The Group's investment properties are generally located in prime commercial locations and areas. It is to be noted that the properties in the portfolio are periodically valued by an independent certified appraiser. Regarding the risk of a decrease in rental prices due to market conditions, the Group enters into long-term lease contracts which include annual rent adjustments based on the Consumer Price Index.
The Group uses several financial instruments and pursues specialized strategies to limit its exposure to changes in the values of investments that may result from market volatility, including changes in prevailing interest rates and currency exchange rates.
The Group’s policy is to constantly monitor interest rate trends as well as the duration of its financial needs.
The Group has set up the appropriate infrastructure and has adopted efficient monitoring procedures and policies per counterparty based on the counterparty’s credibility.
The Group is managing its liquidity requirements on a daily basis through systematic monitoring of its short and long-term financial liabilities and through daily monitoring of the payments made.
The Group closely monitors events, as well as international trends, and ensures that measures are taken to address both potential natural risks and transition risks in the countries in which it operates.
For proper management, the Group systematically monitors safety parameters and takes all necessary measures to manage relevant issues.

Climate Change Data