Climate Change Data

FIBRA Macquarie México

Climate Impact & Sustainability Data (2020, 2022, 2023)

Reporting Period: 2020

Environmental Metrics

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Achieved a 3-star rating in the Global Real Estate Sustainability Benchmark (GRESB) Assessment, improving its score by 5 points from 2019 to 2020, and ranking 4th in the Americas | Industrial | Listed | Tenant Controlled peer group.
  • Improved S&P Global Corporate Sustainability Assessment (CSA) score across all CSA dimensions.
  • Aligning 2019 Sustainability Report to GRI and SASB standards.
  • Achieved two LEED Core & Shell certifications and six BOMA Best certifications. LEED Volume prototype approved for new industrial developments.

Social Achievements

  • Implemented numerous hygiene measures to ensure customer health and safety in retail and industrial assets.
  • Provided employees with resources for virtual work and wellbeing through the “MPA Contigo” program.
  • Established care centers for women victims of pandemic-related domestic violence in retail assets through the “Contingencia Sin Violencia” program.
  • Implemented ESG principles for suppliers.

Governance Achievements

  • Added two new members to the Manager Board.
  • Expanded Cybersecurity Risk/Management Strategy.
  • Implemented Supplier Principles.

Climate Goals & Targets

Long-term Goals:
  • Maximize long-term value for certificate holders, staff, and customers.
Medium-term Goals:
  • Benefit from a recovering retail sector and targeted remodeling works.
Short-term Goals:
  • Continue strengthening customer relationships and service.

Environmental Challenges

  • COVID-19 pandemic impacting the economy and business operations.
  • Challenges in the retail portfolio due to restrictions on non-essential businesses.
  • Sensitivity of financial results to exchange rate fluctuations (mainly dollarized leases).
Mitigation Strategies
  • Drew on line of credit to strengthen cash position.
  • Worked closely with customers, supporting them and implementing health and safety measures.
  • Implemented remote work policies and safety measures.
  • Maintained a conservative approach and ample liquidity.

Supply Chain Management

Responsible Procurement
  • ESG principles for suppliers

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRESB, GRI, SASB, TCFD

Certifications: LEED, BOMA Best

UN Sustainable Development Goals

  • Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:334,236 tCO2e/year
Scope 1 Emissions:10 tCO2e/year
Scope 2 Emissions:2,085 tCO2e/year
Scope 3 Emissions:332,141 tCO2e/year
Renewable Energy Share:1.52%
Total Energy Consumption:805,388 MWh/year
Water Consumption:422,848 m3/year
Waste Generated:Not disclosed
Carbon Intensity:9.7 kgCO2e/ft2

ESG Focus Areas

  • Business resilience and exposure to climate change risks
  • Water security
  • Client environmental impact
  • Implement enhanced standards on safety
  • Continuous oversight

Environmental Achievements

  • Delivery of a new 183k square foot GLA industrial development in Monterrey, LEED® Platinum certified (first in North America)
  • More than 400% increase in EDGE certified GLA, totaling 7.1 million ft2
  • Increased green building certification to 31% of consolidated portfolio GLA footprint

Social Achievements

  • MPA certified by Great Place to Work® with 91% approval
  • Enhanced primary caregiver and secondary caregiver leave entitlements
  • Introduced a permanent annual well-being day and two volunteer leave days per year for MPA staff

Governance Achievements

  • 88% of Technical Committee comprised of independent members
  • Separation of Technical Committee Chairperson and CEO roles
  • Issuance of first sustainability-linked financing facility (US$660 million)

Climate Goals & Targets

Long-term Goals:
  • Net zero emissions by 2040
Medium-term Goals:
  • Achieve net zero scope 1 and 2 emissions by 2040
  • Increase on-site solar and off-site renewable energy sources
Short-term Goals:
  • Further alignment with TCFD recommendations
  • Improve eco-efficiency and certify all assets under green certification programs

Environmental Challenges

  • Climate change impacts on operational feasibility of clients and increased maintenance costs
  • Environmental impacts from clients' operations
  • Water scarcity in over 80% of portfolio locations
Mitigation Strategies
  • Climate risk assessments and incorporation of eco-efficiency and sustainable design
  • Collaborative initiatives with clients to enhance eco-efficiency
  • Increased water efficiency in properties and rainwater capture/storage

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Principles for Suppliers
  • Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks
  • Droughts
  • Floods
  • Storms
Transition Risks
  • Increased costs due to higher prices in materials and services
  • Stricter regulation and emerging policy
Opportunities
  • Higher resilience to climate change
  • Improved energy security

Reporting Standards

Frameworks Used: GRI, SASB, TCFD

Certifications: LEED, EDGE, BOMA BEST, Green Lease Leader Gold

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • LEED® Platinum building prototype

Awards & Recognition

  • Green Lease Leader Gold
  • LEED® C&S v4 Gold certification
  • EDGE Champion status
  • Great Place to Work® recognition

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Climate Change
  • Water Security
  • Environmental Management
  • Health and Safety
  • Workforce Diversity
  • Community Engagement
  • Corporate Governance
  • Sustainable Finance
  • Supply Chain Risk Management
  • Sustainable Procurement

Environmental Achievements

  • Increased water efficiency in properties
  • Incorporated rainwater capture and storage in new buildings
  • Adopted collaborative initiatives with clients to improve their environmental performance
  • Implemented energy conservation, waste management and water conservation initiatives favored by clients

Social Achievements

  • Implemented WHSE practices based on highest industry standards and a framework structured around continuous improvement
  • Provided a comprehensive package of health and well-being benefits to employees
  • Promoted social mobility by mentoring and hiring at-risk young people
  • Developing a grievance mechanism for communities impacted by construction projects

Governance Achievements

  • Ethics and Anti-Corruption Program implemented
  • Code of Conduct and Principles for suppliers implemented
  • Maintain a culture of transparency and a corporate governance framework that closely aligns business management with customers’ and investors’ interests

Climate Goals & Targets

Long-term Goals:
  • Transition towards net zero targets and mitigate asset-specific risks
  • Adopt a public commitment in line with the Paris Agreement and deploy Net Zero plan
Medium-term Goals:
  • Adopt portfolio-wide goals on sustainable building
  • Apply sustainability standards and pursue green building certifications
Short-term Goals:
  • Generate and procure renewable energy (rooftop solar projects)
  • Increase water security for tenants (rainwater storage, wastewater recycling)
  • Improve water efficiency and conservation in buildings

Environmental Challenges

  • Over 95% of portfolio located in regions of high or extremely high water stress risk
  • Over 55% of assets exposed to medium-high to extremely high flooding risk
  • Environmental impacts from clients represent over 90% of the environmental footprint of the value chain
  • Breaches to WHSE framework may require halting operations
Mitigation Strategies
  • Carry out climate risk assessments and incorporating eco-efficiency and sustainable design principles when building or retrofitting assets
  • Increase water efficiency in our properties and incorporate rainwater capture and storage in new buildings
  • Adopt collaborative initiatives with our clients
  • Implementation of WHSE practices based on highest industry standards and a framework structured around continuous improvement

Supply Chain Management

Responsible Procurement
  • ESG Principles for Suppliers

Climate-Related Risks & Opportunities

Physical Risks
  • Water scarcity
  • Flooding
  • Extreme heat
Transition Risks
  • Avoidance of stranded assets or loss of competitiveness of our portfolio due to effects of climate change
Opportunities
  • Eco-efficiency and sustainable design principles

Reporting Standards

Frameworks Used: SASB, GRI Standards, GRI Construction and Real Estate Sector Supplement (CRE)

UN Sustainable Development Goals

  • 7
  • 6
  • 11
  • 8
  • 13
  • 16

The report details how FIBRA Macquarie's initiatives contribute to these SDGs.