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Our Business Model


Sustainability Strategy

In 2022, FibraShop decided to innovate by introducing a new comprehensive, cross-sectional business model. We intend this not only to ensure the company’s profitability but to support us in a structured, organized growth strategy with well-defined targets, designed to benefit the entire community. We have called this strategy “ Centros de Vida.”

We know how urgent it is to take measures to mitigate the impact of climate change. But because this is one of the goals of the Sustainable Taxonomy of Mexico (STM), this document also recognizes other needs that all Mexicans are facing today. Now, we can see how our business model is aligned with sustainable priorities in our own country (table 1.5. STM environmental and social goals).

TSMMODELO DE NEGOCIOS FIBRASHOP
Mitigación al cambio climáticoContamos con un análisis de riesgos físicos relacionados con el cambio climático en donde se encuentran nuestras propiedades bajo la metodología TCDF. Hemos implementado estrategias de ahorro de energía, así como incrementar el uso de energía renovable, entre otras.
Gestión de recursos hídricosContamos con plantas de tratamiento de agua, captación pluvial y mingitorios secos en algunas de nuestras propiedades. Seguiremos extendiendo la estrategia a aquellas propiedades que aún no cuentan con algún sistema de reducción de consumo de este recurso natural.
Contribución a la igualdad de géneroEn FibraShop, estamos firmemente comprometidos con la igualdad salarial y reconocemos que el salario mínimo impacta de manera desproporcionada en las mujeres. Para abordar esta cuestión, hemos implementado una estrategia que incluye la contratación directa de todos aquellos que prestan sus servicios a través de una empresa externa. Esta medida no solo mejora el bienestar social y los ingresos de nuestros colaboradores, sino que también busca reducir significativamente la brecha salarial de género.
Acceso a servicios básicos: Salud, educación, inclusión, financieraEn línea con lo anterior, para poder tener acceso a los servicios básicos, es indispensable retribuir el esfuerzo de los colaboradores con un salario digno. Es por ello que nuestra meta es que ningún trabajador gane menos de dos salarios mínimos locales.

The hiring and salary measures we are introducing were designed with SDG 8 and 10 in mind—”Decent Work and Economic Growth” and “Reduced Inequalities,” as well as a set of statistics published on Mothers’ Day 2023 by INEGI, indicating that Mexican mothers have an average of two children each, meaning households consist of an average of 3-4 members. Considering also that CONEVAL’s “Analysis Document on Multidimensional Measurement of Poverty 2022,”* found that an individual requires 4,158 pesos per month to meet their basic dietary and non-dietary needs, this means that  a Mexican family must earn an average of 14,500** pesos per month. 

FibraShop is taking firm steps to help address the most pressing needs Mexicans face today.

For this reason, our  Centros de Vida are conceived not only as way to fulfill our ESG strategy, but also to offer better opportunities to our entire value chain.

How will we do it?

Our Centros de Vida are designed around to three basic aspects: environmental, social, and corporate governance, these three work together in the sense that the success of one is reflected in the others.  To guarantee this, we have established a series of steps which we will describe below. In their design, we identify both internal and external needs, evaluate the viability of their execution, and ensure that they are aligned with current needs in our country, as established in the Sustainable Taxonomy of Mexico. 

This new business model represents a solid commitment to sustainable development and the well-being of our community, an reflects our firm commitment to making a positive difference for our country.  We are excited about what the future holds, and we look forward to working together to build a better tomorrow.

1. AMBIENTAL

OUR CENTROS DE VIDA ARE SUSTAINABLE BUILDINGS WITH A CONTROLLED ENVIRONMENTAL IMPACT, USING ECOLOGICAL, LOW-CARBON MATERIALS AND FEWER NATURAL RESOURCES, AND PROTECTING GREEN AREAS.

Climate Change

We carried out an analysis to identify the physical risks relating to climate change, taking the necessary action to prevent any situation through the TCFD methodology.

Sustainable Buildings

We obtained EDGE certification for La Perla, the largest property in our portfolio, recognizing our efforts to save energy.

Our Centros de Vida incorporate green areas that support local biodiversity.

Waste

We have reduced our waste generation.

Water

Our properties have rainwater capture systems and wastewater tretment plants that reduce our withdrawal of potable water.

GHG EMISSIONS

By optimizing the energy efficiency of each property and transitioning toward renewable sources, we have reduced emissions.

Energy

We have installed LED lightning in 97% of our properties.

We have installed solar panels in 8 of our properties.

Counting the credit that finances La Perla, 57% of our debt is sustainability-linked.

We have loan agreements with sustainable KPIs relating to production of solar energy.

What's next?

Quantify the financial impact of physical climate change risks.

Continue our strategy of certifying buildings through an exhaustive analysis of our properties. Our next property to certify is Puerta La Victoria.

Build or acquire only new assets that meet FibraShop0s criteria for sustainable properties.

Introduce a site-and employee-level strategy on correct separation fo waste, promote recycling and monetization, and select suppliers to support us in this effort.

Adapt the remaining properties by installing wastewater treatment plants and  water reuse systems.

We are currently working on a plan to become a net-zero FIBRA.

Install solar panels to generate renewable energy in all of our properties.

Increase energy savings.

Meet the goal of our reference frameworks of consuming 50% renewable energy.

POSITIVE ENVIRONMENTAL EFFECTS ARE REFLECTED IN A BETTER QUALITY OF LIFE FOR PEOPLE IN LOCAL COMMUNITIES: CLEANER AIR TO BREATHE, LESS TRANSMISSION OF ILLNES DUE TO WASTE REDUCTION, GREATER AVAILABILITY OF WATER, REDUCED VULNERABILITY TO THE EFFECTS OF CLIMATE CHANGE.

2. SOCIAL

FIBRASHOP HOLDS THE FIRM CONVICTION THAT OUR NEW BUSINESS MODEL MUST RECOGNIZE OUR ENTIRE VALUE CHAIN, BEGINNING WITH OUR EMPLOYEES; IN OTHER WORDS WE MUST BE A GREAT EXAMPLE WITHIN OUR COMPANY, AND FROM THERE TO TRANSMIT IT TO OTHERS.

Our Employees

We have designed policies for talent engagement and retention to maximize the well-being of our employees.

Tenants

We have more than 1,800 tenant agreements; generating more than 25,00 indirect jobs in our properties. We conducted an internal analysis of all our tenants, an those representing 55% of our GLA have an ESG strategy in place.

We also modified our Ten Alterations Manual to encourage the use of low-emission, resource-efficient material.

We support small entrepreneurs with strategies to grow their business.

Suppliers

We introduced an Anti-Corruption Policy and Code of Ethics for Suppliers, wich we require them to sign.

We carried out a pilot program to learn about suppliers’ ESG strategies.

98% of our suppliers are local.

Community

Our Centros de Vida offer local communities something in exchange for their spaces: we equip our buildings for free recreational activities. This year we invested more than 5 million pesos in such activities.

We know that pets are a part of the family, so our Centros de Vida are pet friendly and also have doggy day care.

We encourage culture and education through workshops concerts and classes.

All of this has benefited around 60 million visitors to our properties.

NGO's

We have agreements with various NGOs involved in environmental and social issues, allowing them to occupy space in our properties free of charge.

Diversity and Inclusion

We want to be sure our Centros de Vida are inclusive spaces, free of discrimination. That´s why we start with our own workforce, strenghtening gender equity and diversity through policies and procedures, which we hope will have a domino effect in each property, with accesible facilities for persons with disabilities.

What's next?

FibraShop is in the process of hiring all previously outsourced employees with the following aim:

To guarantee that all of our employees 100% of the benefits and social security coverage to which they entitled;

To respect the human rights of our employees.

We have set ourselves the target of ensuring that no employee earns less than twice the minimun wage, base on CONEVAL’s calculation of the income a person needs to meet their basic dietary and non-dietary needs.

Offer incetives for tenats who do not have ESG strategies to develop one.

Forge alliances to fulfill ESG strategies.

We will survey all of our suppliers and use the results to make decisions on how to increase the number of suppliers with ESG strategies, this reinforcing oru value chain.

Focus on local sourcing to support the growth of SMEs and benefit the environment.

Continue engaging with communities through programs that support education, culture, sports and art.

Transform four of our properties’s into Centros de Vida in the short term.

Increase support for NGOs through collaboration agreements. Invite them to occupy space in our properties.

Help reduce the gender wage gap among our employees and forge alliances with tenants and suppliers to promote gender diversity.

DECISION-MAKING IS ALIGNED WITH APPLICABLE REGULATIONS AND CONSIDERS THE NEEDS, CONCERNS, INTERESTS AND EXPECTATIONS OF OUR STAKEHOLDERS, IN ORDER TO PROTECT THEIR RIGHTS.

3. CORPORATE GOVERNANCE

WE KNOW THAT DECISION-MAKING AND EXECUTION OF OUR STRATEGIC PLAN MUST BE STRUCTURED AND SUPPORTED BY WELL-INFORMED COLLEGIATE BODIES, FREE OF CONFLICTS OF INTERESTS, WHO CAN SAFEGUARDS THE FIBRASHOP COMMUNITY AND THE ENVIRONMENT.

Our Governance Bodies

We have designed and implemented gender diversity policies in our governance bodies.

Today there are more women members in our Committee.

Ethics and transparency

We are guided by ethical principles established in our code of ethics. Our commitment goes beyond our four walls and extends to our entire supply chain.

Risk and Management

We want to strengthen our business resilience and guarantee long term value creation through close and constant monitoring of ESG risks by our governance bodies, supporting the decisions we make for execution of our business model.

What's next?

Continuing to promote  women’s development.

Preparing and imlementing ESG training plans for management and members of the technical committee.

Although some members of senior management already have ESG criteria included in their performance evaluations, we will apply this across the board for the entire organization.

Regularly evaluating the performance of our committee members, senior management and value chain and making the appropiate decisions.

Design a methodology to control the financial and nonfinancial risks of climate change.

OUR GOVERNANCE MECHANISMS AND STRUCTURE WILL BE THE PILLAR  FOR TRANSFORMING OUR PROPERTIES INTO CENTROS DE VIDA.