VALORES SIMESA S.A
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Ethics and transparency
- Value generation for shareholders
- Corporate governance
- Human talent
- Urban transformation of the city
- Environmental sustainability
- Risk management
Governance Achievements
- Strengthened ethical compliance and control mechanisms.
- Consolidated a solid governance structure that promotes efficient and prudent capital management in decision-making.
Climate Goals & Targets
Environmental Challenges
- Economic slowdown affecting real estate sales.
- Risk in the profitability of investments in fixed income and collective investment funds (FIC).
- Risk of contaminated soil.
- Errors in the valuation of investment properties.
Mitigation Strategies
- Continuous monitoring of the real estate market to identify early signs of slowdown.
- Diversification of investments in fixed income and monitoring of the profitability and volatility of Collective Investment Funds.
- Remediation treatments were carried out on the lots to overcome any effects derived from the industrial processes to which they were subjected.
- Independent appraisers determine the fair value of investment properties, which are then verified and challenged by the Real Estate Committee.