2023 ESG Report by AMEFIBRA
Alejandro González
What Are FIBRAs and Why Do They Matter?
FIBRAs are investment vehicles specialized in acquiring, operating, and leasing real estate properties—ranging from industrial parks and office buildings to hotels and shopping centers. They offer an efficient way to channel capital into the real estate sector while delivering attractive and stable returns to investors.
Currently, the 15 FIBRAs that are members of AMEFIBRA manage over 1,979 active properties across all 32 Mexican states, with a Gross Leasable Area (GLA) exceeding 26 million square meters.
Key ESG Achievements in 2023
The report highlights major progress across the three pillars of sustainability: Environmental, Social, and Governance (ESG). Here are some of the standout achievements:
🌱 Environment
Increased use of renewable energy: FIBRAs raised their average use of solar energy from 16% in 2022 to 21.7% in 2023.
Climate commitments: 33% of FIBRAs have set targets aligned with the Science Based Targets initiative (SBTi), and another 13% have pledged to establish them.
Green bond leadership: FIBRAs have issued more than USD 1.6 billion in green bonds.
🤝 Social Impact
Diversity, equity, and inclusion: 87% of FIBRAs implement DEI strategies, and AMEFIBRA’s Sustainability Committee is 50% women.
Workplace safety: The accident rate dropped from 2% in 2022 to 0.899% in 2023.
Social investment: An additional 298 million pesos were invested in social projects, benefiting 5.5 million more people than the previous year.
🏛 Governance
Strong sustainability committees: These saw an average increase of 8.88 percentage points in development.
Climate oversight: 80% of FIBRAs now have governance bodies in place to manage climate-related risks.
High transparency: 93% of FIBRAs publish a Sustainability or Integrated Report.