Terrafina Publishes its 2020 Sustainability Report

Mexico City, July 19, 2021 – Terrafina (”TERRA”) (BMV: TERRA13), a leading Mexican industrial real estate investment trust (“FIBRA”), externally advised by PGIM Real Estate and dedicated to the acquisition, development, lease and management of industrial real estate properties in Mexico, announced today it has published its 2020 Sustainability Report.

 

Alberto Chretin, CEO and Chairman of Terrafina’s Technical Committee, commented: “2020 was an important year for Terrafina’s sustainability strategy. The crisis resulting from the COVID-19 pandemic created an opportunity to strengthen the ties with our stakeholders. We recognize the impact our operations and that is why, we worked together with our stakeholders to get through this complex period in the best possible way. We are committed to continue making an impact through our ESG strategy, recognizing the great opportunity to continue evolving towards a better future. Beyond meeting market trends, we recognize the opportunities that climate change and other sustainability challenges may represent for Terrafina itself. We are proud to present our 2020 annual sustainability report, which highlights our main achievements and goals defined within the strategy.”

 

The full report can be found here, and the key highlights include the following milestones:

 

  • ESG Committee. Terrafina created an ESG Committee which consults and reports on ESG matters to the Technical Committee. This Committee approved the 2020-2030 ESG Strategy taking into account the risks and opportunities identified in our materiality analysis, as well as the interests and expectations of our stakeholders.
  • UN Global Compact. In 2020 Terrafina Adhered to the UN’s Global Compact as a demonstration of its commitment to join efforts to align our operation with the Ten Principles and work in favor of the Sustainable Development Goals.
  • KPIs and KPI goals definition. During the year Terrafina worked on defining KPIs for all its material topics, publishing a list of them together with ambitious objectives for its 2020-2030 strategy that should help lead the company’s sustainability efforts forward.
  • Commitment with climate efforts. Terrafina has committed to increase the percentage of GLA certified as a green building. It has also committed to certify all new developments as green buildings. Furthermore, Terrafina has announced reduction goals for its GHG emissions intensity as well as for water and energy intensity overall.
  • SASB indicators inclusion. For the first time, Terrafina is reporting the full set of SASB real estate indicators, aligned with market best practices and investor demands.
  • TCFD Recommendations. For the first time, Terrafina includes in its report an analysis following the TCFD recommendations to effectively contribute to counteracting the effect of climate change.
  • DJSI/CSA and GRESB. 2020 was the first year Terrafina participated in S&P’s CSA and the third year it completed the GRESB questionnaire. As a result of its sustainability efforts and policies, Terrafina was recognized with the first place within the Americas in GRESB’s Resilience module.

 

Miranda Newswire – Full Press Release: Download PDF

 

For more information please visit www.terrafina.mx/en or contact:

Francisco Martínez
Investor Relations Officer
Phone: +52 (55) 5279-8107
E-mail: francisco.martinez@terrafina.mx

Ana María Ybarra
Miranda IR
Phone: +52 (55) 3660-4037
E-mail: ana.ybarra@miranda-ir.com

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